| TOTAL MANUFACTURING | September 2002 | August 2002 |
| YEAR-ON-YEAR GROWTH | ||
| Production Index | ||
| Value(VaPI) | - 0.6 | - 7.8r |
| Volume(VoPI) | - 4.9 | - 11.5r |
| Net Sales Index | ||
| Value | 7.4 | - 4.9r |
| Volume | 1.9 | -9.2r |
| Producer Price Index | 4.5 | 4.1r |
| AVERAGE CAPACITY UTILIZATION | 75.8 | 74.6r |
- Value of Production Index (VaPI) continues to drop
Value of Production Index (VaPI) of the manufacturing industry continued to decline at a slower rate of 0.6 percent in September 2002 compared with year ago figure, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Significant decreases were observed in the following sectors: basic metals, machinery excluding electrical, furniture and fixtures and paper and paper products (see Table 1-A).
On a month-on-month basis, VaPI's performance improved by 3.6 percent compared to the previous month's figure of 0.3 percent. Sectors that contributed most to the increase were petroleum products and beverage (see Table 1-A).
- Volume of Production Index (VoPI) continues its downtrend
Volume of Production Index (VoPI) followed a similar trend as VaPI as it fell to 4.9 percent in September 2002 on a year-on-year basis. Significant decreases were observed in the following sectors: basic metals, machinery excluding electrical, paper and paper products, publishing and printing, and furniture and fixtures (see Table 1-B).
On a monthly basis, VoPI registered an increment of 3.2 percent due to the growth exhibited by the two (2) sectors, namely: petroleum products and beverage (see Table 1-B).
- Value of Net Sales gains
Year-on-year growth in value of net sales made a turnaround increase of 7.4 percent in September 2002 from a decline of 4.9 percent in the previous month. Major sources of increase were from ten sectors: leather products, machinery excluding electrical, rubber products, fabricated metal products, footwear and wearing apparel, textile, tobacco, food manufacturing, electrical machinery and publishing and printing (see Table 2-A).
On a monthly basis, value of net sales gained momentum of 5.7 percent in September 2002, offsetting the previous month's decline of 1.3 percent. Significant increases were contributed by the following sectors: electrical machinery, beverage and footwear and wearing apparel (see Table 2-A).
- Net Sales Volume picks up
Net sales volume grew by 1.9 percent in September 2002 on a year-on-year basis from a decline of 9.2 percent in the previous month. The turnaround was due to the resulting growth in the following sectors: leather products, rubber products, machinery excluding electrical, textile, fabricated metal products, footwear and wearing apparel, tobacco and food manufacturing (see Table 2-B).
On a month-on-month basis, volume of net sales managed a growth of 5.3 percent from a decline of 2.3 percent in August 2002. This was brought about by significant increases in beverage, electrical machinery and footwear and wearing apparel sectors (see Table 2-B).
- Producer's Price Index (PPI) continues to increase
The Producer Price Index for total manufacturing registered a year-on-year increase of 4.5 percent in September 2002. Double-digit increases were registered by the following sectors: publishing and printing (26.7%); wood and wood products (22.7%); beverage (13.7%) and footwear and wearing apparel (10.1%) (see Table 5).
On a month-on-month basis, PPI for total manufacturing went up, but slower by 0.4 percent. Increases were posted by the following sectors: wood and wood products, electrical machinery, basic metals, petroleum products, furniture and fixtures, transport equipment, beverage, leather products, chemical products, food manufacturing and textile (see Table 5).
- Capacity Utilization
For September 2002, average capacity utilization was estimated at 75.8 percent for total manufacturing. Sectors with more than 80% capacity utilization rate were the following: petroleum products, miscellaneous manufactures, fabricated metal products, rubber products, machinery excluding electrical, beverage, paper and paper products and tobacco (see Table 6).
The proportion of responding establishments that operated at full capacity (90%-100%) in September 2002 was 20.9 percent. About 39.2 percent of the responding establishments operated at 70%-89% capacity and 39.9 percent of the establishments operated below 70% capacity.
