PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : February 2010

Release Date:
April 28, 2010

Total Manufacturing

   February 2010    

January 2010

 

 

Year-on-Year Growth

 

 

    Production Index (2000=100)

 

     

 

            Value         (VaPI)

31.5

36.7r

     

 

            Volume     (VoPI)

33.1

37.4r

     

 

    Net Sales Index (2000=100)

 

     

 

            Value        (VaNSI)

28.9

30.3r

     

 

            Volume     (VoNSI)

30.5

31.0r

     

 

    Producer Price Index (2000=100)

-1.2r

-0.5

     

 

    AVERAGE CAPACITY UTILIZATION

82.5

82.4r

     

 

                                                    r-revised
                                           

·  Value of Production on increasing trend in February 2010

Value of Production Index (VaPI) of the manufacturing industry continued to experience an upward trend as it posted a two-digit annual growth of 31.5 percent in February 2010, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was attributed to the increases in production values reported by 17 major sectors, led by petroleum products which exhibited three-digit growth of 238.9 percent. Other major sectors that significantly contributed to the growth were the following: electrical machinery, machinery except electrical, leather products, miscellaneous manufactures, transport equipment, basic metal, rubber and plastic products, non-metallic mineral products, tobacco products, wood and wood products and fabricated metal products. Refer to Tables 1-A and 1.

On a monthly comparison, VaPI grew by 1.0 percent in February 2010 from the previous month's decline of 14.1 percent. This was primarily due to the increases in production values of 10 out of 20 major sectors, outpacing the two-digit decrease reported by tobacco products (-12.7%). Refer to Tables 1-A and 1.

·  Volume of Production maintains a two-digit rate

On a year-on-year basis, Volume of Production Index (VoPI) also recorded a two-digit growth of 33.1 percent in February 2010. This was accounted for the three-digit growth in production output of petroleum products (154.6%) and electrical machinery (104.2%) sectors. Other major sectors that significantly contributed to the increase were the following: machinery except electrical, leather products, miscellaneous manufactures, transport equipment, basic metals, rubber and plastic products, fabricated metal products, non-metallic mineral products, tobacco products, wood and wood products, paper and paper products, chemical products, and beverages. Refer to Tables 1-B and 2.

VoPI, on a month-on-month basis, recovered at a slower rate of 2.6 percent in February 2010 from the previous month's drop of 13.2 percent. This was due to the increases in production output observed in 11 major sectors, outpacing the two-digit decreases reported by three major sectors. Refer to Tables 1-B and 2.

·  Value of Net Sales also accelerates in February 2010

Value of Net Sales Index (VaNSI) also accelerated as it posted a two-digit annual growth of 28.9 percent in February 2010. Sales value of 17 major sectors expanded, led by transport equipment with three-digit growth of 100.2 percent. This was followed by other major sectors that posted two-digit increases, namely: machinery except electrical, leather products, tobacco products, electrical machinery, petroleum products, publishing and printing, basic metals, miscellaneous manufactures, wood and wood products, fabricated metal products, paper and paper products, rubber and plastic products, and food manufacturing. Refer to Tables 2-A and 3.

On the other hand, VaNSI on a month-on-month comparison, went down by 4.7 percent in February 2010. Three of the 10 major sectors significantly pulled down the sales value of the manufacturing industry, namely: food manufacturing, electrical machinery and paper and paper products. Refer to Tables 2-A and 3.

·  Volume of Net Sales posts two-digit growth

Volume of Net Sales Index (VoNSI) continued to gain as it posted an annual increase of 30.5 percent in February 2010. Significant expansion in sales output was exhibited by transport equipment and machinery except electrical with an increase of 108.5 percent and 104.7 percent, respectively. Other major sectors that significantly contributed to the growth were the following: leather products, electrical machinery, tobacco products, publishing and printing, basic metals, fabricated metal products, furniture and fixtures, miscellaneous manufactures, paper and paper products, wood and wood products, chemical products, rubber and plastic products, petroleum products, and food manufacturing. Refer to Tables 2-B and 4.

