|
· Value of Production Index (VaPI) continued to slow down
Value of Production Index (VaPI) of the manufacturing industry in October 2001 registered single digit year-on-year increases both in 1994 and 1985-based series at 2.2 percent and 0.5 percent, respectively, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI).
YEAR-ON-YEAR GROWTH RATES OF VaPI
TOTAL MANUFACTURING
|
Series
|
October 2001
|
September 2001
(revised)
|
|
1994-based
|
2.2
|
9.9
|
|
1985-based
|
0.5
|
4.4
|
Only food manufacturing posted double-digit year-on-year increases both in 1994 and 1985-based series (see Annex 1-A).
On the other hand, VaPI continued to decline on a month-on-month basis at 1.1 percent in both the 1994 and 1985-based series, respectively. This was due to the double-digit decreases of beverage for both series.
· Volume of Production Index (VoPI) continued to decline
The VoPI declined further by 10.1 percent in the 1994-based series and showed a minimal decrease of 0.2 percent in the 1992-based series. Paper and paper products posted the highest decrease of 31.7 percent in the 1994-based series. Double-digit decreases for both series were observed in the following sectors: petroleum products, beverage, basic metals, non-metallic mineral products, paper and paper products, miscellaneous manufacture and rubber products (see Annex 1-B).
YEAR-ON-YEAR GROWTH RATES OF VoPI
TOTAL MANUFACTURING
|
Series
|
October 2001
|
September 2001
(revised)
|
|
1994-based
|
- 10.1
|
- 4.6
|
|
1992-based
|
- 0.2
|
2.0
|
· Value of net sales decreased
Value of net sales in October 2001 decreased by a single-digit at 1.2 percent in the 1994-based series but posted a slower growth of 4.7 percent compared with the previous month's figure in the 1985-based series. Tobacco, paper and paper products and rubber products registered double-digit decreases in their value of net sales in both series (see Annex 2-A).
YEAR-ON-YEAR GROWTH RATES OF VALUE OF NET SALES
TOTAL MANUFACTURING
|
Series
|
October 2001
|
September 2001
(revised)
|
|
1994-based
|
- 1.2
|
5.9
|
|
1985-based
|
4.7
|
8.7
|
· Volume of net sales declined in the 1994-based series
The volume of net sales in October 2001 continued to fall down at 7.7 percent in the 1994-based series due to the decline in electrical machinery sector. However, volume of net sales in the 1992-based series increased by 4.0 percent. Tobacco, paper and paper products and rubber products registered double-digit decreases for both series (see Annex 2-B).
YEAR-ON-YEAR GROWTH RATES OF VOLUME OF NET SALES
TOTAL MANUFACTURING
|
Series
|
October 2001
|
September 2001
(revised)
|
|
1994-based
|
- 7.7
|
- 2.9
|
|
1992-based
|
4.0
|
3.2
|
· Producer's price index continued to post increases
Producer's price index (PPI) for total manufacturing increased by 13.7 percent and 0.7 percent in the 1994 and 1992-based series, respectively. Double-digit year-on-year increases for both series were observed in the following sectors: tobacco, publishing and printing and cement.
YEAR-ON-YEAR GROWTH RATES OF PRODUCER'S PRICE INDEX
TOTAL MANUFACTURING
|
Series
|
October 2001
|
September 2001
(revised)
|
|
1994-based
|
13.7
|
15.2
|
|
1992-based
|
0.7
|
2.4
|
· Capacity Utilization
The proportions of responding establishments that operated at full capacity (90%-100%) in October 2001 were 21.8 percent and 21.5 percent in the 1994 and 1985-based series, respectively. About 37.7 percent of the responding establishments operated at 70%-89% capacity in the 1994-based series, lower by 1.8 percentage points than the 1985-based series at 39.5 percent. On the other hand, those operating below 70% capacity accounted for 40.5 percent and 39.0 percent in the 1994-based and 1985-based series, respectively.
