PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : May 2011

Release Date:
July 26, 2011
Total Manufacturing    May 2011     April 2011
Year-on-Year Growth  
    Production Index (2000=100)  
            Value         (VaPI) 2.4 3.8r
            Volume     (VoPI) 0.9 2.7r
    Net Sales Index (2000=100)  
            Value        (VaNSI) 9.2 7.5r
            Volume     (VoNSI) 7.7 5.9r
    Producer Price Index (2000=100) 1.4r 1.6r
    AVERAGE CAPACITY UTILIZATION 83.2 82.9r

                                                                   r-revised
                                           

 

  • Value of Production grows at a slower pace in May 2011

     

Value of Production Index (VaPI) for total manufacturing posted a slower growth in May 2011 at 2.4 percent, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was mainly accounted for the reduction in value of production in the paper and paper products, non-metallic mineral products and fabricated metal products. However, seven major sectors contributed significant increases, namely: furniture and fixtures, petroleum products, beverages, rubber and plastic products, chemical products, miscellaneous manufactures and publishing and printing. Refer to Tables 1-A and 1.

On a monthly comparison, VaPI recorded an increment of 4.1 percent from a 4.9 percent decline in April 2011. Fifteen major sectors influenced the increase in production values led by furniture and fixtures registering an increase of 44.8 percent. Refer to Tables 1-A and 1.

  • Volume of Production decelerates

     

Volume of Production Index (VoPI) on an annual basis registered to 0.9 percent from the previous month's growth of 2.2 percent. This maybe attributed to the diminished production outputs of paper and paper products and non-metallic mineral products. However, six of 11 major sectors reported two-digit increases in production output, namely: furniture and fixtures, beverages, miscellaneous manufactures, chemical products, rubber and plastic products and publishing and printing. Refer to Tables 1-B and 2.

On the other hand, VoPI, on a month-on-month basis improved to 4.3 percent in May 2011 compared with 4.5 percent decline in the previous month. This is  explained by the expansion in production output observed in following major sectors: furniture and fixtures, tobacco products, petroleum products, beverages and paper and paper products. Refer to Tables 1-B and 2.

 

  • Value of Net Sales accelerates

     

On a yearly basis, Value of Net Sales Index (VaNSI) grew 9.2 percent in May 2011. This was attributed to the two-digit growth in sales value reported by six major sectors, namely: food manufacturing, petroleum products, footwear and wearing apparel, beverages, chemical products and publishing and printing. Refer to Tables 2-A and 3.

VaNSI, on a month-on-month basis, recovered as it registered a growth of 4.5 percent in May 2011. This was contributed by 16 major sectors, with two-digit increases noted in the following: paper and paper products, publishing and printing, beverages and machinery except electrical. Refer to Tables 2-A and 3.

 

  • Volume of Net Sales likewise grows in May 2011

 

Volume of Net Sales Index (VoNSI) gained further in May 2010 registering a year-on-year growth of 7.7 percent. This is explained by the better performances in production output in following major sectors: furniture and fixtures, beverages, chemical products, footwear and wearing apparel, publishing and printing, food manufacturing, paper and paper products and miscellaneous manufactures. Refer to Tables 2-B and 4.

 

On a month-on-month basis, VoNSI rebounded posting a 4.6 percent growth in May 2010 from the previous month's drop of 7.7 percent. Sixteen major sectorsaccounted for the growth in sales output with significant increases noted in the following: petroleum products, publishing and printing, paper and paper products, beverages and machinery except electrical. Refer to Tables 2-B and 4.

 

  • Capacity Utilization

     

Average capacity utilization in May 2011 for total manufacturing stood at 83.2 percent. Eleven of the 20 major sectors registered capacity utilization rates of 80 percent and more, namely: basic metals, petroleum products, food manufacturing, non-metallic mineral products, electrical machinery, paper and paper products, chemical products, miscellaneous manufactures, rubber and plastic products, machinery except electrical and textiles. Refer to Table 6.

The proportion of establishments that operated at full capacity (90% to 100%) was 17.2 percent in May 2011. About 60.2 percent of the establishments operated at 70% to 89% capacity while 22.6 percent of the establishments operated below 70% capacity.

