PREVIOUS RELEASE

Monthly Integrated Survey Of Selected Industries : February 2009

Release Date:
April 27, 2009

 


 
Total Manufacturing    February 2009     January 2009
Year-on-Year Growth  
Production Index (2000=100)  
Value(VaPI) -18.9 -21.1r
Volume(VoPI) -21.1 -23.8r
Net Sales Index (2000=100)  
Value(VaNSI) -20.7 -16.7r
Volume(VoNSI) -22.8 -19.5r
    Producer Price Index (2000=100) 2.7r 3.4r
    AVERAGE CAPACITY UTILIZATION 77.7 77.5r
 

                                         

·  Value of Production remains at two-digit decline

Value of Production Index (VaPI) for the manufacturing industry recorded a slower year-on-year decline of 18.9 percent in February 2009, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Sixteen out of 20 major sectors reported decreases, with two-digit decline observed in the following:petroleum products, leather products, basic metals, miscellaneous manufactures, footwear and wearing apparel, publishing and printing, transport equipment, machinery except electrical, tobacco products, electrical machinery, paper and paper products, and furniture and fixturesRefer to Tables 1-A and 1.

However, on a month-on-month comparison, VaPI grew by 3.3 percent from the two-digit decrease of 27.8 percent recorded in January 2009. This was attributed to the increases in production values reported by eleven major sectors, led by petroleum products (21.9%), fabricated metal products (12.1%), and basic metals (11.6%).Refer to Tables 1-A and 1.

·  Volume of Production continues to decelerate at a slower rate

Volume of Production Index (VoPI) decelerated as it posted a slower decline of 21.1 percent compared with the year-ago figure. Eighteen major sectors exhibited reduction in factory output, with two-digit decreases reported by the following major sectors:petroleum products, leather products, footwear and wearing apparel, basic metals, miscellaneous manufactures, transport equipment, machinery except electrical, publishing and printing, electrical machinery, paper and paper products, textiles, tobacco products, fabricated metal products, furniture and fixtures, food manufacturing, and chemical productsRefer to Tables 1-B and 2.

On a month-on-month basis, VoPI posted growth of 3.4 percent in February 2009 from the previous month's two-digit decrease of 23.8 percent. This was due to the two-digit increments in output noted in the following major sectors: petroleum products, basic metals, furniture and fixtures, and fabricated metal productsRefer to Tables 1-B and 2.

 

 

·  Value of Net Sales still on the downtrend in February 2009

On a year-on-year basis, Value of Net Sales Index (VaNSI) went down by 20.7 percent in February 2009. Among the 16 major sectors that reported decreases in sales, 11 sectors significantly contributed to the decline, namely: leather products, petroleum products, basic metals, machinery except electrical, furniture and fixtures, miscellaneous manufactures, textiles, electrical machinery, transport equipment, paper and paper products, and rubber and plastic productsRefer to Tables 2-A and 3.

VaNSI, on a monthly basis, fell by 4.3 percent in February 2009. This was due to the decreases observed in 14 major sectors, led by leather products, petroleum products, machinery except electrical, miscellaneous manufactures, and paper and paper productsRefer to Tables 2-A and 3.

·  Volume of Net Sales also decreases

On a year-on-year comparison, Volume of Net Sales Index (VoNSI) dropped by 22.8 percent in February 2009. This was brought about by the poor performances of all the major sectors except for non-metallic mineral products which reported an increase of 9.8 percent in sales. Refer to Tables 2-B and 4.

VoNSI, registered a month-on-month decline of 4.1 percent in February 2009. Fourteen major sectors reported declines in sales, led by the following: leather products, petroleum products, machinery except electrical, and paper and paper productsRefer to Tables 2-B and 4.

 

                                                                                           

·  Capacity Utilization

Average capacity utilization in February 2009 for total manufacturing was estimated at 77.7 percent. Only seven major sectors registered capacity utilization rates of 80% and more, namely: basic metals, food manufacturing, paper and paper products, leather products, electrical machinery, miscellaneous manufactures, andchemical productsRefer to Table 6.

