PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries: October 2019

Release Date:
December 5, 2019

 

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

and Producer Price Index: October 2019 and October 2018

(2000=100)

TOTAL MANUFACTURING

OCTOBER
2019
OCTOBER
2018

Production Index

 

 

       Value       (VaPI)

-4.3

4.1

       Volume    (VoPI)

-3.7

2.9

Net Sales Index

 

 

       Value        (VaNSI)

-2.1

12.5

       Volume     (VoNSI)

-1.5

11.1

Producer Price Index

-0.7r

1.2

r - revised

 

  • Value of Production Index decelerates in October 2019

Based on the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI), the Value of Production Index (VaPI) fell by 4.3 percent in October 2019. During the same month of the previous year, the VaPI increased by 4.1 percent.

Among the nine major industries that exhibited declines in VaPI, five major industries had two-digit decreases, namely: petroleum products (-25.6%), miscellaneous manufactures (-22.3%), electrical machinery (-20.4%), basic metals (-13.5%) and textiles (-10.8%). Refer to Tables 1 and 1-A.

 

  • Volume of Production Index likewise contracts

The Volume of Production Index (VoPI) declined by 3.7 percent in October 2019. During the same period of the previous year, its annual growth rate was 2.9 percent.

The decline of VoPI in October 2019 can be attributed to the decreases in the indices of nine major industry groups led by furniture and fixtures (-32.0%), miscellaneous manufactures (-23.0%), petroleum products (-17.5%) and electrical machinery (-17.3%). Refer to Tables 1-B and 2.

 

Figure 1

 

Figure 2

 

  • Value of Net Sales Index slightly decreases

The Value of Net Sales Index (VaNSI) reflected a year-on-year decrement of 2.1 percent in October 2019, from a two-digit growth of 12.5 percent in October 2018.

Ten major industry groups pulled down the VaNSI which was led by leather products (-29.5%), basic metals (-17.5%), miscellaneous manufactures (-12.2%), textiles (-11.1%), food manufacturing (-11.0%), electrical machinery (-10.4%) and petroleum products (-10.0%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index slips

Volume of Net Sales Index (VoNSI) slipped to 1.5 percent in October 2019, from a two-digit growth of 11.1 percent in the same month of the previous year.

The decline of VoNSI in October 2019 can be attributed to the decreases in the indices of 10 major industry groups led by furniture and fixtures (-30.0%), miscellaneous manufactures (-13.0%) and leather products (-11.7%).  Refer to Tables 2-B and 4.

 

Figure 3

 

  • Average Capacity Utilization Rate is highest for petroleum products

Average capacity utilization rate for total manufacturing in October 2019 was posted at 84.5 percent. Twelve (60.0%) of the 20 major industries had at least 80 percent capacity utilization rates during the month. These were:

  • petroleum products (89.9%)
  • basic metals (88.4%)
  • machinery except electrical (86.5%)
  • non-metallic mineral products (86.5%)
  • food manufacturing (85.3%)
  • chemical products (85.2%)
  • electrical machinery (85.0%)
  • printing (84.5%)
  • paper and paper products (84.1%)
  • rubber and plastic products (83.3%)
  • wood and wood products (82.2%)
  • textiles (80.2%)

Refer to Table 6.

 

  • More than a quarter of total manufacturing establishments operate at full capacity

The proportion of establishments that operated at full capacity (90% to 100%) was more than a quarter (27.2%) of the total number of establishments for manufacturing in October 2019. About 54.0 percent of the total establishments during the month operated at 70 percent to 89 percent capacity, while almost one-fifth (18.8%) operated below 70 percent capacity. Refer to Table B.

 

Table B  Distribution of Key Manufacturing Establishments by Capacity Utilization

for Total Manufacturing: October 2019

Capacity Utilization

Number of Establishments

Percent Share

Below 50%

39

4.4

50% - 59%

37

4.2

60% - 69%

89

10.2

70% - 79%

179

20.5

80% - 89%

294

33.5

 90% - 100%

238

27.2

 

 

 

CLAIRE DENNIS S. MAPA, Ph. D.
Undersecretary
National Statistician and Civil Registrar General

 

 


 

TABLE 1-A Value of Production Index, September 2019 and October 2019

(2000 =100)

Industry Group

Year-on-Year Growth (%)

October 2019
September 2019
(revised)

Gainers

 