 

 
Distribution of Key Manufacturing Establishments by Capacity Utilization
Total Manufacturing, May 2011

(In percent)
Capacity Utilization Percent Share
Below 50 percent 4.6
50 percent - 59 percent 7.4
60 percent - 69 percent 10.6
70 percent - 79 percent 20.4
80 percent - 89 percent 39.8
90 percent - 100 percent 17.2

 

  • Response Rates

     

The response rates for the May 2011 MISSI and PPS are 83.5 percent and 90.6 percent, respectively. Refer to Tables 7 and 8

 

Response Rates for Total Manufacturing
(In percent)
  May 2011 April 2011
(revised)
MISSI 83.5 94.2r
PPS 90.6r 95.3r

 

                                                                                 r-revised
  • Technical Notes

     

The Monthly Integrated of Selected Industries (MISSI) is one of the designated statistical activities undertaken by the National Statistics Office to provide flash indicators on the performance of growth-oriented industries in the manufacturing sector. The survey gathers monthly data on employment, compensation, production, net sales, inventories and capacity utilization.

The MISSI utilizes the Laspeyres-type method of index computation where the weights are computed from the value of production of the Census of Philippine Business and Industry (CPBI). Rebasing of data series is undertaken as soon as new CPBI are available.

For the 2010 MISSI index series with base year of 2000, the weights of the major sectors and sub-sectors were computed from the results of the 2000 CPBI for manufacturing establishments with average total employment of 20 and over.

The indicators generated from the 2010 MISSI are Value of Production Index (VaPI), Volume of Production Index (VoPI), Value of Net Sales (VaNSI), and Volume of Net Sales (VoNSI). However, the VoPI and VoNSI are derived indicators utilizing the Producer Price Index as deflator.

The industry coverage of the 2010 MISSI conforms with the amended 1994 PSIC groupings. There are 20 major sectors as shown below with 10 further disaggregated into sub-sectors.

 

 
PSIC CODE INDUSTRY DESCRIPTION
15 except 155 Food Manufacturing*
155 Beverages
16 Tobacco products
17 Textiles*
18,174 and 192 Footwear and wearing apparel
191 Leather products
20 Wood and wood products*
21 Paper and paper products
22 Publishing and printing
23 Petroleum products*
24 Chemical products*
25 Rubber and plastic products*
26 Non-metallic mineral products*
27 Basic metals*
28 Fabricated metal products
29 and 30 Machinery except electrical*
31 and 32 Electrical machinery*
34 and 35 Transport equipment
36 Furniture and fixtures
33 and 39 Miscellaneous manufactures

                                            Note: * - Major sectors categorized into sub-sectors

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, April 2011 - May 2011
(2000=100)
 
Gainers Year-on-Year Growth (%)
May 2011 April 2011
(revised)
 

Petroleum Products

27.7

18.4

Food Manufacturing

7.4

3.1

Beverages

27.6

18.8

Chemical Products

16.9

18.8

Rubber and Plastic Products*

19.7

20.1

Furniture and Fixtures

57.3

-19.9

Miscellaneous Manufactures

13.4

5.9

Non-Metallic Mineral Products

8.2

21.7

Fabricated Metal Products

9.7

14.4

Publishing and Printing

11.1

11.8

Paper and Paper Products

4.5

12.6

Footwear and Wearing Apparel

2.5

-0.5

Textiles

2.5

2.3

 
Losers Year-on-Year Growth (%)
May 2011 April 2011
(revised)
 

Machinery Except Electrical

-44.2

-37.9

Electrical Machinery

-22.3

-13.9

Transport Equipment

-34.5

-20.5

Tobacco Products

-24.0

12.3

Basic Metals

-8.9

6.1

Wood and Wood Products

-17.7

-13.1

Leather Products

-37.7

-19.0

 

TABLE 1-A. Value of Production Index, April 2011 - May 2011 (concluded)
(2000=100)
 
Gainers Month-on-Month Growth (%)
May 2011 April 2011
(revised)
 

