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Release Date :
Reference Number :
2005-084

   

Total Manufacturing       October 2005             September 2005      
  Year-on-Year Growth  
      Production Index  
            Value(VaPI) 13.9 10.3r
            Volume(VoPI) 4.6 -4.5r
      Net Sales Index    
            Value 8.7 8.3r
            Volume 0.5 -3.3r
      Producer's Price Index 13.7 15.5r
  Average Capacity Utilization           80.4 80.3

                    r -revised

 

  • Value of Production Index moves upward

    Value of Production Index (VaPI) for the manufacturing industry continued to pick up at 13.9 percent in October 2005 compared with a year-ago figure, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Petroleum products contributed significant increment of 53.2 percent, while double-digit increases were also noted in the following sectors: chemical products, furniture and fixtures, miscellaneous manufactures, electrical machinery, food manufacturing and textiles.. Refer to Tables 1-A and 1. 1.

    On a monthly basis, VaPI in October 2005 went up by 6.7 percent with the following major sectors attributing to the growth: petroleum products, machinery excluding electrical, non-metallic mineral products and electrical machinery.. Refer to Tables 1-A and 1.

  • Volume of Production Index (VoPI) recovers

    Volume of Production Index (VoPI) on a year-on-year basis stepped up by 4.6 percent in October 2005 from a drop of (revised) 4.5 percent recorded during the previous month. Sectors that reported substantial increases in production were furniture and fixtures, petroleum products, chemical products, miscellaneous manufactures and food manufacturing.Refer to Tables 2 and 1-B.

    VoPI on a monthly comparison likewise went up by 8.0 percent in October 2005. Significant increases were noted in the following sectors: electrical machinery, non-metallic mineral products, machinery excluding electrical and petroleum products. Refer to Tables 2 and 1-B.

  • Value of Net Sales grows further

    Value of Net Sales registered a year-on-year increase of 8.7 percent in October 2005. This was brought about by the two-digit sales increase in the following sectors: furniture and fixtures, petroleum products, leather products, chemical products, food manufacturing and basic metals. Refer to Tables 2-A and 3.

    On a month-on-month basis, Value of Net Sales also reflected an increment at 3.1 percent in October 2005. The increase was mainly due to the sales improvement of beverages, posting a 12.0 percent growth.Refer to Tables 2-A and 3.

  • Volume of Net Sales rises

    Net Sales Volume on a year-on-year comparison recovered at a slower rate of 0.5 percent from its (revised) 3.3 percent decline in September 2005. Sectors that exhibited significant increases were furniture and fixtures, footwear and wearing apparel, paper and paper products, leather products, chemical products and food manufacturing.Refer to Tables 2-B and 4.

    Net Sales Volume on a monthly basis continued to grow as it posted an increase of 3.6 percent in October 2005. Significant increments were observed in electrical machinery and beverages. Refer to Tables 2-B and 4.

Producer?s Price Index (PPI) continues its double-digit growth

Producer?s Price Index (PPI) for manufacturing maintained its double-digit increase, registering 13.7 percent in October 2005. Double-digit price increases were observed in the following sectors: petroleum products, machinery excluding electrical, publishing and printing, basic metals and electrical machinery.Refer to Table 5.

On a monthly basis, PPI also reflected an increment of 3.1 percent in October 2005. Among 20 the major sectors, petroleum products registered the highest increase of 3.9 percent. Other sectors that contributed to the increase were electrical machinery, machinery excluding electrical, transport equipment, textiles, basic metals, non-metallic mineral products and rubber products.Refer to Table 5.

  •  
  • Capacity Utilization

    Average capacity utilization in October 2005 for total manufacturing was estimated at 80.4 percent. Sectors that registered more than 80% capacity utilization rates were the following: machinery excluding electrical, petroleum products, electrical machinery, miscellaneous manufactures, paper and paper products, leather products, rubber products, basic metals, food manufacturing and chemical products.Refer to Table 6..

    The proportion of establishments that operated at full capacity (90%-100%) was 12.4 percent in October 2005. More than half or 53.9 percent of the establishments operated at 70%-89% capacity and 33.7 percent of the establishments operated below 70% capacity.

