Monthly Integrated Survey of Selected Industries : September 2018

Reference Number: 

2018-173

Release Date: 

Tuesday, November 6, 2018

 

Table A   Year-on-Year Growth Rates for Production Index, Net Sales Index

and Producer Price Index: September 2018 and September 2017

TOTAL MANUFACTURING

SEPTEMBER
2018
SEPTEMBER
2017

Production Index (2000=100)

 

 

       Value       (VaPI)

3.7

-6.2

       Volume    (VoPI)

4.0

-5.7

Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

5.6

-4.8

       Volume     (VoNSI)

6.0

-4.3

Producer Price Index (2000=100)

-0.3r

-0.5

r - revised

  • Value of Production Index accelerates in September 2018

The Value of Production Index (VaPI) for manufacturing rose by 3.7 percent in September 2018 compared with the negative growth rate of 6.2 percent in the same month of the previous year, based from the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI).

Significant increases in VaPI were attributed to the eight major industry groups that exhibited two-digit growth, namely: textiles (51.3%), petroleum products (50.3%), miscellaneous manufactures (21.5%), machinery except electrical (18.2%), transport equipment (17.7%), electrical machinery (17.4%), paper and paper products (16.7%) and beverages (13.6%). Refer to Tables1-A and 1.

  • Volume of Production Index posts increases

The Volume of Production Index (VoPI) registered a positive growth rate of 4.0 percent in September 2018 compared with the 5.7 percent decrement during the same month of the previous year.

The increase was brought about by the increments noted in 11 major industries, with six  industry groups registering two-digit increases in VoPI as follows: textiles (44.7%), petroleum products (26.7%), machinery except electrical (20.1%), miscellaneous manufactures (16.5%), transport equipment (16.2%) and non-metallic mineral products (13.3%). Refer to Tables 1-B and 2.

 

 

 

  • Value of Net Sales Index sustains a positive growth

The Value of Net Sales Index (VaNSI) depicted an annual increment of 5.6 percent in September 2018 from a decrement of 4.8 percent in the same month of 2017.

Thirteen of the 20 major industries contributed to the growth in VaNSI with significant increases posted by the following: petroleum products (28.1%), wood and wood products (21.9%), paper and paper products (19.2%), miscellaneous manufactures (18.6%) and tobacco products (15.9%). Refer to Tables 2-A and 3.

  • Volume of Net Sales Index, likewise, grows

The Volume of Net Sales Index (VoNSI) in September 2018 recorded an increase of 6.0 percent from a decline of 4.3 percent during the same month of the previous year.

Eleven major industries showed increases in VoNSI, with four major industry groups primarily contributing to the growth, namely: wood and wood products (25.9%), paper and paper products (14.3%), furniture and fixtures (14.1%) and non-metallic mineral products (11.9%). Refer to Tables 2-B and 4.

 

 

Average Capacity Utilization Rate in September 2018 is 84.2 percent with petroleum products posting the highest among the industries

Average capacity utilization rate in September 2018 for total manufacturing was recorded at 84.2 percent. Fifty-five percent or 11 of the 20 major industries operated at least 80 percent capacity utilization rates. These are:

  • petroleum products (89.7%)
  • basic metals (89.0%)
  • non-metallic mineral products (86.4%)
  • machinery except electrical (86.0%)
  • chemical products (85.2%)
  • electrical machinery (85.1%)
  • food manufacturing (84.8%)
  • paper and paper products (83.7%)
  • rubber and plastic products (83.3%)
  • wood and wood products (81.5%)
  • textiles (80.3%)

The proportion of establishments that operated at full capacity (90% to 100%) was more than one-fourth of the total number of establishments (26.6%) in September 2018. About 55.1 percent of the total establishments operated at 70 percent to 89 percent capacity while almost one-fifth of the total establishments (18.3%) operated below 70 percent capacity. Refer to Tables B and 6.

 

Table B  Distribution of Key Manufacturing Establishments by Capacity Utilization

for Total Manufacturing: September 2018

Capacity Utilization

Percent Share

Below 50%

3.6

50% - 59%

4.5

60% - 69%

10.2

70% - 79%

 21.6

80% - 89%

 33.5

 90% - 100%

 26.6

 

 

 

 

LISA GRACE S. BERSALES, Ph. D.

