PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : February 2008

Release Date:
April 25, 2008
 
 

 

Total Manufacturing

February 2008

January 2008

 

 

Year-on-Year Growth

 

 

    Production Index (2000=100)

 

     

 

            Value        (VaPI)

9.5

-1.1r

     

 

            Volume     (VoPI)

8.6

-0.5r

     

 

    Net Sales Index (2000=100)

 

     

 

            Value        (VaNSI)

11.0

-0.1r

     

 

            Volume     (VoNSI)

11.1

1.2r

     

 

    Producer Price Index (2000=100)

-0.8r

-0.6r

     

 

    AVERAGE CAPACITY UTILIZATION

80.1

80.2

     

 

                                              

·  Value of Production accelerates in February 2008

Value of Production Index (VaPI) for the manufacturing industry registered a year-on-year growth of 9.5 percent in February 2008, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). The growth maybe attributed to the two-digit increases in seven (7) major sectors led by petroleum products with 77.2 percent. Other major sectors that recorded two-digit increments in value of production were the following:leather products, beverages, footwear and wearing apparel, basic metals, wood and wood products, and rubber and plastic products. Refer to Tables 1-A and 7 .

VaPI, on a month-on-month basis, improved by 0.3 in February 2008 from its previous month's negative growth of 12.4 percent. This was mainly due to the increases in production value reported by the eight (8) major sectors led by footwear and wearing apparel, and basic metals, that offset the decreases observed in 12 major sectors. Refer to Tables 1-A and 7.

·  Volume of Production Index also expands

Volume of Production Index (VoPI), on a year-on-year basis, likewise grew by 8.6 percent in February 2008. Thirteen (13) of the 20 major sectors reported increases in production output with two-digit increments observed in the following: petroleum products, leather products, beverages, footwear and wearing apparel, and wood and wood products. Refer to Tables 1-B and 8.

VoPI, on a month-on-month basis, dropped at a slower rate by 0.4 percent in February 2008 compared with the decline of 13.7 percent in January 2008. Fourteen (14) major sectors registered decline in production volume with two-digit decreases observed in the following: paper and paper products, electrical machinery, and tobacco products. Refer to Tables 1-B and 8.

·  Value of Net Sales posts two-digit growth

Value of Net Sales Index (VaNSI), on a year-on-year basis, recovered with 11.0 percent growth in February 2008. Improved sales performance at two-digit increases were reported by the following major sectors: petroleum products, basic metals, beverages, tobacco products, leather products, and wood and wood products. Refer to Tables 2-A and 9.

VaNSI, on a month-on-month basis, recorded a decline of 0.4 percent in February 2008. Sluggish sales performances were observed in 12 major sectors, with two-digit decreases in the following: tobacco products, paper and paper products, and publishing and printing. Refer to Tables 2-A and 9.

·  Volume of Net Sales improves further

Volume of Net Sales Index (VoNSI) reflected a year-on-year increment of 11.1 percent in February 2008. This maybe attributed to the increases reported by 13 major sectors, with two-digit increases exhibited by the following: miscellaneous manufactures, petroleum products, beverages, tobacco products, machinery except electrical, leather products, furniture and fixtures, and wood and wood products. Refer to Tables 2-B and 10.

VoNSI, on a month-on-month basis, dropped by 1.1 percent in February 2008. Significant reduction in sales volume were noted in the following major sectors: tobacco products, paper and paper products, and publishing and printing. Refer to Tables 2-B and 10.

 

·  Capacity Utilization

Average capacity utilization in February 2008 for total manufacturing was estimated at 80.1 percent. Ten (10) major sectors that registered more than 80% capacity utilization rates were the following: basic metals, footwear and wearing apparel, leather products, food manufacturing, paper and paper products, miscellaneous manufactures, petroleum products, electrical machinery, chemical products (excluding plastic products), and rubber and plastic products. Refer to Table 6.

The proportion of establishments that operated at full capacity (90% to 100%) was 9.6 percent in February 2008. More than half or 58.7 percent of the establishments operated at 70% to 89% capacity while 31.7 percent of the establishments operated below 70% capacity.

