PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : March 2009

Release Date:
May 26, 2009

 

Total Manufacturing    March 2009     February 2009
Year-on-Year Growth  
    Production Index (2000=100)  
            Value         (VaPI) -12.0 -18.8r
            Volume     (VoPI) -12.7 -20.1r
    Net Sales Index (2000=100)  
            Value        (VaNSI) -15.8 -20.3r
            Volume     (VoNSI) -16.5 -21.6r
    Producer Price Index (2000=100) 0.8r 1.6r
    AVERAGE CAPACITY UTILIZATION 79.0 77.8r
 

 

 

·  Value of Production declines at a slower pace in March 2009

Value of Production Index (VaPI) for the manufacturing industry on an annual basis eased further to 12.0 percent in March 2009 from the previous month's decline of 18.8 percent, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Significant decreases in production values were noted in the following major sectors: leather products, petroleum products, basic metals, furniture and fixtures, footwear and wearing apparel, machinery except electrical, transport equipment, miscellaneous manufactures, publishing and printing, and paper and paper productsRefer to Tables 1-A and 1.

On a month-on-month basis, VaPI rebounded as it grew by 10.7 percent in March 2009. The growth was attributed to the increases in production values reported by 15 major sectors, with two-digit increments registered by the following: petroleum products, electrical machinery, leather products, miscellaneous manufactures, chemical products, non-metallic mineral products, and paper and paper productsRefer to Tables 1-A and 1.

·  Volume of Production still down

On a yearly basis, Volume of Production Index (VoPI) also dropped at a slower rate of 12.7 percent in March 2009 from the previous month's drop of 20.1 percent. Major sectors that significantly contributed to the decline were the following: leather products, basic metals, footwear and wearing apparel, furniture and fixtures, machinery except electrical, petroleum products, transport equipment, miscellaneous manufactures, publishing and printing, beverages, paper and paper products, textiles, and fabricated metal productsRefer to Tables 1-B and 2.

On the other hand, VoPI on a month-on-month change, climbed to 10.5 percent in March 2009. High production outputs were reported by eight (8) out of 15 major sectors led by petroleum products, registering an increase of 53.0 percent. Refer to Tables 1-B and 2.

 

 

·  Value of Net Sales decelerates at a slower rate in March 2009

Value of Net Sales Index (VaNSI) continued to decline at a slower rate as it posted a year-on-year decrease of 15.8 percent in March 2009 from the previous month's fall of 20.3 percent. Among the 14 major sectors that reported decreases in sales, ten sectors significantly contributed to the decline, namely: leather products, petroleum products, furniture and fixtures, basic metals, textiles, miscellaneous manufactures, machinery except electrical, electrical machinery, wood and wood products, and paper and paper productsRefer to Tables 2-A and 3.

On a month-on-month basis, however, VaNSI, recovered by 12.7 percent in March 2009 from drops observed since October 2008. Improved sales performances were reported by 16 major sectors, led by transport equipment with 52.1 percent increase in sales value. Refer to Tables 2-A and 3.

·  Volume of Net Sales still on the downtrend

Volume of Net Sales Index (VoNSI), on a year-on-year comparison, went down by 16.5 percent in March 2009. Twelve of the 16 major sectors reported significant decreases in sales volume, with leather products registering the highest decline of 73.8 percent.Refer to Tables 2-B and 4.

On the other hand, VoNSI on a month-on-month comparison, rebounded as it registered 12.4 percent growth in March 2009 from declines exhibited since October 2008. Twelve of the 17 major sectors that reported increases in sales volume, significantly contributed to the two-digit growth. Refer to Tables 2-B and 4.

 

·  Capacity Utilization

Average capacity utilization in March 2009 for total manufacturing was estimated at 79.0 percent. Only eight (8) major sectors registered capacity utilization rates of 80% and more, namely: basic metals, food manufacturing, paper and paper products, leather products, chemical products, miscellaneous manufactures, electrical machinery, and rubber and plastic productsRefer to Table 6.

The proportion of establishments that operated at full capacity (90% to 100%) was 11.4 percent in March 2009. About 63.7 percent of the establishments operated at 70% to 89% capacity while 24.9 percent of the establishments operated below 70% capacity.

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

(In percent)

Capacity Utilization

Percent Share

Below 50 percent

3.8

50 percent - 59 percent

7.4

60 percent - 69 percent

13.7

70 percent - 79 percent

22.5

80 percent - 89 percent

41.2

90 percent - 100 percent

11.4

 

·  Response Rates

The response rates for the March 2009 MISSI and PPS are 88.9 percent and 93.7 percent, respectively. Refer to Tables 7 and 8

Response Rates for Total Manufacturing
(In percent)

 

March 2009

February 2009 
(revised)

MISSI

88.9

95.5r

PPS

93.7r

96.8r

 

                                                     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, February 2009 - March 2009
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

March 2009

February 2009
(revised)

 

 

 

Chemical Products (excluding Plastic Products)

11.0

1.8

 

