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Release Date :
Reference Number :
2006-082

 

Total Manufacturing       September 2006             August 2006      
  Year-on-Year Growth  
      Production Index  
            Value(VaPI) -0.1 7.0r
            Volume(VoPI) -8.3 -6.3r
      Net Sales Index    
            Value 2.0 3.5r
            Volume -6.3 -8.0r
      Producer Price Index 8.9 14.2r
  Average Capacity Utilization           80.2 80.3r

              r-revised

 

  • Value of Production registers negative growth

    Value of Production Index (VaPI) for the manufacturing industry slowed down by 0.1 percent in September 2006 compared with the year-ago figure, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was due to the two-digit decreases in production reported by the following major sectors: machinery excluding electrical, leather products, textiles, chemical products, publishing and printing, tobacco, petroleum products, wood and wood products and rubber products. Refer to Tables 1-A and 1.

    On a monthly basis, VaPI dropped by 3.7 percent from its previous month�s (revised) increase of 4.4 percent. Sectors that made significant contributions to the decrease were the following: leather products, chemical products, rubber products, petroleum products, wood and wood products and machinery excluding electrical. Refer to Tables 1-A and 1.

  • Volume of Production Index (VoPI) dips further

    Volume of Production Index (VoPI) continued to tumble as it posted a decrease of 8.3 percent in September 2006. Thirteen (13) of the 20 major sectors reported decreases in factory output, with two-digit reductions observed in the following: machinery excluding electrical, leather products, textiles, footwear and wearing apparel, chemical products, rubber products, tobacco, wood and wood products, petroleum products, electrical machinery and publishing and printing. Refer to Tables 2 and 1-B.

    VoPI on a monthly comparison also dipped by 3.5 percent from a positive growth (revised) of 5.4 percent in August 2006. Sectors that significantly pulled down production were the following: leather products, chemical products, rubber products, wood and wood products and machinery excluding electrical. Refer to Tables 2 and 1-B.

  • Value of Net Sales maintains positive growth

    On a yearly basis, Value of Net Sales grew by 2.0 percent in September 2006. Though six (6) major sectors posted two-digit decreases, this was offset by the two-digit growth in four (4) major sectors that sustained the positive sales performance of the manufacturing industry. Refer to Tables 2-A and 3.

    On a month-on-month basis, Value of Net Sales continued to grow at a slower rate of 1.5 percent in September 2006, mainly due to the increases observed in eleven (11) major sectors. This was led by On a month-on-month basis, Value of Net Sales continued to grow at a slower rate of 1.5 percent in September 2006, mainly due to the increases observed in eleven (11) major sectors. This was led by beverages and tobacco, with growth of 14.4 percent and 10.3 percent, respectively. Refer to Tables 2-A and 3. and tobacco, with growth of 14.4 percent and 10.3 percent, respectively. Refer to Tables 2-A and 3.

  • Volume of Net Sales still down

    Volume of Net Sales continued its downtrend as it posted a year-on-year decrease of 6.3 percent in September 2006. Machinery excluding electrical continued to lead the major sectors as it exhibited the highest decline of 79.8 percent. Eight other sectors that reported two-digit decreases were the following: leather products, footwear and wearing apparel, electrical machinery, wood and wood products, textiles, tobacco, transport equipment and furniture and fixtures. Refer to Tables 2-B and 4.

    On a monthly basis, Volume of Net Sales grew by 2.0 percent in September 2006 from its previous month�s (revised) increase of 1.7 percent. Major sectors that reported significant expansion in sales volume were beverages, furniture and fixtures and tobacco. Refer to Tables 2-B and 4.

  • Capacity Utilization

    Average capacity utilization in September 2006 for total manufacturing was estimated at 80.2 percent. Sectors that registered more than 80% capacity utilization rates were the following: machinery excluding electrical, electrical machinery, paper and paper products, petroleum products, miscellaneous manufactures, basic metals, leather products, rubber products, food manufacturing and chemical products. Refer to Table 6..

    The proportion of establishments that operated at full capacity (90% to 100%) was 10.2 percent in September 2006. More than half or 57.5 percent of the establishments operated at 70% to 89% capacity and 32.3 percent of the establishments operated below 70% capacity.

