Monthly Integrated Survey of Selected Industries : October 2003

Reference Number: 

2003-99

Release Date: 

Tuesday, December 30, 2003

 

Total manufacturing October 2003 September 2003
  Year-on-Year Growth  
      Production Index  
Value(VaPI) 3.6 3.6r
Volume(VoPI) -4.0 -3.2r
Net Sales Index    
Value 9.8 8.0r
Volume 1.1 -0.4r
Producer's Price Index 7.9 7.1
  Average Capacity Utilization 78.9 77.7r

 

·  Value of Production Index (VaPI) exhibits growth

Value of Production Index (VaPI) of the manufacturing industry continued to pick up at 3.6 percent in October 2003 compared with year-ago figure, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Basic metals led all sectors with an increase of 216.2 percent, followed by textile and miscellaneous manufactures sectors (see Table 1-A).

VaPI, on a month-on-month comparison, bounced back with a 2.2 percent growth from the previous month�s (revised) 0.1 percent decline. The turnaround was due to the notable increase in the following sectors: electrical machinery, rubber products, nonmetallic mineral products, food manufacturing, tobacco and paper and paper products (see Table 1-A).

·  Volume of Production Index (VoPI) still down

On a year-on-year basis, Volume of Production Index (VoPI) continued its downtrend with a decrease of 4.0 percent in October 2003. Sectors contributing to the lower production were the following: leather products, tobacco, footwear and wearing apparel, nonmetallic mineral products, paper and paper products, chemical products and fabricated metal products (see Table 1-B).

However, VoPI on a monthly comparison registered a 1.0 percent jump in October 2003 from its (revised) 1.5 percent slump in the previous month. Double-digit expansions in production were reported by the following sectors: rubber products, electrical machinery, nonmetallic mineral products, food manufacturing, tobacco and paper and paper products (see Annex 1-B).

 

 

·  Value of Net Sales continues upbeat trend

Value of Net Sales continued to step up at 9.8 percent over the year ago figure. This was boosted by the double-digit increases of the following sectors: basic metals, non- metallic mineral products, publishing and printing, electrical machinery, petroleum products, furniture and fixtures, machinery excluding electrical and miscellaneous manufactures (see Table 2-A).

On a monthly basis, Value of Net Sales grew by a slim 0.8 percent from the previous months decrease of (revised) 1.0 percent. This was brought about by observed increments in the following sectors: basic metals, nonmetallic mineral products, rubber products, leather products, furniture and fixtures andtobacco (see Table 2-A).

 

 

·  Net Sales Volume expands

On a year-on-year basis, Net Sales Volume went up by 1.1 percent from a (revised) 0.4 percent drop in September 2003. Major contributors to the increase were the following sectors: basic metals, wood and wood products, publishing and printing, furniture and fixtures, machinery excluding electrical and nonmetallic mineral products (see Table 2-B).

Compared to the previous month, Volume of Net Sales posted a slight increase of 0.2 percent from a decrease of (revised) 1.9 percent recorded in September 2003. The growth could be attributed to the improved sales performance of the following sectors: basic metals, nonmetallic mineral products, rubber products, leather products, furniture and fixtures and tobacco (see Table 2-B)..

·  Producers Price Index (PPI) registers increase

Producers Price Index (PPI) for total manufacturing on a year-on-year comparison posted an increment of 7.9 percent in October 2003. Footwear and wearing apparel topped all sectors with an increase of 24.9 percent. Other sectors with double-digit increases were: chemical products, electrical machinery, leather products, and paper and paper products (see Table 5).

On a monthly basis, PPI for total manufacturing also went up at a slower rate of 1.1 percent in October 2003. The top four sectors that contributed to the increase were as follows: electrical machinery, footwear and wearing apparel, petroleum products and textile (see Table 5).

 

·  Capacity Utilization

Average capacity utilization in October 2003 for total manufacturing was estimated at 78.9 percent. Seven (7) sectors posted more than 80% capacity utilization rate, as follows: machinery excluding electrical, miscellaneous manufactures, petroleum products, electrical machinery, paper and paper products, textile and rubber products (see Table 6).

The proportion of responding establishments that operated at full capacity (90%-100%) in October 2003 was 14.1 percent. About 52.4 percent of the responding establishments operated at 70%-89% capacity and 33.5 percent of the establishments operated below 70% capacity.

Distribution of Key Manufacturing Establishments
by Capacity Utilization
Total Manufacturing, October 2003

(In percent)

Capacity Utilization   

1994-based

Below 50 percent

10.0

50 percent - 59 percent

9.0

60 percent - 69 percent

14.5

70 percent - 79 percent

22.8

80 percent - 89 percent

29.6

90 percent - 100 percent

14.1

 

                                            Note: Details may not add up to 100 due to rounding.

·  Response Rate

The response rate for October 2003 is 84.7 percent, which corresponds to the retrieval of 471 sample establishments reports (see Table 7)..

Response Rates for Total Manufacturing
(In percent)

October 2003

September 2003
(revised)

84.7

94.8

 

·  Technical Notes

Data of nonresponding sample establishments are estimated based on previous records and other available sources. Revisions to the preliminary estimates are done upon receipt of actual reports of late respondents.

