Monthly Integrated Survey of Selected Industries : October 2008

Reference Number: 

2008-093

Release Date: 

Tuesday, December 23, 2008

 

Total Manufacturing

   October 2008    

September 2008

 

 

Year-on-Year Growth

 

 

    Production Index (2000=100)

 

     

 

            Value         (VaPI)

9.3

13.6r

     

 

            Volume     (VoPI)

2.2

6.3r

     

 

    Net Sales Index (2000=100)

 

     

 

            Value        (VaNSI)

3.8

6.5r

     

 

            Volume     (VoNSI)

-3.0

0.6r

     

 

    Producer Price Index (2000=100)

7.0r

6.9r

     

 

    AVERAGE CAPACITY UTILIZATION

81.6

81.5r

     

 

                         r-revised
                                         

·  Value of Production maintains positive growth in October 2008

Value of Production Index (VaPI) for the manufacturing industry reflected an increment of 9.3 percent in October 2008 compared with the year-ago figure, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Nine major sectors accounted for the significant growth in production led by leather products (35.5%), fabricated metal products (30.4%) and petroleum products (29.5%). Refer to Tables 1-A and 1.

On a month-on-month basis, VaPI also grew at a slower rate of 1.1 percent in October 2008. Only three major sectors exhibited two-digit increases in production values, namely: wood and wood products, leather products, and food manufacturing Refer to Tables 1-A and 1.

·  Volume of Production likewise grows in October 2008

Volume of Production Index (VoPI), on year on year basis, recorded a slower growth rate of 2.2 percent in October 2008. The two-digit increments reported by four major sectors were sizeable enough to offset the decreases registered in production volume of nine industry groups Refer to Tables 1-B and 2.

VoPI, likewise, maintained a month-on-month growth of 1.3 percent in October 2008. This was due to the increases in production output observed in twelve major sectors, with two-digit growth observed in the following: food manufacturing, wood and wood products, and leather products. Refer to Tables 1-B and 2.

·  Value of Net Sales posts positive growth in October 2008

On a year-on-year basis, Value of Net Sales Index (VaNSI) gained by 3.8 percent in October 2008. This was accounted for by the two-digit increases reported by five major sectors namely: petroleum products, fabricated metal products, non-metallic mineral products and leather products. Refer to Tables 2-A and 3.

On the other hand, VaNSI on a monthly basis decreased by 0.3 percent in October 2008.This was mainly due to the sluggish performance in sales of eleven major sectors led by basic metals Refer to Tables 2-A and 3.

·  Volume of Net Sales decelerates in October 2008

Volume of Net Sales Index (VoNSI), on a yearly comparison, registered a decline of 3.0 percent in October 2008. Thirteen of the 20 major sectors posted decreases in sales volume, with two-digit increases registered by the following: machinery except electrical, textiles, transport equipment, basic metals, publishing and printing, footwear and wearing apparel, wood and wood products, furniture and fixtures, miscellaneous manufactures, and paper and paper products Refer to Tables 2-B and 4.

On a monthly basis, VoNSI remained flat in October 2008. Nine major sectors reported increases led by machinery except electrical and food manufacturing, while eleven major sectors posted declines in sales volume. Refer to Tables 2-B and 4.

 

·  Capacity Utilization

Average capacity utilization in October 2008 for total manufacturing was estimated at 81.6 percent. Ten major sectors that registered capacity utilization rates of 80% and more were the following: basic metals, petroleum products, food manufacturing, leather products, paper and paper products, miscellaneous manufactures, electrical machinery, chemical products (excluding plastic products), rubber and plastic products, and footwear and wearing apparel Refer to Table 6.

The proportion of establishments that operated at full capacity (90% to 100%) was 10.8 percent in October 2008. More than half or 61.5 percent of the establishments operated at 70% to 89% capacity while 27.7 percent of the establishments operated below 70% capacity.