    Distribution of Key Manufacturing Establishments by Capacity Utilization
    Total Manufacturing, October 2005

    (In percent)

                Capacity Utilization                      Percent Share         
    Below 50 percent 5.8
    50 percent - 59 percent 9.5
    60 percent - 69 percent 18.4
    70 percent - 79 percent 19.2
    80 percent - 89 percent 34.7
    90 percent - 100 percent 12.4

  • Response Rate

    The response rate for October 2005 is 88.9 percent, which corresponds to the retrieval of 463 sample establishments? reports.Refer to Table 7.

    Response Rates for Total Manufacturing
    (In percent)

              October 2005                     September 2005          
    (revised)
    88.9 94.8

  • Technical Notes

    Starting 2004, weights for the Producer?s Price Index (PPI) are based from the results of the 2000 Census of Philippine Business and Industry (CPBI) for establishments with average total employment (ATE) of 20 and over. Reference year for the 2000 CPBI is 1999. Refer to Press Release on Revision of 2004 PPI weights..

    Data of non-responding 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 2005 - October 2005
    (1994 =100)

                                Gainers                                       Year-on-Year Growth (percent)          
    October 2005 September 2005
    (revised)
     

    Petroleum Products

    53.2

    32.9

    Food Manufacturing

    13.3

    4.9

    Chemical Products

    21.0

    23.2

    Electrical Machinery

    15.9

    7.4

    Textiles

    11.3

    5.8

    Miscellaneous Manufactures

    16.3

    13.0

    Furniture and Fixtures

    18.2

    33.2

    Beverages

    1.9

    -0.1

    Rubber Products

    5.2

    10.9

    Leather Products*

    2.6

    89.1

     
    Losers           Year-on-Year Growth (percent)          
    October 2005 September 2005
    (revised)
     

    Basic Metals

    -18.1

    -3.5

    Wood and Wood Products

    -71.1

    -47.8

    Non-Metallic Mineral Products

    -10.8

    -0.7

    Machinery Excluding Electrical*

    -25.6

    -27.0

    Transport Equipment

    -5.2

    0.0

    Footwear and Wearing Apparel*

    -4.7

    -17.0

    Publishing and Printing*

    -14.5

    0.5

    Tobacco

    -5.5

    5.9

    Fabricated Metal Products*

    -9.3

    4.5

    Paper and Paper Products

    -4.9

    -9.9

    TABLE 1-A. VALUE OF PRODUCTION INDEX, September 2005 - October 2005
    (concluded)
    (1994=100)

                                Gainers                                   Month-on-Month Growth (percent)      
    October 2005 September 2005
    (revised)
     

    Petroleum Products

    16.5

    -0.8

    Electrical Machinery

    10.7

    10.9

    Food Manufacturing

    5.1

    2.1

    Non-Metallic Mineral Products

    14.3

    -8.7

    Beverages

    7.2

    12.7

    Machinery Excluding Electrical*

    14.9

    -8.1

    Textiles

    4.4

    -7.6

    Fabricated Metal Products*

    6.4

    -5.1

    Miscellaneous Manufactures

    8.0

    2.3

    Transport Equipment

    0.6

    -5.7

    Tobacco

    0.2

    -2.6

    Chemical Products

    0.1

    5.6

     
    Losers       Month-on-Month Growth (percent)      
    October 2005 September 2005
    (revised)
     

    Wood and Wood Products

    -41.4

    8.8

    Footwear and Wearing Apparel*

    -4.7

    -1.5

    Publishing and Printing*

    -11.5

    6.8

    Furniture and Fixtures

    -12.9

    13.5

    Paper and Paper Products

    -3.7

    -6.1

    Leather Products*

    -38.4

    -13.0

    Basic Metals

    -0.8

    -3.8

    Rubber Products

    -3.7

    7.6


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

    Sectors are ranked according to their contribution to the overall 1994-based October 2005 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 2005 - October 2005
    (1994 = 100)

                                Gainers                                       Year-on-Year Growth (percent)          
    October 2005 September 2005
    (revised)
     

