Monthly Integrated Survey of Selected Industries : September 2003

Reference Number: 

2003-091

Release Date: 

Tuesday, November 25, 2003

 

Total manufacturing September 2003 August 2003
Year-on-Year Growth  
Production Index  
Value(VaPI) 3.1 11.2r
Volume(VoPI) -3.7 4.7r
 Net Sales Index    
Value 6.7 16.2r
Volume -1.5 7.9r
      Producers Price Index 7.1 6.2
  Average Capacity Utilization 77.5 78.6r

 

·  Value of Production Index (VaPI) grows at slower rate

Value of Production Index (VaPI) of the manufacturing industry registered a 3.1 percent growth in September 2003 compared with year-ago figure, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Basic metals led all industries with a substantial increase of 196.3 percent, followed by other sectors: machinery excluding electrical, textile, petroleum products, miscellaneous manufactures, wood and wood products and chemical products (see Table 1-A).

On the other hand, VaPI's month-on-month performance fell 1.2 percent in September 2003 due to the double-digit decreases reported by the following sectors: leather products, tobacco, electrical machinery, paper and paper products and rubber products (see Table 1-A).

·  Volume of Production Index (VoPI) slides down

On a year-on-year basis, Volume of Production Index (VoPI) dipped by 3.7 percent compared to the previous month's expansion of (revised) 4.7 percent. Sectors contributing to the decline were the following: leather products, tobacco, footwear and wearing apparel, electrical machinery, fabricated metal products, nonmetallic mineral products, beverage and food manufacturing (see Table 1-B).

Compared to the previous month, VoPI likewise dropped by 2.6 percent in September 2003. Significant decreases were observed in the following sectors:leather products, tobacco, electrical machinery, paper and paper productsand rubber products (see Annex 1-B).

 

 

 

·  Value of Net Sales continues to move up

Value of Net Sales exhibited a 6.7 percent year-on-year increase in September 2003. Major sources of increase were registered by the following sectors: basic metals, machinery excluding electrical, publishing and printing, electrical machinery, petroleum products, textile, chemical products, miscellaneous manufactures and nonmetallic mineral products (see Table 2-A).

Value of Net Sales on a monthly basis slightly weakened, shrinking by 1.0 percent from the (revised) 3.4 percent growth in August 2003. Double-digit decreases were depicted in the following sectors: leather products, tobacco, wood and wood products, footwear and wearing apparel and basic metals (see Table 2-A).

 

·  Net Sales Volume drops

Volume of Net Sales declined by 1.5 percent in September 2003 over the year-ago figure. Sectors that contributed to the decline were leather products, tobacco, footwear and wearing apparel, paper and paper products, food manufacturing, furniture and fixtures and beverage (see Table 2-B).

Similarly, Net Sales Volume in September 2003 fell 2.0 percent compared to the previous month due to the decline showed by the following sectors, namely:leather products, tobacco, wood and wood products, footwear and wearing apparel and basic metals.

·  Producer's Price Index (PPI) continues to increase

Producer's Price Index (PPI) for total manufacturing on a year-on-year basis posted an increment of 7.1 percent in September 2003. Footwear and wearing apparel led all sectors with an increase of 20.9 percent. Other sectors with double-digit increases were: chemical products, paper and paper products, petroleum products, electrical machinery and leather products (see Table 5).

On a monthly basis, PPI for total manufacturing went down by 2.2 percent in September 2003. Sectors that contributed to the decrease were: electrical machinery, nonmetallic mineral products, textile and miscellaneous manufactures (see Table 5).

 

·  Capacity Utilization

Average capacity utilization in September 2003 for total manufacturing was estimated at 77.5 percent. Sectors that posted more than 80% capacity utilization rate were the following: machinery excluding electrical, miscellaneous manufactures, petroleum products, paper and paper products, textile, basic metals and footwear and wearing apparel (see Table 6).

The proportion of responding establishments that operated at full capacity (90%-100%) in September 2003 was 17.2 percent. About 46.8 percent of the responding establishments operated at 70%-89% capacity and 36.0 percent of the establishments operated below 70% capacity.

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

(In percent)

Capacity Utilization  

1994-based

Below 50 percent

12.5

50 percent - 59 percent

7.7

60 percent - 69 percent

15.8

70 percent - 79 percent

21.7

80 percent - 89 percent

25.1

90 percent - 100 percent

17.2

 

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

·  Response Rate

The response rate for September 2003 is 90.3 percent, which corresponds to the retrieval of 502 sample establishments reports (see Table 7)..

