Monthly Integrated Survey of Selected Industries : September 2007

Reference Number: 

2007-090

Release Date: 

Friday, November 23, 2007

 

Total Manufacturing

September 2007

August 2007

Year-on-Year Growth

 

    Production Index (1994=100)

 

            Value (VaPI)

0.7

-4.5r

            Volume (VoPI)

-1.0

-5.7r

    Net Sales

 

            Value

2.8

1.2r

            Volume

0.2

-0.6r

    Producer Price Index (1994=100)

1.6r

1.3r

    Average Capacity Utilization

80.6

80.5r

              r-revised

·  Value of Production improves in September 2007

Value of Production Index (VaPI) for the manufacturing industry recovered at a slower rate of 0.7 percent in September 2007 compared to a (revised) decrease of 4.5 percent during the previous month, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Twelve major sectors reported expansion in production, with two-digit increases noted in the following: leather products, wood and wood products, chemical products, transport equipment and publishing and printing. Refer to Tables 1-A and 1 .

Likewise, VaPI on a monthly basis posted growth of 0.4 percent in September 2007 from the (revised) decrease of 1.8 percent in August 2007. Although 11 major sectors posted decreases, this was offset by the increases in nine (9) major sectors with two-digit increases observed in basic metals and publishing and printing. Refer to Tables 1-A and 1.

·  Volume of Production Index is still down

On a yearly basis, Volume of Production Index (VoPI) continued to tumble as it posted a decrease of 1.0 percent, but this was an improvement from the (revised) decrease of 5.7 percent in August 2007. Nine (9) major sectors reported decrease in factory output, outpacing the increases in the 11 major sectors. Refer to Tables 2 and 1-B.

On a month-on-month basis, VoPI posted an increase of 0.4 percent in September 2007 from its previous month's decrease (revised) of 1.4 percent. This was mainly due to the increases observed in nine (9) major sectors that offset the decreases reported by 11 major sectors. Refer to Tables 2 and 1-B.

·  Value of Net Sales grows further in September 2007

However, Value of Net Sales continued to rise as it posted a year-on-year growth of 2.8 percent in September 2007. Major sectors that reported substantial increase in sales were the following: transport equipment, publishing and printing, chemical products, paper and paper products, beverages and non-metallic mineral products. Refer to Tables 2-A and 3.

On a monthly basis, Value of Net Sales improved by 2.4 percent in September 2007 from a drop (revised) of 1.3 percent in August 2007. This was due to the two-digit sales increase in the following major sectors: leather products, transport equipment and paper and paper products. Refer to Tables 2-A and 3.

·  Volume of Net Sales also shows improvement

On a yearly basis, Volume of Net Sales reflected a slow growth of 0.2 percent in September 2007 compared to the previous month's (revised) decrease of 0.6 percent. This was brought about by the impressive sales performances of the following major sectors: transport equipment, furniture and fixtures, paper and paper products, beverages, miscellaneous manufactures and chemical products. Refer to Tables 2-B and 4.

Volume of Net Sales, on a monthly basis, stepped up by 2.5 percent in September 2007 from its previous month's drop (revised) of 0.6 percent. Major sectors that made significant increases in sales volume were the following: leather products, paper and paper products and transport equipment. Refer to Tables 2-B and 4.

·  Capacity Utilization

Average capacity utilization in September 2007 for total manufacturing was estimated at 80.6 percent. Major sectors that registered more than 80% capacity utilization rates were the following: basic metals, machinery excluding electrical, miscellaneous manufactures, paper and paper products, leather products, petroleum products, electrical machinery, rubber products, food manufacturing and chemical products. Refer to Table 6.

The proportion of establishments that operated at full capacity (90% to 100%) was 11.0 percent in September 2007. More than half or 56.9 percent of the establishments operated at 70% to 89% capacity while 32.1 percent of the establishments operated below 70% capacity.