    Food Manufacturing

    10.6

    2.2

    Petroleum Products

    15.7

    -0.4

    Chemical Products

    12.6

    15.7

    Electrical Machinery

    5.1

    -25.8

    Footwear and Wearing Apparel*

    6.7

    -8.6

    Textiles

    8.8

    4.4

    Furniture and Fixtures

    21.6

    27.0

    Miscellaneous Manufactures

    11.0

    6.7

    Rubber Products

    4.2

    9.7

    Paper and Paper Products

    1.2

    -9.9

     
    Losers           Year-on-Year Growth (percent)          
    October 2005 September 2005
    (revised)
     

    Basic Metals

    -27.3

    -14.8

    Wood and Wood Products

    -71.9

    -50.8

    Non-Metallic Mineral Products

    -16.6

    -8.7

    Machinery Excluding Electrical*

    -41.7

    -42.4

    Tobacco

    -12.3

    -1.7

    Publishing and Printing*

    -29.7

    -17.3

    Transport Equipment

    -3.7

    1.2

    Fabricated Metal Products*

    -4.7

    4.4

    Beverages

    -1.3

    -3.5

    Leather Products*

    -5.5

    75.2

    TABLE 1-B. VOLUME OF PRODUCTION INDEX, September 2005 - October 2005
    (concluded)
    (1994=100)

                                Gainers                                   Month-on-Month Growth (percent)      
    October 2005 September 2005
    (revised)
     

    Electrical Machinery

    19.6

    -7.2

    Petroleum Products

    12.1

    -5.1

    Food Manufacturing

    5.6

    2.1

    Non-Metallic Mineral Products

    14.2

    -10.6

    Beverages

    7.6

    13.1

    Machinery Excluding Electrical*

    14.2

    -8.9

    Fabricated Metal Products*

    6.4

    -5.1

    Textiles

    3.8

    -7.1

    Miscellaneous Manufactures

    8.9

    2.4

    Chemical Products

    0.1

    5.0

    Tobacco

    0.2

    -2.6

    Transport Equipments

    0.1

    -4.5

     
    Losers           Month-on-Month Growth (percent)          
    October 2005 September 2005
    (revised)
     

    Wood and Wood Products

    -41.3

    8.3

    Footwear and Wearing Apparel*

    -4.7

    -1.5

    Publishing and Printing*

    -11.5

    6.8

    Basic Metals

    -1.3

    -3.5

    Paper and Paper Products

    -3.3

    -6.7

    Furniture and Fixtures

    -9.8

    13.1

    Leather Products*

    -38.4

    -13.0

    Rubber Products

    -3.8

    6.8


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

    Sectors are ranked according to their contribution to the overall 1994-based October 2005 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 2005 - October 2005
    (1994=100)

                                Gainers                                       Year-on-Year Growth (percent)          
    October 2005 September 2005
    (revised)
     

    Petroleum Products

    35.2

    28.9

    Food Manufacturing

    13.5

    -2.4

    Chemical Products

    20.0

    14.5

    Basic Metals

    12.4

    24.2

    Transport Equipment

    4.8

    5.4

    Furniture and Fixtures

    38.0

    50.5

    Footwear and Wearing Apparel*

    4.5

    8.9

    Electrical Machinery

    1.3

    8.3

    Paper and Paper Products

    7.0

    -1.5

    Beverages

    1.6

    -4.6

    Leather Products*

    21.9

    93.2

    Rubber Products

    3.8

    5.3

     
    Losers           Year-on-Year Growth (percent)          
    October 2005 September 2005
    (revised)
     

    Non-Metallic Mineral Products

    -24.7

    3.4

    Wood and Wood Products

    -65.8

    -53.3

    Fabricated Metal Products*

    -21.4

    5.0

    Machinery Excluding Electrical*

    -25.6

    -14.3

    Textiles

    -10.1

    -16.1

    Miscellaneous Manufactures

    -20.1

    12.8

    Tobacco

    -5.4

    18.0

    Publishing and Printing*

    -5.7

    -2.8

    TABLE 2-A. VALUE OF NET SALES, September 2005 - October 2005 (concluded)
    (1994=100)

                                Gainers                                   Month-on-Month Growth (percent)      
    October 2005 September 2005
    (revised)
     