Response Rates for Total Manufacturing
(In percent)

September 2003

August 2003
(revised)

90.3

95.1

 

·  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, August  September 2003
(1994 =100)

Gainers                            

Year-on-Year Growth (percent)          

September 2003

August 2003
(revised)

Basic metals

196.3

140.4

Petroleum products

15.8

43.1

Chemical products

11.1

-3.6

Textile

24.3

18.9

Transport equipment

7.0

-7.1

Machinery, excluding electrical*

26.8

36.8

Miscellaneous manufactures

14.1

14.0

Paper and paper products

6.7

12.3

Wood and wood products

11.6

4.9

Furniture and fixtures

2.6

8.9

 

Losers

          Year-on-Year Growth (percent)          

September 2003

August 2003
(revised)

Food manufacturing

-9.8

3.2

Electrical machinery

-15.5

3.1

Tobacco

-57.0

-35.7

Beverage

-17.7

1.5

Footwear and wearing apparel*

-15.6

-5.2

Nonmetallic mineral products

-14.8

-4.4

Fabricated metal products*

-22.7

-9.2

Leather products*

-96.1

-48.3

Rubber products

-7.8

2.8

Publishing and printing*

-1.3

7.7

 

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

Gainers                            

Month-on-Month Growth (percent)      

September 2003

August 2003
(revised)

Petroleum products

12.5

7.9

Chemical products

7.6

-11.7

Transport equipment

13.3

0.7

Basic metals

4.8

0.6

Beverage

4.8

-5.7

Machinery, excluding electrical*

6.7

3.5

Textile

2.7

8.5

Miscellaneous manufactures

4.4

-4.0

Wood and wood products

0.8

-5.3

Furniture and fixtures

1.1

1.0

 

Losers

      Month-on-Month Growth (percent)      

September 2003

August 2003
(revised)

Electrical machinery

-21.5

-4.7

Food manufacturing

-6.5

3.4

Tobacco

-35.8

15.3

Footwear and wearing apparel*

-7.5

-7.4

Nonmetallic mineral products

-8.4

-7.8

Paper and paper products

-14.4

6.1

Fabricated metal products*

-9.7

8.7

Leather products*

-93.8

-28.9

Rubber products

-13.0

1.3

Publishing and printing*

-6.6

8.5

 

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

Sectors are ranked according to their contribution to the overall 1994-based September 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, August , September 2003
(1994 = 100)

Gainers                            

Year-on-Year Growth (percent)          

September 2003

August 2003<
(revised)

Basic metals

175.8

120.6

Textile

21.6

16.7

Wood and wood products

62.8

49.8

Petroleum products

3.2

26.3

Transport equipment

6.3

-8.2

Machinery, excluding electrical*

25.3

35.2

Miscellaneous manufactures

7.9

8.7

Furniture and fixtures

2.0

4.9

 

Losers

          Year-on-Year Growth (percent)          

September 2003

August 2003
(revised)

Electrical machinery

-24.3

-2.2

Food manufacturing

-14.1

-1.9

Tobacco

-57.0

-35.8

Footwear and wearing apparel*

-30.2

-20.6

Beverage

-20.1

-1.7

Chemical products

-7.5

-21.0

Nonmetallic mineral products

-21.4

-5.2

Fabricated metal products*

-24.2

-10.9

Paper and paper products

-9.0

-4.0

Leather products*

-96.4

-53.3

Publishing and printing*

-1.3

7.7

Rubber products

-2.1

9.5

 

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

Gainers                            

Month-on-Month Growth (percent)      

September 2003

August 20033
(revised)

Petroleum products

12.7

3.6

Chemical products

8.2

-12.6

Transport equipment

13.3

0.7

Basic metals

4.9

-1.3

Beverage

4.6

-5.7

Machinery, excluding electrical*

6.7

3.5

Textile

2.0

9.1

Miscellaneous manufactures

4.1

-4.1

Furniture and fixtures

1.1

-0.2

Wood and wood products

0.5

-5.3

 

Losers

          Month-on-Month Growth (percent)          

September 2003

August 2003
(revised)

Electrical machinery

-26.8

1.9

Food manufacturing

-7.3

3.2

Tobacco

-35.8

15.3

Nonmetallic mineral products

-9.6

-4.8

Footwear and wearing apparel*

-7.6

-12.6

Paper and paper products

-14.3

5.9

     

Fabricated metal products*

-9.7

8.7

Leather products*

-93.8

-28.9

Rubber products

-13.4

1.1

Publishing and printing*

-6.6

8.5

 