    Distribution of Key Manufacturing Establishments by Capacity Utilization
    Total Manufacturing, September 2006

    (In percent)

                Capacity Utilization                      Percent Share         
    Below 50 percent 3.7
    50 percent - 59 percent 9.0
    60 percent - 69 percent 19.6
    70 percent - 79 percent 20.8
    80 percent - 89 percent 36.7
    90 percent - 100 percent 10.2

  • Response Rate

    The response rates for the September 2006 MISSI and PPS are 92.5 percent and 95.9 percent, respectively. Refer to Tables 7 and 8.

    Response Rates for Total Manufacturing
    (In percent)

                September 2006                      August 2006           
    (revised)
    MISSI 92.5 97.1r
    PPS 95.9r 99.3r


                           r-revised
  • Technical Notes

    Starting 2006, weights for the Producer Price Index (PPI) are based from the results of the 2003 Annual Survey of Philippine Business and Industry (ASPBI) for manufacturing establishments with average total employment (ATE) 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, August 2006 - September 2006
    (1994 =100)

                                Gainers                                       Year-on-Year Growth (percent)          
    September 2006 August 2006
    (revised)
     

    Food Manufacturing

    20.8

    21.1

    Electrical Machinery

    27.2

    18.0

    Basic Metals

    47.4

    35.4

    Beverages

    15.4

    17.5

    Fabricated Metal Products*

    18.5

    9.4

    Miscellaneous Manufactures

    16.5

    18.3

    Non-Metallic Mineral Products

    5.0

    -5.1

    Paper and Paper Products

    7.7

    -2.6

    Transport Equipment

    0.2

    -6.7

     
    Losers           Year-on-Year Growth (percent)          
    September 2006 August 2006
    (revised)
     

    Chemical Products

    -25.1

    13.7

    Petroleum Products

    -16.3

    -5.3

    Textiles

    -25.4

    -26.9

    Machinery Excluding Electrical*

    -46.4

    -45.1

    Tobacco

    -17.6

    -21.8

    Footwear and Wearing Apparel*

    -6.8

    -5.8

    Publishing and Printing*

    -20.4

    -5.9

    Wood and Wood Products

    -16.2

    2.9

    Rubber Products

    -11.0

    14.4

    Furniture and Fixtures

    -7.3

    6.6

    Leather Products*

    -31.4

    -14.1

    TABLE 1-A. VALUE OF PRODUCTION INDEX, August 2006 - September 2006
    (concluded)
    (1994=100)

                                Gainers                                   Month-on-Month Growth (percent)      
    September 2006 August 2006
    (revised)
     

    Electrical Machinery

    19.7

    3.1

    Beverages

    10.7

    13.3

    Food Manufacturing

    1.7

    11.2

    Basic Metals

    4.8

    -14.9

    Tobacco

    3.0

    -7.5

    Paper and Paper Products

    3.9

    -5.5

    Fabricated Metal Products*

    2.8

    0.2

    Non-Metallic Mineral Products

    1.0

    6.4

    Transport Equipment

    a/

    5.2

     
    Losers       Month-on-Month Growth (percent)      
    September 2006 August 2006
    (revised)
     

    Chemical Products

    -27.2

    16.3

    Petroleum Products

    -12.4

    2.2

    Textiles

    -5.6

    0.1

    Machinery Excluding Electrical*

    -10.3

    -19.5

    Wood and Wood Products

    -11.4

    9.6

    Footwear and Wearing Apparel*

    -2.6

    -7.5

    Rubber Products

    -15.9

    4.1

    Publishing and Printing*

    -7.1

    -2.7

    Leather Products*

    -30.5

    -2.2

    Furniture and Fixtures

    -1.9

    -2.7

    Miscellaneous Manufactures

    -0.2

    a/


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

    a/ - Less than 0.1 percent increase

    Sectors are ranked according to their contribution to the overall 1994-based September 2006 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 2006 - September 2006
    (1994 = 100)

                                Gainers                                       Year-on-Year Growth (percent)          
    September 2006 August 2006
    (revised)
     

