PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : May 2018

Release Date:
July 5, 2018

 

Table A   Year-on-Year Growth Rates for Production Index, Net Sales Index and Producer Price Index: May 2018 and May 2017

TOTAL MANUFACTURING

MAY
2018
MAY
2017

Production Index (2000=100)

 

 

       Value       (VaPI)

21.3

-2.6

       Volume    (VoPI)

19.8

-0.6

Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

11.9

4.5

       Volume     (VoNSI)

10.6

6.5

 Producer Price Index (2000=100)

1.1r

-1.8

r - revised

  • Value of Production Index exhibits two-digit growth in May 2018

The Value of Production Index (VaPI) for manufacturing reflected a year-on-year growth of 21.3 percent from a negative growth rate of 2.6 percent in the same month of the previous year, based on the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). The increase was brought about by the expansion in VaPI for the 13 major sectors led by printing, with a three-digit increase of 107.2 percent. Other eight sectors with significant increase in VaPI were: petroleum products (56.6%), food manufacturing (32.5%), miscellaneous manufactures (26.3%), beverages (25.0%), electrical machinery (21.1%), textiles (20.7%), paper and paper products (11.9%) and machinery except electrical (10.4%). Refer to Tables 1-A and 1.

  • Volume of Production Index posts significant increase

The Volume of Production Index (VoPI) went up by 19.8 percent, recovering  from a negative  0.6 percent  in May 2017. Of the 14 major sectors that exhibited increases in VoPI, seven sectors registered two-digit growth led by printing with three-digit growth of     117.8 percent. Other significant increases were reported by the following: petroleum products (33.3%), food manufacturing (32.5%), miscellaneous manufactures (19.2%), textiles (18.8%), electrical machinery (17.4%) and rubber and plastic products (12.6%). Refer to Tables 1-B and 2.

 

 

 

  • Value of Net Sales Index sustains its two-digit growth

The Value of Net Sales Index (VaNSI) likewise gained,  posting a two-digit growth of   11.9 percent in May 2018. Sectors that largely contributed to the growth in VaNSI were observed in the following: tobacco products (44.0%), basic metals (32.9%), beverages (20.3%), food manufacturing (20.1%), leather products (19.0%), miscellaneous manufactures (18.8%), paper and paper products(16.9%), electrical machinery (11.2%) and furniture and fixtures (10.7%). Refer toTables 2-A and 3.

  • Volume of Net Sales Index accelerates

The Volume of Net Sales Index (VoNSI) maintained its two-digit growth of 10.6 percent in May 2018. Among the 15 major sectors reporting increases, six significantly influenced the growth, namely: basic metals (24.9%), rubber and plastic products (22.9%), food manufacturing (22.7%), leather products (19.8%), paper and paper products (16.2%) and footwear and wearing apparel (10.9%). Refer to Tables 2-B and 4.

 

 

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

Average capacity utilization rate in May 2018 for total manufacturing was recorded at  84.2 percent. Sixty percent or 12 of the 20 major industries operated at 80 percent and above capacity utilization rates. These are:

  • petroleum products (89.5%)
  • basic metals (88.8%)
  • non-metallic mineral products (86.8%)
  • machinery except electrical (86.1%)
  • food manufacturing (85.6%)
  • chemical products (85.1%)
  • electrical machinery (84.9%)
  • paper and paper products (83.7%)
  • rubber and plastic products (83.1%)
  • printing (81.7%)
  • wood and wood products (81.2%)
  • textiles (80.8%)

The proportion of establishments that operated at full capacity (90% to 100%) was recorded at more than one-fourth of the total number of establishments (27.2%) in May 2018. About 54.2 percent of the total establishments operated at 70 percent to 89 percent capacity while almost one-fifth of the total establishments (18.6%) operated below 70 percent capacity. Refer to Table B and 6.

 

Table B  Distribution of Key Manufacturing Establishments by Capacity Utilization for Total Manufacturing: May 2018

Capacity Utilization

Percent Share

Below 50%

4.0

50% - 59%

4.0

60% - 69%

10.6

70% - 79%

 21.0

80% - 89%

 33.2

 90% - 100%

 27.2

 

Response Rate

The response rates for the May 2018 MISSI and PPS were registered at 79.4 percent and 83.4 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates for Total Manufacturing

(In percent)

 

May 2018

April 2018
(Revised)

MISSI

79.4

89.7r

PPS

83.4r

92.0r

r - revised

Data of non-responding samples were estimated using short-term geometric mean of the relative values of responding samples within the industry class. Revisions to the preliminary estimates are done upon receipt of actual reports of late respondents.

 

 

 

 

LISA GRACE S. BERSALES, Ph. D.

