PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : June 2012

Release Date:
August 15, 2012

 

  • Value of Production grows in June 2012

Value of Production Index (VaPI) for total manufacturing industry recorded a year-on-year growth of 2.4 percent in June 2012, improving from negative 2.9 percent posted the previous month, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). The growth was attributed to the increases in production values reported by 12 major sectors, with two-digit increments registered by the following: footwear and wearing apparel (82.5%), transport equipment (49.7%), furniture and fixtures (40.2%), wood and wood products (36.6%), leather products (30.6%), food manufacturing (18.3%), machinery except electrical (17.9%), chemical products (17.1%) and textiles (11.2%). Refer to Tables 1-A and 1.

On a month-on-month comparison, VaPI also recovered as it grew by 4.3 percent in June 2012 from its previous month's decline of 4.4 percent. This was contributed by 12 major sectors, with two-digit increase noted in the following: petroleum products (48.3%), electrical machinery (20.9%), tobacco products (15.8%), and paper and paper products (11.7%). Refer to Tables 1-A and 1.

 

  • Volume of Production also recovers in June 2012.

Volume of Production Index (VoPI) on an annual basis gained 4.4 percent in June 2012, showing an improvement from its previous month's decline of 4.1 percent. Eleven of 12 major sectors influenced the increase in production output, namely: footwear and wearing apparel (84.7%), furniture and fixtures (64.6%), wood and wood products (50.7%), transport equipment (46.1%), leather products (34.9%), machinery except electrical (29.5%), non-metallic mineral products (22.5%), chemical products (20.5%) food manufacturing (13.1%), textiles (12.5%) and electrical machinery (10.1%). Refer to Tables 1-B and 2.

Likewise, on a month-on-month basis, VoPI picked-up as it increased by 6.1 percent in June 2012 from the previous month's drop of 4.2 percent. This was brought about by the expanded production output of 11 major sectors, with two-digit increases noted in the following: petroleum products (63.4%), electrical machinery (22.8%), tobacco products (15.8%) and paper and paper products (14.7%). 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) registered a slower year-on-year growth of 3.1 percent in June 2012. This was attributed to the diminished value of net sales in furniture and fixtures and chemical products. While the major contributing sector with significant increase in value of net sales was footwear and wearing apparel, with three-digit increment of 119.0 percent and other 10 major sectors that posted two-digit growth. Refer to Tables 2-A and 3.

On a monthly basis, VaNSI slipped to 0.8 percent in June 2012 from a 3.7 percent gain last month. Among the 11 major sectors that reported decrease in net sales value, three major sectors significantly contributed to the decline, namely: furniture and fixtures (-20.2%), publishing and printing (-10.5%) and transport equipment (-10.3%). Refer to Tables 2-A and 3.

  • Volume of Net Sales accelerates

On a yearly comparison, Volume of Net Sales Index (VoNSI) continued to grow, reflecting an increment of 5.0 percent in June 2012. Significant expansion in sales volume were reported by nine out of 13 major sectors that posted increases, namely: footwear and wearing apparel (121.7%), textiles (86.5%), wood and wood products (59.9%), leather products (57.7%), machinery except electrical (37.0%), non-metallic mineral products (32.5%), transport equipment (28.2%), electrical machinery (13.1%), and fabricated metal products (10.5%). Refer to Tables 2-B and 4.

VoNSI, on a month-on-month change, maintained a positive growth of 0.9 percent in June 2012. The major contributing factor was the expansion in sales volume of 11 major sectors of the manufacturing industry, with two-digit increases observed in the following: machinery except electrical (13.2%), leather products (13.2%), footwear and wearing apparel (12.4%) and paper and paper products (10.0%). Refer to Tables 2-B and 4.

