PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : May 2012

Release Date:
July 17, 2012

 

  • Value of Production grows at a slower pace in May 2012

Value of Production Index (VaPI) for total manufacturing increased at a slower rate of 4.7 percent in May 2012, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was attributed to the diminished production values in furniture and fixtures and publishing and printing. However, a three-digit increase in production values were exhibited by transport equipment and footwear and wearing apparel sectors, registering a growth of 128.8 percent and 121.8 percent, respectively. Refer to Tables 1-A and 1.

On the other hand, on a monthly comparison, VaPI grew to 4.6 percent in May 2012, showing an improvement from its previous month's decline of 9.6 percent. This was contributed by 18 major sectors, with two-digit increase noted in the following: footwear and wearing apparel (23.1%), fabricated metal products (20.0%), machinery except electrical (14.7%), petroleum products (13.4%) and leather products (12.5%). Refer to Tables 1-A and 1.

 

  • Volume of Production increases in May 2012.

On a year-on-year basis, Volume of Production Index (VoPI) likewise posted a minimal increase of 3.1 percent in May 2012. This was accounted for the three-digit growth in production output of footwear and wearing apparel (124.7%), transport equipment (118.2%) and furniture and fixtures (103.4%). Refer to Tables 1-B and 2.

On a month-on-month basis, VoPI recovered as it posted an increase of 4.9 percent in May 2012 from the previous month's drop of 9.1 percent. Among the 16 major sectors that reported increase in production output, five major sectors significantly contributed to the growth, namely: footwear and wearing apparel (23.1%), fabricated metal products (22.2%), petroleum products (19.2%), machinery except electrical (13.8%) and leather products (12.5%). Refer to Tables 1-B and 2.

Figure 1

 

Figure 2

  • Value of Net Sales posts a slower growth

Value of Net Sales Index (VaNSI) on a year-on-year basis increased modestly at 1.0 percent in May 2012. This was attributed to the slowdown in production values of the non-metallic mineral products (4.5%), chemical products (3.2%) and food manufacturing (1.2%). While the major contributing sector with significant increase in value of production was footwear and wearing apparel, with three-digit increment of 116.5 percent. Refer to Tables 2-A and 3.

On a monthly basis, however, VaNSI slightly gained 2.9 percent in May 2012 from a 5.6 percent slide last month. Significant expansion in sales value were reported by six out of 18 major sectors, namely: footwear and wearing apparel (32.7%), leather products (21.6%), furniture and fixtures (17.8%), fabricated metal products (14.3%), textiles (13.5%) and beverages (11.3%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales declines

Volume of Net Sales Index (VoNSI) slipped to 0.5 percent in May 2012 from a positive rate of 4.8 percent a year ago. This was due to the decline in sales volume exhibited by six major sectors, outpacing the overall increase reported by 14 major sectors. Refer to Tables 2-B and 4.

VoNSI, on a month-on-month change, modestly expanded to 3.1 percent in May 2012 from a 5.1 percent decrease the previous month. Seven of the 17 major sectors significantly contributed to the increase, as follows: footwear and wearing apparel (32.6%), leather products (21.6%), fabricated metal products (16.4%), textiles (13.5%), furniture and fixtures (12.8%), beverages (11.2%) and chemical products (10.4%). Refer to Tables 2-B and 4.

Figure 3

 

  • Capacity Utilization in May 2012

     

Average capacity utilization in May 2012 for total manufacturing stood at 83.5 percent. Eleven of the 20 major sectors registered capacity utilization rates of 80 percent or more, namely:

The proportion of establishments that operated at full capacity (90% to 100%) was 19.1 percent in May 2012. About 58.2 percent of the establishments operated at 70% to 89% capacity while 22.7 percent of the establishments operated below 70% capacity.

  • food manufacturing (86.8)
  • petroleum products (86.8)
  • basic metals (85.6)
  • electrical machinery (84.6)
  • machinery except electrical (84.6)
  • non-metallic mineral products (84.3)
  • miscellaneous manufactures (82.9)
  • rubber and plastic products (82.7)
  • chemical products (82.2)
  • paper and paper products (81.0)
  • wood and wood products (80.0)
Below 50 percent 3.9
50 percent - 59 percent 6.8
60 percent - 69 percent 12.0
70 percent - 79 percent 18.6
80 percent - 89 percent 39.6
90 percent - 100 percent 19.1

            Table B   Distribution of Key Manufacturing Establishments
                             by Capacity Utilization for Total Manufacturing:
                             May 2012

Capacity Utilization Percent Share

 

 

                      


TECHNICAL NOTES

  • Introduction

     

The Monthly Integrated of Selected Industries (MISSI) is one of the designated statistical activities undertaken by the National Statistics Office to provide flash indicators on the performance of growth-oriented industries in the manufacturing sector. The survey gathers monthly data on employment, compensation, production, net sales, inventories and capacity utilization.