Distribution of Key Manufacturing Establishments by Capacity Utilization
Total Manufacturing, September 2007

(In percent)

Capacity Utilization

Percent Share

Below 50 percent

3.4

50 percent - 59 percent

9.6

60 percent - 69 percent

19.1

70 percent - 79 percent

20.1

80 percent - 89 percent

36.8

90 percent - 100 percent

11.0

 

·  Response Rates

The response rates for the September 2007 MISSI and PPS are 86.8 percent and 94.1 percent, respectively. Refer to Tables 7 and 8.

Response Rates for Total Manufacturing
(In percent)

 

September 2007

August 2007
(revised)

MISSI

86.8

94.0r

PPS

94.1r

96.7r

 

                       r-revised

·  Technical Notes

For the 2007 monthly issues, the 2000 based series of MISSI indices and PPI are simultaneously released with the 1994 based indicators. The 2000 based series for 2001 to 2006 were earlier made available in separate Special Release.

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 2007 - September 2007
(1994 =100)
 

 

Gainers

Year-on-Year Growth (percent)

 

September 2007

August 2007
(revised)

 

 

 

Chemical Products

23.6

-12.9

 

Food Manufacturing

7.3

2.6

 

Transport Equipment

18.4

7.5

 

Petroleum Products

6.7

4.9

 

Wood and Wood Products

50.5

36.1

 

Basic Metals

8.2

-11.6

 

Non-Metallic Mineral Products

7.1

11.6

 

Publishing and Printing*

10.5

2.9

 

Leather Products*

66.5

12.0

 

Paper and Paper Products

3.6

10.1

 

Fabricated Metal Products*

1.7

15.8

 

Machinery Excluding Electrical*

1.3

-12.4

 

 

 

 

 

Losers

Year-on-Year Growth (percent)

September 2007

August 2007
(revised)

 

Electrical Machinery

-28.4

-20.4

Tobacco

-40.5

-32.6

Textiles

-21.3

-18.0

Footwear and Wearing Apparel*

-3.4

-13.6

Miscellaneous Manufactures

-9.0

-9.5

Beverages

-1.2

14.5

Furniture and Fixtures

-9.9

-7.3

Rubber Products

-6.6

-17.0

 

 

TABLE 1-A. VALUE OF PRODUCTION INDEX, August 2007 - September 2007(concluded)
(1994=100)
 

 

Gainers

Month-on-Month Growth (percent)

 

September 2007

August 2007
(revised)

 

 

 

Basic Metals

27.6

-5.2

 

Food Manufacturing

5.7

0.3

 

Electrical Machinery

7.7

-11.9

 

Transport Equipment

8.7

3.1

 

Footwear and Wearing Apparel*

8.8

-11.5

 

Publishing and Printing*

10.0

-20.4

 

Machinery Excluding Electrical*

3.8

1.2

 

Miscellaneous Manufactures

0.6

11.5

 

Leather Products*

3.4

4.6

 

 

 

 

 

Losers

Month-on-Month Growth (percent)

September 2007

August 2007
(revised)

 

Petroleum Products

-10.9

-2.9

Chemical Products

-4.3

6.9

Tobacco

-14.0

-3.3

Textiles

-9.6

-0.4

Beverages

-4.3

3.4

Fabricated Metal Products*

-9.2

0.7

Non-Metallic Mineral Products

-2.9

-3.3

Paper and Paper Products

-2.1

14.3

Rubber Products

-5.1

3.5

Furniture and Fixtures

-3.8

1.0

Wood and Wood Products

-2.1

14.7

 

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

Sectors are ranked according to their contribution to the overall 1994-based September 2007 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 2007 - September 2007
(1994 = 100)
 

 

Gainers

Year-on-Year Growth (percent)

 

September 2007

August 2007
(revised)

 

 

 

Chemical Products

19.7

-15.2

 

Petroleum Products

6.3

10.5

 