The proportion of establishments that operated at full capacity (90% to 100%) was 11.7 percent in February 2009. About 61.7 percent of the establishments operated at 70% to 89% capacity while 26.6 percent of the establishments operated below 70% capacity.

Distribution of Key Manufacturing Establishments by Capacity Utilization 
Total Manufacturing, February 2009

(In percent)

Capacity Utilization

Percent Share

Below 50 percent

4.6

50 percent - 59 percent

7.1

60 percent - 69 percent

14.9

70 percent - 79 percent

22.4

80 percent - 89 percent

39.3

90 percent - 100 percent

11.7

 

·  Response Rates

The response rates for the February 2009 MISSI and PPS are 87.0 percent and 91.9 percent, respectively. Refer to Tables 7 and 8

Response Rates for Total Manufacturing
(In percent)

 

February 2009

January 2009 
(revised)

MISSI

87.0

92.0r

PPS

91.9r

96.6r

 

                                                     r-revised

·  Technical Notes

Only the 2000 based series will be continued beginning the July 2008 issue.

Starting with the February 2008 issue, a revised industry disaggregation of the MISSI indices and PPI will be adopted to conform with the amended 1994 PSIC groupings.Rubber and Plastic Products is a new major sector, consisting of two subsectors, namely: Rubber Products and Plastic ProductsRubber 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 Chemicals 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 the February 2008 issue, the VaPI, VoPI, VaNSI, VoNSI and the revised PPI for Total Manufacturing for all months of 2008 are computed based on the revised industry disaggregation.

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, January 2009 - February 2009
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

February 2009

January 2009
(revised)

 

 

 

Non-Metallic Mineral Products

13.6

9.9

 

Beverages

6.1

8.2

 

Wood and Wood Products

3.3

-5.2

 

Fabricated Metal Products

0.6

-18.1

 

 

 

 

Losers

Year-on-Year Growth (%)

February 2009

January 2009
(revised)

 

Petroleum Products

-69.6

-76.4

Electrical Machinery

-16.3

-26.6

Machinery Except Electrical

-19.5

-18.7

Food Manufacturing

-9.6

-6.8

Basic Metals

-32.5

-33.9

Transport Equipment

-21.8

-12.9

Footwear and Wearing Apparel

-26.7

-13.9

Miscellaneous Manufactures

-31.7

-26.7

Tobacco Products

-18.9

-29.2

Paper and Paper Products

-15.2

-14.0

Publishing and Printing

-24.1

-14.0

Chemical Products (excluding Plastic Products)

-3.4

-6.4

Rubber and Plastic Products*

-8.9

-2.3

Leather Products

-55.0

-38.0

Textiles

-5.3

-12.2

Furniture and Fixtures

-11.5

-23.2

 

 

TABLE 1-A. VALUE OF PRODUCTION INDEX, January 2009 - February 2009 (concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

February 2009

January 2009
(revised)

 

 

 

Petroleum Products

21.9

-65.3

 

Food Manufacturing

6.2

-43.3

 

Chemical Products (excluding Plastic Products)

8.0

-15.7

 

Basic Metals

11.6

-19.5

 

Electrical Machinery

2.5

-23.6

 

Fabricated Metal Products

12.1

-18.6

 

Textiles

3.4

17.5

 

Tobacco Products

2.9

-15.2

 

Furniture and Fixtures

7.2

-0.2

 

Wood and Wood Products

9.5

-13.2

 

Non-Metallic Mineral Products

1.0

b/

 

 

 

 

Losers

Month-on-Month Growth (%)

February 2009

January 2009
(revised)

 

Machinery Except Electrical

-12.4

-15.9

Beverages

-7.0

-8.8

Paper and Paper Products

-15.9

6.9

Transport Equipment

-4.6

a/

Miscellaneous Manufactures

-9.7

72.2

Leather Products

-32.6

-17.9

Footwear and Wearing Apparel

-2.3

-7.3

Publishing and Printing

-6.1

-6.8

Rubber and Plastic Products*

-2.1

3.5

 

Notes:

* - new sector in the 2000-based series

a/ - less than 0.1 percent increase

b/ - less than 0.1 percent decrease

Sectors are ranked according to their contribution to the overall 2000-based February 2009 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, January 2009 - February 2009
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

February 2009

January 2009
(revised)

 

 

 

Non-Metallic Mineral Products

8.2

1.2

 

Wood and Wood Products

2.3

-6.1

 

 

 

 

Losers

Year-on-Year Growth (%)

February 2009

January 2009
(revised)

 

Petroleum Products

-60.0

-68.3

Electrical Machinery

-23.0

-32.5

Machinery Except Electrical

-24.7

-23.1

Food Manufacturing

-12.5

-11.7

Basic Metals

-30.7

-37.6

Transport Equipment

-25.1

-17.9

Footwear and Wearing Apparel

-35.1

-24.0

Chemical Products (excluding Plastic Products)

-10.3

-12.7

Miscellaneous Manufactures

-27.7

-27.0

Paper and Paper Products

-22.2

-20.4

Tobacco Products

-19.7

-28.4

Textiles

-20.3

-22.9

Beverages

-6.2

-2.1

Publishing and Printing

-24.1

-16.4

Fabricated Metal Products

-14.4

-32.4

Rubber and Plastic Products*

-5.9

0.4

Leather Products

-58.7

-43.3

Furniture and Fixtures

-13.7

-27.8

 

 

TABLE 1-B. VOLUME OF PRODUCTION INDEX, January 2009 - February 2009(concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

February 2009

January 2009
(revised)

 

 

Petroleum Products

19.6

-63.7

 

Food Manufacturing

7.4

-43.3

 

Basic Metals

16.3

-12.3

 

Chemical Products (excluding Plastic Products)

7.9

-16.3

 

Electrical Machinery

2.6

-21.6

 

Fabricated Metal Products

12.4

-20.0

 

Non-Metallic Mineral Products

4.2

0.3

 

Furniture and Fixtures

12.6

-3.7

 

Wood and Wood Products

9.5

-12.8

 

Tobacco Products

0.7

-13.3

 

 

 

Losers

Month-on-Month Growth (%)

 

February 2009

January 2009
(revised)

Machinery Except Electrical

-12.9

-8.7

 

Beverages

-8.1

-9.1

 

Paper and Paper Products

-17.6

5.2

 

Transport Equipment

-4.8

0.1

 

Miscellaneous Manufactures

-7.0

75.4

 

Leather Products

-32.7

-17.9

 

Footwear and Wearing Apparel

-2.3

-8.1

 

Publishing and Printing

-6.1

-6.8

 

Rubber and Plastic Products*

-2.0

11.1

 

Textiles

-0.2

18.3

 

Notes

* - new sector in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based February 2009 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, January 2009 - February 2009
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

February 2009

January 2009
(revised)

 

 

 

Non-Metallic Mineral Products

15.3

14.4

 

Chemical Products (excluding Plastic Products)

3.3

7.1

 

Footwear and Wearing Apparel

5.7

22.5

 

Beverages

1.8

8.0

 

 

 

 

Losers

Year-on-Year Growth (%)

February 2009

January 2009
(revised)

 

Electrical Machinery

-29.4

-31.2

Petroleum Products

-45.4

-29.6

Machinery Except Electrical

-33.8

-10.1

Basic Metals

-36.9

-23.3

Food Manufacturing

-8.9

-16.0

Transport Equipment

-29.2

-27.0

Miscellaneous Manufactures

-31.4

-23.6

Textiles

-30.5

-41.1

Paper and Paper Products

-16.6

-21.5

Furniture and Fixtures

-32.9

-39.1

Leather Products

-56.0

-30.9

Rubber and Plastic Products*

-10.6

-3.9

Fabricated Metal Products

-7.1

-6.4

Tobacco Products

-4.6

-26.4

Publishing and Printing

-6.4

-11.5

Wood and Wood Products

-3.6

-9.6

 

 

TABLE 2-A. VALUE OF NET SALES INDEX, January 2009 - February 2009
(concluded)
(2000=100) 
 