Meanwhile, VoNSI, on a month-on-month comparison went down by 3.1 percent in February 2010. Ten major sectors contributed to the decrease in sales output with significant reduction noted in the following: food manufacturing, paper and paper products, footwear and wearing apparel and leather products. Refer to Tables 2-B and 4.

·  Capacity Utilization

Average capacity utilization in February 2010 for total manufacturing stood at 82.5 percent. Eleven major sectors registered capacity utilization rates of 80% and more, namely: basic metals, food manufacturing, electrical machinery, machinery except electrical, food manufacturing, paper and paper products, chemical products, petroleum products, rubber and plastic products, miscellaneous manufactures, non-metallic mineral products and leather products. Refer to Table 6.

The proportion of establishments that operated at full capacity (90% to 100%) was 11.4 percent in February 2010. About 65.7 percent of the establishments operated at 70% to 89% capacity while 22.9 percent of the establishments operated below 70% capacity.

Distribution of Key Manufacturing Establishments by Capacity Utilization
Total Manufacturing, February 2010

(In percent)

Capacity Utilization

Percent Share

Below 50 percent

3.9

50 percent - 59 percent

6.2

60 percent - 69 percent

12.8

70 percent - 79 percent

19.7

80 percent - 89 percent

46.0

90 percent - 100 percent

11.4

 

·  Response Rates

The response rates for the February 2010 MISSI and PPS are 82.5 percent and 85.8 percent, respectively. Refer to Tables 7 and 8

Response Rates for Total Manufacturing
(In percent)

 

February 2010

January 2010
(revised)

MISSI

82.5

91.4r

PPS

85.8r

92.2r

 

                                                                       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 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 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.

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.

Also, beginning with the January 2009 data, weights of the major sectors and sub-sectors for the PPI and Capacity Utilization Rate have been computed utilizing the results of the 2006 Census of Philippine Business and Industry for Manufacturing Establishments for 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, January 2010 - February 2010
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

February 2010

January 2009
(revised)

 

 

 

Petroleum Products

238.9

316.4

 

Electrical Machinery

84.9

89.5

 

Machinery Except Electrical

69.4

36.2

 

Basic Metals

42.9

73.7

 

Transport Equipment

44.1

40.0

 

Miscellaneous Manufactures

49.2

33.3

 

Rubber and Plastic Products*

29.7

24.4

 

Non-Metallic Mineral Products

22.0

22.9

 

Chemical Products

8.2

16.1

 

Beverages

9.1

-2.3

 

Tobacco Products

20.6

15.9

 

Fabricated Metal Products

12.5

16.3

 

Leather Products

66.8

21.2

 

Paper and Paper Products

7.8

-8.1

 

Wood and Wood Products

16.2

28.1

 

Food Manufacturing

0.4

5.5

 

Textiles

1/

-0.7

 

 

 

 

 

Losers

Year-on-Year Growth (%)

February 2010

January 2010
(revised)

 

Footwear and Wearing Apparel

-21.1

-17.3

Furniture and Fixtures

-36.6

-31.5

Publishing and Printing

-19.0

3.0

 

 

TABLE 1-A. VALUE OF PRODUCTION INDEX, January 2010 - February 2010 (concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

February 2010

January 2010
(revised)

 

 

 

Food Manufacturing

3.4

-38.4

 

Non-Metallic Mineral Products

5.1

-9.3

 

Chemical Products

1.8

-5.0

 

Fabricated Metal Products

8.5

-3.4

 

Transport Equipment

2.6

7.2

 

Machinery Except Electrical

1.0

-3.4

 

Rubber and Plastic Products*

1.0

4.8

 

Miscellaneous Manufactures

1.1

10.5

 

Textiles

1.1

6.5

 

Furniture and Fixtures

0.1

-7.7

 

 

 

 

 

Losers

Month-on-Month Growth (%)

February 2010

January 2010
(revised)

 