DISTRIBUTION OF KEY MANUFACTURING ESTABLISHMENTS
BY CAPACITY UTILIZATION
TOTAL MANUFACTURING, SEPTEMBER 2002
(In percent)
| Capacity Utilization | 1994-based |
| Below 50% | 12.4 |
| 50% - 59% | 11.9 |
| 60% - 69% | 15.6 |
| 70% - 79% | 17.7 |
| 80% - 89% | 21.5 |
| 90% - 100% | 20.9 |
- Response Rate
For September 2002, the response rate is 86.2 percent, which corresponds to the retrieval of 500 sample establishments' reports (see Table 7).
RESPONSE RATES FOR TOTAL MANUFACTURING
(In percent)
| September 2002 | August 2002 (revised) |
| 86.2 | 94.1 |
| (Sgd.) CARMELITA N. ERICTA Administrator |
TABLE 1-A. VALUE OF PRODUCTION INDEX, AUGUST - SEPTEMBER 2002
(1994 =100)
| Gainers | Year-on-Year Growth (%) | |
| September | August (revised) |
|
| Food Manufacturing | 6.3 | 0.3 |
| Non-Metallic Mineral Products | 25.9 | 29.1 |
| Beverage | 11.8 | 2.2 |
| Footwear & Wearing Apparel* | 12.5 | 3.8 |
| Electrical Machinery | 3.3 | 12.6 |
| Tobacco | 11.0 | 7.0 |
| Textile | 8.7 | 24.9 |
| Wood & Wood Products | 20.1 | 14.1 |
| Fabricated Metal Products* | 11.5 | 13.7 |
| Publishing & Printing* | 9.7 | -0.3 |
| Transport Equipment | 1.1 | -11.2 |
| Leather Products* | 6.6 | 12.0 |
| Losers | Year-on-Year Growth (%) | |
| September | August (revised) |
|
| Basic Metals | -33.5 | -16.5 |
| Petroleum Products | -4.8 | -33.8 |
| Chemical Products | -3.9 | -9.7 |
| Machinery Excluding Electrical* | -26.6 | -28.1 |
| Paper & Paper Products | -12.1 | -10.8 |
| Furniture & Fixtures | -12.2 | -5.1 |
| Rubber Products | -5.2 | -8.7 |
| Miscellaneous Manufactures | -2.8 | -11.0 |
TABLE 1-A. VALUE OF PRODUCTION INDEX, AUGUST - SEPTEMBER 2002 (concluded)
| Gainers | Month-on-Month Growth (%) | |
| September | August (revised) |
|
| Petroleum Products | 39.1 | -8.3 |
| Beverage | 22.2 | -12.6 |
| Non-Metallic Mineral Products | 2.8 | 13.7 |
| Fabricated Metal Products* | 3.9 | 5.3 |
| Machinery Excluding Electrical* | 3.5 | 14.2 |
| Miscellaneous Manufactures | 2.5 | 3.1 |
| Losers | Month-on-Month Growth (%) | |
| September | August (revised) |
|
| Basic Metals | -15.5 | 2.9 |
| Chemical Products | -7.8 | 5.3 |
| Electrical Machinery | -5.9 | 2.9 |
| Food Manufacturing | -2.6 | 7.9 |
| Tobacco | -4.9 | -31.6 |
| Transport Equipment | -1.3 | -4.6 |
| Furniture & Fixtures | -11.6 | 20.7 |
| Wood & Wood Products | -6.2 | 13.6 |
| Footwear & Wearing Apparel* | -0.9 | 3.6 |
| Leather Products* | -18.1 | 3.6 |
| Paper & Paper Products | -1.2 | 3.7 |
| Textile | -0.5 | 11.7 |
| Rubber Products | -1.7 | 10.5 |
| Publishing & Printing* | -0.5 | -0.3 |
Note: * - new sectors in the 1994-based series
Sectors are ranked according to their contribution to the overall 1994-based September 2002 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, AUGUST - SEPTEMBER 2002
(1994 = 100)
| Gainers | Year-on-Year Growth (%) | |
| September | August (revised) |
|
| Non-Metallic Mineral Products | 38.2 | 34.9 |
| Textile | 10.0 | 26.0 |
| Food Manufacturing | 1.5 | -4.1 |
| Fabricated Metal Products* | 8.4 | 10.4 |