DISTRIBUTION OF KEY MANUFACTURING ESTABLISHMENTS BY CAPACITY UTILIZATION
TOTAL MANUFACTURING, OCTOBER 2001
(In percent)
|
Capacity Utilization
|
1994-based
|
1985-based
|
|
Below 50%
|
14.8
|
13.3
|
|
50% - 59%
|
8.5
|
8.5
|
|
60% - 69%
|
17.2
|
17.2
|
|
70% - 79%
|
18.0
|
18.6
|
|
80% - 89%
|
19.7
|
20.9
|
|
90% - 100%
|
21.8
|
21.5
|
Average capacity utilization rate for October 2001 for total manufacturing was estimated at 75.9 percent in the 1994-based, 1.0 percentage point lower than the 76.9 percent in the 1985-based. The sectors that posted more than 80% capacity utilization rates for both series were tobacco, rubber products, petroleum products and miscellaneous manufacture(see Annex 3-A).
AVERAGE CAPACITY UTILIZATION FOR TOTAL MANUFACTURING
(In percent)
|
Series
|
October 2001
|
September 2001
(revised)
|
|
1994-based
|
75.9
|
75.4
|
|
1985-based
|
76.9
|
76.1
|
· Response Rates (1994-based and 1985-based series)
In October 2001, the response rates in the 1994-based and 1985-based series were 78.9 and 80.6 percent, respectively. The survey results were based on the responses of 484 and 437 sample establishments for both series (see Table 4).
RESPONSE RATES FOR TOTAL MANUFACTURING
(In percent)
|
Series
|
October 2001
|
September 2001
(revised)
|
|
1994-based
|
78.9
|
89.8
|
|
1985-based
|
80.6
|
91.4
|
ANNEX 1-A
VALUE OF PRODUCTION INDEX, OCTOBER 2001
|
Gainers
|
Year-on-Year Growth (%)
|
|
|
1994-based
|
1985-based
|
| |
|
|
|
Food Manufacturing
|
18.53
|
20.7
|
|
Chemical Products
|
13.69
|
-0.7
|
|
Electrical Machinery
|
3.11
|
2.9
|
|
Publishing & Printing*
|
50.98
|
n.a.
|
|
Machinery Excluding Electrical*
|
41.43
|
n.a.
|
|
Fabricated Metal Products*
|
25.06
|
n.a.
|
|
Tobacco
|
6.35
|
6.4
|
|
Basic Metals
|
3.20
|
-3.7
|
|
Transport Equipment
|
3.20
|
8.7
|
|
Furniture & Fixtures
|
1.07
|
3.7
|
|
Textile
|
0.17
|
1.9
|
| |
|
|
| |
|
|
|
Losers
|
Year-on-Year Growth (%)
|
|
|
1994-based
|
1985-based
|
| |
|
|
|
Petroleum Products
|
-17.75
|
-17.7
|
|
Beverage
|
-14.56
|
-13.7
|
|
Paper & Paper Products
|
-23.29
|
-21.5
|
|
Footwear & Wearing Apparel*
|
-10.05
|
n.a.
|
|
Non-metallic Mineral Products
|
-8.42
|
-5.8
|
|
Miscellaneous Manufactures
|
-15.52
|
-11.3
|
|
Rubber Products
|
-14.72
|
-14.4
|
|
Leather Products*
|
-53.66
|
n.a.
|
|
Wood & Wood Products
|
-0.88
|
-14.2
|
| |
|
|
|
Gainers
|
Month-on-Month Growth (%)
|
|
|
1994-based
|
1985-based
|
|
Chemical Products
|
8.32
|
1.0
|
|
Tobacco
|
18.73
|
18.7
|
|
Non-Metallic Mineral Products
|
11.12
|
9.5
|
|
Publishing & Printing*
|
10.41
|
n.a.
|
|
Rubber Products
|
5.78
|
5.5
|
|
Furniture & Fixtures
|
0.78
|
1.1
|
|
Electrical Machinery
|
5.37
|
4.4
|
ANNEX 1-A
VALUE OF PRODUCTION INDEX, OCTOBER 2001(concluded)
|
Losers
|
Month-on-Month Growth (%)
|
|
|
1994-based
|
1985-based
|
| |
|
|
|
Beverage
|
-19.10
|
-19.1
|
|
Food Manufacturing
|
-4.97
|
-6.1
|
|
Petroleum Products
|
-5.66
|
-5.7
|
|
Footwear & Wearing Apparel*
|
-13.96
|
n.a.
|
|
Basic Metals
|
-6.58
|
-1.6
|
|
Fabricated Metal Products*
|
-19.27
|
n.a.
|
|
Transport Equipment
|
-5.83
|
-6.0
|
|
Textile
|
-6.81
|
-5.7
|
|
Paper & Paper Products
|
-7.10
|
-4.0
|
|
Miscellaneous Manufactures
|
-9.06
|
-6.6
|
|
Leather Products*
|
-49.59
|
n.a.
|
|
Wood & Wood Products
|
-4.38
|
-5.5
|
|
Machinery Excluding Electrical*
|
-2.40
|
n.a.
|
Note: * - new sectors in the 1994-based series
Sectors are ranked according to their contribution to the overall 1994-based September 2001 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous year same month index less 1.
