PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : July 2009

Release Date:
September 25, 2009

 


 
Total Manufacturing July 2009 June 2009
Year-on-Year Growth  
Production Index (2000=100)  
Value(VaPI) -18.8 -16.2r
Volume(VoPI) -15.8 -15.0r
Net Sales Index (2000=100)  
Value(VaNSI) -19.1 -15.4r
Volume(VoNSI) -16.2 -14.2r
Producer Price Index (2000=100) -3.6r -1.6r
AVERAGE CAPACITY UTILIZATION 81.6 81.5r
 

            r-revised

·  Value of Production continues to decelerate

In July, Value of Production Index (VaPI) of the manufacturing industry contracted by 18.8 percent on a year-on-year basis, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Fifteen out of 20 major sectors exhibited decreases in production value with petroleum products contributing the largest decrease of 48.7 percent, followed by other nine major sectors that posted two-digit decrements, namely: leather products, basic metals, furniture and fixtures, footwear and wearing apparel, beverages, paper and paper products, transport equipment, electrical machinery and rubber and plastic productsRefer to Tables 1-A and 1.

However, VaPI on a month-on-month posted a slower growth of 1.3 percent in July 2009. The major sectors that showed two-digit increases in production values werepaper and paper products, petroleum products, and transport equipmentRefer to Tables 1-A and 1.

·  Volume of Production shrinks in July 2009

Volume of Production Index (VoPI) also declined by 15.8 percent in July 2009 compared to a year ago. This was brought about by weak production output observed in 18 major sectors, with two-digit decreases observed in the following: leather products, footwear and wearing apparel, furniture and fixtures, beverages, basic metals, petroleum products, transport equipment, electrical machinery, paper and paper products, wood and wood products, and non-metallic mineral productsRefer to Tables 1-B and 2.

On a monthly basis, VoPI slightly expanded to 1.8 percent in July 2009. The most notable increases were the two-digit growth observed in paper and paper products, electrical machinery, petroleum products, and transport equipmentRefer to Tables 1-B and 2.

 

·  Value of Net Sales posts a downward trend

Value of Net Sales Index (VaNSI) recorded an annual decline of 19.1 percent in July 2009. Seventeen major sectors contributed to the decrease in sales with significant reduction noted in the following: petroleum products, furniture and fixtures, leather products, basic metals, paper and paper products, textiles, beverages, footwear and wearing apparel, electrical machinery, non-metallic mineral products, and miscellaneous manufacturesRefer to Tables 2-A and 3.

On a monthly comparison, VaNSI slipped to 1.2 percent in July 2009. This was primarily due to the two-digit decrease in sales value reported by beverages, at 27.2 percent.Refer to Tables 2-A and 3.

·  Volume of Net Sales continues to decline

On a year-on-year comparison, Volume of Net Sales Index (VoNSI) for July 2009 went down to 16.2 percent higher compared to 14.2 percent decline recorded in the previous month. Twelve of the 16 major sectors accounted for the significant reductions in sales output, namely: leather products, textiles, furniture and fixtures, beverages, footwear and wearing apparel, petroleum products, basic metals, paper and paper products, non-metallic mineral products, wood and wood products, electrical machinery, and miscellaneous manufacturesRefer to Tables 2-B and 4.

VoNSI, on a month-on-month basis, fell 0.6 percent in July 2009 from its previous month's 2.7 percent growth. This was brought about by the shrinking sales output ofbeverages and furniture and fixtures, with 27.2 percent and 11.6 percent decreases, respectively. Refer to Tables 2-B and 4.

 

·  Capacity Utilization

Average capacity utilization in July 2009 for total manufacturing was estimated at 81.6 percent. Ten (10) major sectors registered capacity utilization rates of 80% and more, namely: basic metals, food manufacturing, machinery except electrical, paper and paper products, leather products, electrical machinery, miscellaneous manufactures, chemical products, rubber and plastic products, and non-metallic mineral productsRefer to Table 6.

The proportion of establishments that operated at full capacity (90% to 100%) was 10.2 percent in July 2009. About 65.3 percent of the establishments operated at 70% to 89% capacity while 24.5 percent of the establishments operated below 70% capacity.

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

(In percent)

Capacity Utilization

Percent Share

Below 50 percent

3.4

50 percent - 59 percent

6.9

60 percent - 69 percent

14.2

70 percent - 79 percent

22.8

80 percent - 89 percent

42.5

90 percent - 100 percent

10.2

 

·  Response Rates

The response rates for the July 2009 MISSI and PPS are 87.3 percent and 94.9 percent, respectively. Refer to Tables 7 and 8

Response Rates for Total Manufacturing
(In percent)

 

July 2009

June 2009 
(revised)

MISSI

87.3

95.0r

PPS

94.9r

97.5r

 

                                                     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.