Tobacco Products

-12.7

8.0

Footwear and Wearing Apparel

-8.0

-15.5

Beverages

-4.8

-9.7

Petroleum Products

-0.8

8.2

Publishing and Printing

-6.4

-4.2

Electrical Machinery

-0.3

-7.9

Paper and Paper Products

-1.4

2.2

Leather Products

-9.5

15.7

Basic Metals

-0.1

2.4

Wood and Wood Products

-0.7

-9.3

 

Notes:

* - new sector in the 2000-based series 1/ - less than 0.1 percent increase

Sectors are ranked according to their contribution to the overall 2000-based February 2010 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 2010 - February 2010
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

February 2010

January 2010
(revised)

 

 

 

Electrical Machinery

104.2

103.7

 

Petroleum Products

154.6

208.9

 

Machinery Except Electrical

78.1

40.3

 

Transport Equipment

50.0

43.9

 

Basic Metals

34.5

69.6

 

Miscellaneous Manufactures

59.0

45.4

 

Chemical Products

13.1

22.7

 

Rubber and Plastic Products*

29.2

21.1

 

Non-Metallic Mineral Products

20.6

24.4

 

Beverages

10.1

-2.3

 

Fabricated Metal Products

25.2

31.0

 

Tobacco Products

16.6

9.6

 

Paper and Paper Products

15.0

-1.5

 

Leather Products

63.4

20.2

 

Food Manufacturing

0.8

6.9

 

Wood and Wood Products

16.2

28.1

 

 

 

 

 

Losers

Year-on-Year Growth (%)

February 2010

January 2010
(revised)

 

Footwear and Wearing Apparel

-29.0

-20.9

Publishing and Printing

-21.7

-0.4

Textiles

-5.1

-9.1

Furniture and Fixtures

-0.2

12.6

 

 

TABLE 1-B. VOLUME OF PRODUCTION INDEX, January 2010 - February 2010(concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

February 2010

January 2010
(revised)

 

 

Electrical Machinery

8.2

-8.6

 

Food Manufacturing

2.9

-38.2

 

Machinery Except Electrical

2.4

2.2

 

Non-Metallic Mineral Products

5.4

-9.1

 

Chemical Products

1.8

-4.7

 

Fabricated Metal Products

8.5

-5.3

 

Transport Equipment

2.5

9.1

 

Miscellaneous Manufactures

1.9

10.1

 

Rubber and Plastic Products*

1.1

9.0

 

Textiles

1.1

5.8

 

Furniture and Fixtures

1.4

6.5

 

 

 

Losers

Month-on-Month Growth (%)

 

February 2010 January 2010
(revised)

Footwear and Wearing Apparel

-13.4

-15.5

 

Tobacco Products

-12.7

4.8

 

Beverages

-4.7

-10.0

 

Petroleum Products

-1.4

6.3

 

Publishing and Printing

-6.4

-7.4

 

Basic Metals

-1.5

5.7

 

Paper and Paper Products

-3.4

3.0

 

Leather Products

-10.7

14.6

 

Wood and Wood Products

-0.7

-9.4

 

 

Notes

* - new sector in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based February 2010 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 2010 - February 2010
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

February 2010

January 2010
(revised)

 

 

 

Electrical Machinery

55.0

77.9

 

Machinery Except Electrical

94.8

56.3

 

Petroleum Products

49.9

30.9

 

Transport Equipment

100.2

68.3

 

Food Manufacturing

10.7

29.7

 

Basic Metals

40.4

36.6

 

Tobacco Products

56.7

29.8

 

Chemical Products

8.5

7.2

 

Publishing and Printing

44.4

21.8

 

Miscellaneous Manufactures

20.5

0.1

 

Beverages

8.2

2.5

 

Paper and Paper Products

15.1

15.3

 

Non-Metallic Mineral Products

8.8

13.4

 

Fabricated Metal Products

17.4

1.2

 

Leather Products

90.3

26.4

 

Rubber and Plastic Products*

13.7

17.9

 

Wood and Wood Products

18.6

27.6

 

 

 

 

 

Losers

Year-on-Year Growth (%)

