PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : January 2008

Release Date:
March 26, 2008

 

 

 

Total Manufacturing

January 2008

December 2007

YEAR-ON-YEAR GROWTH

 

    Production Index  (2000=100)

 

            Value    (VaPI)

-1.4

-1.3r

            Volume    (VoPI)

 0.5

0.1r

    Producer Price Index (2000=100)

-1.9r

-1.4r

    AVERAGE CAPACITY UTILIZATION

80.2

80.2r

                                               

·  Value of Production still on its downtrend in January 2008

Value of Production Index (VaPI) for the manufacturing industry continued its downtrend as it posted a year-on-year decline of 1.4 percent in January 2008, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was brought about by the sluggish performance in production observed in the following major sectors: furniture and fixtures, food manufacturing, and transport equipment. Refer to Tables 1-A and 7 .

Also, VaPI dropped by 11.0 percent on a month-on-month basis in January 2008. Production value of the eight (8) major sectors contracted, with two-digit decreases observed in the following: food manufacturing, petroleum products, and beverages Refer to Tables 1-A and 7.

·  Volume of Production Index registers slight inxrease in January 2008

However, Volume of Production Index (VoPI) on a yearly comparison grew by 0.5 percent in January 2008. The increase was mainly due to the expansion in factory output of the 12 major sectors, with the two-digit increases registered by the following: leather products, miscellaneous manufactures, tobacco products, wood and wood products , fabricated metal products, beverages, and machinery excluding electrical Refer to Tables 1-B and 8.

VoPI, on a monthly basis fell by 11.1 percent in January 2008 due to the significant decreases observed in the following major sectors: food manufacturing, beverages and petroleum products. Refer to Tables 1-B and 8.

·  Capacity Utilization

Average capacity utilization in January 2008 for total manufacturing was estimated at 80.2 percent. Nine (9) major sectors that registered more than 80% capacity utilization rates were the following: basic metals, paper and paper products, leather products, petroleum products, food manufacturing, miscellaneous manufactures, electrical machinery, footwear and wearing apparel and chemical products (excluding plastic products). Refer to Table 6.

The proportion of establishments that operated at full capacity (90% to 100%) was 10.1 percent in January 2008. More than half or 59.0 percent of the establishments operated at 70% to 89% capacity while 30.9 percent of the establishments operated below 70% capacity.

DISTRIBUTION OF KEY MANUFACTURING ESTABLISHMENTS BY CAPACITY UTILIZATION
TOTAL MANUFACTURING, JANUARY 2008

(In percent)

Capacity Utilization

Percent Share

Below 50 percent

5.1

50 percent - 59 percent

8.7

60 percent - 69 percent

17.1

70 percent - 79 percent

23.3

80 percent - 89 percent

35.7

90 percent - 100 percent

10.1

 

·  Response Rate

The response rates for the January 2008 MISSI and PPS are 85.9 percent and 92.2 percent, respectively. Refer to Tables 12 and 13.

Response Rates for Total Manufacturing
(In percent)

 

January 2008

December 2007
(revised)

MISSI

85.9

96.0r

PPS

92.2r

99.0r

 

·  Technical Notes

The 1994 based MISSI indices and the PPI will have the December 2007 data as the last of the series. Only the 2000 based series will be continued in 2008.

Starting this issue, a revised industry disaggregation of the MISSI indices and PPI will be adopted to conform to the 1994 PSIC groupings. Rubber and Plastic Products is a new major sector, consisting of two subsectors, namely: Rubber Products and Plastic Products. Rubber Products was previously a major sector while Plastic Products was one of the sub-sectors of Chemical Products.

With previously seven (7) subsectors, the major sector of Chemical Products has now six (6) subsectors, namely: Basic Chemical and Industrial Gases, Fertilizers, Paints, Drugs and Medicines, Cosmetics and Toilet Preparations, and Miscellaneous Chemicals.

The major sector of Machinery except Electrical has been split into two subsectors, namely: Machinery and Equipment, n.e.c. and Office, Accounting and Computing Machinery.

The corresponding weights of the above major sectors and sub-sectors have been recomputed to allow for the revised computation of the indices.

Thus, beginning this issue, the VaPI, VoPI, and the revised PPI for Total Manufacturing for all months of 2007 and January 2008 are computed based on the revised industry disaggregation. However, the Value and Volume of Net Sales indices for January 2008 will be released in the next issue.

Starting 2008, weights for the PPI and Capacity Utilization Rates are based from the results of the 2005 Annual Survey of Philippine Business and Industry for manufacturing establishments with average total employment of 20 and over.

