PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : June 2008

Release Date:
August 26, 2008
 

 

Total Manufacturing

   June 2008    

May 2008

 

 

Year-on-Year Growth

 

 

    Production Index (2000=100)

 

     

 

            Value        (VaPI)

9.3

10.6r

     

 

            Volume     (VoPI)

5.1

7.9r

     

 

    Net Sales Index (2000=100)

 

     

 

            Value        (VaNSI)

8.5

5.8r

     

 

            Volume     (VoNSI)

5.2

4.1r

     

 

    Producer Price Index (2000=100)

5.3r

4.1r

     

 

    AVERAGE CAPACITY UTILIZATION

80.9

80.9r

     

 

               r-revised

·  Value of Production maintains positive growth in June 2008

Value of Production Index (VaPI) for the manufacturing industry recorded a year-on-year growth of 9.3 percent in June 2008, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Eight (8) major sectors accounted for the significant growth in production, namely: basic metals, leather products, chemical products (excluding plastic products), food manufacturing, petroleum products, beverages, footwear and wearing apparel, and rubber and plastic products. Refer to Tables 1-A and 7.

On a monthly basis, VaPI posted a slower growth of 2.4 percent in June 2008. Only three (3) major sectors exhibited two-digit increases in production values, namely: transport equipment, chemical products (excluding plastic products), and petroleum products. Refer to Tables 1-A and 7.

·  Volume of Production grows at a slower rate

Likewise, Volume of Production Index (VoPI) recorded a year-on-year growth of 5.1 percent in June 2008. Significant expansions in factory output were noted in the following major sectors: leather products, footwear and wearing apparel, chemical products (excluding plastic products), beverages, and basic metals. Refer to Tables 1-B and 8.

On a month-on-month basis, however, VoPI climbed by 0.8 percent in June 2008. The increments reported by eight (8) major sectors were not sizeable enough to offset the decreases registered in production volume by 12 industry groups. Refer to Tables 1-B and 8.

·  Value of Net Sales expands further in June 2008

Value of Net Sales Index (VaNSI), on a year-on-year basis, reflected an increment of 8.5 percent in June 2008. This maybe due to the higher sales performance of 12 major sectors, with two-digit increases reported by the following: basic metals (64.8%), petroleum products (30.5%), wood and wood products (23.6%), and leather products (19.2%). Refer to Tables 2-A and 9.

On a month-on-month comparison, VaNSI grew by 4.8 percent in June 2008. Two (2) of the 13 major sectors were significant contributors of growth, namely: basic metals and transport equipment. Refer to Tables 2-A and 9.

·  Volume of Net Sales likewise increases in June 2008

Volume of Net Sales Index (VoNSI) continued to gain as it posted a year-on-year increase of 5.2 percent in June 2008. This was due to the two-digit increases observed in three (3) major sectors, offsetting the decreases reported by twelve (12) industry groups. Refer to Tables 2-B and 10.

VoNSI, on a month-on-month basis, also grew at 3.2 percent in June 2008. Nine (9) major sectors exhibited positive growths led by by basic metals and transport equipment. Refer to Tables 2-B and 10.

Figure 3

·  Capacity Utilization

Average capacity utilization in June 2008 for total manufacturing was estimated at 80.9 percent. Ten (10) major sectors that registered more than 80% capacity utilization rates were the following: basic metals, petroleum products, food manufacturing, footwear and wearing apparel, leather products, paper and paper products, chemical products (excluding plastic products), miscellaneous manufactures, electrical machinery, and rubber and plastic products. Refer to Table 6.

The proportion of establishments that operated at full capacity (90% to 100%) was 10.5 percent in June 2008. More than half or 59.5 percent of the establishments operated at 70% to 89% capacity while 30.0 percent of the establishments operated below 70% capacity.

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

(In percent)

Capacity Utilization

Percent Share

Below 50 percent

4.1

50 percent - 59 percent

7.6

60 percent - 69 percent

18.3

70 percent - 79 percent

21.6

80 percent - 89 percent

37.9

90 percent - 100 percent

10.5

 

·  Response Rates

The response rates for the June 2008 MISSI and PPS are 91.3 percent and 96.4 percent, respectively. Refer to Tables 12 and 13.