    Basic Metals

    44.9

    35.3

    Food Manufacturing

    12.9

    13.2

    Beverages

    12.9

    13.6

    Miscellaneous Manufactures

    21.7

    23.9

    Fabricated Metal Products*

    10.9

    5.2

    Paper and Paper Products

    3.5

    -6.9

    Furniture and Fixtures

    6.9

    20.8

     
    Losers           Year-on-Year Growth (percent)          
    September 2006 August 2006
    (revised)
     

    Chemical Products

    -25.2

    12.7

    Petroleum Products

    -18.4

    -15.9

    Electrical Machinery

    -15.6

    -34.5

    Footwear and Wearing Apparel*

    -27.2

    -24.1

    Textiles

    -29.2

    -29.2

    Machinery Excluding Electrical*

    -54.4

    -56.7

    Tobacco

    -22.1

    -26.1

    Transport Equipment

    -7.9

    -12.8

    Wood and Wood Products

    -21.7

    -4.6

    Publishing and Printing*

    -12.1

    3.8

    Rubber Products

    -22.3

    -0.8

    Non-Metallic Mineral Products

    -3.6

    -14.8

    Leather Products*

    -45.2

    -31.4

    TABLE 1-B. VOLUME OF PRODUCTION INDEX, August 2006 - September 2006
    (concluded)
    (1994=100)

                                Gainers                                   Month-on-Month Growth (percent)      
    September 2006 August 2006
    (revised)
     

    Electrical Machinery

    19.8

    5.7

    Beverages

    10.7

    13.3

    Food Manufacturing

    1.4

    10.6

    Basic Metals

    3.5

    -14.6

    Tobacco

    3.0

    -7.3

    Paper and Paper Products

    3.7

    -5.2

    Non-Metallic Mineral Products

    1.1

    8.0

    Miscellaneous Manufactures

    0.5

    1.1

    Transport Equipments

    0.1

    5.3

    Fabricated Metal Products*

    a/

    0.1

     
    Losers           Month-on-Month Growth (percent)          
    September 2006 August 2006
    (revised)
     

    Chemical Products

    -27.1

    16.2

    Petroleum Products

    -7.9

    8.8

    Footwear and Wearing Apparel*

    -5.6

    -8.2

    Textiles

    -7.2

    b/

    Machinery Excluding Electrical*

    -10.5

    -19.2

    Wood and Wood Products

    -11.1

    9.4

    Rubber Products

    -15.9

    4.1

    Publishing and Printing*

    -7.1

    -2.7

    Leather Products*

    -30.4

    -4.7

    Furniture and Fixtures

    -0.5

    2.5


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

    a/ - Less than 0.1 percent increase

    b/ - Less than 0.1 percent decrease

    Sectors are ranked according to their contribution to the overall 1994-based September 2006 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 2006 - September 2006
    (1994=100)

                                Gainers                                       Year-on-Year Growth (percent)          
    September 2006 August 2006
    (revised)
     

    Food Manufacturing

    8.1

    8.4

    Basic Metals

    22.5

    27.8

    Beverages

    21.2

    15.6

    Electrical Machinery

    5.2

    14.6

    Fabricated Metal Products*

    16.3

    2.2

    Non-Metallic Mineral Products

    6.2

    -3.6

    Petroleum Products

    1.0

    12.0

    Miscellaneous Manufactures

    10.3

    12.8

    Rubber Products

    8.4

    14.1

     
    Losers           Year-on-Year Growth (percent)          
    September 2006 August 2006
    (revised)
     

    Machinery Excluding Electrical*

    -76.2

    -75.7

    Footwear and Wearing Apparel*

    -14.8

    1.2

    Chemical Products

    -4.8

    -7.9

    Textiles

    -10.9

    -20.8

    Transport Equipment

    -5.4

    -8.4

    Tobacco

    -9.2

    -18.7

    Wood and Wood Products

    -14.7

    -0.9

    Furniture and Fixtures

    -22.2

    -15.0

    Publishing and Printing*

    -5.1

    -27.1

    Leather Products*

    -34.0

    -3.2

    Paper and Paper Products

    -1.1

    -5.7

    TABLE 2-A. VALUE OF NET SALES, August 2006 - September 2006(concluded)
    (1994=100)

                                Gainers                                   Month-on-Month Growth (percent)      
    September 2006 August 2006
    (revised)
     