Beginning with the January 2012 MISSI, the monthly report for the survey will be released earlier, that is, 45 days after each reference month instead of the 55 days.

The indicators generated from the 2012 MISSI are Value of Production Index (VaPI), Volume of Production Index (VoPI), Value of Net Sales (VaNSI), and Volume of Net Sales (VoNSI). However, the VoPI and VoNSI are derived indicators utilizing the 2012 Producer Price Index as deflator.

  • Method of Index Computation

The MISSI utilizes the Laspeyres-type method of index computation where the weights are computed from the value of production of the Census of Philippine Business and Industry (CPBI).

For the 2012 MISSI index series with base year of 2000, the weights of the major sectors and sub-sectors were computed from the results of the 2000 CPBI for manufacturing establishments with average total employment of 20 and over. The weights are computed from the value of products sold plus change in inventories.

The formulas in the computation are as follows:

Figure 1

Figure 2

Figure 3

Figure 4

Figure 5

Figure 6

Figure 7

Figure 8

Figure 9

  • Industry Coverage

The industry coverage of the 2012 MISSI conforms with the amended 1994 PSIC groupings. There are 20 major sectors as shown below with 10 further disaggregated into sub-sectors.

 

 
1994 PSIC CODE INDUSTRY DESCRIPTION
15 except 155 Food Manufacturing*
155 Beverages
16 Tobacco products
17 Textiles*
18,174 and 192 Footwear and wearing apparel
191 Leather products
20 Wood and wood products*
21 Paper and paper products
22 Publishing and printing
23 Petroleum products*
24 Chemical products*
25 Rubber and plastic products*
26 Non-metallic mineral products*
27 Basic metals*
28 Fabricated metal products
29 and 30 Machinery except electrical*
31 and 32 Electrical machinery*
34 and 35 Transport equipment
36 Furniture and fixtures
33, 37 and 39 Miscellaneous manufactures

                                             Note: * - Major sectors categorized into sub-sectors

 

  • Response Rate

The response rates for the May 2012 MISSI and 2012 PPS are 82.2 percent and 91.2 percent, respectively. Refer to Tables 7 and 8

 

MISSI 82.2 91.2r
PPS 91.2r 96.1r

  Table C   Response Rates for Total Manufacturing
           (In percent)

  May 2012 April 2012
(revised)

 

 

Data of non-responding sample establishments are estimated based on previous records and other available sources. Revisions to the preliminary estimated are done upon receipt of actual reports of late respondents.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                                                                                                                       (Sgd.) CARMELITA N. ERICTA
                                                                                                                           Administrator

 

 

 

 

 

 


 

TABLE 1-A. Value of Production Index, April 2012 - May 2012
(2000=100)
 
Gainers Year-on-Year Growth (%)
May 2012 April 2012
(revised)
 

Transport Equipment

128.8

138.4

Footwear and Wearing Apparel

121.8

86.7

Food Manufacturing

10.2

14.4

Machinery Except Electrical

16.4

-1.6

Electrical Machinery

8.1

3.9

Furniture and Fixtures

54.9

126.6

Rubber and Plastic Products

11.5

9.8

Wood and Wood Products

26.5

27.9

Publishing and Printing

9.7

13.4

Leather Products

16.7

21.5

Non-Metallic Mineral Products

0.7

-0.9

 
Losers Year-on-Year Growth (%)
May 2012 April 2012
(revised)
 

Basic Metals

-35.9

-41.6

Tobacco Products

-51.3

-39.4

Miscellaneous Manufactures

-33.1

-2.3

Paper and Paper Products

-19.3

-1.8

Beverages

-7.3

0.7

Petroleum Products

-3.0

-12.5

Fabricated Metal Products

-6.0

-6.0

Textiles

-4.6

b/

Chemical Products

-0.3

-1.6

 