Distribution of Key Manufacturing Establishments by Capacity Utilization
Total Manufacturing, February 2008

(In percent)

Capacity Utilization

Percent Share

Below 50 percent

4.3

50 percent - 59 percent

8.9

60 percent - 69 percent

18.5

70 percent - 79 percent

22.0

80 percent - 89 percent

36.7

90 percent - 100 percent

9.6

 

·  Response Rates

The response rates for the February 2008 MISSI and PPS are 86.3 percent and 93.9 percent, respectively. Refer to Tables 12 and 13.

Response Rates for Total Manufacturing
(In percent)

 

February 2008

January 2008
(revised)

MISSI

86.3

93.7r

PPS

93.9r

96.8r

 

                  

·  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, 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 2008 - February 2008
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

February 2008

January 2008
(revised)

 

 

 

Petroleum Products

77.2

-6.6

 

Beverages

42.3

33.2

 

Footwear and Wearing Apparel

36.5

7.2

 

Basic Metals

21.2

10.7

 

Chemical Products (excluding Plastic Products)

9.6

9.2

 

Rubber and Plastic Products*

11.9

-6.2

 

Tobacco products

9.8

31.2

 

Fabricated Metal Products

9.2

21.8

 

Leather Products

47.5

54.8

 

Wood and Wood Products

15.2

26.6

 

Paper and Paper Products

0.4

8.5

 

 

 

 

 

Losers

Year-on-Year Growth (%)

February 2008

January 2008
(revised)

 

Transport Equipment

-7.2

-12.5

Textiles

-15.6

-4.8

Furniture and fixtures

-27.6

-16.0

Miscellaneous Manufactures

-10.4

3.1

Machinery Except Electrical

-1.8

-5.1

Electrical Machinery

-0.8

-2.7

Food Manufacturing

-0.4

-9.0

Non-Metallic Mineral Products

-2.5

-1.9

Publishing and Printing

-4.9

-4.8

 

 

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

 

Gainers

Month-on-Month Growth (%)

 

February 2008

January 2008
(revised)

 

 

 

Food Manufacturing

3.9

-31.3

 

Basic Metals

13.1

3.1

 

Footwear and Wearing Apparel

18.4

16.7

 

Chemical Products (excluding Plastic Products)

6.3

-10.3

 

Transport Equipment

5.6

1.2

 

Rubber and Plastic Products*

5.4

2.0

 

Publishing and Printing

1.6

-9.2

 

Fabricated Metal Products

0.4

13.8

 

 

 

 

 

Losers

Month-on-Month Growth (%)

February 2008

January 2008
(revised)

 

Electrical Machinery

-8.9

3.8

Petroleum products

-5.2

-21.1

Paper and Paper Products

-13.8

17.4

Tobacco Products

-10.1

37.6

Beverages

-4.2

-10.6

Machinery Except Electrical

-1.0

-6.4

Furniture and Fixtures

-10.4

-1.1

Miscellaneous Manufactures

-3.9

-0.3

Non-Metallic Mineral Products

-2.6

-1.0

Textiles

-4.0

2.3

Leather Products

-7.3

20.9

Wood and Wood Products

-0.3

-0.2

 

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

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

 

Gainers

Year-on-Year Growth (%)

 

February 2008

January 2008
(revised)

 

 

 

Petroleum Products

46.7

-21.2

 

Beverages

39.9

32.4

 

Footwear and Wearing Apparel

35.6

6.4

 

Machinery Except Electrical

7.2

8.0

 

Chemical Products (excluding Plastic Products)

8.0

3.0

 

Electrical Machinery

2.7

3.2

 

Rubber and Plastic Products*

8.6

-4.7

 

Tobacco Products

9.1

30.4

 

Miscellaneous Manufactures

7.3

28.7

 

Fabricated Metal Products

7.2

26.9

 

Leather Products

42.6

50.3

 

Wood and Wood Products

12.0

23.0

 

Paper and Paper Products

1.0

6.5

 

 

 

 

 

Losers

Year-on-Year Growth (%)

February 2008

January 2008
(revised)

 

Food Manufacturing

-6.2

-14.0

Textiles

-18.1

-8.0

Transport Equipment

-6.9

-9.5

Publishing and Printing

-13.3

-10.8

Non-Metallic Mineral Products

-4.2

-3.1

Furniture and Fixtures

-15.4

-3.2

Basic Metals

-1.3

-9.4

 

 

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

 