 

 

(Sgd.) CARMELITA N. ERICTA
Administrator


 

TABLE 1-A. VALUE OF PRODUCTION INDEX, September  October 2003
(1994 =100)

                            Gainers                            

          Year-on-Year Growth (percent)          

October 2003

September 2003
(revised)

Basic metals

216.2

199.1

Electrical machinery

8.0

-13.0

Textile

22.5

23.9

Chemical products

4.3

11.0

Beverage

4.1

-13.9

Miscellaneous manufactures

15.3

14.1

Petroleum products

0.9

15.8

Furniture and fixtures

7.4

-0.6

Rubber products

5.8

-7.2

Publishing and printing*

0.2

-1.4

 

Losers

          Year-on-Year Growth (percent)          

October 2003

September 2003
(revised)

Tobacco

-53.5

-57.0

Food manufacturing

-6.1

-10.3

Footwear and wearing apparel*

-12.5

-19.4

Nonmetallic mineral products

-13.9

-14.1

Transport equipment

-3.9

7.0

Fabricated metal products*

-8.6

-22.7

Leather products*

-96.8

-96.1

Wood and wood products

-10.6

11.5

Paper and paper products

-3.9

6.5

Machinery, excluding electrical*

-0.9

26.8

 

TABLE 1-A. VALUE OF PRODUCTION INDEX, September - October 2003 
(concluded)
(1994=100)

Gainers                            

Month-on-Month Growth (percent)   

October 2003

September 2003
(revised)

Electrical machinery

26.8

-18.1

Food manufacturing

11.7

-5.8

Nonmetallic mineral products

16.5

-7.6

Tobacco

10.7

-35.8

Paper and paper products

10.4

-14.2

Rubber products

19.8

-12.5

Beverage

1.7

15.6

Fabricated metal products*

3.6

-9.7

Publishing and printing*

1.5

-6.7

Furniture and fixtures

2.3

-2.7

Miscellaneous manufactures

0.7

4.4

 

Losers

      Month-on-Month Growth (percent)      

October 2003

September 2003
(revised)

Petroleum products

-10.8

12.5

Transport equipment

-14.1

13.3

Chemical products

-1.9

7.5

Wood and wood products

-19.8

0.8

Machinery, excluding electrical*

-6.7

6.7

Basic metals

-1.4

5.8

Footwear and wearing apparel*

-1.8

-11.7

Leather products*

-21.4

-93.8

Textile

-0.9

2.3

 

Note: * - new sectors in the 1994-based series

Sectors are ranked according to their contribution to the overall 1994-based October 2003 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.

TABLE 1-B. VOLUME OF PRODUCTION INDEX, September  October 2003
(1994 = 100)

Gainers                            

          Year-on-Year Growth (percent)          

October 2003

September 2003
(revised)

Basic metals

193.5

178.5

Textile

19.9

21.2

Wood and wood products

29.2

62.7

Miscellaneous manufactures

11.2

7.9

Beverage

1.6

-16.4

Rubber products

12.2

-1.5

Furniture and fixtures

6.1

-1.2

Publishing and printing*

0.2

-1.4

 

Losers

          Year-on-Year Growth (percent)          

October 2003

September 2003
(revised)

Food manufacturing

-9.2

-14.7

Tobacco

-53.5

-57.0

Chemical products

-12.9

-7.6

Footwear and wearing apparel*

-29.9

-32.6

Electrical machinery

-8.4

-22.0

Petroleum products

-7.4

3.2

Nonmetallic mineral products

-25.5

-20.8

Paper and paper products

-17.0

-9.2

Transport equipment

-4.1

6.3

Fabricated metal products*

-10.4

-24.2

Leather products*

-97.3

-96.4

Machinery, excluding electrical*

-2.2

25.3

 

TABLE 1-B. VOLUME OF PRODUCTION INDEX, September  October 2003
(concluded)
(1994=100)

                            Gainers                            

      Month-on-Month Growth (percent)      

October 2003

September 20033
(revised)

Food manufacturing

13.6

-6.6

Electrical machinery

19.1

-23.7

Nonmetallic mineral products

15.4

-8.9

Tobacco

10.7

-35.8

Paper and paper products

10.7

-14.1

Rubber products

19.8

-12.8

Beverage

1.7

15.3

Fabricated metal products*

3.6

-9.7

Publishing and printing*

1.5

-6.7

Furniture and fixtures

2.3

-2.8

Miscellaneous manufactures

0.8

4.1

 

Losers

          Month-on-Month Growth (percent)          

October 2003

September 2003
(revised)

Petroleum products

-11.7

12.7

Transport equipment

-13.8

13.3

Footwear and wearing apparel*

-5.0

-10.8

Wood and wood products

-19.8

0.5

Chemical products

-1.8

8.1

Machinery, excluding electrical*

-6.7

6.7

Basic metals

-1.3

5.9

Textile

-1.6

1.6

Leather products*

-21.4

-93.8

 

Note: * - new sectors in the 1994-based series

Sectors are ranked according to their contribution to the overall 1994-based October 2003 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.