Petroleum Products

11.8

-2.1

Beverages

17.4

2.6

Food Manufacturing

3.8

-1.6

Tobacco Products

29.1

86.7

Chemical Products

5.6

-11.4

Furniture and Fixtures

44.8

-20.0

Paper and Paper Products

17.9

-5.1

Miscellaneous Manufactures

9.0

-26.8

Textiles

6.6

-1.2

Fabricated Metal Products

8.2

-15.3

Rubber and Plastic Products*

2.9

-1.6

Publishing and Printing

5.7

21.4

Wood and Wood Products

4.5

-7.3

Leather Products

4.4

-34.8

Non-Metallic Mineral Products

0.1

-3.6

 
Losers Month-on-Month Growth (%)
May 2011 April 2011
(revised)
 

Transport Equipment

-13.4

-31.7

Machinery Except Electrical

-3.5

-4.6

Basic Metals

-6.8

-0.1

Electrical Machinery

-0.5

-1.1

Footwear and Wearing Apparel

-1.0

-6.6

Notes:

* - new sector in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based May 2011 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, April 2011 - May 2011
(2000=100)
 
Gainers Year-on-Year Growth (%)
May 2011 April 2011
(revised)
 

Beverages

33.2

24.1

Chemical Products

17.3

19.7

Furniture and Fixtures

132.1

16.3

Rubber and Plastic Products*

16.2

17.1

Miscellaneous Manufactures

21.4

13.4

Petroleum Products

2.4

-7.3

Non-Metallic Mineral Products

6.8

20.0

Paper and Paper Products

7.9

18.2

Publishing and Printing

11.1

11.8

Fabricated Metal Products

7.8

9.0

Footwear and Wearing Apparel

0.3

-2.9

 
Losers Year-on-Year Growth (%)
May 2011 April 2011
(revised)
 

Machinery Except Electrical

-45.4

-41.6

Electrical Machinery

-17.0

-5.9

Transport Equipment

-35.8

-21.1

Basic Metals

-19.1

-7.0

Tobacco Products

-27.4

7.2

Food Manufacturing

-2.5

-5.5

Wood and Wood Products

-17.8

-13.2

Leather Products

-39.2

-22.2

Textiles

-4.4

-6.7

 

TABLE 1-B. Volume of Production Index, April 2011 - May 2011(concluded)
(2000=100)
 
Gainers Month-on-Month Growth (%)
May 2011 April 2011
(revised)
 
 

Petroleum Products

18.3

-4.8

Beverages

17.4

2.1

Food Manufacturing

3.5

-2.6

Tobacco Products

29.1

86.7

Chemical Products

5.1

-11.6

Furniture and Fixtures

41.7

-22.6

Paper and Paper Products

16.1

-4.5

Textiles

8.5

-0.9

Fabricated Metal Products

8.2

-15.2

Miscellaneous Manufactures

5.9

-25.2

Rubber and Plastic Products*

2.7

-1.6

Publishing and Printing

5.7

21.4

Wood and Wood Products

4.5

-7.3

Leather Products

4.4

-34.8

 
Losers Month-on-Month Growth (%)
May 2011 April 2011
(revised)

Transport Equipment

-14.9

-30.3

Machinery Except Electrical

-2.8

-3.6

Basic Metals

-6.0

-0.1

Electrical Machinery

-0.5

0.5

Footwear and Wearing Apparel

-1.1

-8.1

Non-Metallic Mineral Products

-0.2

-2.6

Notes

* - new sector in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based May 2011 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, April 2011 - May 2011
(2000=100)
 
Gainers Year-on-Year Growth (%)
May 2011 April 2011
(revised)
 

Food Manufacturing

23.8

21.9

Petroleum Products

21.4

10.1

Chemical Products

14.7

18.5

Beverages

16.7

2.0

Footwear and Wearing Apparel

17.4

10.6

Basic Metals

9.0

15.9

Non-Metallic Mineral Products

6.6

0.9

Paper and Paper Products

7.9

6.6

Publishing and Printing

12.5

-3.5

Rubber and Plastic Products*

7.7

8.3

Miscellaneous Manufactures

3.1

-7.3

Furniture and Fixtures

8.1

-7.3

 
Losers Year-on-Year Growth (%)
May 2011 April 2011
(revised)
 