Gainers

Month-on-Month Growth (%)

 

February 2008

January 2008
(revised)

 

 

Food Manufactuirng

3.6

-33.8

 

Footwear and Wearing Apparel

18.1

16.5

 

Basic Metals

11.4

0.9

 

Chemical Products (excluding Plastic Products)

6.6

-12.3

 

Rubber and Plastic Products*

5.1

0.6

 

Transport Equipment

2.8

3.2

 

 

 

Losers

Month-on-Month Growth (%)

 

February 2008

January 2008
(revised)

Electrical Machinery

-10.3

-0.9

 

Petroleum Products

-5.1

-19.7

 

Paper and Paper Products

-14.5

17.0

 

Tobacco Products

-10.1

36.6

 

Beverages

-4.2

-11.6

 

Miscellaneous Manufactures

-6.9

2.3

 

Non-Metallic Mineral Products

-2.8

-0.4

 

Textiles

-3.8

2.8

 

Machinery Except Electrical

-0.6

-4.9

 

Furniture and Fixtures

-7.5

5.2

 

Fabricated Metal Products

-2.2

19.5

 

Leather Products

-7.8

22.0

 

Publishing and Printing

-1.2

-14.9

 

Wood and Wood Products

-0.2

-3.9

 

 

Notes * - new sectors in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based February 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 2-A. VALUE OF NET SALES, January 2008 - February 2008
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

February 2008

January 2008
(revised)

 

 

 

Petroleum Products

46.6

19.9

 

Food Manufacturing

8.4

-11.7

 

Basic Metals

26.1

5.5

 

Beverages

23.3

22.5

 

Chemical Products (excluding Plastic Products)

8.0

8.8

 

Machinery Except Electrical

5.1

-0.4

 

Transport Equipment

8.2

9.7

 

Tobacco Products

18.1

61.6

 

Miscellaneous Manufactures

8.1

-0.1

 

Non-Metallic Mineral Products

4.5

12.5

 

Wood and Wood Products

13.1

13.6

 

Leather Products

16.7

19.6

 

Rubber and Plastic Products*

2.5

-0.2

 

 

 

 

 

Losers

Year-on-Year Growth (%)

February 2008

January 2008
(revised)

 

Electrical Machinery

-9.5

-11.8

Textiles

-20.8

-13.8

Paper and Paper Products

-9.1

8.7

Footwear and Wearing Apparel

-5.4

-53.9

Fabricated Metal Products

-10.1

17.9

Publishing and Printing

-8.6

1.9

Furniture and Fixtures

-4.2

-6.3

 

 

TABLE 2-A. VALUE OF NET SALES, January 2008 - February 2008
(concluded)
(2000=100)

 

 

Gainers

Month-on-Month Growth (%)

 

February 2008

January 2008
(revised)

 

 

 

Petroleum Products

7.7

-11.4

 

Footwear and Wearing Apparel

17.1

-14.2

 

Chemical Products (excluding Plastic Products)

3.5

-15.1

 

Basic Metals

5.7

-5.8

 

Transport Equipment

1.8

-12.5

 

Furniture and Fixtures

8.5

-15.7

 

Non-Metallic Mineral Products

2.1

9.2

 

Rubber and Plastic Products*

3.7

3.0

 

 

 

 

 

Losers

Month-on-Month Growth (%)

February 2008

January 2008
(revised)

 

Electrical Machinery

-5.7

-6.5

Food Manufacturing

-5.8

-5.0

Tobacco Products

-25.8

48.7

Paper and Paper Products

-15.8

18.7

Machinery Except Electrical

-1.9

-6.8

Publishing and Printing

-13.2

-6.7

Textiles

-6.0

12.3

Fabricated Metal Products

-6.8

9.4

Beverages

-1.0

-28.4

Miscellaneous Manufactures

-2.0

-15.8

Leather Products

-2.8

-1.2

Wood and Wood Products

-0.7

-13.1

 

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

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

 

Gainers

Year-on-Year Growth (%)

 

February 2008

January 2008
(revised)

 

 

Petroleum Products

21.4

1.2

 

Machinery Except Electrical

14.7

13.3

 

Beverages

21.2

21.8

 

Food Manufacturing

4.7

-5.6

 

Miscellaneous Manufactures

29.5

24.8

 

