PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : November 2006

Release Date:
January 25, 2007

 

Total Manufacturing       November 2006             October 2006      
  Year-on-Year Growth  
      Production Index  
            Value(VaPI) -3.7 -8.7r
            Volume(VoPI) -15.3 -16.6r
      Net Sales Index    
            Value 4.1 2.6r
            Volume -5.2 -5.0r
      Producer Price Index -13.8 9.5r
  Average Capacity Utilization           80.3 80.2r

              r-revised

 

  • Value of Production drops for the third month

    Value of Production Index (VaPI) for the manufacturing industry continued its downtrend as it posted a 3.7 percent decline in November 2006 compared with the year-ago figure, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Machinery excluding electrical posted the highest decrease of 48.8 percent, followed by five other major sectors with two-digit decreases in production value. These were textiles, petroleum products, tobacco, rubber products and non-metallic mineral products. Refer to Tables 1-A and 1.

    On a month-on-month basis, VaPI expanded, posting a 2.3 percent increase in November. The expansion was significantly contributed by petroleum products and fabricated metal products which posted a high turnaround of 16.4 percent and 10.2 percent in November, respectively. Refer to Tables 1-A and 1.

  • Volume of Production Index (VoPI) continues to fall

    Volume of Production Index (VoPI) declined at a slower rate of 15.3 percent growth in November compared with the 16.6 percent in October. The decrease was due to the two-digit contraction in manufacturing output of the following eight major sectors: machinery excluding electrical, electrical machinery, textiles, tobacco, petroleum products, rubber products, footwear and wearing apparel and non-metallic mineral products. Refer to Tables 2 and 1-B.

    On a month-on-month basis, VoPI increased by 2.6 percent faster than the revised 1.5 percent in October. The rise was fueled by the strong demand for petroleum products and fabricated metal products which posted an increase of 19.1 percent and 10.2 percent, respectively, after recording negative growth rates in October. Refer to Tables 2 and 1-B.

  •  

  • Value of Net Sales maintains positive growth

    On a year-on-year basis, Value of Net Sales posted an increment of 4.1 percent in November 2006, mainly due to the 44.9 percent growth of basic metals. The two-digit increases in the growth of food manufacturing, publishing and printing and rubber products also contributed to the positive sales performance of the manufacturing industry. Refer to Tables 2-A and 3.

    However, Value of Net Sales on a month-on-month basis, decreased by 1.6 percent in November 2006. Fourteen of the 20 major sectors posted decreases in net sales value led by footwear and wearing apparel. Refer to Tables 2-A and 3.

  • Volume of Net Sales continues to drop

    The Volume of Net Sales continued its downtrend as it posted a 5.2 percent year-on-year decrease in November 2006. Machinery excluding electrical continued to exhibit a decline in net sales volume, registering 79.4 percent in November 2006. Other major sectors that significantly influenced the reduction in sales volume were: electrical machinery, footwear and wearing apparel, furniture and fixtures, petroleum products and leather products. Refer to Tables 2-B and 4.

    Likewise, Volume of Net Sales on a month-on-month basis fell by 1.1 percent in November 2006 after posting an increase of 3.7 percent in the previous month. This was due to the significant reduction in sales volume of footwear and wearing apparel. Refer to Tables 2-B and 4.

  • Capacity Utilization

    Average capacity utilization in November 2006 for total manufacturing was estimated at 80.3 percent. Sectors that registered more than 80% capacity utilization rates were the following: machinery excluding electrical, electrical machinery, paper and paper products, petroleum products, miscellaneous manufactures, basic metals, leather products, rubber products, food manufacturing and chemical products. Refer to Table 6..

    The proportion of establishments that operated at full capacity (90% to 100%) comprised 10.3 percent in November 2006. More than half or 58.3 percent of the establishments operated at 70% to 89% capacity and 31.4 percent of the establishments operated below 70% capacity.