February 2010

January 2010
(revised)

 

Footwear and Wearing Apparel

-27.5

-24.4

Furniture and Fixtures

-17.9

-12.7

Textiles

-5.5

0.2

 

 

TABLE 2-A. VALUE OF NET SALES INDEX, January 2010 - February 2010
(concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

February 2010

January 2010
(revised)

 

 

 

Machinery Except Electrical

3.9

6.2

 

Tobacco Products

8.5

18.0

 

Transport Equipment

3.3

-2.6

 

Miscellaneous Manufactures

6.9

-6.7

 

Beverages

2.7

-20.1

 

Furniture and Fixtures

14.3

-14.2

 

Fabricated Metal Products

6.4

-13.5

 

Chemical Products

1.0

2.5

 

Basic Metals

1.5

3.0

 

Non-Metallic Mineral Products

0.7

-0.4

 

 

 

 

 

Losers

Month-on-Month Growth (%)

February 2010

January 2010
(revised)

 

Food Manufacturing

-12.7

-6.7

Electrical Machinery

-11.7

-10.3

Petroleum Products

-4.5

-1.4

Footwear and Wearing Apaprel

-7.2

-22.7

Paper and Paper Products

-11.0

11.1

Publishing and Printing

-5.4

-3.1

Rubber and Plastic Products*

-4.2

8.3

Leather Products

-8.9

12.2

Textiles

-0.4

21.4

Wood and Wood Products

-0.9

-13.8

 

Note:

* - new sector in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based February 2010 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 2010 - February 2010
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

February 2010

January 2010
(revised)

 

 

Electrical Machinery

71.2

91.3

 

Machinery Except Electrical

104.7

61.0

 

Transport Equipment

108.5

72.9

 

Food Manufacturing

11.1

31.3

 

Basic Metals

32.1

33.4

 

Petroleum Products

12.6

-2.9

 

Chemical Products

13.3

13.2

 

Tobacco Products

51.5

22.8

 

Miscellaneous Manufactures

28.4

9.2

 

Publishing and Printing

39.6

17.8

 

Fabricated Metal Products

30.6

14.0

 

Paper and Paper Products

22.7

23.6

 

Beverages

9.1

2.4

 

Non-Metallic Mineral Products

7.5

14.8

 

Furniture and Fixtures

29.1

43.5

 

Leather Products

86.5

25.3

 

Rubber and Plastic Products*

13.3

14.8

 

Wood and Wood Products

18.5

27.6

 

 

 

Losers

Year-on-Year Growth (%)

 

February 2010

January 2010
(revised)

Footwear and Wearing Apparel

-34.7

-27.6

 

Textiles

-10.4

-8.3

 

 

 

TABLE 2-B. VOLUME OF NET SALES INDEX, January 2010 - February 2010
(concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

February 2010

January 2010
(revised)

 

 

 

Machinery Except electrical

5.3

12.4

 

Tobacco Products

8.5

14.5

 

Miscellaneous Manufactures

7.9

-7.1

 

Transport Equipment

3.2

-0.9

 

Beverages

2.8

-20.3

 

Furniture and Fixtures

15.8

-0.9

 

Chemical Products

1.0

2.9

 

Fabricated Metal Products

6.4

-15.1

 

Non-Metallic Mineral Products

1.0

-0.1

 

Basic Metals

0.1

6.3

 

 

 

 

 

Losers

Month-on-Month Growth (%)

February 2010

January 2010
(revised)

 

Food Manufacturing

-13.2

-6.4

Electrical Machinery

-4.1

-11.0

Petroleum Products

-5.0

-3.1

Footwear and Wearing Apparel

-12.7

-22.7

Paper and Paper Products

-12.8

12.0

Publishing and Printing

-5.4

-6.4

Rubber and Plastic Products*

-4.2

12.6

Leather Products

-10.1

11.2

Textiles

-0.4

20.6

Wood and Wood Products

-0.9

-13.9

 

Note:

*  -   new sector in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based February 2010 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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