Electrical Machinery

3.1

-21.2

 

Non-Metallic Mineral Products

17.7

16.2

 

Tobacco Products

19.0

-19.3

 

Textiles

2.9

-5.0

 

Fabricated Metal Products

3.0

1.4

 

Wood and Wood Products

3.9

3.3

 

 

 

 

Losers

Year-on-Year Growth (%)

March 2009

February 2009
(revised)

 

Petroleum Products

-46.1

-69.6

Machinery Except Electrical

-22.6

-23.9

Basic Metals

-42.3

-25.8

Food Manufacturing

-9.6

-9.3

Transport Equipment

-20.1

-19.1

Footwear and Wearing Apparel

-28.1

-34.8

Miscellaneous Manufactures

-14.6

-31.7

Furniture and Fixtures

-31.3

-12.7

Paper and Paper Products

-10.3

-17.4

Publishing and Printing

-13.5

1.0

Rubber and Plastic Products*

-5.0

-9.7

Leather Products

-51.6

-55.0

Beverages

-2.3

-0.8

 

 

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

 

Gainers

Month-on-Month Growth (%)

 

March 2009

February 2009
(revised)

 

 

 

Petroleum Products

52.5

21.9

 

Electrical Machinery

28.7

7.6

 

Food Manufacturing

7.2

6.3

 

Chemical Products (excluding Plastic Products)

15.7

9.2

 

Non-Metallic Mineral Products

13.8

3.2

 

Beverages

8.5

-13.1

 

Miscellaneous Manufactures

18.3

-9.7

 

Machinery Except Electrical

2.5

-17.2

 

Rubber and Plastic Products*

8.5

-3.0

 

Paper and Paper Products

10.8

-16.6

 

Footwear and Wearing Apparel

6.8

-2.6

 

Tobacco Products

9.9

1.3

 

Textiles

5.0

3.6

 

Leather Products

18.3

-32.6

 

Wood and Wood Products

5.4

9.5

 

 

 

 

Losers

Month-on-Month Growth (%)

March 2009

February 2009
(revised)

 

Basic Metals

-13.1

20.3

Publishing and Printing

-22.4

18.8

Furniture and Fixtures

-24.2

6.9

Transport Equipment

-1.9

-0.3

Fabricated Metal Products

-1.2

11.8

 

Notes:

* - new sector in the 2000-based series.

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

 

Gainers

Year-on-Year Growth (%)

 

March 2009

February 2009
(revised)

 

 

 

Chemical Products (excluding Plastic Products)

5.2

-5.6

 

Tobacco Products

17.7

-20.1

 

Non-Metallic Mineral Products

11.6

10.7

 

Rubber and Plastic Products*

3.0

-5.6

 

Wood and Wood Products

3.2

2.3

 

 

 

 

Losers

Year-on-Year Growth (%)

March 2009

February 2009
(revised)

 

Machinery Except Electrical

-28.1

-28.9

Petroleum Products

-25.0

-60.1

Basic Metals

-39.9

-24.1

Food Manufacturing

-9.8

-11.5

Footwear and Wearing Apparel

-35.6

-42.3

Transport Equipment

-21.5

-22.3

Beverages

-12.9

-12.5

Miscellaneous Manufactures

-19.9

-27.9

Furniture and Fixtures

-32.8

-14.8

Paper and Paper Products

-12.3

-24.3

Textiles

-12.3

-20.1

Fabricated Metal Products

-12.0

-12.7

Publishing and Printing

-13.5

1.0

Leather Products

-55.3

-58.7

Electrical Machinery

-0.6

-23.5

 

 

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

 

Gainers

Month-on-Month Growth (%)

 

March 2009

February 2009
(revised)

 

Losers

Month-on-Month Growth (%)

 

March 2009

February 2009
(revised)

 

 

 

Petroleum Products

53.0

19.6

 

Electrical Machinery

26.0

9.3

 

Food Manufacturing

8.5

7.9

 

Chemical Products (excluding Plastic Products)

16.1

10.1

 

Beverages

8.5

-14.1

 

Non-Metallic Mineral Products

12.5

6.4

 

Paper and Paper Products

18.0

-18.3

 

Miscellaneous Manufactures

17.3

-7.0

 

Rubber and Plastic Products*

10.8

-1.8

 

Footwear and Wearing Apparel

6.8

-2.6

 

Tobacco Products

9.7

-0.9

 

Textiles

5.0

b/

 

Machinery Except Electrical

0.8

-17.7

 

Leather Products

18.6

-32.7

 

Wood and Wood Products

5.6

9.5

 

 

 

 

 

Basic Metals

-13.4

24.2

 

Publishing and Printing

-22.4

18.8

 

Furniture and Fixtures

-26.6

12.5

 

Transport Equipment

-0.7

-1.1

 

Fabricated Metal Products

-0.8

-12.9

 

Notes

* - 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 March 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, February 2009 - March 2009
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

March 2009

February 2009
(revised)

 

 

 

Non-Metallic Mineral Products

32.2

18.9

 