Figure 3

 

  • Capacity Utilization in June 2012 is 83.4 percent

Average capacity utilization in June 2012 for total manufacturing stood at 83.4 percent. Ten 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 18.4 percent in June 2012. About 58.3 percent of the establishments operated at 70% to 89% capacity while 23.3 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 4.5
50 percent - 59 percent 6.8
60 percent - 69 percent 12.0
70 percent - 79 percent 18.8
80 percent - 89 percent 39.5
90 percent - 100 percent 18.4

            Table B   Distribution of Key Manufacturing Establishments
                             by Capacity Utilization for Total Manufacturing:
                             June 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 June 2012 MISSI and 2012 PPS are 80.2 percent and 94.5 percent, respectively. Refer to Tables 7 and 8

 

MISSI 80.2 92.0r
PPS 94.5r 95.2r

  Table C   Response Rates for Total Manufacturing
           (In percent)

  June 2012 May 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, May 2012 - June 2012
(2000=100)
 
Gainers Year-on-Year Growth (%)
June 2012 May 2012
(revised)
 

Food Manufacturing

18.3

17.7

Footwear and Wearing Apparel

82.5

119.9

Transport Equipment

49.7

128.8

Machinery Except Electrical

17.9

17.5

Chemical Products

17.1

2.5

Furniture and Fixtures

40.2

48.0

Textiles

11.2

1.5

Wood and Wood Products

36.6

27.7

Non-Metallic Mineral Products

6.0

0.6

Rubber and Plastic Products

5.8

12.1

Leather Products

30.6

16.4

Electrical Machinery

8.7

9.5

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

Petroleum Products

-45.3

-68.9

Basic Metals

-32.5

-34.5

Miscellaneous Manufactures

-20.0

-32.5

Tobacco Products

-20.4

-33.4

Publishing and Printing

-25.9

9.2

Paper and Paper Products

-13.9

-22.2

Beverages

-1.5

-7.0

Fabricated Metal Products

-0.6

-2.6

 

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

Petroleum Products

48.3

-63.7

Electrical Machinery

20.9

6.6

Chemical Products

5.6

11.0

Tobacco Products

15.8

27.1

Paper and Paper Products

11.7

-7.7

Machinery Except Electrical

1.1

14.8

Beverages

2.2

8.9

Non-Metallic Mineral Products

1.8

2.7

Leather Products

9.2

12.2

Fabricated Metal Products

0.2

24.6

Textiles

a/

6.7

Wood and Wood Products

0.7

5.0

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

Transport Equipment

-10.1

-15.4

Food Manufacturing

-1.9

2.5

Basic Metals

-5.9

5.7

Miscellaneous Manufactures

-8.3

8.7

Publishing and Printing

-12.0

1.1

Footwear and Wearing Apparel

-4.3

24.1

Furniture and Fixtures

-2.6

-1.5

Rubber and Plastic Products

-0.2

4.0

Notes:

a/ - Less than 0.1 percent increase

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

Machinery Except Electrical

29.5

11.0

Footwear and Wearing Apparel

84.7

122.0

Food Manufacturing

13.1

12.9

Transport Equipment

46.1

118.2

Electrical Machinery

10.1

8.6

Chemical Products

20.5

4.5

Non-Metallic Mineral Products

22.5

7.2

Furniture and Fixtures

64.6

94.4

Wood and Wood Products

50.7

40.7

Textiles

12.5

2.5

Leather Products

34.9

19.8

Fabricated Metal Products

4.9

0.6

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

Petroleum Products

-43.0

-70.6

Basic Metals

-21.4

-27.5

Tobacco Products

-19.9

-33.0

Miscellaneous Manufactures

-17.8

-27.1

Publishing and Printing

-25.9

9.2

Paper and Paper Products

-11.6

-23.1

Beverages

-2.1

-7.0

Rubber and Plastic Products

-0.2

5.8

 

