Monthly Integrated Survey of Selected Industries : October 2018

Reference Number: 

2018-192

Release Date: 

Wednesday, December 5, 2018

 

Table A   Year-on-Year Growth Rates for Production Index, Net Sales Index

and Producer Price Index: October 2018 and October 2017

TOTAL MANUFACTURING

OCTOBER
2018
OCTOBER
2017

Production Index (2000=100)

 

 

       Value       (VaPI)

3.1

-6.0

       Volume    (VoPI)

3.9

-6.6

Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

10.9

-8.8

       Volume     (VoNSI)

11.5

-9.4

Producer Price Index (2000=100)

-0.5r

-0.6

r - revised

  • Value of Production Index keeps positive rate in October 2018

The Value of Production Index (VaPI) for manufacturing recorded an annual increment of 3.1 percent in October 2018. In the same month of the previous year, VaPI dropped by 6.0 percent.

Nine of the 11 major industry groups significantly contributed to the growth of VaPI which was led by petroleum products, with a two-digit increase of 53.0 percent. Other major industry groups with two-digit increases were: textiles (49.7%), miscellaneous manufactures (36.9%), electrical machinery (24.4%), beverages (19.8%), paper and paper products (16.7%), machinery except electrical (14.7%), wood and wood products (11.8%) and transport equipment (10.1%). Refer to Tables1-A and 1.

  • Volume of Production Index sustains growth

Volume of Production Index (VoPI) leaped as it posted an annual increment of 3.9 percent in October 2018. During the same month of 2017, year-on-year growth rate of VoPI dropped by 6.6 percent.

Among the 13 major industry groups that reported increases in VoPI, eight major industries recorded two-digit growths, namely: textiles (41.9%), miscellaneous manufactures (31.2%), petroleum products (30.8%), machinery except electrical (17.6%), wood and wood products (17.1%), electrical machinery (16.9%), non-metallic mineral products (11.9%) and paper and paper products (10.7%). Refer to Tables 1-B and 2.

 

 

 

  • Value of Net Sales Index exhibits a two-digit increase

The Value of Net Sales Index (VaNSI) climbed to 10.9 percent in October 2018. During the same month of the previous year, VaNSI declined by 8.8 percent.

Of the 16 major sectors that reflected increases in VaNSI, 11 major industry groups exhibited two-digit growths led by furniture and fixtures with 51.3 percent increase. Other major industries with two-digit annual growths were tobacco products (44.6%), petroleum products (37.4%), miscellaneous manufactures (28.1%), wood and wood products (21.2%), paper and paper products (18.2%), electrical machinery (16.3%), transport equipment (15.9%), footwear and wearing apparel (15.0%), food manufacturing (13.2%) and rubber and plastic products (13.2%). Refer toTables 2-A and 3.

  • Volume of Net Sales Index also expands

The Volume of Net Sales Index (VoNSI) similarly posted a year-on-year contraction of 11.5 percent in October 2018. In the same month of the previous year, VoNSI declined by 9.4 percent.

Furniture and fixtures with a 64.6 percent growth, contributed largely to the increase of VoNSI. This was followed by 10 other major industries that registered two-digit increments in VoNSI, namely: wood and wood products (26.4%), tobacco products (22.2%), non-metallic mineral products (20.0%), rubber and plastic products (17.4%), miscellaneous manufactures (16.7%), petroleum products (16.4%), transport equipment (15.8%), paper and paperproducts (14.8%), footwear and wearing apparel (13.6%) and food manufacturing (13.4%). Refer to Tables 2-B and 4.

 

Average Capacity Utilization Rate is highest for petroleum products

Average capacity utilization rate in October 2018 for total manufacturing was recorded at 84.3 percent. Fifty-five percent or 11 of the 20 major industries operated at least 80 percent capacity utilization rates. These are:

  • petroleum products (89.9%)
  • basic metals (88.9%)
  • non-metallic mineral products (86.5%)
  • machinery except electrical (86.1%)
  • electrical machinery (85.2%)
  • food manufacturing (85.0%)
  • chemical products (85.0%)
  • paper and paper products (83.8%)
  • rubber and plastic products (83.5%)
  • wood and wood products (81.6%)
  • textiles (80.4%)

The proportion of establishments that operated at full capacity (90% to 100%) was more than one-fourth (26.6%) of the total number of establishments in October 2018. About 55.1 percent of the total establishments operated at 70 percent to 89 percent capacity while almost one-fifth (18.3%) of the total establishments operated below 70 percent capacity. Refer to Tables B and 6.

Table B  Distribution of Key Manufacturing Establishments by Capacity Utilization

for Total Manufacturing: October 2018

Capacity Utilization

Percent Share

Below 50%

3.6

50% - 59%

4.5

60% - 69%

10.2

70% - 79%

 21.7

80% - 89%

 33.4

 90% - 100%

 26.6

 

 

 

 

LISA GRACE S. BERSALES, Ph. D.