Month-on-month growth rates are computed by dividing the current month index by previous month index less 1.
ANNEX 1-B
VOLUME OF PRODUCTION INDEX, OCTOBER 2001
|
Gainers
|
Year-on-Year Growth (%)
|
|
|
1994-based
|
1992-based
|
| |
|
|
|
Food Manufacturing
|
17.1
|
28.3
|
|
Footwear & Wearing Apparel
|
38.1
|
n.a.
|
|
Machinery Excluding Electrical*
|
28.6
|
n.a.
|
|
Fabricated Metals*
|
18.3
|
n.a.
|
|
Publishing & Printing*
|
7.7
|
n.a.
|
|
Wood & Wood Products
|
0.1
|
-14.4
|
|
Losers
|
Year-on-Year Growth (%)
|
|
|
1994-based
|
1992-based
|
|
Petroleum Products
|
-12.9
|
-13.8
|
|
Beverage
|
-26.4
|
-12.2
|
|
Basic Metals
|
-19.0
|
-10.6
|
|
Chemical Products
|
-7.5
|
-5.6
|
|
Non-Metallic Mineral Products
|
-21.7
|
-15.2
|
|
Paper & Paper Products
|
-31.7
|
-24.7
|
|
Textile
|
-11.6
|
1.9
|
|
Tobacco
|
-11.2
|
-7.5
|
|
Transport Equipment
|
-5.1
|
1.6
|
|
Electrical Machinery
|
-27.0
|
7.8
|
|
Miscellaneous Manufactures
|
-17.3
|
-43.7
|
|
Rubber Products
|
-18.0
|
-14.8
|
|
Furniture & Fixtures
|
-14.5
|
1.4
|
|
Leather Products*
|
-28.7
|
n.a.
|
|
Gainers
|
Month-on-Month Growth (%)
|
|
|
1994-based
|
1992-based
|
| |
|
|
|
Chemical Products
|
8.4
|
1.3
|
|
Tobacco
|
18.7
|
18.7
|
|
Non-Metallic Mineral Products
|
11.3
|
7.6
|
|
Publishing & Printing*
|
10.4
|
n.a.
|
|
Rubber Products
|
5.8
|
5.5
|
|
Furniture & Fixtures
|
0.3
|
1.1
|
|
Electrical Machinery
|
4.9
|
3.5
|
ANNEX 1-B
VOLUME OF PRODUCTION INDEX, OCTOBER 2001 (concluded)
|
Losers
|
Month-on-Month Growth (%)
|
|
|
1994-based
|
1992-based
|
|
Food Manufacturing
|
-5.0
|
-3.8
|
|
Footwear & Wearing Apparel*
|
-16.0
|
n.a.
|
|
Petroleum Refineries
|
-2.8
|
-3.6
|
|
Fabricated Metals*
|
-19.3
|
n.a.
|
|
Transport Equipment
|
-5.9
|
-5.5
|
|
Basic Metals
|
-5.5
|
-0.2
|
|
Textiles
|
-8.6
|
-5.9
|
|
Miscellaneous Manufactures
|
-9.5
|
-6.7
|
|
Paper & Paper Products
|
-9.3
|
-3.9
|
|
Leather Products*
|
-49.6
|
n.a.
|
|
Wood & Wood Products
|
-4.4
|
-5.5
|
|
Machinery Excluding Electrical*
|
-2.4
|
n.a.
|
Note: * - new sectors in the 1994-based series
Sectors are ranked according to their contribution to the overall 1994-based September 2001 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous year same month index less 1.
Month-on-month growth rates are computed by dividing the current month index by previous month index less 1.