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, June 2009 - July 2009
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

July 2009

June 2009
(revised)

 

 

 

Tobacco Products

16.7

4.2

 

Textiles

6.7

0.8

 

Fabricated Metal Products

3.5

7.9

 

Wood and Wood Products

7.6

-4.9

 

Chemical Products

a/

-13.6

 

 

 

 

Losers

Year-on-Year Growth (%)

July 2009

June 2009
(revised)

 

Petroleum Products

-48.7

-48.5

Electrical Machinery

-16.4

-14.4

Basic Metals

-39.8

-22.1

Beverages

-24.9

-25.0

Food Manufacturing

-6.7

-4.3

Footwear and Wearing Apparel

-32.0

-23.5

Transport Equipment

-18.2

-14.8

Paper and Paper Products

-22.1

-30.6

Rubber and Plastic Products*

-13.5

-7.2

Furniture and Fixtures

-39.7

-46.6

Machinery Except Electrical

-2.6

-8.4

Non-Metallic Mineral Products

-8.0

1.4

Leather Products

-47.0

-41.7

Miscellaneous Manufactures

-5.1

7.8

Publishing and Printing

-4.0

-2.4

 

 

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

 

Gainers

Month-on-Month Growth (%)

 

July 2009

June 2009
(revised)

 

 

 

Petroleum Products

11.7

-1.3

 

Electrical Machinery

6.2

10.4

 

Food Manufacturing

4.5

2.6

 

Machinery Except Electrical

7.9

2.1

 

Transport Equipment

10.9

-4.0

 

Paper and Paper Products

12.9

7.8

 

Tobacco Products

7.5

6.4

 

Fabricated Metal Products

3.3

11.3

 

Furniture and Fixtures

5.8

1.9

 

Wood and Wood Products

5.0

8.8

 

Rubber and Plastic Products*

0.3

1.5

 

Leather Products

3.8

-2.7

 

 

 

 

Losers

Month-on-Month Growth (%)

July 2009

June 2009
(revised)

 

Chemical Products

-13.1

5.9

Beverages

-15.4

0.7

Basic Metals

-3.8

-0.4

Publishing and Printing

-9.2

5.1

Miscellaneous Manufactures

-5.2

18.3

Footwear and Wearing Apparel

-3.2

-7.5

Non-Metallic Mineral Products

-2.1

-6.3

Textiles

-1.1

-1.8

 

Notes:

* - new sector in the 2000-based series

a/ - less than 0.1 percent increase

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

 

Gainers

Year-on-Year Growth (%)

 

July 2009

June 2009
(revised)

 

 

 

Tobacco Products

18.5

4.7

 

Fabricated Metal Products

3.0

5.7

 

 

 

 

Losers

Year-on-Year Growth (%)

July 2009

June 2009
(revised)

 

Petroleum Products

-25.6

-28.6

Electrical Machinery

-12.5

-17.4

Beverages

-30.3

-30.9

Basic Metals

-29.7

-11.8

Footwear and Wearing Apparel

-40.3

-33.0

Transport Equipment

-12.8

-9.5

Chemical Products

-6.4

-19.5

Non-Metallic Mineral Products

-10.1

-2.6

Food Manufacturing

-1.6

0.2

Machinery Except Electrical

-2.8

-10.4

Furniture and Fixtures

-31.8

-18.4

Paper and Paper Products

-11.6

-23.3

Leather Products

-48.9

-45.2

Publishing and Printing

-9.3

-7.8

Textiles

-3.6

-8.9

Wood and Wood Products

-10.9

-21.5

Rubber and Plastic Products*

-0.9

3.0

Miscellaneous Manufactures

-0.4

10.6

 

 

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

 

Gainers

Month-on-Month Growth (%)

 

July 2009

June 2009
(revised)

 

 

Electrical Machinery

10.9

6.3

 

Petroleum Products

10.5

-7.9

 

Food Manufacturing

4.9

2.3

 

Machinery Except Electrical

7.6

2.8

 

Transport Equipment

10.0

-2.7

 

Paper and Paper Products

13.5

9.1

 

Tobacco Products

7.5

6.4

 

Fabricated Metal Products

4.1

9.1

 

Wood and Wood Products

5.0

8.8

 

Rubber and Plastic Products*

0.7

1.5

 

Leather Products

3.7

-2.7

 

 

 

Losers

Month-on-Month Growth (%)

 

July 2009 June 2009
(revised)
   

Chemical Products

-12.8

5.5

 

Beverages

-15.4

0.8

 

Basic Metals

-5.2

-1.3

 

Miscellaneous Manufactures

-6.4

20.3

 

Publishing and Printing

-9.2

5.1

 

Footwear and Wearing Apparel

-3.2

-8.4

 

Non-Metallic Mineral Products

-1.4

-5.8

 

Textiles

-1.1

-5.5

 

Furniture and Fixtures

-0.1

-0.1

 

Notes

* - new sector in the 2000-based series

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

 