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

Sectors are ranked according to their contribution to the overall 1994-based September 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, August - September 2003
(1994=100)

Gainers                            

Year-on-Year Growth (percent)          

September 2003

August 2003
(revised)

Basic metals

69.5

54.9

Petroleum products

18.8

30.8

Electrical machinery

20.3

51.5

Chemical products

12.6

11.7

Textile

16.1

20.3

Machinery, excluding electrical*

32.4

64.7

Nonmetallic mineral products

10.7

16.7

Publishing and printing*

29.3

13.3

Miscellaneous manufactures

12.0

11.2

Transport equipment

2.1

-5.9

 

Losers

          Year-on-Year Growth (percent)          

September 2003

August 2003
(revised)

Food manufacturing

-12.3

1.6

Tobacco

-40.4

-30.9

Footwear and wearing apparel*

-23.9

-2.0

Beverage

-10.3

-1.4

Wood and wood products

-20.7

5.5

Leather products*

-100.0

-44.1

Paper and paper products

-5.9

-2.8

Fabricated metal products*

-6.0

-5.7

Furniture and fixtures

-12.4

-1.7

Rubber products

-10.4

-23.3

 

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

Gainers                            

Month-on-Month Growth (percent)      

September 2003

August 2003
(revised)

Chemical products

6.8

-4.9

Beverage

11.5

0.3

Transport equipment

2.3

-0.5

Fabricated metal products*

5.2

-14.4

Miscellaneous manufactures

6.2

0.5

Furniture and fixtures

0.3

-8.8

 

Losers

      Month-on-Month Growth (percent)      

September 2003

August 2003
(revised)

Basic metals

-10.8

-0.9

Tobacco

-15.9

9.3

Footwear and wearing apparel*

-11.0

-3.2

Nonmetallic mineral products

-8.4

0.1

Wood and wood products

-14.8

-7.2

Leather products*

-95.7

-17.2

Food manufacturing

-0.6

0.2

Petroleum products

-0.8

4.7

Publishing and printing*

-4.9

-0.9

Machinery, excluding electrical*

-4.6

8.3

Textile

-1.7

4.2

Rubber products

-6.9

-1.0

Electrical machinery

-0.1

29.1

Paper and paper products

-0.5

-5.5

 

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

Sectors are ranked according to their contribution to the overall 1994-based September 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, August - September 2003
(1994=100)

Gainers                            

Year-on-Year Growth (percent)          

September 2003

August 2003
(revised)

Basic metals

57.8

42.2

Electrical machinery

7.9

43.7

Petroleum products

5.9

15.4

Textile

13.6

18.1

Machinery, excluding electrical*

30.8

62.7

Publishing and printing*

29.3

13.3

Wood and wood products

15.8

50.7

Transport equipment

1.4

-7.0

Nonmetallic mineral products

2.0

15.7

Miscellaneous manufactures

6.0

6.0

 

Losers

          Year-on-Year Growth (percent)          

September 2003

August 2003
(revised)

Food manufacturing

-16.5

-3.5

Footwear and wearing apparel*

-37.0

-17.9

Tobacco

-40.4

-31.0

Chemical products

-6.2

-8.4

Beverage

-12.9

-4.5

Paper and paper products

-19.7

-16.9

Fabricated metal products*

-7.8

-7.5

Leather products*

-100.0

-49.5

Furniture and fixtures

-12.9

-5.3

Rubber products

-4.9

-18.3

 

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

Gainers                            

Month-on-Month Growth (percent)      

September 2003

August 2003
(revised)

Chemical products

7.5

-5.8

Beverage

11.3

0.3

Transport equipment

2.3

-0.5

Fabricated metal products*

5.2

-14.4

Miscellaneous manufactures

6.0

0.4

Furniture and fixtures

0.3

-9.9

 

Losers

      Month-on-Month Growth (percent)      

September 2003

August 2003
(revised)

Electrical machinery

-6.9

38.1

Basic metals

-10.7

-2.8

Tobacco

-15.9

9.3

Footwear and wearing apparel*

-11.2

-8.6

Nonmetallic mineral products

-9.7

3.3

Food manufacturing

-1.4

1/

Wood and wood products

-15.0

-7.2

Leather products*

-95.7

-17.2

Petroleum products

-0.7

0.5

Textile

-2.4

4.8

Publishing and printing*

-4.9

-0.9

Machinery, excluding electrical*

-4.6

8.3

Rubber products

-7.3

-1.3

Paper and paper products

-0.4

-5.6

 

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 September 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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