PREVIOUS RELEASE

Production Index and Net Sales Index (Monthly Integrated Survey of Selected Industries) October 2020

Release Date:
December 4, 2020

 

Table A

 

PRODUCTION

Value of Production Index continued to decline

The Value of Production Index (VaPI) for manufacturing continued to decline at an annual rate of -14.2 percent in October 2020. This was faster than the annual growth rate of VaPI at -12.4 percent in the previous month. The October 2020 figure was the eighth consecutive month that VaPI posted a negative growth rate. Furthermore, in October 2019, VaPI contracted by -5.8 percent annually.  (Table A)

Pushing down the VaPI  in October 2020 were the decreases in the indices of 15 industry groups. Among these, the top three industry groups with negative growth rates were petroleum products (-99.2%), printing (-52.8%), and footwear and wearing apparel (-49.2%).  (Tables 1-A and 1)

Volume of Production Index likewise dropped

The Volume of Production Index (VoPI) ) likewise posted a downturn with an annual rate of -11.3 percent in October 2020. This contraction was also faster than the reported decrease in the previous month of -8.6 percent and the annual decline in October 2019 of -5.0 percent.  (Table A)

Contributory to the faster decline of VoPI for manufacturing sector in October 2020 were the reductions in the indices of 15 industry groups. The industry groups that led the contraction of VoPI were petroleum products (-99.1%), printing (-53.4%), and tobacco products (-48.7%).  (Tables 1-B and 2)

 

Figure 1

 

Figure 2

 

NET SALES

Value of Net Sales Index remained at downtrend

The Value of Net Sales Index (VaNSI) for manufacturing sector still posted a declining trend with an annual  rate of -12.9 percent in October 2020, from a negative growth rate of -7.6 percent in the previous month. In October of  the  previous year,  year-on-year decline was -2.7 percent.  (Table A)

The decline of VaNSI in October 2020 was due to the decreases in the indices of 16 industry  groups,  led by petroleum products (-46.0%),  non-metallic mineral products (-39.2%), footwear and wearing apparel (-38.7%), rubber and plastic products (-36.6%), and machinery except electrical (-31.2%).  (Tables 2-A and 3)

Volume of Net Sales Index also decreased

The Volume of Net Sales Index (VoNSI) also continued to exhibit a downtrend at an annual rate of -9.9 percent in October 2020. In the previous month, the annual decrease was lower at -3.5 percent. In October 2019, VoNSI dropped by -1.8 percent.  (Table A)

The downturn was brought about by the contractions in the indices of 15 industry groups. Among these, the top three industry groups with two-digit negative growth rates were petroleum products (-40.8%), non-metallic mineral products (-37.9%), and footwear and wearing apparel (-37.4%).  (Tables 2-B and 4)

 

Figure 3

 

CAPACITY UTILIZATION

Average capacity utilization rate for manufacturing decreased

Based on responding establishments, the average capacity utilization rate for the manufacturing sector in October 2020 was posted at 67.2 percent from 69.2 percent in the previous month.

Seven of the 20 industry groups had at least 80 percent average capacity utilization rate which was led by machinery except electrical (91.3%), followed by electrical machinery (87.4%), and non-metallic mineral products (86.0%).  (Table 6)

About one-fifth of responding establishments operated at full capacity

The proportion of establishments that operated at full capacity (90% to 100%) was 21.6 percent of the total number of responding establishments. More than forty percent (41.1%) operated at 70 to 89 percent capacity, while less than forty percent (37.3%) operated below 70 percent capacity.  (Table B)

 

Table B

 

 

(Sgd.) DENNIS S. MAPA, Ph. D.
Undersecretary
National Statistician and Civil Registrar General

 

Attachments:
1. Table 1. Value of Production Index (2000=100) Year-on-Year Growth Rates for Manufacturing Sector, January 2019 – October 2020P
2. Table 2. Volume of Production Index (2000=100) Year-on-Year Growth Rates for Manufacturing Sector, January 2019 – October 2020P
3. Table 3. Value of Net Sales Index (2000=100) Year-on-Year Growth Rates for Manufacturing Sector, January 2019 – October 2020P
4. Table 4. Volume of Net Sales Index (2000=100) Year-on-Year Growth Rates for Manufacturing Sector, January 2019 – October 2020P
5. Table 5. Producer Price Index (2000=100) Year-on-Year and Month-on-Month Growth Rates for Manufacturing Sector, January 2019 – October 2020P
6. Table 6. Average Capacity Utilization Rate by Major Industry Group: MISSI, September 2019 - October 2020P
7. Table 7. Distribution of Samples and Responding Establishments by Major Industry Group: MISSI, September 2020 and October 2020P
8. Table 8. Distribution of Samples and Responding Establishments by Major Industry Group: PPS, September 2020 and October 2020P
9. Technical Notes

 


 

TABLE 1-A.   Year-on-Year Growth Rate (%) of Value of Production Index
by Industry Group
September and October 2020
(2000 = 100)
Table 1-A
 
 
TABLE 1-B.   Year-on-Year Growth Rate (%) of Volume of Production Index
by Industry Group
September and October 2020
(2000 = 100)
Table 1-B

 

TABLE 2-A.   Year-on-Year Growth Rate (%) of Value of Net Sales Index
by Industry Group
September and October 2020
(2000 = 100)

Table 2-A

 

TABLE 2-B.   Year-on-Year Growth Rate (%) of Volume of Net Sales Index
by Industry Group
September and October 2020
(2000 = 100)
Table 2-B

 

 
  Manufacturing (MISSI)

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