    Distribution of Key Manufacturing Establishments by Capacity Utilization
    Total Manufacturing, November 2006

    (In percent)

                Capacity Utilization                      Percent Share         
    Below 50 percent 3.5
    50 percent - 59 percent 8.9
    60 percent - 69 percent 19.0
    70 percent - 79 percent 21.4
    80 percent - 89 percent 36.9
    90 percent - 100 percent 10.3

  • Response Rate

    The response rates for the November 2006 Monthly Integrated Survey of Selected Industries and Producer Price Survey are 88.0 percent and 95.9 percent, respectively. Refer to Tables 7 and 8.

    Response Rates for Total Manufacturing
    (In percent)

                November 2006                      October 2006           
    (revised)
    MISSI 88.0 95.5r
    PPS 95.9r 98.9r


                           r-revised
  • Technical Notes

    Starting 2006, weights for the Producer Price Index (PPI) are based from the results of the 2003 Annual Survey of Philippine Business and Industry (ASPBI) for manufacturing establishments with average total employment (ATE) 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, October 2006 - November 2006
    (1994 =100)

                                Gainers                                       Year-on-Year Growth (percent)          
    November 2006 October 2006
    (revised)
     

    Basic Metals

    47.3

    38.3

    Chemical Products

    11.9

    -4.2

    Food Manufacturing

    4.7

    0.8

    Fabricated Metal Products*

    17.6

    14.6

    Wood and Wood Products

    26.3

    43.2

    Paper and Paper Products

    11.5

    16.4

    Publishing and Printing*

    16.8

    24.0

    Miscellaneous Manufactures

    9.5

    1.6

    Beverages

    0.9

    1.3

    Leather Products*

    14.1

    24.6

     
    Losers           Year-on-Year Growth (percent)          
    November 2006 October 2006
    (revised)
     

    Petroleum Products

    -25.5

    -36.3

    Textiles

    -35.6

    -30.5

    Tobacco

    -25.4

    -19.2

    Machinery Excluding Electrical*

    -48.8

    -51.0

    Transport Equipment

    -8.8

    -9.6

    Non-Metallic Mineral Products

    -12.6

    -7.2

    Electrical Machinery

    -2.1

    0.9

    Footwear and Wearing Apparel*

    -3.7

    1.6

    Rubber Products

    -13.5

    1.4

    Furniture and Fixtures

    -3.5

    1.5

    TABLE 1-A. VALUE OF PRODUCTION INDEX, October 2006 - November 2006
    (concluded)
    (1994=100)

                                Gainers                                   Month-on-Month Growth (percent)      
    November 2006 October 2006
    (revised)
     

    Petroleum Products

    16.4

    -11.3

    Food Manufacturing

    3.8

    17.3

    Chemical Products

    5.1

    26.6

    Basic Metals

    4.5

    -7.6

    Publishing and Printing*

    8.4

    15.7

    Beverages

    1.9

    -6.2

    Paper and Paper Products

    2.7

    4.7

    Wood and Wood Products

    4.6

    0.0

    Tobacco

    1.1

    -2.0

    Furniture and Fixtures

    1.0

    -5.1

    Fabricated Metal Products*

    10.2

    -3.3

     
    Losers       Month-on-Month Growth (percent)      
    November 2006 October 2006
    (revised)
     

    Electrical Machinery

    -12.1

    -12.6

    Footwear and Wearing Apparel*

    -14.0

    4.0

    Non-Metallic Mineral Products

    -6.4

    2.7

    Transport Equipment

    -2.2

    -6.2

    Rubber Products

    -10.1

    9.4

    Miscellaneous Manufactures

    -5.4

    -8.3

    Textiles

    -1.5

    -0.5

    Machinery Excluding Electrical*

    -2.8

    5.0

    Leather Products*

    -8.4

    11.8


    Note: * - new sectors in the 1994-based series

    b/ - Less than 0.1 percent decrease

    Sectors are ranked according to their contribution to the overall 1994-based November 2006 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, October 2006 - November 2006
    (1994 = 100)

                                Gainers                                       Year-on-Year Growth (percent)          
    November 2006 October 2006
    (revised)
     

    Basic Metals

    45.9

    36.8

    Chemical Products

    12.2

    -4.7

    Publishing and Printing*

    28.9

    36.8

    Wood and Wood Products

    18.9

    33.0

    Miscellaneous Manufactures

    12.2

    5.5

    Paper and Paper Products

    5.8

    11.9

    Furniture and Fixtures

    6.5

    13.3

    Fabricated Metal Products*

    8.3

    5.6

     
    Losers           Year-on-Year Growth (percent)          
    November 2006 October 2006
    (revised)
     