TABLE 2-A. VALUE OF NET SALES, September - October 2003
(1994=100)

Gainers                       

Year-on-Year Growth (percent)         

October 2003

September 2003
(revised)

Basic metals

92.3

71.1

Electrical machinery

27.7

27.4

Petroleum products

17.2

18.8

Nonmetallic mineral products

28.2

10.9

Publishing and printing*

27.8

28.9

Beverage

5.4

-8.5

Chemical products

2.5

12.0

Textile

8.2

15.8

Machinery, excluding electrical*

15.2

32.4

Miscellaneous manufactures

10.7

12.0

Furniture and fixtures

15.7

-11.3

 

Losers

          Year-on-Year Growth (percent)          

October 2003

September 2003
(revised)

Food manufacturing

-8.7

-11.3

Tobacco

-33.6

-41.3

Transport equipment

-11.6

2.3

Footwear and wearing apparel*

-9.0

-20.9

Leather products*

-100.0

-100.0

Paper and paper products

-6.5

-7.3

Wood and wood products

-10.8

-22.3

Rubber products

-11.9

-10.2

Fabricated metal products*

-0.7

-5.5

 

TABLE 2-A. VALUE OF NET SALES, September - October 2003 (concluded)
(1994=100)

Gainers                           

Month-on-Month Growth (percent)      

October 2003

September 2003
(revised)

Basic metals

29.8

-10.0

Nonmetallic mineral products

19.0

-8.2

Food manufacturing

2.5

-1.9

Tobacco

10.7

-17.3

Petroleum products

1.5

-0.8

Rubber products

17.3

-6.7

Furniture and fixtures

16.5

1.6

Wood and wood products

3.1

-16.3

Leather products*

17.0

-95.7

Publishing and printing*

1.4

-5.2

 

Losers

Month-on-Month Growth (percent)      

October 2003

September 2003
(revised)

Electrical machinery

-14.7

0.3

Chemical products

-5.2

6.2

Transport equipment

-2.9

2.4

Fabricated metal products*

-8.7

5.8

Textile

-5.1

-2.0

Beverage

-1.3

13.8

Miscellaneous manufactures

-4.9

6.2

Footwear and wearing apparel*

-0.5

-7.8

Paper and paper products

-0.8

-2.0

Machinery, excluding electrical*

-0.8

-4.6

 

Note: * - new sectors in the 1994-based series

Sectors are ranked according to their contribution to the overall 1994-based October 2003 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.

TABLE 2-B. VOLUME OF NET SALES, September  October 2003
(1994=100)

Gainers                            

Year-on-Year Growth (percent)         

October 2003

September 2003
(revised)

Basic metals

78.5

59.3

Petroleum products

7.7

5.9

Electrical machinery

8.3

14.2

Nonmetallic mineral products

10.9

2.3

Publishing and printing*

27.8

28.9

Wood and wood products

28.9

13.4

Machinery, excluding electrical*

13.8

30.8

Textile

5.9

13.2

Beverage

2.8

-11.2

Furniture and fixtures

14.3

-11.8

Miscellaneous manufactures

6.8

6.0

 

Losers

          Year-on-Year Growth (percent)          

October 2003

September 2003
(revised)

Food manufacturing

-11.6

-15.6

Chemical products

-14.4

-6.8

Footwear and wearing apparel*

-27.1

-33.9

Tobacco

-33.6

-41.3

Transport equipment

-11.8

1.6

Paper and paper products

-19.3

-20.9

Leather products*

-100.0

-100.0

Fabricated metal products*

-2.6

-7.3

Rubber products

-6.5

-4.7

 

TABLE 2-B. VOLUME OF NET SALES, September  October 2003 (concluded)
(1994=100)

Gainers                          

Month-on-Month Growth (percent)      

October 2003

September 2003
(revised)

Basic metals

29.9

-9.8

Food manufacturing

4.2

-2.8

Nonmetallic mineral products

17.9

-9.5

Tobacco

10.7

-17.3

Rubber products

17.3

-7.0

Furniture and fixtures

16.6

1.6

Petroleum products

0.4

-0.7

Wood and wood products

3.1

-16.5

Leather products*

17.0

-95.7

Publishing and printing*

1.4

-5.2

 

Losers

      Month-on-Month Growth (percent)      

October 2003

September 2003
(revised)

Electrical machinery

-19.9

-6.5

Chemical products

-5.1

6.8

Textile

-5.7

-2.7

Footwear and wearing apparel*

-3.8

-6.9

Fabricated metal products*

-8.7

5.8

Transport equipment

-2.7

2.5

Beverage

-1.3

13.6

Miscellaneous manufactures

-4.8

6.0

Machinery, excluding electrical*

-0.8

-4.6

Paper and paper products

-0.6

-1.9

 

Note: * - new sectors in the 1994-based series 
 
1/ - Less than 0.1 percent decrease.

Sectors are ranked according to their contribution to the overall 1994-based October 2003 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.


Source:   National Statistics Office
                 Manila, Philippines

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