| Footwear & Wearing Apparel* | 2.1 | -6.1 |
| Tobacco | 2.6 | -1.1 |
| Leather Products* | 23.2 | 30.1 |
| Losers | Year-on-Year Growth (%) | |
| September | August (revised) |
|
| Basic Metals | -35.0 | -17.8 |
| Petroleum Products | -8.7 | -35.9 |
| Chemical Products | -7.8 | -12.9 |
| Transport Equipment | -6.7 | -18.0 |
| Machinery Excluding Electrical* | -26.7 | -28.1 |
| Paper & Paper Products | -16.0 | -16.0 |
| Publishing & Printing* | -13.4 | -21.3 |
| Beverage | -1.7 | -9.7 |
| Furniture & Fixtures | -11.8 | -3.3 |
| Electrical Machinery | -5.3 | 5.2 |
| Wood & Wood Products | -2.1 | -4.8 |
| Miscellaneous Manufactures | -0.8 | -8.9 |
| Rubber Products | -0.4 | -4.1 |
TABLE 1-B. VOLUME OF PRODUCTION INDEX, AUGUST - SEPTEMBER 2002(concluded)
| Gainers | Month-on-Month Growth (%) | |
| September | August (revised) |
|
| Petroleum Products | 37.8 | -13.7 |
| Beverage | 21.6 | -13.2 |
| Non-Metallic Mineral Products | 9.1 | 18.9 |
| Fabricated Metal Products* | 3.9 | 5.3 |
| Machinery Excluding Electrical* | 3.5 | 14.2 |
| Miscellaneous Manufactures | 3.0 | 1.9 |
| Losers | Month-on-Month Growth (%) | |
| September | August (revised) |
|
| Basic Metals | -16.6 | 2.9 |
| Chemical Products | -8.2 | 5.1 |
| Food Manufacturing | -3.0 | 7.5 |
| Tobacco | -4.9 | -31.6 |
| Transport Equipment | -1.9 | -4.3 |
| Wood & Wood Products | -8.4 | 0.1 |
| Electrical Machinery | -7.2 | 1.3 |
| Furniture & Fixtures | -12.3 | 20.0 |
| Footwear & Wearing Apparel* | -0.9 | 4.4 |
| Leather Products* | -18.5 | 3.6 |
| Textile | -0.8 | 11.7 |
| Paper & Paper Products | -0.8 | 2.4 |
| Rubber Products | -1.7 | 10.5 |
| Publishing & Printing* | -0.5 | -0.3 |
Note: * - new sectors in the 1994-based series
Sectors are ranked according to their contribution to the overall 1994-based September 2002 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, AUGUST - SEPTEMBER 2002
(1994=100)
| Gainers | Year-on-Year Growth (%) | |
| September | August (revised) |
|
| Food Manufacturing | 15.4 | -9.7 |
| Electrical Machinery | 11.4 | -11.3 |
| Footwear & Wearing Apparel* | 26.2 | -2.8 |
| Textile | 22.2 | 31.4 |
| Tobacco | 21.0 | -21.0 |
| Fabricated Metal Products* | 26.9 | 20.4 |
| Machinery excluding Electrical* | 31.2 | 27.4 |
| Beverage | 4.9 | 3.0 |
| Chemical Products | 2.2 | -1.2 |
| Rubber Products | 27.2 | 27.2 |
| Transport Equipment | 2.3 | -7.1 |
| Publishing & Printing* | 10.9 | -21.7 |
| Leather Products* | 32.4 | 41.3 |
| Miscellaneous Manufactures | 3.6 | -2.1 |
| Wood & Wood Products | 3.4 | -10.7 |
| Furniture & Fixtures | 0.6 | 22.8 |
| Losers | Year-on-Year Growth (%) | |
| September | August (revised) |
|
| Basic Metals | -18.0 | 1.3 |
| Petroleum Products | -2.1 | -13.3 |
| Non-metallic Mineral Products | -5.8 | -8.9 |
| Paper & Paper Products | -2.8 | -3.7 |
TABLE 2-A. VALUE OF NET SALES, AUGUST - SEPTEMBER 2002 (concluded)
(1994=100)
| Gainers | Month-on-Month Growth (%) | |
| September | August (revised) |
|
| Electrical Machinery | 23.5 | -23.7 |
| Beverage | 22.5 | -3.0 |
| Petroleum Products | 9.2 | -1.9 |