    Beverages

    14.4

    12.2

    Electrical Machinery

    4.2

    6.6

    Tobacco

    10.3

    -2.1

    Chemical Products

    2.5

    -10.9

    Transport Equipment

    4.6

    2.4

    Non-Metallic Mineral Products

    4.7

    9.3

    Furniture and Fixtures

    9.7

    -1.0

    Miscellaneous Manufactures

    3.1

    -6.4

    Petroleum Products

    0.2

    -5.4

    Machinery Excluding Electrical*

    0.6

    -20.8

    Textiles

    0.1

    3.3

     
    Losers       Month-on-Month Growth (percent)      
    September 2006 August 2006
    (revised)
     

    Footwear and Wearing Apparel*

    -12.5

    10.2

    Basic Metals

    -2.0

    -13.7

    Publishing and Printing*

    -9.2

    -1.0

    Wood and Wood Products

    -7.5

    3.7

    Leather Products*

    -30.7

    -2.2

    Rubber Products

    -5.3

    -4.2

    Fabricated Metal Products*

    -1.2

    4.1

    Paper and Paper Products

    -0.4

    -5.0

    Food Manufacturing

    b/

    6.6


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

    b/ - Less than 0.1 percent decrease

    Sectors are ranked according to their contribution to the overall 1994-based September 2006 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 2006 - September 2006
    (1994=100)

                                Gainers                                       Year-on-Year Growth (percent)          
    September 2006 August 2006
    (revised)
     

    Basic Metals

    20.4

    27.7

    Beverages

    18.5

    11.6

    Food Manufacturing

    1.1

    1.3

    Miscellaneous Manufactures

    15.3

    18.1

    Fabricated Metal Products*

    8.8

    -1.7

    Publishing and Printing*

    4.7

    -9.2

     
    Losers           Year-on-Year Growth (percent)          
    September 2006 August 2006
    (revised)
     

    Electrical Machinery

    -30.2

    -36.4

    Footwear and Wearing Apparel*

    -33.5

    -18.5

    Machinery Excluding Electrical*

    -79.8

    -80.9

    Transport Equipment

    -10.7

    -13.0

    Chemical Products

    -5.0

    -8.7

    Textiles

    -15.4

    -23.3

    Tobacco

    -14.2

    -23.2

    Wood and Wood Products

    -20.2

    -8.1

    Petroleum Products

    -1.5

    -0.6

    Paper and Paper Products

    -4.9

    -9.8

    Non-Metallic Mineral Products

    -2.4

    -13.4

    Furniture and Fixtures

    -10.2

    -3.7

    Leather Products*

    -47.3

    -22.7

    Rubber Products

    -5.2

    -1.1

    TABLE 2-B. VOLUME OF NET SALES, August 2006 - September 2006 (concluded)
    (1994=100)

                                Gainers                                   Month-on-Month Growth (percent)      
    September 2006 August 2006
    (revised)
     

    Beverages

    14.4

    12.2

    Petroleum Products

    5.3

    0.7

    Electrical Machinery

    4.2

    9.3

    Transport Equipment

    5.8

    4.1

    Tobacco

    10.3

    -1.9

    Chemical Products

    2.6

    -11.0

    Non-Metallic Mineral Products

    4.9

    10.9

    Furniture and Fixtures

    11.3

    4.3

    Miscellaneous Manufactures

    3.8

    -5.4

    Machinery Excluding Electrical*

    0.3

    -20.5

     
    Losers       Month-on-Month Growth (percent)      
    September 2006 August 2006
    (revised)
     

    Footwear and Wearing Apparel*

    -15.2

    9.3

    Basic Metals

    -3.2

    -13.3

    Publishing and Printing*

    -9.2

    -1.0

    Wood and Wood Products

    -7.1

    3.6

    Fabricated Metal Products*

    -3.9

    3.9

    Food Manufacturing

    -0.3

    6.1

    Textiles

    -1.5

    3.2

    Leather Products*

    -30.7

    -4.7

    Rubber Products

    -5.3

    -4.2

    Paper and Paper Products

    -0.6

    -4.7


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

    Sectors are ranked according to their contribution to the overall 1994-based September 2006 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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