Beverages

8.4

4.3

 

Chemical Products (excluding Plastic Products)

2.9

5.5

 

Publishing and Printing

16.9

-8.8

 

Tobacco Products

5.1

-4.8

 

Fabricated Metal Products

0.5

-6.2

 

 

 

 

Losers

Year-on-Year Growth (%)

March 2009

February 2009
(revised)

 

Petroleum Products

-46.7

-45.4

Electrical Machinery

-14.1

-32.7

Machinery Except Electrical

-18.3

-36.1

Basic Metals

-36.5

-31.9

Food Manufacturing

-7.5

-7.0

Miscellaneous Manufactures

-20.1

-31.3

Textiles

-21.3

-30.0

Furniture and Fixtures

-41.0

-34.0

Paper and Paper Products

-12.3

-17.0

Footwear and Wearing Apparel

-6.3

-6.0

Leather Products

-71.5

-56.2

Rubber and Plastic Products*

-7.6

-6.6

Wood and Wood Products

-12.4

-3.6

Transport Equipment

-0.9

-36.2

 

 

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

 

Gainers

Month-on-Month Growth (%)

 

March 2009

February 2009
(revised)

 

 

 

Electrical Machinery

26.3

-2.0

 

Transport Equipment

52.1

-13.2

 

Petroleum Products

10.0

-16.6

 

Beverages

22.8

-4.7

 

Chemical Products (excluding Plastic Products)

10.7

-0.6

 

Food Manufacturing

5.4

5.1

 

Non-Metallic Mineral Products

18.4

5.0

 

Machinery Except Electrical

4.8

-16.0

 

Miscellaneous Manufactures

22.2

-11.2

 

Tobacco Products

19.3

-4.1

 

Footwear and Wearing Apparel

12.2

-1.9

 

Fabricated Metal Products

14.6

-9.7

 

Publishing and Printing

13.2

-18.8

 

Textiles

7.5

9.3

 

Paper and Paper Products

5.8

-11.6

 

Basic Metals

2.2

-1.2

 

 

 

 

Losers

Month-on-Month Growth (%)

March 2009

February 2009
(revised)

 

Leather Products

-41.3

-38.4

Furniture and Fixtures

-4.3

19.4

Wood and Wood Products

-2.1

6.7

Rubber and Plastic Products*

-0.7

1.0

 

Note:

* - new sector in the 2000-based series

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

 

Gainers

Year-on-Year Growth (%)

 

March 2009

February 2009
(revised)

 

Losers

Year-on-Year Growth (%)

 

March 2009

February 2009
(revised)

 

 

 

Non-Metallic Mineral Products

25.4

13.2

 

Publishing and Printing

16.9

-8.8

 

Tobacco Products

3.9

-5.7

 

Rubber and Plastic Products*

0.2

-2.3

 

 

 

 

 

Electrical Machinery

-17.2

-34.7

 

Petroleum Products

-25.9

-28.2

 

Machinery Except Electrical

-24.2

-40.2

 

Basic Metals

-33.8

-30.4

 

Food Manufacturing

-7.7

-9.3

 

Textiles

-32.8

-41.1

 

Miscellaneous Manufactures

-25.0

-27.5

 

Footwear and Wearing Apparel

-16.0

-16.8

 

Furniture and Fixtures

-42.3

-35.6

 

Paper and Paper Products

-14.3

-23.8

 

Chemical Products (excluding Plastic Products)

-2.5

-2.1

 

Fabricated Metal Products

-14.1

-19.2

 

Leather Products

-73.8

-59.8

 

Beverages

-3.4

-8.0

 

Transport Equipment

-2.7

-38.7

 

Wood and Wood Products

-13.1

-4.6

 

 

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

 

Gainers

Month-on-Month Growth (%)

 

March 2009

February 2009
(revised)

 

 

 

Electrical Machinery

23.6

-0.5

 

Transport Equipment

54.0

-14.0

 

Food Manufacturing

6.8

6.6

 

Petroleum Products

10.4

-18.1

 

Beverages

22.8

-5.8

 

Chemical Products (excluding Plastic Products)

11.1

0.2

 

Non-Metallic Mineral Products

17.1

8.3

 

Miscellaneous Manufactures

21.2

-8.6

 

Tobacco Products

19.1

-6.2

 

Footwear and Wearing Apparel

12.2

-1.9

 

Machinery Except Electrical

3.1

-16.5

 

Paper and Paper Products

12.7

-13.4

 

Fabricated Metal Products

15.0

-8.7

 

Publishing and Printing

13.2

-18.8

 

Textiles

7.6

5.5

 

Basic Metals

1.9

2.0

 

Rubber and Plastic Products*

1.4

2.3

 

 

 

 

Losers

Month-on-Month Growth (%)

March 2009

February 2009
(revised)

 

Leather Products

-41.2

-38.5

Furniture and Fixtures

-7.4

25.6

Wood and Wood Products

-1.9

6.7

 

Note:

*  -   new sector in the 2000-based series

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