Machinery Except Electrical

-17.4

-21.9

Electrical Machinery

-6.6

-10.0

Transport Equipment

-18.0

-2.1

Tobacco Products

-37.4

-4.8

Textiles

-12.8

-4.8

Leather Products

-45.5

-7.3

Wood and Wood Products

-15.8

-9.2

Fabricated Metal Products

-1.5

0.7

 

TABLE 2-A. Value of Net Sales Index, April 2011 - May 2011
(concluded)
(2000=100)
 
Gainers Month-on-Month Growth (%)
May 2011 April 2011
(revised)
 

Machinery Except Electrical

11.4

-5.1

Petroleum Products

9.1

-5.3

Food Manufacturing

4.2

-6.2

Beverages

13.5

-3.8

Electrical Machinery

3.0

-12.3

Paper and Paper Products

16.2

-9.0

Non-Metallic Mineral Products

9.2

-8.8

Chemical Products

2.6

-11.0

Miscellaneous Manufactures

9.9

-21.5

Publishing and Printing

14.6

14.5

Textiles

6.7

-27.4

Furniture and Fixtures

9.4

-27.0

Rubber and Plastic Products*

4.3

-7.8

Fabricated Metal Products

2.3

-13.3

Wood and Wood Products

4.6

-9.2

Footwear and Wearing Apparel

0.3

-8.9

 
Losers Month-on-Month Growth (%)
May 2011 April 2011
(revised)
 

Transport Equipment

-5.7

-17.8

Tobacco Products

-2.6

-22.4

Leather Products

-21.9

-17.0

Basic Metals

-0.9

0.7

 

Note:

* - new sector in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based May 2011 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, April 2011 - May 2011
(2000=100)
 
Gainers Year-on-Year Growth (%)
May 2011 April 2011
(revised)
 
 

Food Manufacturing

12.3

11.7

Chemical Products

15.2

19.4

Beverages

21.9

6.5

Furniture and Fixtures

59.5

34.5

Footwear and Wearing Apparel

14.8

7.9

Paper and Paper Products

11.5

11.9

Miscellaneous Manufactures

10.4

-0.8

Non-Metallic Mineral Products

5.2

-0.5

Publishing and Printing

12.5

-3.5

Rubber and Plastic Products

4.5

5.6

 
Losers Year-on-Year Growth (%)
May 2011 April 2011
(revised)
 

Machinery Except Electrical

-19.1

-26.6

Transport Equipment

-19.6

-2.9

Tobacco Products

-40.3

-9.2

Textiles

-18.7

-13.1

Petroleum Products

-2.7

-13.7

Basic Metals

-3.2

1.6

Leather Products

-46.7

-10.9

Wood and Wood Products

-15.9

-9.3

Fabricated Metal Products

-3.2

-4.0

Electrical Machinery

-0.1

-1.6

 

TABLE 2-B. Volume of Net Sales Index, April 2011 - May 2011
(concluded)
(2000=100)
 
Gainers Month-on-Month Growth (%)
May 2011 April 2011
(revised)
 

Petroleum Products

15.4

-7.8

Machinery Except Electrical

12.1

-4.2

Food Manufacturing

3.8

-7.1

Beverages

13.5

-4.3

Electrical Machinery

3.0

-10.9

Paper and Paper Products

14.4

-8.4

Non-Metallic Mineral Products

8.9

-7.8

Chemical Products

2.1

-11.2

Publishing and Printing

14.6

14.5

Textiles

8.6

-27.2

Miscellaneous Manufactures

6.8

-19.8

Furniture and Fixtures

7.1

-29.3

Rubber and Plastic Products*

4.2

-7.7

Fabricated Metal Products

2.3

-13.3

Wood and Wood Products

4.5

-9.2

Footwear and Wearing Apparel

0.2

-10.4

 
Losers Month-on-Month Growth (%)
May 2011 April 2011
(revised)
 

Transport Equipment

-7.3

-16.1

Tobacco Products

-2.6

-22.4

Leather Products

-21.9

-17.0

Basic Metals

-0.1

0.8

Note:

*  -   new sector in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based May 2011 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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