Transport Equipment

8.5

13.5

 

Tobacco Products

17.3

60.5

 

Chemical Products (excluding plastic products)

2.1

8.8

 

Basic Metals

2.7

-13.6

 

Furniture and Fixtures

12.0

8.0

 

Non-Metallic Mineral Products

2.6

11.0

 

Wood and Wood Products

10.0

10.4

 

Leather Products

12.8

16.2

 

 

 

Losers

Year-on-Year Growth (%)
 

 

February 2008 January 2008
(revised)

Electrical Machinery

-6.4

-6.5

 

Textiles

-23.1

-16.6

 

Publishing and Printing

-16.7

-4.5

 

Footwear and Wearing Apparel*

-6.0

-54.2

 

Fabricated Metal Products

-11.8

22.8

 

Paper and Paper Products

-8.5

6.7

 

Rubber and Plastic Products*

-0.5

1.4

 

 

 

TABLE 2-B. VOLUME OF NET SALES, January 2008 - February 2008
(concluded)
(2000=100)

 

 

Gainers

Month-on-Month Growth (%)

 

February 2008

January 2008
(revised)

 

 

 

Petroleum Products

7.9

-9.8

 

Footwear and Wearing Apparel

16.8

-14.4

 

Chemical Products (excluding Plastic Products)

3.8

-16.9

 

Basic Metals

4.2

-7.9

 

Furniture and Fixtures

12.0

-10.4

 

Non-Metallic Mineral Products

1.9

9.8

 

Rubber and Plastic Products*

3.4

2.8

 

 

 

 

 

Losers

Month-on-Month Growth (%)

February 2008

January 2008
(revised)

 

Electrical Machinery

-7.2

-10.7

Tobacco Products

-25.8

47.7

Paper and Paper Products

-16.5

18.3

Publishing and Printing

-15.6

-12.5

Machinery Except Electrical

-1.5

-5.3

Fabricated Metal Products

-9.2

14.9

Food Manufacturing

-0.7

-11.8

Textiles

-5.8

12.9

Miscellaneous Manufactures

-5.1

-13.6

Beverages

-1.0

-28.2

Transport Equipment

-1.0

-10.8

Leather Products

-3.3

2.2

Wood and Wood Products

-0.6

-16.3

 

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

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

AttachmentSize
PDF icon Table 1 Value of Production Index (VaPI), Year-on-Year and Month-on-Month Growth Rates for Manufacturing Sector.pdf54.9 KB
PDF icon Table 2 Volume of Production Index (VoPI), Year-on-Year and Month-on-Month Growth Rates for Manufacturing Sector.pdf28.08 KB
PDF icon Table 3 Value of Net Sales, Year-on-Year and Month-on-Month Growth Rates for Manufacturing Sector.pdf44.05 KB
PDF icon Table 4 Volume of Net Sales, Year-on-Year and Month-on-Month Growth Rates for Manufacturing Sector.pdf22.55 KB
PDF icon Table 5 Producer Price Index, Year-on-Year and Month-on-Month Growth Rates for Manufacturing Sector.pdf26.66 KB
PDF icon Table 6. Average Capacity Utilization by Major Sector January 2007 - February 2008.pdf7.41 KB
PDF icon Table 7 Value of Production Index (VaPI), Year-on-Year and Month-on-Month Growth Rates for Manufacturing Sector.pdf64.01 KB
PDF icon Table 8 Volume of Production Index (VoPI), Year-on-Year and Month-on-Month Growth Rates for Manufacturing Sector.pdf33.53 KB
PDF icon Table 9 Value of Net Sales Index (VaNSI), Year-on-Year and Month-on-Month Growth Rates for Manufacturing Sector.pdf63.97 KB
PDF icon Table 10 Volume of Net Sales Index (VoNSI), Year-on-Year and Month-on-Month Growth Rates for Manufacturing Sector.pdf30.95 KB
PDF icon Table 11 Producer Price Index, Year-on-Year and Month-on-Month Growth Rates for Manufacturing Sector.pdf31.01 KB
PDF icon Table 12 Distribution of Samples and Responding Establishments by Major Industry Group MISSI.pdf7.18 KB
PDF icon Table 13 Distribution of Samples and Responding Establishments by Major Industry Group PPS.pdf6.94 KB
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