PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : March 2008

Release Date:
May 27, 2008
 

 

Total Manufacturing

March 2008

February 2008

 

 

Year-on-Year Growth

 

 

    Production Index (2000=100)

 

     

 

            Value        (VaPI)

-5.0

7.4r

     

 

            Volume     (VoPI)

-5.9

6.3r

     

 

    Net Sales Index (2000=100)

 

     

 

            Value        (VaNSI)

-0.2

10.5r

     

 

            Volume     (VoNSI)

-0.2

10.4r

     

 

    Producer Price Index (2000=100)

0.9r

1.0r

     

 

    AVERAGE CAPACITY UTILIZATION

80.2

80.2r

     

 

                                                r-revised

·  Value of Production decelerates in March 2008

Value of Production Index (VaPI) for the manufacturing industry, after posting a year-on-year increase of 7.4 percent in February 2008, shrank by 5.0 percent in March 2008, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was primarily due to the sluggish performance in production observed in the following sectors: machinery except electrical, furniture and fixtures, miscellaneous manufactures, tobacco products, textiles, electrical machinery, fabricated metal products, and publishing and printing. Refer to Tables 1-A and 7.

However, VaPI, on a month-on-month basis, improved by 1.7 percent in March 2008. This was brought about by the double-digit increases in production value of non-metallic mineral products, basic metals and beverages. Refer to Tables 1-A and 7.

·  Volume of Production also contracts

Volume of Production Index (VoPI), on a year-on-year basis, dropped by 5.9 percent in March 2008. Production output of sixteen (16) major sectors contracted, with double-digit decreases observed in the following: machinery except electrical, furniture and fixtures, tobacco products, textiles, publishing and printing, miscellaneous manufactures, food manufacturing, petroleum products, fabricated metal products, and electrical machinery. Refer to Tables 1-B and 8.

VoPI, on a month-on-month basis, grew by 0.9 percent in March 2008. This was due to the two-digit increases in production output observed in non-metallic mineral products and basic metals. Refer to Tables 1-B and 8.

·  Value of Net Sales decreases in March 2008

Value of Net Sales Index (VaNSI), on a yearly comparison, dipped by 0.2 percent in March 2008. The decline was exhibited by twelve (12) major sectors, with two-digit decreases observed in the following: machinery except electrical, miscellaneous manufactures, textiles, electrical machinery, publishing and printing, furniture and fixtures, and basic metals. Refer to Tables 2-A and 9.

On a month-on-month basis, however, VaNSI, rose by 7.3 percent in March 2008. This was due to the significant sales performance of thirteen (13) major sectors, with two-digit increases observed in the following: beverages, non-metallic mineral products, footwear and wearing apparel, petroleum products, furniture and fixtures, and food manufacturing. Refer to Tables 2-A and 9.

·  Volume of Net Sales declines in March 2008

Volume of Net Sales Index (VoNSI), on a year-on-year basis, slid by 0.2 percent in March 2008. This was brought about by the significant reduction in sales volume reported by the following major sectors: machinery except electrical, textiles, publishing and printing, basic metals, electrical machinery, and leather products. Refer to Tables 2-B and 10.

VoNSI, on a month-on-month basis, expanded by 6.4 percent in March 2008. Major sources of increases were observed in the following sectors: beverages, non-metallic mineral products, and footwear and wearing apparel. Refer to Tables 2-B and 10.

·  Capacity Utilization

Average capacity utilization in March 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, 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 9.7 percent in March 2008. More than half or 59.1 percent of the establishments operated at 70% to 89% capacity while 31.2 percent of the establishments operated below 70% capacity.

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

(In percent)

Capacity Utilization

Percent Share

Below 50 percent

4.5

50 percent - 59 percent

8.2

60 percent - 69 percent

18.5

70 percent - 79 percent

20.7

80 percent - 89 percent

38.4

90 percent - 100 percent

9.7

 

·  Response Rates

The response rates for the March 2008 MISSI and PPS are 91.4 percent and 94.5 percent, respectively. Refer to Tables 12 and 13.

Response Rates for Total Manufacturing
(In percent)

 

March 2008

February 2008
(revised)

MISSI

91.4

96.8r

PPS

94.5r

97.4r

 

                        r-revised

·  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 the February 2008 issue, a revised industry disaggregation of the MISSI indices and PPI will be adopted to conform to the amended 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, February 2008 - March 2008
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

March 2008

February 2008
(revised)

 

 

 

Beverages

27.9

40.9

 

Footwear and Wearing Apparel

42.3

35.5

 

Petroleum Products

7.6

77.2

 

Basic Metals

7.9

16.1

 

Rubber and Plastic Products*

4.7

11.4

 

Leather Products

55.6

46.4

 

Chemical Products (excluding Plastic Products)

1.1

9.2

 