 

Gainers

Month-on-Month Growth (%)

 

February 2009

January 2009
(revised)

 

 

 

Food Manufacturing

2.3

-10.7

 

Textiles

9.7

-3.9

 

Furniture and Fixtures

18.4

-7.4

 

Non-Metallic Mineral Products

3.7

10.7

 

Footwear and Wearing Apparel

1.3

1.3

 

Wood and Wood Products

6.7

-4.5

 

 

 

 

Losers

Month-on-Month Growth (%)

February 2009

January 2009
(revised)

 

Petroleum Products

-16.5

-14.3

Machinery Except Electrical

-13.1

-17.7

Electrical Machinery

-3.7

-19.5

Basic Metals

-8.3

19.3

Beverages

-6.9

-17.0

Miscellaneous Manufactures

-11.1

50.8

Paper and Paper Products

-11.1

7.9

Transport Equipment

-3.7

-28.0

Fabricated Metal Products

-9.1

-5.1

Leather Products

-38.3

-8.7

Tobacco Products

-3.6

-24.1

Publishing and Printing

-4.0

8.5

Rubber and Plastic Products*

-3.1

3.6

Chemical Products (excluding Plastic Products)

b/

-5.7

 

Note:

* - new sector in the 2000-based series

b/ - less than 0.1 percent decrease

Sectors are ranked according to their contribution to the overall 2000-based February 2009 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, January 2009 - February 2009
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

February 2009

January 2009
(revised)

 

Losers

Year-on-Year Growth (%)

 

February 2009

January 2009
(revised)

 

 

 

Non-Metallic Mineral Products

9.8

5.4

 

 

 

 

 

Electrical Machinery

-35.0

-36.7

 

Machinery Except Electrical

-38.1

-15.0

 

Petroleum Products

-28.2

-5.4

 

Food Manufacturing

-11.8

-20.4

 

Basic Metals

-35.2

-27.5

 

Transport Equipment

-32.1

-31.2

 

Textiles

-41.5

-48.3

 

Miscellaneous Manufactures

-27.3

-23.9

 

Beverages

-10.0

-2.4

 

Paper and Paper Products

-23.5

-27.4

 

Chemical Products (excluding Plastic Products)

-4.1

-0.1

 

Fabricated Metal Products

-21.0

-22.7

 

Furniture and Fixtures

-34.6

-42.7

 

Footwear and Wearing Apparel

-6.5

8.0

 

Leather Products

-59.7

-36.8

 

Tobacco Products

-5.5

-25.5

 

Rubber and Plastic Products*

-7.7

-1.2

 

Publishing and Printing

-6.4

-14.0

 

Wood and Wood Products

-4.6

-10.5

 

 

TABLE 2-B. VOLUME OF NET SALES INDEX, January 2009 - February 2009
(concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

February 2009

January 2009
(revised)

 

 

 

Food Manufacturing

3.4

-10.8

 

Non-Metallic Mineral Products

6.9

11.1

 

Furniture and Fixtures

24.4

-10.7

 

Textiles

5.8

-3.2

 

Footwear and Wearing Apparel

1.3

0.4

 

Wood and Wood Products

6.7

-4.1

 

 

 

 

Losers

Month-on-Month Growth (%)

February 2009

January 2009
(revised)

 

Petroleum Products

-18.1

-10.4

Machinery Except Electrical

-13.6

-10.7

Electrical Machinery

-3.6

-17.4

Beverages

-8.0

-17.3

Paper and Paper Products

-12.9

6.1

Basic Metals

-4.5

29.9

Transport Equipment

-4.0

-28.0

Miscellaneous Manufactures

-8.5

53.7

Fabricated Metal Products

-8.8

-6.8

Tobacco Products

-5.7

-22.4

Leather Products

-38.4

-8.6

Publishing and Printing

-4.0

8.5

Rubber and Plastic Products*

-3.0

11.1

Chemical Products (excluding Plastic Products)

-0.1

-6.4

 

Note:

*  -   new sector in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based February 2009 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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