Distribution of Key Manufacturing Establishments by Capacity Utilization
Total Manufacturing, October 2008

(In percent)

Capacity Utilization

Percent Share

Below 50 percent

4.6

50 percent - 59 percent

6.8

60 percent - 69 percent

16.3

70 percent - 79 percent

21.8

80 percent - 89 percent

39.7

90 percent - 100 percent

10.8

 

·  Response Rates

The response rates for the October 2008 MISSI and PPS are 92.0 percent and 94.8 percent, respectively. Refer to Tables 7 and 8

Response Rates for Total Manufacturing
(In percent)

 

October 2008

September 2008
(revised)

MISSI

92.0

97.9r

PPS

94.8r

96.8r

 

                                                     r-revised

·  Technical Notes

Only the 2000 based series will be continued beginning the July 2008 issue.

Starting with the February 2008 issue, a revised industry disaggregation of the MISSI indices and PPI will be adopted to conform to the 1994 PSIC groupings. Rubber and Plastic Products is a new major sector, consisting of two subsectors, namely: Rubber Products and Plastic Products. Rubber Products was previously a major sector while Plastic Products was one of the sub-sectors of Chemical Products.

With previously seven (7) subsectors, the major sector of Chemical Products has now six (6) subsectors, namely: Basic Chemicals and Industrial Gases, Fertilizers, Paints, Drugs and Medicines, Cosmetics and Toilet Preparations, and Miscellaneous Chemicals.

The major sector of Machinery except Electrical has been split into two subsectors, namely: Machinery and Equipment, n.e.c. and Office, Accounting and Computing Machinery.

The corresponding weights of the above major sectors and sub-sectors have been recomputed to allow for the revised computation of the indices.

Thus, beginning the February issue, the VaPI, VoPI, VaNSI, VoNSI and the revised PPI for Total Manufacturing for all months of 2008 are computed based on the revised industry disaggregation.

Starting 2008, weights for the PPI and Capacity Utilization Rates are based from the results of the 2005 Annual Survey of Philippine Business and Industry for manufacturing establishments with average total employment of 20 and over.

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 2008 - October 2008
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

October 2008

September 2008
(revised)

 

 

 

Food Manufacturing

19.7

19.2

 

Petroleum Products

29.5

65.7

 

Electrical Machinery

8.8

-1.1

 

Chemical Products (excluding Plastic Products)

11.6

8.9

 

Beverages

15.7

36.4

 

Non-Metallic Mineral Products

17.2

14.8

 

Fabricated Metal Products

30.4

2.5

 

Footwear and Wearing Apparel

11.9

1.2

 

Tobacco Products

14.5

21.4

 

Leather Products

35.5

5.5

 

Rubber and Plastic Products*

2.3

12.3

 

Wood and Wood Products

6.1

-8.6

 

 

 

 

 

Losers

Year-on-Year Growth (%)

October 2008

September 2008
(revised)

 

Machinery Except Electrical

-40.9

-37.2

Transport Equipment

-15.0

-17.3

Miscellaneous Manufactures

-29.0

-32.6

Textiles

-12.1

-13.1

Paper and Paper Products

-8.5

10.7

Furniture and Fixtures

-14.1

-14.1

Publishing and Printing

-8.6

-14.7

Basic Metals

-1.2

18.9

 

 

TABLE 1-A. VALUE OF PRODUCTION INDEX, September 2008 - October 2008 (concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

October 2008

September 2008
(revised)

 

 

 

Food Manufacturing

13.2

5.7

 

Machinery Except Electrical

7.7

19.4

 

Transport Equipment

9.3

2.3

 

Electrical Machinery

1.7

0.7

 

Basic Metals

2.6

-16.7

 

Fabricated Metal Products

7.8

8.7

 

Miscellaneous Manufactures

4.2

-2.1

 

Wood and Wood Products

14.4

-17.6

 

Footwear and Wearing Apparel

1.9

-0.9

 

Textiles

2.7

8.7

 

Non-Metallic Mineral Products

1.3

6.1

 

Leather Products

12.8

9.7

 

Publishing and Printing

a/

-0.9

 

 

 

 

 

Losers

Month-on-Month Growth (%)

October 2008

September 2008
(revised)

 

Beverages

-1.2

20.6

Petroleum Products

-16.0

8.3

Chemical Products (excluding Plastic Products)

