• Value of Production Index grows in September 2013

Value of Production Index (VaPI) for the manufacturing reflected an annual increment of 8.6 percent in September 2013, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was accounted for by the consistent three-digit growth in VaPI for chemical products (156.2%) and two-digit growth in five major sectors. These sectors are furniture and fixtures (50.2%), leather products (44.5%), tobacco products (25.0%), publishing and printing (21.4%), and wood and wood products (17.8%). Refer to Tables 1-A and 1.

On a monthly basis, VaPI further increased by 4.0 percent in September 2013 from 1.8 percent growth in August 2013. Twelve major sectors exhibited increases in VaPI, with two-digit growth in the following: leather products (34.7%), machinery except electrical (27.9%), miscellaneous manufactures (14.9%), and chemical products (12.0%). Refer to Tables 1-A and 1.

• Volume of Production sustains its two-digit growth

Volume of Production Index (VoPI) shows a two-digit annual growth of 16.3 percent in September 2013. The two major sectors that mainly influenced the increase in VoPI were chemical products and furniture and fixtures, registering growth of 173.3 percent and 167.9 percent, respectively. Other major sectors that contributed to the growth with two-digit increases were leather products (43.0%), tobacco products (34.4%), basic metals (21.8%), wood and wood products (13.3%), publishing and printing (11.4%), and rubber and plastic products (10.1%). Refer to Tables 1-B and 2.

On a month-on-month comparison, VoPI moved up increasingly to a growth of 5.3 percent in September 2013. Five major sectors exhibited two-digit increases in VoPI, namely: leather products (35.0%), machinery except electrical (31.4%), miscellaneous manufactures (16.7%), chemical products (13.3%), and electrical machinery (11.6%). Refer to Tables 1-B and 2.

• Value of Net Sales post two-digit growth in September 2013

Value of Net Sales Index (VaNSI) maintained a two-digit growth rate registering at 21.3 percent in September 2013. Significant expansion in sales value was notably observed in chemical products with an annual growth of 192.6 percent. This was followed by eight other major sectors that posted two-digit increases, namely: furniture and fixtures (46.4%), machinery except electrical (38.5%), leather products (29.8%), textiles (26.4%), wood and wood products (26.0%), tobacco products (23.6%), basic metals (12.8%), and petroleum products (12.5%). Refer to Tables 2-A and 3.

On a month-on-month change, VaNSI grew 4.5 percent in September 2013. Among the 14 major sectors reporting increases in VaNSI, five major sectors significantly contributed to the increase, namely: publishing and printing (20.7%), leather products (12.7%), textiles (12.2%), chemical products (12.0%), and miscellaneous manufactures (11.8%). Refer to Tables 2-A and 3.

• Volume of Net Sales Index slightly accelerates

Volume of Net Sales Index (VoNSI) continues to gain as it posted an annual growth of 29.9 percent in September 2013. This was due to the growth in 10 out of 12 major sectors that registered increases in VoNSI, with chemical products and furniture and fixtures posted the largest increase of 212.3 percent and 161.2 percent, respectively. This was followed by other eight major sectors that posted two-digit increases, namely: machinery except electrical (54.9%), tobacco products (33.0%), basic metals (31.0%), leather products (28.4%), textiles (24.4%), wood and wood products (21.1%), rubber and plastic products (14.4%), and petroleum products (11.2%). Refer to Tables 2-B and 4.

On a monthly basis, VoNSI also accelerated posting a rate of 5.8 percent in September 2013. The 14 major contributing sectors were led by publishing and printing (20.7%), miscellaneous manufactures (13.5%), chemical products (13.2%), leather products (12.9%), textiles (12.2%), and electrical machinery (10.5%). Refer  to  Tables 2-B and 4.

• Capacity Utilization in September 2013 is 83.5 percent

Average capacity utilization in September 2013 for total manufacturing was recorded at 83.5 percent. More than 50 percent or eleven of the 20 major sectors registered capacity utilization rates of above 80 percent.  These are:

• petroleum products (88.4%)
• basic metals (87.6%)
• non-metallic mineral products (86.1%)
• machinery except electrical (85.3%)
• food manufacturing (84.7%)
• electrical machinery (84.6%)
• chemical products (83.4%)
• paper and paper products (83.3%)
• rubber and plastic products (82.4%)
• wood and wood products (81.4%)
• publishing and printing (81.1%)

The proportion of establishments that operated at full capacity (90% to 100%) was 22.9 percent in September 2013. About 54.5 percent of the establishments operated at 70% to 89% capacity while 22.6 percent of the establishments operated below 70% capacity. Refer to Table 6.

• Reponse Rate

The response rates for the September 2013 MISSI and PPS are 80.8 percent and 92.9 percent, respectively.  Refer to Tables 7 and 8.

Data of non-responding samples were estimated based on previous records and other administrative reports of these establishments.  Revisions to the preliminary estimates are done upon receipt of actual reports of late respondents.