ANNEX 2-A
VALUE OF NET SALES, OCTOBER 2001
|
Gainers
|
Year-on-Year Growth (%)
|
|
|
1994-based
|
1985-based
|
|
Food Manufacturing
|
11.8
|
23.5
|
|
Basic Metals
|
17.3
|
17.7
|
|
Fabricated Metal Products*
|
43.0
|
n.a
|
|
Non-Metallic Mineral Products
|
19.9
|
17.6
|
|
Publishing & Printing*
|
30.4
|
n.a.
|
|
Chemicals
|
3.1
|
13.3
|
|
Miscellaneous Manufactures
|
19.7
|
18.7
|
|
Wood & Wood Products
|
3.1
|
10.9
|
|
Losers
|
Year-on-Year Growth (%)
|
|
|
1994-based
|
1985-based
|
|
Electrical Machinery
|
- 14.8
|
- 0.2
|
|
Transport Equipment
|
-21.7
|
-9.6
|
|
Petroleum Products
|
- 7.8
|
-7.8
|
|
Footwear & Wearing Apparel*
|
-22.8
|
n.a.
|
|
Tobacco
|
-16.7
|
- 16.7
|
|
Beverage
|
-8.8
|
-7.8
|
|
Paper & Paper Products
|
-13.3
|
-17.6
|
|
Rubber Products
|
- 33.5
|
-31.6
|
|
Machinery Excluding Electrical*
|
-13.5
|
n.a.
|
|
Textile
|
-4.1
|
-1.2
|
|
Furniture & Fixtures
|
-13.6
|
-2.5
|
|
Leather Products*
|
-57.0
|
n.a.
|
|
Gainers
|
Month-on-Month Growth (%)
|
|
|
1994-based
|
1985-based
|
|
Food Manufacturing
|
6.4
|
3.0
|
|
Electrical Machinery
|
9.8
|
23.0
|
|
Non-Metallic Mineral Products
|
16.3
|
17.0
|
|
Basic Metals
|
8.5
|
7.1
|
|
Paper & Paper Products
|
8.0
|
4.2
|
|
Furniture & Fixtures
|
11.2
|
-7.1
|
|
Fabricated Metal Products*
|
3.7
|
n.a.
|
|
Publishing & Printing*
|
3.6
|
n.a.
|
|
Machinery Excluding Electricals*
|
1.9
|
n.a.
|
|
Miscellaneous Manufactures
|
0.6
|
4.0
|
ANNEX 2-A
VALUE OF NET SALES, OCTOBER 2001 (concluded)
|
Losers
|
Month-on-Month Growth (%)
|
|
|
1994-based
|
1985-based
|
|
Transport Equipment
|
-21.3
|
1.1
|
|
Beverage
|
-17.9
|
-17.7
|
|
Chemicals
|
-2.8
|
-2.0
|
|
Textile
|
-9.0
|
-8.9
|
|
Tobacco
|
-7.6
|
-7.9
|
|
Footwear & Wearing Apparel*
|
-3.8
|
n.a.
|
|
Petroleum Products
|
-1.1
|
-1.1
|
|
Rubber Products
|
-13.5
|
-13.4
|
|
Leather Products*
|
- 52.2
|
n.a.
|
|
Wood & Wood Products
|
-5.5
|
1.2
|
Note: * - new sectors in the 1994-based series
Sectors are ranked according to their contribution to the overall 1994-based September 2001 growth rate.
Year-on-year growth rates are computed by dividing the current month value of net sales by previous year same month value of net sales less 1.
Month-on-month growth rates are computed by dividing the current month value of net sales by previous month value of net sales less 1.
ANNEX 2-B
VOLUME OF NET SALES, OCTOBER 2001
|
Gainers
|
Year-on-Year Growth (%)
|
|
|
1994-based
|
1992-based
|
| |
|
|
|
Food Manufacturing
|
10.4
|
31.2
|
|
Miscellaneous Manufactures
|
115.3
|
-24.6
|
|
Footwear & Wearing Apparel*
|
18.5
|
n.a.
|
|
Fabricated Metal Products*
|
35.3
|
n.a.