TABLE 1-A. Value of Production Index, April 2012 - May 2012 (concluded)
(2000=100)
 
Gainers Month-on-Month Growth (%)
May 2012 April 2012
(revised)
 

Petroleum Products

13.4

-20.8

Machinery Except Electrical

14.7

-10.0

Electrical Machinery

5.1

-19.9

Footwear and Wearing Apparel

23.1

-10.6

Chemical Products

7.7

-12.4

Beverages

8.5

-11.3

Fabricated Metal Products

20.0

-6.5

Food Manufacturing

1.3

-7.5

Basic Metals

4.1

-23.1

Miscellaneous Manufactures

7.8

-12.7

Rubber and Plastic Products

3.5

-3.5

Tobacco Products

4.9

-15.9

Non-Metallic Mineral Products

2.3

-7.4

Textiles

2.6

-4.5

Leather Products

12.5

-17.7

Furniture and Fixtures

3.0

2.5

Wood and Wood Products

4.0

-0.2

Publishing and Printing

1.5

-19.0

 
Losers Month-on-Month Growth (%)
May 2012 April 2012
(revised)
 

Transport Equipment

-15.4

72.4

Paper and Paper Products

-5.5

3.5

Notes:

b/ - Less than 0.1 percent decrease

Sectors are ranked according to their contribution to the overall 2000-based May 2012 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, April 2012 - May 2012
(2000=100)
 
Gainers Year-on-Year Growth (%)
May 2012 April 2012
(revised)
 

Transport Equipment

118.2

123.0

Footwear and Wearing Apparel

124.7

88.9

Electrical Machinery

7.7

4.2

Machinery Except Electrical

10.0

-6.8

Food Manufacturing

5.3

8.3

Furniture and Fixtures

103.4

234.3

Wood and Wood Products

39.3

40.8

Non-Metallic Mineral Products

7.4

5.8

Rubber and Plastic Products

5.6

3.8

Chemical Products

1.5

-1.2

Leather Products

20.1

25.1

Publishing and Printing

3.4

13.4

 
Losers Year-on-Year Growth (%)
May 2012 April 2012
(revised)
 

Basic Metals

-29.5

-38.2

Tobacco Products

-51.0

-39.0

Petroleum Products

-8.3

-16.7

Miscellaneous Manufactures

-32.5

-2.8

Paper and Paper Products

-18.9

-2.8

Beverages

-7.4

0.7

Textiles

-3.7

2.6

Fabricated Metal Products

-3.1

-4.9

 

TABLE 1-B. Volume of Production Index, April 2012 - May 2012(concluded)
(2000=100)
 
Gainers Month-on-Month Growth (%)
May 2012 April 2012
(revised)

Petroleum Products

19.2

-16.0

Machinery Except Electrical

13.8

-11.1

Electrical Machinery

4.4

-20.0

Chemical Products

9.4

-13.5

Footwear and Wearing Apparel

23.1

-10.6

Basic Metals

9.3

-22.7

Beverages

8.4

-11.3

Fabricated Metal Products

22.2

-6.5

Food Manufacturing

1.9

-6.7

Miscellaneous Manufactures

6.0

-11.9

Tobacco Products

4.9

-15.9

Rubber and Plastic Products

3.1

-3.4

Non-Metallic Mineral Products

2.0

-5.3

Textiles

2.6

-3.9

Leather Products

12.5

-17.7

Wood and Wood Products

4.0

-0.2

 
 
Losers Month-on-Month Growth (%)
May 2012 April 2012
(revised)

Transport Equipment

-14.9

65.4

Paper and Paper Products

-5.6

3.6

Publishing and Printing

-4.3

-19.0

Furniture and Fixtures

-1.4

28.2

Notes

Sectors are ranked according to their contribution to the overall 2000-based May 2012 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 Index, April 2012 - May 2012
(2000=100)
 
Gainers Year-on-Year Growth (%)
May 2012 April 2012
(revised)
 

Footwear and Wearing Apparel

116.5

71.8

Transport Equipment

75.4

96.2

Machinery Except Electrical

15.9

20.9

Textiles

51.9

43.9

Electrical Machinery

5.0

2.1

Tobacco Products

17.6

21.6

Beverages

6.2

8.5

Chemical Products

3.2

11.0

Rubber and Plastic Products

22.7

18.2

Food Manufacturing

1.2

10.4

Non-Metallic Mineral Products

4.5

12.9

Wood and Wood Products

19.0

22.2

Leather Products

38.0

-2.3

Fabricated Metal Products

1.0

-7.5

 
Losers Year-on-Year Growth (%)
May 2012 April 2012
(revised)
 