Undersecretary

National Statistician and Civil Registrar General

 

 

 


 

TABLE 1-A Value of Production Index, September 2018 and October 2018

(2000 =100)

 

Industry Group

Year-on-Year Growth (%)

October 2018
September 2018
(revised)

Gainers

 

 

Petroleum products

53.0

42.6

Electrical machinery

24.4

17.5

Machinery except electrical

14.7

17.3

Beverages

19.8

13.9

Textiles

49.7

51.4

Miscellaneous manufactures

36.9

21.0

Transport equipment

10.1

17.5

Paper and paper products

16.7

17.8

Tobacco products

8.7

-24.4

Rubber and plastic products

5.8

-8.4

Chemical products

2.0

15.7

Wood and wood products

11.8

-1.0

Basic Metals

1.4

7.8

Losers

 

 

Food manufacturing

-13.2

-8.2

Printing

-69.2

-70.6

Fabricated metal products

-30.8

-28.2

Footwear and wearing apparel

-4.5

-11.0

Furniture and fixtures

-8.5

-4.9

Leather products

-12.7

-6.6

Non-metallic mineral products

-0.7

-0.7

 
 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based October 2018 growth rate.
   Year-on-year growth rates are computed by dividing the current month index by the previous year’s same month index, less 1.
 
 
 

TABLE 1-B  Volume of Production Index, September 2018 and October 2018

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

October 2018
September 2018
(revised)

Gainers

 

 

Petroleum products

30.8

20.3

Electrical machinery       

16.9

8.6

Machinery except electrical

17.6

18.8

Textiles

41.9

46.0

Miscellaneous manufactures

31.2

16.0

Non-metallic mineral products

11.9

13.1

Transport equipment

7.5

15.9

Beverages

6.1

0.1

Paper and paper products

10.7

10.3

Rubber and plastic products

7.3

-7.6

Chemical products

2.6

16.2

Wood and wood products

17.1

2.8

Furniture and fixtures

3.0

5.2

Losers

 

 

Food manufacturing

-14.9

-8.3

Printing

-70.5

-71.8

Fabricated metal products

-30.3

-27.5

Footwear and wearing apparel

-6.2

-12.4

Tobacco products

-8.6

-50.4

Basic metals

-3.5

0.4

Leather products

-6.4

-4.2

 

Notes:    Major Industries are ranked according to their contribution to the overall 2000-based October 2018 growth rate.
   Year-on-year growth rates are computed by dividing the current month index by the previous year’s same month index, less 1.
 
 
 
 
TABLE 2-A  Value of Net Sales Index, September 2018 and October 2018

(2000 =100)

 

Industry Group

Year-on-Year Growth (%)

October 2018
September 2018
(revised)

Gainers

 

 

Petroleum products

37.4

30.9

Electrical machinery

16.3

2.2

Food manufacturing

13.2

5.7

Tobacco products

44.6

15.9

Machinery except electrical

8.8

7.7

Transport equipment

15.9

8.0

Miscellaneous manufactures

28.1

18.6

Beverages

9.8

4.0

Footwear and wearing apparel

15.0

1.4

Basic metals

9.1

9.4

Furniture and fixtures

51.3

0.6

Paper and paper products

18.2

18.4

Non-metallic mineral products

7.6

-5.8

Rubber and plastic products

13.2

2.1

Wood and wood products

21.2

22.0

Printing

6.1

-4.9

Losers

 

 

Chemical products

-16.3

-5.9

Textiles

-31.4

-24.8

Fabricated metal products

-13.0

-29.3

Leather products

-15.3

-17.8

 
 
 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based October 2018 growth rate.
   Year-on-year growth rates are computed by dividing the current month index by the same month index of the previous year, less 1.

 

 

TABLE 2-B  Volume of Net Sales Index, September 2018 and October 2018

(2000 = 100)

 

Industry Group

Year-on-Year Growth (%)

October 2018
September 2018
 (revised)

Gainers

 

 

Food manufacturing

13.4

8.0

Petroleum products

16.4

9.5

Electrical machinery

8.5

-6.2

Machinery except electrical

8.8

6.4

Transport equipment

15.8

9.0

Non-metallic mineral products

20.0

6.1

Furniture and fixtures

64.6

7.6

Tobacco products

22.2

-23.6

Footwear and wearing apparel

13.6

0.3

Miscellaneous manufactures

16.7

8.0

Paper and paper products

14.8

13.5

Rubber and plastic products

17.4

5.4

Basic metals

4.1

2.3

Wood and wood products

26.4

26.0

Printing

1.9

-8.7

Losers

 

 

Chemical products

-14.7

-4.3

Textiles

-34.7

-27.2

Beverages

-4.3

-10.0

Fabricated metal products

-12.4

-28.6

Leather products

-9.7

-15.3

 
 
 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based October 2018 growth rate.
   Year-on-year growth rates are computed by dividing the current month index by the same month index of the previous year, less 1.

 

 

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