Wood and Wood Products

11.4

13.3

 

 

 

 

 

Losers

Year-on-Year Growth (%)

March 2008

February 2008
(revised)

 

Machinery Except Electrical

-47.9

-43.7

Electrical Machinery

-15.3

-2.2

Food Manufacturing

-5.6

4.1

Miscellaneous Manufactures

-30.1

-25.0

Tobacco Products

-20.6

9.8

Transport Equipment

-9.0

-7.9

Textiles

-17.1

-15.4

Furniture and Fixtures

-36.6

-25.6

Fabricated Metal Products

-10.3

1.9

Publishing and Printing

-10.2

0.2

Paper and Paper Products

-5.9

1.5

Non-Metallic Mineral Products

-0.1

-2.5

 

 

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

 

Gainers

Month-on-Month Growth (%)

 

March 2008

February 2008
(revised)

 

 

 

Food Manufacturing

7.1

10.2

 

Basic Metals

11.3

8.2

 

Beverages

10.3

-5.2

 

Chemical Products (excluding Plastic Products)

5.9

4.6

 

Non-Metallic Mineral Products

12.0

-2.4

 

Miscellaneous Manufactures

5.7

-2.9

 

Rubber and Plastic Products*

3.3

5.0

 

Transport Equipment

1.3

4.8

 

Paper and Paper Products

2.1

-14.7

 

Wood and Wood Products

4.3

-0.7

 

Leather Products

8.1

-7.1

 

 

 

 

 

Losers

Month-on-Month Growth (%)

March 2008

February 2008
(revised)

 

Petroleum Products

-14.2

-5.3

Electrical Machinery

-4.5

-10.1

Tobacco Products

-25.5

-10.1

Footwear and Wearing Apparel

-5.0

17.5

Publishing and Printing

-5.0

6.7

Machinery Except Electrical

-0.6

-11.5

Textiles

-2.5

-4.1

Furniture and Fixtures

-3.9

-7.0

Fabricated Metal Products

-1.7

-5.4

 

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

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

 

Gainers

Year-on-Year Growth (%)

 

March 2008

February 2008
(revised)

 

 

 

Footwear and Wearing Apparel

44.8

33.3

 

Beverages

28.0

40.0

 

Leather Products

49.9

41.4

 

Wood and Wood Products

8.2

10.1

 

 

 

 

 

Losers

Year-on-Year Growth (%)

March 2008

February 2008
(revised)

 

Machinery Except Electrical

-44.2

-39.2

Food Manufacturing

-12.6

-2.8

Electrical Machinery

-11.1

1.6

Petroleum Products

-12.5

46.7

Tobacco Products

-21.2

9.1

Transport Equipment

-9.3

-7.6

Basic Metals

-8.0

-5.6

Textiles

-18.2

-17.4

Miscellaneous Manufactures

-14.3

-10.2

Furniture and Fixtures

-29.0

-14.6

Publishing and Printing

-18.2

-8.7

Fabricated Metal Products

-11.8

0.0

Paper and Paper Products

-4.2

2.3

Non-Metallic Mineral Products

-1.6

-4.2

Chemical Products (excluding Plastic Products)

-0.1

8.1

Rubber and Plastic Products*

-0.2

8.0

 

 

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

 

Gainers

Month-on-Month Growth (%)

 

March 2008

February 2008
(revised)

 

 

Food Manufactuirng

5.9

9.2

 

Basic Metals

11.0

6.5

 

Beverages

9.2

-4.1

 

Chemical Products (excluding Plastic Products)

5.0

5.4

 

Non-Metallic Mineral Products

11.2

-2.6

 

Miscellaneous Manufactures

7.9

-6.0

 

Rubber and Plastic Products*

1.7

4.5

 

Transport Equipment

1.0

2.0

 

Paper and Paper Products

1.9

-15.2

 

Wood and Wood Products

4.3

-0.6

 

Leather Products

7.8

-7.6

 

Losers

Month-on-Month Growth (%)

 

March 2008

February 2008
(revised)
 

 

Petroleum Products

-18.3

-5.1

 

Electrical Machinery

-4.2

-10.7

 

Tobacco Products

-25.5

-10.1

 

Machinery Except Electrical

-1.7

-11.0

 

Footwear and Wearing Apparel

-5.3

17.1

 

Textiles

-3.7

-3.5

 

Publishing and Printing

-5.0

3.7

 

Furniture and Fixtures

-7.1

-5.8

 

Fabricated Metal Products

-1.5

-7.9

 

 

Notes * - new sectors in the 2000-based series

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

 

Gainers

Year-on-Year Growth (%)

 

March 2008

February 2008
(revised)

 

 

 

Petroleum Products

42.0

46.6

 

Food Manufacturing

6.2

10.8

 

Beverages

20.7

22.9

 