Basic Metals

-55.2

-55.0

Paper and Paper Products

-17.8

-7.5

Miscellaneous Manufactures

-6.7

9.6

Petroleum Products

-0.6

7.7

Publishing and Printing

-3.1

-0.8

Furniture and Fixtures

-4.3

-6.3

 

TABLE 2-A. Value of Net Sales Index, April 2012 - May 2012
(concluded)
(2000=100)
 
Gainers Month-on-Month Growth (%)
May 2012 April 2012
(revised)
 

Electrical Machinery

6.8

-12.3

Footwear and Wearing Apparel

32.7

-12.9

Chemical Products

8.7

-9.1

Machinery Except Electrical

7.9

-11.4

Beverages

11.3

-9.8

Textiles

13.5

-4.7

Fabricated Metal Products

14.3

-15.1

Food Manufacturing

1.0

-4.3

Furniture and Fixtures

17.8

-27.2

Petroleum Products

1.1

-6.9

Miscellaneous Manufactures

4.5

-10.4

Rubber and Plastic Products

5.9

-1.6

Basic Metals

1.4

-27.5

Leather Products

21.6

-23.8

Non-Metallic Mineral Products

1.6

-5.6

Paper and Paper Products

2.5

-6.5

Publishing and Printing

2.9

-13.0

Wood and Wood Products

3.0

-2.5

 
Losers Month-on-Month Growth (%)
May 2012 April 2012
(revised)
 

Tobacco Products

-5.6

-8.0

Transport Equipment

-15.7

54.2

 

Note:

Sectors are ranked according to their contribution to the overall 2000-based May 2012 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 Index, April 2012 - May 2012
(2000=100)
 
Gainers Year-on-Year Growth (%)
May 2012 April 2012
(revised)

Footwear and Wearing Apparel

119.4

73.8

Transport Equipment

67.3

83.5

Textiles

53.3

47.7

Machinery Except Electrical

9.5

14.5

Electrical Machinery

4.7

2.4

Chemical Products

5.1

11.4

Tobacco Products

18.3

22.3

Non-Metallic Mineral Products

11.4

20.5

Beverages

6.1

8.4

Furniture and Fixtures

25.6

38.2

Rubber and Plastic Products

16.3

11.7

Wood and Wood Products

31.0

34.6

Leather Products

42.0

0.6

Fabricated Metal Products

4.1

-6.4

 
Losers Year-on-Year Growth (%)
May 2012 April 2012
(revised)
 

Basic Metals

-50.8

-52.4

Petroleum Products

-6.0

2.6

Food Manufacturing

-3.3

4.6

Paper and Paper Products

-17.4

-8.4

Miscellaneous Manufactures

-5.9

9.0

Publishing and Printing

-8.7

-0.8

 

TABLE 2-B. Volume of Net Sales Index, April 2012 - May 2012
(concluded)
(2000=100)
 
Gainers Month-on-Month Growth (%)
May 2012 April 2012
(revised)
 

Electrical Machinery

6.1

-12.3

Footwear and Wearing Apparel

32.6

-12.9

Chemical Products

10.4

-10.1

Machinery Except Electrical

7.0

-12.5

Petroleum Products

6.3

-1.4

Beverages

11.2

-9.9

Basic Metals

6.5

-27.1

Food Manufacturing

1.6

-3.4

Textiles

13.5

-4.1

Fabricated Metal Products

16.4

-15.1

Furniture and Fixtures

12.8

-9.0

Rubber and Plastic Products

5.5

-1.4

Miscellaneous Manufactures

2.8

-9.6

Leather Products

21.6

-23.8

Paper and Paper Products

2.4

-6.4

Non-Metallic Mineral Products

1.3

-3.5

Wood and Wood Products

3.0

-2.5

 
Losers Month-on-Month Growth (%)
May 2012 April 2012
(revised)
 

Transport Equipment

-15.2

47.9

Tobacco Products

-5.6

-8.0

Publishing and Printing

-3.0

-13.0

Note:

Sectors are ranked according to their contribution to the overall 2000-based May 2012 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

  Manufacturing (MISSI)

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