|
|
Non-Metallic Mineral Products
|
18.0
|
2.6
|
|
Wood & Wood Products
|
4.1
|
10.7
|
| |
|
|
|
Losers
|
Year-on-Year Growth (%)
|
|
|
1994-based
|
1992-based
|
| |
|
|
|
Electrical Machinery
|
-39.7
|
4.6
|
|
Chemicals
|
-16.1
|
7.7
|
|
Transport Equipment
|
-28.0
|
2.4
|
|
Beverage
|
-21.4
|
-6.3
|
|
Tobacco
|
-30.5
|
-27.5
|
|
Basic Metals
|
-8.0
|
12.9
|
|
Textile
|
-15.4
|
-1.2
|
|
Paper & Paper Products
|
-22.8
|
-21.0
|
|
Petroleum Products
|
-2.4
|
-3.4
|
|
Machinery Excluding Electrical*
|
-21.4
|
n.a.
|
|
Rubber Products
|
-36.1
|
-31.9
|
|
Furniture & Fixtures
|
-26.9
|
-4.7
|
|
Publishing & Printing*
|
-7.0
|
n.a.
|
|
Leather Products*
|
- 33.8
|
n.a.
|
| |
|
|
|
Gainers
|
Month-on-Month Growth (%)
|
|
|
1994-based
|
1992-based
|
| |
|
|
|
Food Manufacturing
|
6.3
|
5.5
|
|
Electrical Machinery
|
9.3
|
22.0
|
|
Basic Metals
|
9.7
|
6.8
|
|
Non-Metallic Mineral Products
|
16.6
|
17.0
|
|
Petroleum Products
|
5.4
|
1.1
|
|
Furniture & Fixtures
|
10.7
|
-7.1
|
|
Fabricated Metal Products*
|
3.7
|
n.a.
|
|
Publishing & Printing*
|
3.6
|
n.a.
|
|
Machinery Excluding Electrical*
|
1.9
|
n.a.
|
|
Miscellaneous Manufactures
|
0.2
|
3.9
|
ANNEX 2-B
VOLUME OF NET SALES, OCTOBER 2001(concluded)
|
Losers
|
Month-on-Month Growth (%)
|
|
|
1994-based
|
1992-based
|
|
Transport Equipment
|
-21.3
|
1.6
|
|
Beverage
|
-17.9
|
-17.7
|
|
Textiles
|
-10.8
|
-9.1
|
|
Chemicals
|
-2.7
|
-1.7
|
|
Footwear & Wearing Apparel*
|
-6.1
|
n.a.
|
|
Tobacco
|
-7.6
|
-7.6
|
|
Rubber Products
|
-13.5
|
-13.4
|
|
Leather Products*
|
-52.2
|
n.a.
|
|
Wood & Wood Products
|
-5.5
|
1.2
|
Note: * - new sectors in the 1994-based series
Sectors are ranked according to their contribution to the overall 1994-based September 2001 growth rate.
Year-on-year growth rates are computed by dividing the current month volume of net sales by previous year same month volume of net sales less 1.
Month-on-month growth rates are computed by dividing the current month volume of net sales by previous month volume of net sales less 1.
ANNEX 3-A
AVERAGE CAPACITY UTILIZATION BY MAJOR SECTOR, OCTOBER 2001
|
Sector
|
1994-based
|
1985-based
|
|
MANUFACTURING
|
77.0
|
77.1
|
|
Food Manufacturing
|
70.6
|
75.7
|
|
Beverage
|
74.9
|
74.5
|
|
Tobacco
|
80.1
|
84.9
|
|
Textile
|
76.6
|
77.3
|
|
Footwear & Wearing Apparel*
|
83.8
|
n.a.
|
|
Wood & Wood Products
|
80.9
|
75.0
|
|
Furniture & Fixtures
|
70.0
|
83.2
|
|
Paper & Paper Products
|
79.7
|
82.1
|
|
Publishing & Printing*
|
81.9
|
n.a.
|
|
Leather Products*
|
44.5
|
n.a.
|
|
Rubber Products
|
83.7
|
83.3
|
|
Chemical Products
|
73.1
|
76.0
|
|
Petroleum Products
|
82.7
|
82.7
|
|
Non-Metallic Mineral Products
|
75.7
|
81.9
|
|
Basic Metals
|
65.3
|
66.4
|
|
Fabricated Metal Products*
|
67.4
|
n.a.
|
|
Machinery Excluding Electrical*
|
94.9
|
n.a.
|
|
Electrical Machinery
|
79.0
|
76.6
|
|
Transport Equipment
|
68.1
|
65.9
|
|
Miscellaneous Manufactures
|
81.5
|
84.0
|
Note: * - new sectors in the 1994-based series
|