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

 

 

          (Sgd.) CARMELITA N. ERICTA
        Administrator


TABLE 1-A. VALUE OF PRODUCTION INDEX, December 2007 - January 2008
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

January 2008

December 2007
(revised)

 

 

 

Beverages

30.0

34.6

 

Chemical Products (excluding Plastic Products)

12.4

-14.5

 

Tobacco Products

31.4

-15.1

 

Basic Metals

8.3

-2.9

 

Fabricated Metal Products

24.3

5.3

 

Machinery Excluding Electrical

3.6

1.5

 

Footwear and Wearing Apparel

7.0

-18.9

 

Wood and Wood Products

33.5

-1.9

 

Paper and Paper Products

7.7

-7.4

 

Leather Products

54.2

30.5

 

MIscellaneous Manufactures

3.1

9.9

 

Publishing and Printing

3.2

-1.2

 

 

 

 

 

Losers

Year-on-Year Growth (%)

January 2008

December 2007
(revised)

 

Food Manufacturing

-11.9

-1.4

Petroleum Products

-6.6

-0.7

Electrical Machinery

-3.5

-3.0

Transport Equipment

-11.5

0.4

Textiles

-9.2

-0.6

Furniture and Fixtures

-17.2

-18.8

Rubber and Plastic Products*

-4.2

8.8

Non-Metallic Mineral Products                                 

-0.8

-4.2

 

 

TABLE 1-A. VALUE OF PRODUCTION INDEX, December 2007 - January 2008
(2000=100) (concluded)
 

 

Gainers

Month-on-Month Growth (%)

 

January 2008

December 2007
(revised)

 

 

 

Tobacco Products

37.7

-21.4

 

Electrical Machinery

2.9

a/

 

Footwear and Wearing Apparel

16.4

7.4

 

Paper and Paper Products                                         

16.5

-3.1

 

Fabricated Metal Products

16.1

-19.3

 

Machinery Excluding Electrical

2.1

-2.8

 

Rubber and Plastic Products*

4.2

1.8

 

Transport Equipment

2.3

-11.4

 

Leather Products

20.4

-19.0

 

Wood and Wood Products

1.8

5.7

 

Non-Metallic Mineral Products

0.1

5.0

 

Basic Metals

a/

-4.1

 

 

 

 

 

Losers

Month-on-Month Growth (%)

January 2008

December 2007
(revised)

 

Food Manufacturing

-31.6

12.8

Petroleum Products

-13.5

5.6

Beverages

-12.8

29.6

Chemical Products (excluding Plastic Products)    

-7.7

0.3

Textiles

-2.4

-2.9

Furniture and Fixtures

-2.5

1.3

Publishing and Printing

-1.5

14.5

Miscellaneous Manufactures

-0.3

-8.0

 

Notes: * - new sectors in the 2000-based series

a/ - Less than 0.1 percent increase

Sectors are ranked according to their contribution to the overall 2000-based January 2008 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, December 2007 - January 2008
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

January 2008

December 2007
(revised)

 

 

 

Machinery Excluding Electrical

18.0

13.1

 

Electrical Machinery

7.9

10.3

 

Beverages

29.2

33.3

 

Miscellaneous Manufactures

41.1

32.5

 

Tobacco Products

30.5

-14.7

 

Chemical Products (excluding Plastic Products

6.0

-9.9

 

Fabricated Metal Products

29.5

5.7

 

Footwear and Wearing Apparel

6.2

-20.2

 

Wood and Wood Products

30.0

2.5

 

Paper and Paper Products

6.2

-7.4

 

Leather Products

50.0

24.2

 

Publishing and Printing

3.2

-18.3

 

 

 

 

 

Losers

Year-on-Year Growth (%)

January 2008

December 2007
(revised)

 

Food Manufacturing

-15.4

-4.8

Petroleum Products

-21.3

-15.2

Basic Metals

-11.6

-18.1

Transport Equipment

-10.0

-2.4

Textiles

-10.0

-1.0

Furniture and Fixtures

-12.7

-11.2

Rubber and Plastic Products*

-2.5

32.8

Non-Metallic Mineral Products

-2.1

-7.8

 

 

TABLE 1-B. VOLUME OF PRODUCTION INDEX, December 2007 - January 2008(concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

January 2008

December 2007
(revised)

 

 
 

 

Tobacco Products

36.7

-21.4

 

Electrical Machinery

3.5

2.7

 

Footwear and Wearing Apparel

16.3

5.4

 

Machinery Excluding Electrical

3.9

0.4

 

Fabricated Metal Products

21.9

-19.8

 

Paper and Paper Products

16.2

-3.2

 

Miscellaneous Manufactures

12.2

-7.4

 

Transport Equipment

2.5

-11.1

 

Rubber and Plastic Products*

2.7

-0.2

 

Leather Products

21.7

-19.0

 

Non-Metallic Mineral Products

0.6

3.1

 

Textiles

0.5

-2.9

 

 

 

Losers

Month-on-Month Growth (%)

 

January 2008

December 2007
(revised)

Food Manufacturing

-33.1

12.5

 

Petroleum Products

-12.1

2.8

 

Chemical Products (excluding Plastic Products

-9.7

0.8

 

Beverages

-13.7

29.6

 

Basic Metals

-2.0

-6.0

 

Furniture and Fixtures

-5.2

2.0

 

Publishing and Printing

-1.5

14.5

 

Wood and Wood Products

-1.7

-5.7

 

 

Notes * - new sectors in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based January 2008 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.

 

Source:   National Statistics Office

                 Manila, Philippines

  Manufacturing (MISSI)

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