Footwear and Wearing Apparel

13.7

-6.3

 

Chemical Products (excluding Plastic Products)

2.1

7.4

 

Wood and Wood Products

22.2

12.1

 

Non-Metallic Mineral Products

3.6

3.7

 

Tobacco Products

0.1

18.2

 

 

 

 

 

Losers

Year-on-Year Growth (%)

March 2008

February 2008
(revised)

 

Machinery Except Electrical

-43.8

-22.3

Electrical Machinery

-22.7

-9.9

Miscellaneous Manufactures

-26.0

8.1

Basic Metals

-11.3

31.6

Textiles

-24.7

-21.4

Transport Equipment

-5.3

5.9

Publishing and Printing

-17.7

-8.6

Paper and Paper Products

-7.9

-3.0

Furniture and Fixtures

-15.6

-5.2

Fabricated Metal Products

-8.2

-11.8

Rubber and Plastic Products*

-2.6

3.3

Leather Products

-8.6

15.8

 

 

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

 

Gainers

Month-on-Month Growth (%)

 

March 2008

February 2008
(revised)

 

 

 

Food Manufacturing

11.1

-5.8

 

Petroleum Products

12.7

7.6

 

Beverages

18.4

-1.3

 

Chemical Products (excluding Plastic Products)

9.1

2.4

 

Non-Metallic Mineral Products

17.5

2.2

 

Footwear and Wearing Apparel

15.9

17.2

 

Basic Metals

7.7

12.3

 

Tobacco Products

8.2

-25.7

 

Miscellaneous Manufactures

4.9

-2.0

 

Fabricated Metal Products

6.3

-8.1

 

Furniture and Fixtures

11.8

7.4

 

Wood and Wood Products

2.7

0.0

 

Rubber and Plastic Products*

0.5

4.2

 

 

 

 

 

Losers

Month-on-Month Growth (%)

March 2008

February 2008
(revised)

 

Machinery Except Electrical

-18.3

18.1

Electrical Machinery

-2.7

-6.1

Transport Equipment

-1.8

-0.4

Publishing and Printing

-6.9

-10.3

Textiles

-1.9

-7.0

Leather Products

-12.0

-2.9

Paper and Paper Products

-1.4

-15.3

 

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

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

 

Gainers

Year-on-Year Growth (%)

 

March 2008

February 2008
(revised)

 

 

Petroleum Products

15.5

21.4

 

Beverages

20.9

22.2

 

Footwear and Wearing Apparel

15.7

-7.8

 

Wood and Wood Products

18.7

9.0

 

Non-Metallic Mineral Products

2.1

1.9

 

Chemical Products (excluding plastic products)

0.7

1.5

 

 

 

Losers

Year-on-Year Growth (%)

 

March 2008 February 2008
(revised)

Machinery Except Electrical

-39.9

-16.1

 

Electrical Machinery

-18.9

-6.4

 

Basic Metals

-24.4

7.0

 

Textiles

-25.8

-23.2

 

Publishing and Printing

-25.0

-16.7

 

Food Manufacturing

-1.6

3.5

 

Transport Equipment

-5.6

6.2

 

Miscellaneous Manufactures

-9.4

29.2

 

Fabricated Metal Products

-9.7

-13.5

 

Paper and Paper Products

-6.2

-2.3

 

Rubber and Plastic Products*

-7.0

1.5

 

Furniture and Fixtures

-5.4

8.8

 

Leather Products

-11.9

11.9

 

Tobacco Products

-0.6

17.4

 

 

 

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

 

Gainers

Month-on-Month Growth (%)

 

March 2008

February 2008
(revised)

 

 

 

Food Manufacturing

9.9

-6.7

 

Chemical Products (excluding Plastic Products)

9.1

2.7

 

Beverages

17.2

-0.2

 

Petroleum Products

7.2

7.8

 

Non-Metallic Mineral Products

16.6

2.0

 

Footwear and Wearing Apparel

15.6

16.9

 

Basic Metals

7.3

10.5

 

Tobacco Products

8.2

-25.7

 

Miscellaneous Manufactures

7.2

-5.3

 

Fabricated Metal Products

6.6

-10.5

 

Furniture and Fixtures

8.1

8.8

 

Wood and Wood Products

2.7

0.1

 

 

 

 

 

Losers

Month-on-Month Growth (%)

March 2008

February 2008
(revised)

 

Machinery Except Electrical

-19.3

18.7

Electrical Machinery

-2.4

-6.7

Transport Equipment

-2.0

-3.0

Publishing and Printing

-6.9

-12.8

Textiles

-3.1

-6.5

Paper and Paper Products

-1.5

-15.9

Leather Products

-12.3

-3.4

Rubber and Plastic Products*

-1.0

3.8

 

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

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

  Manufacturing (MISSI)

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