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

Petroleum Products

63.4

-61.8

Electrical Machinery

22.8

5.6

Machinery Except Electrical

7.0

13.7

Chemical Products

6.3

12.9

Tobacco Products

15.8

27.1

Paper and Paper Products

14.7

-9.3

Non-Metallic Mineral Products

4.6

2.4

Beverages

2.2

8.9

Leather Products

9.2

12.2

Wood and Wood Products

0.8

5.0

Textiles

0.1

6.8

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

Transport Equipment

-9.3

-14.9

Food Manufacturing

-1.5

3.4

Basic Metals

-4.8

11.6

Miscellaneous Manufactures

-8.4

6.1

Publishing and Printing

-12.0

1.1

Footwear and Wearing Apparel

-3.7

23.7

Furniture and Fixtures

-4.2

-5.7

Fabricated Metal Products

-0.6

26.5

Rubber and Plastic Products

-0.1

3.6

Notes

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

Footwear and Wearing Apparel

119.0

117.4

Food Manufacturing

14.6

14.2

Machinery Except Electrical

24.8

17.0

Electrical Machinery

11.7

6.2

Textiles

84.4

91.9

Transport Equipment

31.4

75.4

Beverages

10.2

7.1

Non-Metallic Mineral Products

14.7

7.0

Wood and Wood Products

45.0

19.7

Rubber and Plastic Products

11.8

22.8

Leather Products

52.6

44.6

Tobacco Products

5.3

32.2

Fabricated Metal Products

4.6

8.4

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

Basic Metals

-45.3

-52.7

Petroleum Products

-10.1

-2.4

Chemical Products

-7.4

1.6

Publishing and Printing

-26.7

-2.5

Furniture and Fixtures

-24.5

0.9

Miscellaneous Manufactures

-8.1

-6.2

Paper and Paper Products

-5.0

-17.7

 

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

Electrical Machinery

6.9

8.1

Machinery Except Electrical

7.0

8.5

Food Manufacturing

2.1

2.8

Footwear and Wearing Apparel

11.6

33.4

Paper and Paper Products

7.1

4.2

Fabricated Metal Products

4.6

20.6

Leather Products

13.2

27.5

Miscellaneous Manufactures

0.4

4.9

Wood and Wood Products

0.2

3.6

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

Petroleum Products

-7.0

-0.7

Transport Equipment

-10.3

-15.7

Basic Metals

-6.4

4.1

Chemical Products

-2.8

8.6

Furniture and Fixtures

-20.2

24.3

Publishing and Printing

-10.5

3.6

Tobacco Products

-6.1

6.9

Textiles

-3.0

29.6

Beverages

-0.9

12.2

Non-Metallic Mineral Products

-1.3

4.2

Rubber and Plastic Products

-0.9

6.0

 

Note:

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

Footwear and Wearing Apparel

121.7

119.5

Machinery Except Electrical

37.0

10.5

Electrical Machinery

13.1

5.3

Food Manufacturing

9.6

9.4

Textiles

86.5

93.8

Transport Equipment

28.2

67.3

Non-Metallic Mineral Products

32.5

14.1

Beverages

9.5

7.1

Wood and Wood Products

59.9

31.8

Fabricated Metal Products

10.5

12.0

Leather Products

57.7

48.8

Tobacco Products

5.9

33.0

Rubber and Plastic Products

5.5

16.0

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

Basic Metals

-36.3

-47.6

Petroleum Products

-6.3

-7.7

Chemical Products

-4.7

3.6

Publishing and Printing

-26.7

-2.5

Miscellaneous Manufactures

-5.6

1.3

Furniture and Fixtures

-11.3

32.5

Paper and Paper Products

-2.4

-18.7

 

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

Electrical Machinery

8.6

7.1

Machinery Except Electrical

13.2

7.5

Food Manufacturing

2.4

3.6

Footwear and Wearing Apparel

12.4

32.8

Petroleum Products

2.5

4.3

Paper and Paper Products

10.0

2.4

Fabricated Metal Products

3.8

22.4

Non-Metallic Mineral Products

1.4

3.9

Leather Products

13.2

27.4

Miscellaneous Manufactures

0.2

2.4

Wood and Wood Products

0.4

3.6

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

Transport Equipment

-9.5

-15.1

Basic Metals

-5.3

9.9

Chemical Products

-2.2

10.5

Furniture and Fixtures

-21.5

18.9

Publishing and Printing

-10.5

3.6

Tobacco Products

-6.1

6.9

Textiles

-3.0

29.6

Beverages

-0.9

12.2

Rubber and Plastic Products

-0.7

5.6

Note:

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

 

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