 

Printing

96.0

113.5

Food manufacturing

5.9

0.1

Tobacco products

40.2

55.7

Chemical products

7.8

4.3

Machinery except electrical

4.2

9.4

Beverages

6.4

14.8

Paper and paper products

8.2

9.7

Footwear and wearing apparel

4.6

-4.3

Furniture and fixtures

8.7

15.7

Wood and wood products

8.1

18.2

Leather products

6.3

-1.1

Losers

 

 

Electrical machinery

-20.4

-14.6

Petroleum products

-25.6

-25.1

Basic Metals

-13.5

-20.4

Miscellaneous manufactures

-22.3

-11.9

Transport equipment

-7.6

-10.1

Textiles

-10.8

-4.8

Non-metallic mineral products

-2.1

4.1

Fabricated metal products

-1.9

23.2

Rubber and plastic products

-0.5

4.9

 
Notes: Major Industries are ranked according to their contribution to the overall annual growth rate.
 
 
 

TABLE 1-B  Volume of Production Index, September 2019 and October 2019

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

October 2019
September 2019
(revised)

Gainers

 

 

Food manufacturing

11.4

5.6

Printing

96.1

113.5

Chemical products

14.5

10.3

Machinery except electrical

10.4

14.8

Tobacco products

35.2

50.2

Footwear and wearing apparel

19.1

7.6

Paper and paper products

12.4

11.2

Fabricated metal products

10.5

37.7

Beverages

2.7

10.8

Wood and wood products

18.2

30.8

Leather products

33.3

11.6

Losers

 

 

Electrical machinery

-17.3

-10.6

Petroleum products

-17.5

-18.4

Miscellaneous manufactures

-23.0

-13.3

Furniture and fixtures

-32.0

-28.3

Basic metals

-5.4

-13.6

Textiles

-7.2

-4.0

Non-metallic mineral products

-3.5

0.2

Rubber and plastic products

-3.5

1.3

Transport equipment

-1.5

-6.6

 
Notes:    Major Industries are ranked according to their contribution to the overall annual growth rate.
 
 
 
TABLE 2-A  Value of Net Sales Index, September 2019 and October 2019

(2000 =100)

Industry Group

Year-on-Year Growth (%)

October 2019
September 2019
(revised)

Gainers

 

 

Chemical products

20.0

13.2

Machinery except electrical

10.9

-15.7

Printing

37.0

46.2

Beverages

6.7

14.8

Non-metallic mineral products

9.3

13.6

Transport equipment

5.8

-9.4

Fabricated metal products

10.5

35.1

Furniture and fixtures

11.8

17.9

Rubber and plastic products

5.2

-0.4

Wood and wood products

9.1

13.1

Losers

 

 

Electrical machinery

-10.4

-0.8

Food manufacturing

-11.0

-6.5

Petroleum products

-10.0

-9.6

Basic metals

-17.5

-23.0

Miscellaneous manufactures

-12.2

-10.2

Textiles

-11.1

-13.9

Footwear and wearing apparel

-4.6

-2.6

Tobacco products

-4.4

1.9

Paper and paper products

-4.6

0.3

Leather products

-29.5

-30.7

 
Notes:    Major Industries are ranked according to their contribution to the overall annual growth rate.

 

 

TABLE 2-B  Volume of Net Sales Index, September 2019 and October 2019

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

October 2019
September 2019
 (revised)

Gainers

 

 

Chemical products

27.5

19.7

Machinery except electrical

17.5

-11.5

Transport equipment

12.8

-5.8

Printing

37.0

46.2

Fabricated metal products

24.4

51.1

Footwear and wearing apparel

8.7

9.6

Non-metallic mineral products

7.7

9.3

Beverages

3.0

10.8

Wood and wood products

19.2

25.2

Rubber and plastic products

2.0

-3.8

Losers

 

 

Electrical machinery

-6.9

3.8

Food manufacturing

-6.4

-1.4

Basic metals

-9.8

-16.4

Miscellaneous manufactures

-13.0

-11.7

Furniture and fixtures

-30.0

-26.9

Tobacco products

-7.9

-2.1

Textiles

-7.4

-13.2

Leather products

-11.7

-22.0

Petroleum products

-0.2

-1.5

Paper and paper products

-0.9

1.7

 
Notes:    Major Industries are ranked according to their contribution to the overall annual growth rate.