    Food Manufacturing

    6.7

    -2.4

    Petroleum Products

    8.5

    11.0

    Beverages

    12.0

    9.1

    Electrical Machinery

    4.0

    13.4

    Non-Metallic Mineral Products

    7.6

    -5.0

    Textiles

    6.7

    -13.3

    Chemical Products

    1.1

    14.3

    Rubber Products

    5.3

    -2.1

    Publishing and Printing*

    0.6

    -30.2

    Paper and Paper Products

    0.0

    -5.1

     
    Losers       Month-on-Month Growth (percent)      
    October 2005 September 2005
    (revised)
     

    Tobacco

    -17.5

    -0.1

    Wood and Wood Products

    -25.0

    7.5

    Basic Metals

    -3.0

    -3.4

    Transport Equipment

    -1.1

    0.9

    Furniture and Fixtures

    -8.6

    20.6

    Leather Products*

    -25.9

    1.6

    Miscellaneous Manufactures

    -1.1

    4.6

    Footwear and Wearing Apparel*

    -0.3

    3.2

    Fabricated Metal Products*

    -0.2

    -13.2

    Machinery Excluding Electrical*

    -0.1

    2.5


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

    Sectors are ranked according to their contribution to the overall 1994-based October 2005 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 2005 - October 2005
    (1994=100)

                                Gainers                                       Year-on-Year Growth (percent)          
    October 2005 September 2005
    (revised)
     

    Food Manufacturing

    10.7

    -5.0

    Chemical Products

    11.7

    7.5

    Footwear and Wearing Apparel*

    16.9

    20.0

    Transport Equipment

    6.4

    6.7

    Paper and Paper Products

    13.9

    -1.5

    Furniture and Fixtures

    42.1

    43.6

    Petroleum Products

    2.1

    -3.4

    Rubber Products

    2.8

    4.2

    Leather Products*

    12.3

    79.0

     
    Losers           Year-on-Year Growth (percent)          
    October 2005 September 2005
    (revised)
     

    Non-Metallic Mineral Products

    -29.7

    -4.9

    Electrical Machinery

    -8.1

    -25.2

    Wood and Wood Products

    -66.7

    -55.9

    Machinery Excluding Electrical*

    -41.7

    -32.4

    Tobacco

    -12.2

    9.5

    Textiles

    -12.2

    -17.2

    Fabricated Metal Products*

    -17.4

    4.9

    Publishing and Printing*

    -22.4

    -20.1

    Miscellaneous Manufactures

    -23.7

    6.4

    Beverages

    -1.5

    -7.8

    Basic Metals

    -0.2

    9.7

    TABLE 2-B. VOLUME OF NET SALES, September 2005 - October 2005 (concluded)
    (1994=100)

                                Gainers                                   Month-on-Month Growth (percent)      
    October 2005 September 2005
    (revised)
     

    Electrical Machinery

    12.4

    -5.1

    Food Manufacturing

    7.2

    -2.5

    Beverages

    12.4

    9.4

    Petroleum Products

    4.4

    6.2

    Non-Metallic Mineral Products

    7.5

    -7.0

    Textiles

    6.1

    -12.9

    Chemical Products

    1.1

    13.7

    Rubber Products

    5.2

    -2.9

    Paper and Paper Products

    0.4

    -5.7

    Publishing and Printing*

    0.6

    -30.2

     
    Losers       Month-on-Month Growth (percent)      
    October 2005 September 2005
    (revised)
     

    Tobacco

    -17.5

    -0.1

    Wood and Wood Products

    -24.9

    7.0

    Basic Metals

    -3.4

    -3.1

    Transport Equipment

    -1.7

    2.1

    Leather Products*

    -25.9

    1.6

    Furniture and Fixtures

    -5.4

    20.2

    Footwear and Wearing Apparel*

    -0.3

    3.2

    Machinery Excluding Electrical*

    -0.7

    1.6

    Miscellaneous Manufactures

    -0.3

    4.7

    Fabricated Metal Products*

    -0.2

    -13.2


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

    Sectors are ranked according to their contribution to the overall 1994-based October 2005 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.


    Source:   National Statistics Office
                     Manila, Philippines

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