Undersecretary

National Statistician and Civil Registrar General

 


 

TABLE 1-A Value of Production Index, April 2018 and May 2018

(2000 =100)

 

Industry Group

Year-on-Year Growth (%)

May 2018
April 2018
(revised)

Gainers

 

 

Petroleum products

56.6

108.7

Food manufacturing

32.5

28.9

Electrical machinery

21.1

16.9

Printing

107.2

159.3

Beverages

25.0

48.4

Machinery except electrical

10.4

43.9

Miscellaneous manufactures

26.3

40.6

Chemical products

6.0

18.0

Textiles

20.7

32.8

Paper and paper products

11.9

10.7

Non-metallic mineral products

5.7

27.1

Basic metals

1.2

-2.1

Furniture and fixtures

1.5

-20.6

Losers

 

 

Tobacco products

-11.5

55.3

Footwear and wearing apparel

-7.0

-14.3

Transport equipment

-4.9

4.6

Fabricated metal products

-7.6

2.7

Wood and wood products

-6.7

8.4

Rubber and plastic products

-0.7

2.7

Leather products

-0.9

7.7

 
 
 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based May 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, April 2018 and May 2018

(2000 = 100)

 

Industry Group

Year-on-Year Growth (%)

May 2018
April 2018

(revised)

Gainers

 

 

Food manufacturing

32.5

29.4

Petroleum products

33.3

82.7

Electrical machinery

17.4

14.3

Printing

117.8

172.7

Machinery except electrical          

8.5

42.1

Chemical products

7.4

20.1

Beverages

9.5

31.6

Miscellaneous manufactures

19.2

34.9

Rubber and plastic products

12.6

17.6

Textiles

18.8

31.1

Paper and paper products

8.7

10.6

Non-metallic mineral products

3.9

22.4

Fabricated metal products

4.8

11.4

Furniture and fixtures

1/

-21.3

Losers

 

 

Tobacco products

-41.1

3.4

Transport equipment

-8.7

2.0

Basic metals

-5.2

-7.8

Footwear and wearing apparel

-5.2

-11.0

Wood and wood products

-1.9

12.8

Leather products

-1.0

25.9

 

Notes:    1/ - Less than 0.1 percent increase
   Major Industries are ranked according to their contribution to the overall 2000-based May 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, April 2018 and May 2018

(2000 =100)

 

Industry Group

Year-on-Year Growth (%)

May 2018
April 2018
(revised)

Gainers

 

 

Food manufacturing

20.1

16.9

Electrical machinery

11.2

16.3

Basic metals

32.9

23.9

Beverages

20.3

23.2

Petroleum products

8.5

37.1

Tobacco products

44.0

43.6

Chemical products

5.8

17.4

Machinery except electrical

5.3

18.4

Miscellaneous manufactures

18.8

15.5

Paper and paper products

16.9

21.0

Footwear and wearing apparel

8.2

2.8

Non-metallic mineral products

7.5

20.7

Furniture and fixtures

10.7

-10.8

Rubber and plastic products

5.8

13.7

Leather products

19.0

18.1

Losers

 

 

Textiles

-21.9

-28.6

Fabricated metal products

-5.7

-0.7

Wood and wood products

-9.7

0.8

Printing

-1.7

15.7

Transport equipment

-0.1

8.3

 
 
 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based May 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, April 2018 and May 2018

(2000 = 100)

 

Industry Group

Year-on-Year Growth (%)

May 2018
April 2018
 (revised)

Gainers

 

 

Food manufacturing

22.7

19.9

Electrical machinery

7.0

13.0

Basic metals

24.9

17.1

Chemical products

8.5

20.8

Footwear and wearing apparel

10.9

7.2

Paper and paper products

16.2

23.9

Rubber and plastic products

22.9

33.2

Beverages

3.7

7.6

Non-metallic mineral products

4.5

15.0

Miscellaneous manufactures

6.5

5.3

Fabricated metal products

7.3

7.7

Machinery except electrical

0.8

13.9

Leather products

19.8

37.7

Furniture and fixtures

5.5

-14.5

Printing

3.4

21.7

Losers

 

 

Petroleum products

-8.5

19.0

Textiles

-22.8

-29.3

Transport equipment

-1.9

8.1

Tobacco products

-3.7

-4.0

Wood and wood products

-5.5

4.3

 
 
 
 
 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based May 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.

 

 
  Manufacturing (MISSI)

Browse by Year

Contact Us

Technical Inquiries:

Industry Statistics Division
Economic Sector Statistics Service
j.pevidal@psa.gov.ph +632 8376 2060/1835

Publication Inquiries:

Knowledge Management and Communications Division;
Information Technology and Dissemination Service
info@psa.gov.ph +632 8462 6600 loc. 834