Transport Equipment

13.2

5.5

 

Wood and Wood Products

57.1

42.8

 

Food Manufacturing

1.9

-2.8

 

Non-Metallic Mineral Products

2.4

8.0

 

Leather Products*

55.6

5.1

 

Paper and Paper Products

3.8

8.7

 

Fabricated Metal Products*

2.5

13.5

 

Furniture and Fixtures

2.1

7.4

 

Miscellaneous Manufactures

1.2

1.0

 

 

 

 

 

Losers

Year-on-Year Growth (percent)

September 2007

August 2007
(revised)

 

Electrical Machinery

-25.6

-18.2

Tobacco

-40.2

-32.3

Textiles

-21.0

-19.1

Basic Metals

-5.3

-23.9

Footwear and Wearing Apparel*

-5.4

-17.4

Publishing and Printing*

-8.7

-14.9

Beverages

-1.9

13.7

Rubber Products

-5.8

-16.9

Machinery Excluding Electrical*

-0.9

-13.5

 

 

TABLE 1-B. VOLUME OF PRODUCTION INDEX, August 2007 - September 2007(concluded)
(1994=100)
 

 

Gainers

Month-on-Month Growth (percent)

 

September 2007

August 2007
(revised)

 

Basic Metals

28.3

-4.9

Electrical Machinery

9.0

-12.1

 

Food Manufacturing

5.5

0.4

 

Transport Equipment

8.9

3.8

 

Footwear and Wearing Apparel*

10.4

-7.5

 

Publishing and Printing*

10.0

-20.4

 

Machinery Excluding Electrical*

2.5

1.4

 

Leather Products*

3.1

4.6

 

Miscellaneous Manufactures

0.4

11.1

 

 

 

Losers

Month-on-Month Growth (percent)

 

September 2007 August 2007
(revised)

Petroleum Products

-11.5

-1.1

 

Chemical Products

-4.9

7.1

 

Tobacco

-14.0

-3.3

 

Textiles

-9.6

-0.4

 

Beverages

-4.3

3.4

 

Fabricated Metal Products*

-9.2

1.3

 

Non-Metallic Mineral Products

-3.9

0.6

 

Rubber Products

-4.4

3.8

 

Furniture and Fixtures

-4.5

-1.0

 

Wood and Wood Products

-2.1

14.6

 

Paper and Paper Products

-0.7

17.0

 

 

Notes * - new sectors in the 1994-based series

Sectors are ranked according to their contribution to the overall 1994-based September 2007 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 2007 - September 2007
 

 

Gainers

Year-on-Year Growth (percent)

 

September 2007

August 2007
(revised)

 

 

 

Transport Equipment

32.4

22.3

 

Chemical Products

15.3

13.6

 

Food Manufacturing

8.5

3.2

 

Beverages

13.6

19.0

 

Non-Metallic Mineral Products

11.0

10.4

 

Paper and Paper Products

14.0

1.9

 

Publishing and Printing*

19.1

36.9

 

Tobacco

1.4

16.5

 

Furniture and Fixtures

6.4

14.4

 

Miscellaneous Manufactures

1.1

3.6

 

 

 

 

 

Losers

Year-on-Year Growth (percent)

September 2007

August 2007
(revised)

 

Electrical Machinery

-15.3

-16.5

Textiles

-28.8

-22.3

Petroleum Products

-6.4

-4.2

Basic Metals

-6.9

-12.4

Footwear and Wearing Apparel*

-4.4

-14.3

Fabricated Metal Products*

-7.1

-5.7

Leather Products*

-49.0

-58.9

Machinery Excluding Electrical*

-3.2

-18.3

Rubber Products

-5.7

-9.8

Wood and Wood Products

-0.7

11.1

 

 

TABLE 2-A. VALUE OF NET SALES, August 2007 - September 2007(concluded)
 

 

Gainers

Month-on-Month Growth (percent)

 