-10.4

15.2

Paper and Paper Products

-9.6

14.8

Rubber and Plastic Products*

-3.2

-1.8

Tobacco Products

-2.6

5.5

Furniture and Fixtures

-1.8

-1.6

 

Notes:

* - new sector in the 2000-based series.

a/ - Less than 0.1 percent increase

Sectors are ranked according to their contribution to the overall 2000-based October 2008 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 2008 - October 2008
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

October 2008

September 2008
(revised)

 

 

 

Petroleum Products

17.7

34.0

 

Food Manufacturing

8.5

8.0

 

Chemical Products (excluding Plastic Products)

8.6

5.0

 

Fabricated Metal Products)

18.3

23.1

 

Electrical Machinery

1.5

-7.2

 

Tobacoo Products

12.5

19.3

 

Non-Metallic Mineral Products

8.2

8.6

 

Beverages

3.9

22.4

 

Footwear and Wearing Apparel

5.5

-5.1

 

Leather Products

28.9

0.5

 

Wood and Wood Products

1.6

-11.2

 

 

 

 

 

Losers

Year-on-Year Growth (%)

October 2008

September 2008
(revised)

 

Machinery Except Electrical

-46.1

-39.2

Transport Equipment

-17.6

-19.3

Basic Metals

-12.0

-7.1

Miscellaneous Manufactures

-25.8

-26.0

Textiles

-22.4

-23.0

Paper and Paper Products

-17.0

2.9

Rubber and Plastic Products*

-8.8

1.3

Publishing and Printing

-16.8

-22.3

Furniture and Fixtures

-15.8

-5.2

 

 

TABLE 1-B. VOLUME OF PRODUCTION INDEX, September 2008 - October 2008(concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

October 2008

September 2008
(revised)

 

Food Manufacturing

13.6

6.0

Machinery Except Electrical

5.0

15.2

 

Basic Metals

9.1

-16.1

 

Transport Equipment

8.9

0.1

 

Electrical Machinery

1.7

-2.3

 

Fabricated Metal Products

8.1

0.2

 

Wood and Wood Products

13.3

-17.6

 

Footwear and Wearing Apparel

1.8

-2.7

 

Textiles

2.3

8.3

 

Leather Products

12.8

9.7

 

Miscellaneous Manufactures

0.8

-2.6

 

Publishing and Printing

a/

-0.9

 

 

 

Losers

Month-on-Month Growth (%)

 

October 2008 September 2008
(revised)

Petroleum Products

-8.4

18.3

 

Chemical Products (excluding Plastic Products)

-10.1

16.8

 

Paper and Paper Products

-11.6

14.2

 

Rubber and Plastic Products*

-4.1

-1.9

 

Beverages

-1.2

20.6

 

Tobacco Products

-2.6

5.5

 

Furniture and Fixtures

-5.8

-8.1

 

Non-Metallic Mineral Products

-0.8

4.4

 

 

Notes

* - new sector in the 2000-based series

a/ - Less than 0.1 percent increase

Sectors are ranked according to their contribution to the overall 2000-based October 2008 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 INDEX, September 2008 - October 2008
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

October 2008

September 2008
(revised)

 

 

 

Petroleum Products

27.8

47.1

 

Food Manufacturing

12.6

5.1

 

Chemical Products (excluding Plastic Products)

9.1

12.3

 

Non-Metallic Mineral Products

20.1

14.6

 

Fabricated Metal Products

24.1

33.3

 

Beverages

3.7

8.7

 

Tobacco Products

3.8

16.5

 

Leather Products

14.3

6.3

 

Rubber and Plastic Products*

1.0

9.8

 

 

 

 

 

Losers

Year-on-Year Growth (%)

October 2008

September 2008
(revised)

 

Machinery Except Electrical

-34.2

-47.9

Transport Equipment

-18.2

-3.6

Textiles

-28.5

-18.9

Basic Metals

-10.5

-1.7

Footwear and Wearing Apparel

-14.2

-6.7

Electrical Machinery

-2.2

-5.4

Miscellaneous Manufactures

-15.6

-14.1

Publishing and Printing

-12.3

2.1

Furniture and Fixtures

-10.1

-18.5

Wood and Wood Products

-10.8

-13.7

Paper and Paper Products

-2.0

5.8

 