Gainers

Year-on-Year Growth (%)

 

July 2009

June 2009
(revised)

 

 

 

Chemical Products

13.2

14.5

 

Wood and Wood Products

1.1

2.0

 

 

 

 

Losers

Year-on-Year Growth (%)

July 2009

June 2009
(revised)

 

Petroleum Products

-49.0

-45.2

Electrical Machinery

-16.7

-8.9

Basic Metals

-33.8

-37.7

Beverages

-26.0

-20.6

Paper and Paper Products

-29.5

5.9

Textiles

-29.7

-28.3

Footwear and Wearing Apparel

-17.2

-12.1

Non-Metallic Mineral Products

-16.3

16.3

Food Manufacturing

-2.1

-1.8

Furniture and Fixtures

-42.5

-46.6

Transport Equipment

-7.2

-2.6

Miscellaneous Manufactures

-15.6

-2.7

Leather Products

-39.6

-32.9

Fabricated Metal Products

-5.2

0.3

Rubber and Plastic Products*

-3.1

5.7

Machinery Except Electrical

-0.4

-10.3

Publishing and Printing

-0.1

19.7

Tobacco Products

b/

8.6

 

 

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

 

Gainers

Month-on-Month Growth (%)

 

July 2009

June 2009
(revised)

 

 

 

Petroleum Products

6.3

-1.1

 

Food Manufacturing

3.2

-2.8

 

Transport Equipment

7.1

-3.2

 

Machinery Except Electrical

3.0

-3.9

 

Paper and Paper Products

5.9

-2.1

 

Basic Metals

2.4

17.1

 

Tobacco Products

2.9

-6.7

 

Publishing and Printing

1.9

13.4

 

Leather Products

7.8

-13.4

 

Wood and Wood Products

2.0

6.6

 

 

 

 

Losers

Month-on-Month Growth (%)

July 2009

June 2009
(revised)

 

Beverages

-27.2

11.2

Chemical Products

-8.0

8.1

Electrical Machinery

-2.7

10.8

Non-Metallic Mineral Products

-6.3

5.2

Miscellaneous Manufactures

-8.2

13.6

Footwear and Wearing Apparel

-5.2

-2.8

Fabricated Metal Products

-4.7

4.8

Furniture and Fixtures

-6.3

13.6

Rubber and Plastic Products*

-3.7

6.6

Textiles

-0.5

-12.3

 

Note:

* - 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 July 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, June 2009 - July 2009
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

July 2009

June 2009
(revised)

 

 

Chemical Products

6.0

6.6

 

Food Manufacturing

3.2

2.9

 

Rubber and Plastic Products*

11.1

17.3

 

Tobacco Products

1.6

9.2

 

 

 

Losers

Year-on-Year Growth (%)

 

July 2009

June 2009
(revised)

   

Petroleum Products

-26.0

-24.0

 

Electrical Machinery

-12.9

-12.1

 

Beverages

-31.3

-26.9

 

Basic Metals

-22.7

-29.4

 

Footwear and Wearing Apparel

-27.3

-23.0

 

Textiles

-36.5

-35.2

 

Non-Metallic Mineral Products

-18.2

11.7

 

Paper and Paper Products

-19.9

-24.8

 

Furniture and Fixtures

-34.9

-18.4

 

Miscellaneous Manufactures

-11.5

-0.2

 

Leather Products

-41.9

-37.0

 

Wood and Wood Products

-16.3

-33.8

 

Fabricated Metal Products

-5.6

-1.8

 

Publishing and Printing

-5.6

13.0

 

Machinery Except Electrical

-0.6

-12.4

 

Transport Equipment

-1.1

3.4

 

 

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

 

Gainers

Month-on-Month Growth (%)

 

July 2009

June 2009
(revised)

 

 

 

Food Manufacturing

3.6

-3.1

 

Petroleum Products

5.1

-7.8

 

Electrical Machinery

1.7

6.7

 

Transport Equipment

6.2

-1.9

 

Machinery Except Electrical

2.6

-3.2

 

Paper and Paper Products

6.4

-0.8

 

Tobacco Products

2.9

-6.7

 

Basic Metals

0.9

16.1

 

Publishing and Printing

1.9

13.4

 

Leather Products

7.8

-13.4

 

Wood and Wood Products

2.0

6.6

 

 

 

 

Losers

Month-on-Month Growth (%)

July 2009

June 2009
(revised)

 

Beverages

-27.2

11.2

Chemical Products

-7.7

7.6

Miscellaneous Manufactures

-9.4

15.5

Non-Metallic Mineral Products

-5.6

5.8

Footwear and Wearing Apparel

-5.2

-3.8

Furniture and Fixtures

-11.6

11.5

Fabricated Metal Products

-4.0

2.8

Rubber and Plastic Products*

-3.4

6.6

Textiles

-0.5

-15.7

 

Note:

*  -   new sector in the 2000-based series

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