September 2007

August 2007
(revised)

 

 

 

Chemical Products

5.9

3.4

 

Electrical Machinery

5.6

-0.9

 

Food Manufacturing

3.2

2.6

 

Transport Equipment

10.4

1.2

 

Beverages

9.1

-0.6

 

Basic Metals

5.3

-8.1

 

Paper and Paper Products

10.1

4.3

 

Non-Metallic Mineral Products

3.9

-7.4

 

Miscellaneous Manufactures

2.9

-3.7

 

Leather Products*

22.3

-7.6

 

 

 

 

 

Losers

Month-on-Month Growth (percent)

September 2007

August 2007
(revised)

 

Textiles

-12.4

-0.6

Petroleum Products

-2.1

-8.8

Tobacco

-8.6

2.6

Publishing and Printing*

-13.1

8.9

Wood and Wood Products

-13.0

2.9

Fabricated Metal Products*

-7.1

-8.5

Footwear and Wearing Apparel*

-2.1

-4.0

Furniture and Fixtures

-1.3

-0.2

Rubber Products

-0.9

-13.5

Machinery Excluding Electrical*

-0.2

-2.6

 

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

Sectors are ranked according to their contribution to the overall 1994-based September 2007 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 2007 - September 2007
 

 

Gainers

Year-on-Year Growth (percent)

 

September 2007

August 2007
(revised)

 

Transport Equipment

26.6

20.1

Chemical Products

11.7

10.7

 

Beverages

12.7

18.1

 

Food Manufacturing

3.0

-2.2

 

Paper and Paper Products

14.2

0.5

 

Non-Metallic Mineral Products

6.1

6.8

 

Miscellaneous Manufactures

12.4

15.6

 

Furniture and Fixtures

20.6

32.6

 

Tobacco

1.8

17.0

 

Wood and Wood Products

3.7

16.6

 

 

 

Losers

Year-on-Year Growth (percent)

 

September 2007 August 2007
(revised)

Electrical Machinery

-12.1

-14.2

 

Basic Metals

-18.4

-24.6

 

Textiles

-28.6

-23.4

 

Petroleum Products

-6.7

0.9

 

Footwear and Wearing Apparel*

-6.4

-18.1

 

Fabricated Metal Products*

-6.4

-7.5

 

Leather Products*

-52.3

-61.5

 

Machinery Excluding Electrical*

-5.3

-19.3

 

Rubber Products

-4.9

-9.7

 

Publishing and Printing*

-1.5

13.2

 

 

 

TABLE 2-B. VOLUME OF NET SALES, August 2007 - September 2007 (concluded)
 

 

Gainers

Month-on-Month Growth (percent)

 

September 2007

August 2007
(revised)

 

 

 

Electrical Machinery

7.0

-1.1

 

Transport Equipment

10.6

1.9

 

Chemical Products

5.2

3.7

 

Food Manufacturing

3.0

2.7

 

Beverages

9.1

-0.6

 

Basic Metals

5.9

-7.8

 

Paper and Paper Products

11.7

6.8

 

Non-Metallic Mineral Products

2.8

-3.6

 

Leather Products*

21.9

-7.6

 

Miscellaneous Manufactures

2.6

-4.3

 

 

 

 

 

Losers

Month-on-Month Growth (percent)

September 2007

August 2007
(revised)

 

Textiles

-12.4

-0.7

Petroleum Products

-2.6

-7.1

Tobacco

-8.6

2.6

Publishing and Printing*

-13.1

8.9

Wood and Wood Products

-13.0

2.9

Fabricated Metal Products*

-7.1

-7.9

Footwear and Wearing Apparel*

-0.6

0.3

Machinery Excluding Electrical*

-1.4

-2.4

Furniture and Fixtures

-2.1

-2.2

Rubber Products

-0.1

-13.3

 

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

Sectors are ranked according to their contribution to the overall 1994-based September 2007 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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