    Electrical Machinery

    -49.1

    -38.2

    Petroleum Products

    -26.7

    -32.7

    Textiles

    -38.3

    -33.6

    Footwear and Wearing Apparel*

    -22.7

    -18.5

    Tobacco

    -29.5

    -23.7

    Machinery Excluding Electrical*

    -57.2

    -58.0

    Non-Metallic Mineral Products

    -18.3

    -16.3

    Transport Equipment

    -7.8

    -7.8

    Food Manufacturing

    -2.0

    -5.8

    Rubber Products

    -24.0

    -10.8

    Beverages

    -1.6

    -1.3

    Leather Products*

    -8.8

    -0.4

    TABLE 1-B. VOLUME OF PRODUCTION INDEX, October 2006 - November 2006
    (concluded)
    (1994=100)

                                Gainers                                   Month-on-Month Growth (percent)      
    November 2006 October 2006
    (revised)
     

    Petroleum Products

    19.1

    -7.5

    Chemical Products

    6.3

    26.5

    Food Manufacturing

    3.5

    16.8

    Basic Metals

    4.5

    -7.5

    Publishing and Printing*

    8.4

    15.7

    Beverages

    1.9

    -6.2

    Wood and Wood Products

    6.0

    -0.6

    Tobacco

    1.1

    -2.0

    Paper and Paper Products

    1.7

    5.1

    Furniture and Fixtures

    1.2

    -4.6

    Fabricated Metal Products*

    10.2

    -4.7

     
    Losers           Month-on-Month Growth (percent)          
    November 2006 October 2006
    (revised)
     

    Electrical Machinery

    -11.9

    -12.2

    Footwear and Wearing Apparel*

    -14.7

    4.5

    Transport Equipment

    -2.3

    -4.5

    Non-Metallic Mineral Products

    -3.7

    0.7

    Rubber Products

    -10.1

    10.0

    Miscellaneous Manufactures

    -5.3

    -8.0

    Machinery Excluding Electrical*

    -3.1

    5.2

    Textiles

    -1.1

    -0.4

    Leather Products*

    -8.4

    11.8


    Note: * - new sectors in the 1994-based series

    Sectors are ranked according to their contribution to the overall 1994-based November 2006 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, October 2006 - November 2006
    (1994=100)

                                Gainers                                       Year-on-Year Growth (percent)          
    November 2006 October 2006
    (revised)
     

    Food Manufacturing

    23.7

    10.8

    Basic Metals

    44.9

    50.5

    Non-Metallic Mineral Products

    7.2

    3.0

    Chemical Products

    2.1

    4.6

    Publishing and Printing*

    18.4

    17.7

    Paper and Paper Products

    7.0

    -2.0

    Rubber Products

    15.8

    1.5

    Miscellaneous Manufactures

    8.9

    3.8

    Beverages

    1.3

    2.6

    Fabricated Metal Products*

    1.6

    3.2

    Electrical Machinery

    0.2

    3.5

    Leather Products*

    8.1

    -2.1

     
    Losers           Year-on-Year Growth (percent)          
    November 2006 October 2006
    (revised)
     

    Petroleum Products

    -15.4

    -14.7

    Footwear and Wearing Apparel*

    -23.4

    -10.2

    Machinery Excluding Electrical*

    -75.4

    -76.4

    Furniture and Fixtures

    -35.5

    -38.5

    Transport Equipment

    -3.6

    -14.6

    Tobacco

    -3.0

    15.3

    Wood and Wood Products

    -2.4

    14.7

    Textiles

    -0.4

    -9.9

    TABLE 2-A. VALUE OF NET SALES, October 2006 - November 2006(concluded)
    (1994=100)

                                Gainers                                   Month-on-Month Growth (percent)      
    November 2006 October 2006
    (revised)
     