Undersecretary

National Statistician and Civil Registrar General

 

 

 


 

TABLE 1-A Value of Production Index, August 2018 and September 2018

(2000 =100)

 

Industry Group

Year-on-Year Growth (%)

September 2018
August 2018
(revised)

Gainers

 

 

Petroleum products

50.3

60.9

Electrical machinery

17.4

18.3

Machinery except electrical

18.2

21.5

Textiles

51.3

46.3

Transport equipment

17.7

3.2

Beverages

13.6

43.0

Chemical products

8.4

-6.0

Miscellaneous manufactures

21.5

30.2

Paper and paper products

16.7

25.5

Basic Metals

6.7

5.8

Losers

 

 

Food manufacturing

-11.2

1.7

Printing

-68.6

-66.9

Tobacco products

-24.4

-35.1

Fabricated metal products

-26.5

-19.9

Footwear and wearing apparel

-12.5

-6.7

Rubber and plastic products

-6.9

9.0

Furniture and fixtures

-5.9

-5.0

Non-metallic mineral products

-0.6

-1.7

Leather products

-6.1

-3.0

Wood and wood products

-0.9

6.6

 
 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based September 2018 growth rate.
   Year-on-year growth rates are computed by dividing the current month index by the previous year’s same month index, less 1.
 
 
 

TABLE 1-B  Volume of Production Index, August 2018 and September 2018

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

September 2018
August 2018
(revised)

Gainers

 

 

Petroleum products

26.7

37.9

Machinery except electrical        

20.1

24.8

Electrical machinery

8.9

11.1

Textiles

44.7

39.7

Transport equipment

16.2

2.0

Chemical products

8.9

-4.7

Non-metallic mineral products

13.3

11.1

Miscellaneous manufactures

16.5

25.6

Paper and paper products

9.2

21.4

Furniture and fixtures

6.2

7.0

Wood and wood products

2.9

8.5

Losers

 

 

Food manufacturing

-10.7

1.7

Tobacco products

-50.4

-57.6

Printing

-69.9

-68.3

Footwear and wearing apparel

-13.9

-6.1

Fabricated metal products

-23.7

-13.6

Rubber and plastic products

-6.1

10.3

Basic metals

-0.5

-1.7

Leather products

-4.2

3.9

Beverages

-0.1

25.7

 

Notes:    Major Industries are ranked according to their contribution to the overall 2000-based September 2018 growth rate.
   Year-on-year growth rates are computed by dividing the current month index by the previous year’s same month index, less 1.
 
 
 
 
TABLE 2-A  Value of Net Sales Index, August 2018 and September 2018

(2000 =100)

 

Industry Group

Year-on-Year Growth (%)

September 2018
August 2018
(revised)

Gainers

 

 

Petroleum products

28.1

36.0

Food manufacturing

6.8

15.9

Machinery except electrical

7.7

10.8

Electrical machinery

2.8

11.9

Basic metals

8.5

13.9

Miscellaneous manufactures

18.6

17.9

Paper and paper products

19.2

26.2

Transport equipment

8.0

-1.0

Tobacco products

15.9

25.1

Beverages

4.4

25.1

Wood and wood products

21.9

17.4

Furniture and fixtures

4.6

8.6

Rubber and plastic products

2.8

14.2

Losers

 

 

Chemical products

-7.2

-6.6

Textiles

-24.4

-20.7

Fabricated metal products

-26.8

4.0

Printing

-7.2

-11.9

Leather products

-17.6

-15.7

Non-metallic mineral products

-0.7

-1.1

Footwear and wearing apparel

-0.6

11.8

 
 
 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based September 2018 growth rate.
   Year-on-year growth rates are computed by dividing the current month index by the same month index of the previous year, less 1.

 

 

TABLE 2-B  Volume of Net Sales Index, August 2018 and September 2018

(2000 = 100)

 

Industry Group

Year-on-Year Growth (%)

September 2018
August 2018
 (revised)

Gainers

 

 

Food manufacturing

9.8

18.5

Petroleum products

7.1

15.5

Machinery except electrical

6.7

10.9

Transport equipment

9.1

1/

Non-metallic mineral products

11.9

10.6

Paper and paper products

14.3

25.1

Miscellaneous manufactures

8.0

8.0

Wood and wood products

25.9

18.9

Furniture and fixtures

14.1

18.2

Rubber and plastic products

6.3

18.4

Basic metals

1.4

6.2

Losers

 

 

Electrical machinery

-5.3

4.3

Chemical products

-5.6

-4.2

Textiles

-27.4

-24.0

Tobacco products

-23.6

-17.6

Beverages

-9.6

8.3

Fabricated metal products

-24.0

12.2

Printing

-11.0

-15.5

Footwear and wearing apparel

-1.7

12.9

Leather products

-15.7

-9.1

 
 
 
Notes:    1/ - Less than 0.1 percent increase
   Major Industries are ranked according to their contribution to the overall 2000-based September 2018 growth rate.
   Year-on-year growth rates are computed by dividing the current month index by the same month index of the previous year, less 1.

 

 

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