 

TABLE 2-A. VALUE OF NET SALES INDEX, September 2008 - October 2008
(concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

October 2008

September 2008
(revised)

 

 

 

Machinery Except Electrical

39.2

-13.6

 

Food Manufacturing

10.0

60.8

 

Electrical Machinery

1.2

1.0

 

Textiles

7.8

1.4

 

Fabricated Metal Products

6.9

4.0

 

Non-Metallic Mineral Products

2.0

8.1

 

Wood and Wood Products

7.8

-24.7

 

Footwear and Wearing Apparel

0.8

-9.2

 

Leather Products

0.1

3.6

 

 

 

 

 

Losers

Month-on-Month Growth (%)

October 2008

September 2008
(revised)

 

Basic Metals

-14.8

-8.0

Chemical Products (excluding Plastic Products)

-6.0

-7.0

Transport Equipment

-9.6

8.7

Petroleum Products

-2.9

3.7

Beverages

-5.8

a/

Tobacco Products

-5.7

-8.8

Paper and Paper Products

-5.9

13.5

Rubber and Plastic Products*

-3.1

-4.1

Furniture and Fixtures

-1.7

20.0

Publishing and Printing

-0.9

-6.9

Miscellaneous Manufactures

-0.2

8.4

 

Note:

* - new sector in the 2000-based series

a/ - Less than 0.1 percent increase

Sectors are ranked according to their contribution to the overall 2000-based October 2008 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 INDEX, September 2008 - October 2008
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

October 2008

September 2008
(revised)

 

Petroleum Products

16.2

19.0

Chemical Products (excluding Plastic Products)

6.2

7.4

 

Food Manufacturing

2.1

-4.8

 

Non-Metallic Mineral Products

10.8

8.4

 

Fabricated Metal Products

13.0

18.6

 

Tobacco Products

2.0

14.5

 

Leather Products

8.7

1.2

 

 

 

Losers

Year-on-Year Growth (%)

 

October 2008 September 2008
(revised)

Machinery Except Electrical

-39.9

-49.5

 

Electrical Machinery

-8.7

-11.2

 

Transport Equipment

-20.8

-5.9

 

Basic Metals

-20.3

-19.0

 

Textiles

-36.9

-28.2

 

Footwear and Wearing Apparel

-19.1

-12.5

 

Beverages

-6.9

-2.4

 

Miscellaneous Manufactures

-11.8

-5.7

 

Publishing and Printing

-20.0

-7.0

 

Paper and Paper Products

-11.2

-1.7

 

Rubber and Plastic Products*

-9.9

-0.9

 

Furniture and Fixtures

-11.9

-10.7

 

Wood and Wood Products

-14.5

-16.2

 

 

 

TABLE 2-B. VOLUME OF NET SALES INDEX, September 2008 - October 2008
(concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

October 2008

September 2008
(revised)

 

 

 

Machinery Except Electrical

35.7

-12.4

 

Food Manufacturing

10.5

6.5

 

Petroleum Products

5.9

6.8

 

Electrical Machinery

1.2

-2.1

 

Textiles

7.4

-10.4

 

Fabricated Metal Products

7.2

1.5

 

Wood and Wood Products

6.7

-20.0

 

Footwear and Wearing Apparel

0.6

8.3

 

Leather Products

0.1

4.5

 

 

 

 

 

Losers

Month-on-Month Growth (%)

October 2008

September 2008
(revised)

 

Chemical Products (excluding Plastic Products)

-5.7

-1.9

Transport Equipment

-9.9

6.3

Basic Metals

-9.4

-8.2

Beverages

-5.8

29.1

Paper and Paper Products

-8.0

13.8

Tobacco Products

-5.7

0.4

Miscellaneous Manufactures

-3.5

7.9

Rubber and Plastic Products*

-4.0

-4.7

Furniture and Fixtures

-5.0

12.0

Publishing and Printing

-0.9

-1.9

Non-Metallic Mineral Products

-0.2

8.1

 

Note:

*  -   new sector in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based October 2008 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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