    Food Manufacturing

    9.3

    11.8

    Fabricated Metal Products*

    8.6

    -5.4

    Paper and Paper Products

    5.4

    1.8

    Publishing and Printing*

    7.6

    21.7

    Non-Metallic Mineral Products

    2.0

    6.1

    Transport Equipment

    1.0

    -2.5

     
    Losers       Month-on-Month Growth (percent)      
    November 2006 October 2006
    (revised)
     

    Electrical Machinery

    -9.3

    -0.1

    Chemical Products

    -6.4

    10.5

    Petroleum Products

    -4.9

    -8.4

    Footwear and Wearing Apparel*

    -12.2

    4.4

    Basic Metals

    -4.7

    13.5

    Beverages

    -2.7

    -5.4

    Textiles

    -3.9

    0.7

    Tobacco

    -2.7

    0.8

    Rubber Products

    -9.6

    -1.1

    Wood and Wood Products

    -4.9

    -11.2

    Machinery Excluding Electrical*

    -2.6

    -1.0

    Miscellaneous Manufactures

    -1.8

    -8.5

    Furniture and Fixtures

    -2.2

    -19.2

    Leather Products*

    -6.8

    9.9


    Note: * - new sectors in the 1994-based series

    b/ - Less than 0.1 percent decrease

    Sectors are ranked according to their contribution to the overall 1994-based November 2006 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, October 2006 - November 2006
    (1994=100)

                                Gainers                                       Year-on-Year Growth (percent)          
    November 2006 October 2006
    (revised)
     

    Food Manufacturing

    15.8

    3.5

    Basic Metals

    43.4

    48.9

    Publishing and Printing*

    30.7

    29.8

    Chemical Products

    2.5

    4.0

    Miscellaneous Manufactures

    11.6

    7.8

    Paper and Paper Products

    1.6

    -5.8

    Rubber Products

    1.8

    -10.7

    Non-Metallic Mineral Products

    0.3

    -7.0

     
    Losers           Year-on-Year Growth (percent)          
    November 2006 October 2006
    (revised)
     

    Electrical Machinery

    -47.9

    -36.7

    Petroleum Products

    -16.8

    -9.9

    Footwear and Wearing Apparel*

    -38.5

    -28.0

    Machinery Excluding Electrical*

    -79.4

    -79.8

    Tobacco

    -8.4

    8.9

    Furniture and Fixtures

    -28.8

    -31.3

    Transport Equipment

    -2.5

    -12.8

    Textiles

    -4.7

    -14.0

    Fabricated Metal Products*

    -6.4

    -4.9

    Wood and Wood Products

    -8.1

    6.5

    Beverages

    -1.3

    0.0

    Leather Products*

    -13.6

    -21.8

    TABLE 2-B. VOLUME OF NET SALES, October 2006 - November 2006 (concluded)
    (1994=100)

                                Gainers                                   Month-on-Month Growth (percent)      
    November 2006 October 2006
    (revised)
     

    Food Manufacturing

    9.0

    11.3

    Non-Metallic Mineral Products

    5.0

    4.0

    Fabricated Metal Products*

    8.6

    -6.9

    Publishing and Printing*

    7.6

    21.7

    Paper and Paper Products

    4.4

    2.3

    Transport Equipment

    0.9

    -0.7

     
    Losers       Month-on-Month Growth (percent)      
    November 2006 October 2006
    (revised)
     

    Electrical Machinery

    -9.1

    0.5

    Chemical Products

    -5.3

    10.4

    Footwear and Wearing Apparel*

    -12.9

    4.9

    Petroleum Products

    -2.7

    -4.5

    Basic Metals

    -4.7

    13.6

    Beverages

    -2.8

    -5.4

    Textiles

    -3.5

    0.8

    Tobacco

    -2.7

    0.8

    Rubber Products

    -9.6

    -0.6

    Wood and Wood Products

    -3.6

    -11.7

    Machinery Excluding Electrical*

    -2.8

    -0.9

    Miscellaneous Manufactures

    -1.6

    -8.2

    Furniture and Fixtures

    -1.9

    -18.7

    Leather Products*

    -6.8

    9.9


    Note: * - new sectors in the 1994-based series

    Sectors are ranked according to their contribution to the overall 1994-based November 2006 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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