Monthly Integrated Survey of Selected Industries : October 2001

Reference Number: 

2001-087

Release Date: 

Thursday, December 27, 2001

 

·  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.

Figure 1

·  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

 

Figure 5

·  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

 

 

(Sgd.) CARMELITA N. ERICTA
Administrator

 

Source: National Statistics Office
Manila, Philippines
 

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