| Chemical Products | 6.9 | -0.3 |
| Footwear & Wearing Apparel* | 17.7 | 7.4 |
| Food Manufacturing | 2.2 | 7.9 |
| Machinery excluding Electrical* | 7.6 | 12.2 |
| Miscellaneous Manufactures | 7.8 | -0.8 |
| Textile | 1.8 | 10.5 |
| Wood & Wood Products | 4.7 | -0.1 |
| Paper & Paper Products | 2.5 | -3.8 |
| Fabricated Metal Products* | 1.6 | 2.7 |
| Losers | Month-on-Month Growth (%) | |
| September | August (revised) |
|
| Basic Metals | -19.8 | -12.6 |
| Transport Equipment | -5.8 | -0.1 |
| Furniture & Fixtures | -21.8 | 22.5 |
| Publishing & Printing* | -9.2 | -2.7 |
| Tobacco | -3.7 | -2.5 |
| Non-metallic Mineral Products | -0.9 | 6.1 |
| Rubber Products | -2.2 | 19.4 |
| Leather Products* | -4.1 | 34.3 |
Note: * - new sectors in the 1994-based series
Sectors are ranked according to their contribution to the overall 1994-based September 2002 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, AUGUST - SEPTEMBER 2002
| Gainers | Year-on-Year Growth (%) | |
| September | August (revised) |
|
| Food Manufacturing | 10.2 | -13.7 |
| Textile | 23.6 | 32.6 |
| Footwear & Wearing Apparel* | 14.6 | -12.1 |
| Fabricated Metal Products* | 23.3 | 16.9 |
| Machinery excluding Electrical* | 31.1 | 27.4 |
| Tobacco | 11.8 | -27.0 |
| Electrical Machinery | 2.2 | -17.1 |
| Rubber Products | 33.6 | 33.6 |
| Non-metallic Mineral Products | 3.4 | -4.7 |
| Leather Products* | 53.0 | 64.1 |
| Miscellaneous Manufactures | 5.7 | 0.2 |
| Furniture & Fixtures | 1.1 | 25.1 |
| Losers | Year-on-Year Growth (%) | |
| September | August (revised) |
|
| Basic Metals | -19.9 | -0.2 |
| Petroleum Products | -6.0 | -16.0 |
| Beverage | -7.8 | -9.0 |
| Transport Equipment | -5.6 | -14.2 |
| Chemical Products | -1.9 | -4.7 |
| Wood & Wood Products | -15.7 | -25.5 |
| Publishing & Printing* | -12.5 | -38.2 |
| Paper & Paper Products | -7.2 | -9.4 |
TABLE 2-B. VOLUME OF NET SALES, AUGUST - SEPTEMBER 2002(concluded)
(1994=100)
| Gainers | Month-on-Month Growth (%) | |
| September | August (revised) |
|
| Electrical Machinery | 21.8 | -25.0 |
| Beverage | 21.9 | -3.6 |
| Petroleum Products | 8.2 | -7.7 |
| Footwear & Wearing Apparel* | 17.7 | 8.2 |
| Chemical Products | 6.4 | -0.5 |
| Food Manufacturing | 1.7 | 7.5 |
| Non-metallic Mineral Products | 5.1 | 10.9 |
| Machinery excluding Electrical* | 7.6 | 12.2 |
| Miscellaneous Manufactures | 8.4 | -2.0 |
| Paper & Paper Products | 2.9 | -5.0 |
| Textile | 1.5 | 10.5 |
| Fabricated Metal Products* | 1.6 | 2.7 |
| Wood & Wood Products | 2.3 | -12.0 |
| Losers | Month-on-Month Growth (%) | |
| September | August (revised) |
|
| Basic Metals | -20.8 | -12.5 |
| Transport Equipment | -6.3 | 0.2 |
| Furniture & Fixtures | -22.4 | 21.8 |
| Publishing & Printing* | -9.2 | -2.7 |
| Tobacco | -3.7 | -2.5 |
| Rubber Products | -2.2 | 19.4 |
| Leather Products* | -4.6 | 34.3 |
Note: * - new sectors in the 1994-based series
Sectors are ranked according to their contribution to the overall 1994-based September 2002 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