Response Rates for Total Manufacturing
(In percent)

 

June 2008

May 2008
(revised)

MISSI

91.3

97.1r

PPS

96.4r

97.7r

 

                    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 with the February 2008 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 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 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, May 2008 - June 2008
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

June 2008

May 2008
(revised)

 

 

 

Food Manufacturing

20.3

27.1

 

Petroleum Products

19.3

4.6

 

Chemical Products (excluding Plastic Products)

22.1

11.9

 

Basic Metals

35.8

53.6

 

Beverages

19.2

23.5

 

Footwear and Wearing Apparel

17.3

23.6

 

Rubber and Plastic Products*

10.3

17.6

 

Non-Metallic Mineral Products

8.8

10.2

 

Tobacco Products

5.0

2.7

 

Leather Products

24.2

38.4

 

Wood and Wood Products

9.3

34.3

 

 

 

 

 

Losers

Year-on-Year Growth (%)

June 2008

May 2008
(revised)

 

Machinery Except Electrical

-45.8

-32.7

Miscellaneous Manufactures

-34.1

-33.7

Electrical Machinery

-2.2

1.5

Transport Equipment

-8.6

-29.2

Textiles

-16.3

-19.6

Furniture and Fixtures

-14.9

-6.6

Publishing and Printing

-10.0

3.5

Fabricated Metal Products

-5.1

-3.5

Paper and Paper Products

-1.5

2.5

 

 

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

 

Gainers

Month-on-Month Growth (%)

 

June 2008

May 2008
(revised)

 

 

 

Chemical Products (excluding Plastic Products)

23.5

4.0

 

Petroleum Products

11.7

4.9

 

Transport Equipment

24.6

-20.1

 

Food Manufacturing

5.3

-0.4

 

Tobacco Products

7.5

27.1

 

Electrical Machinery

0.7

7.0

 

Fabricated Metal Products

2.0

1.8

 

Miscellaneous Manufactures

1.1

-3.6

 

Rubber and Plastic Products*

0.6

3.1

 

Leather Products

4.8

11.9

 

Paper and Paper Products

0.2

6.3

 

 

 

 

 

Losers

Month-on-Month Growth (%)

June 2008

May 2008
(revised)

 

Machinery Except Electrical

-14.6

13.9

Basic Metals

-22.7

22.0

Beverages

-6.2

9.8

Non-Metallic Mineral Products

-3.9

-5.2

Footwear and Wearing Apparel

-2.9

-1.6

Textiles

-4.1

-3.4

Furniture and Fixtures

-3.7

2.5

Publishing and Printing

-1.4

23.2

Wood and Wood Products

-2.3

13.2

 

Notes:

* - new sector in the 2000-based series.

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

 

Gainers

Year-on-Year Growth (%)

 

Jun 2008

May 2008
(revised)

 

 

 

Food Manufacturing

10.2

16.9

 

Chemical Products (excluding Plastic Products)

17.9

5.7

 

Beverages

15.4

19.5

 

Footwear and Wearing Apparel

19.4

24.9

 

Basic Metals

12.1

28.9

 

Electrical Machinery

2.2

8.9

 

Non-Metallic Mineral Products

7.4

9.3

 

Tobacco Products

4.3

2.0

 

Rubber and Plastic Products*

2.8

11.9

 

Leather Products

21.5

32.2

 

Wood and Wood Products

5.8

30.7

 

 

 

Losers

Year-on-Year Growth (%)

June 2008

May 2008
(revised)

 

Machinery Except Electrical

-46.4

-31.7

Petroleum Products

-14.7

-22.9

Miscellaneous Manufactures

-24.5

-24.1

Textiles

-25.5

-19.7

Transport Equipment

-8.6

-28.1

Publishing and Printing

-18.0

-5.7

Furniture and Fixtures

-22.9

-8.3

Paper and Paper Products

-4.4

1.8

Fabricated Metal Products

-5.0

-4.4

 

 

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

 

Gainers

Month-on-Month Growth (%)

 

June 2008

May 2008
(revised)

 

 

Chemical Products (excluding Plastic Products)

24.9

2.5

 

Transport Equipment

21.5

-20.3

 

Petroleum Products

6.4

-7.0

 

Food Manufacturing

3.9

-1.1

 

Tobacco Products

7.5

27.1

 

Miscellaneous Manufactures

2.0

-2.6

 

Fabricated Metal Products

0.8

1.9

 

Leather Products

3.8

9.2

 

 

 

Losers

Month-on-Month Growth (%)

 

June 2008 May 2008
(revised)
   

Machinery Except Electrical

-16.3

11.6

 

Basic Metals

-24.0

21.5

 

Beverages

-6.2

8.7

 

Textiles

-14.8

-3.6

 

Non-Metallic Mineral Products

-5.2

-6.8

 

Electrical Machinery

-0.5

5.5

 

Footwear and Wearing Apparel

-3.1

-1.8

 

Furniture and Fixtures

-10.1

-7.4

 

Publishing and Printing

-1.4

23.2

 

Paper and Paper Products

-0.7

5.2

 

Wood and Wood Products

-2.3

13.2

 

Rubber and Plastic Products*

-0.3

2.6

 

 

Notes

* - new sector in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based June 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 INDEX, May 2008 - June 2008
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

June 2008

May 2008
(revised)

 

 

 

Petroleum Products

30.5

29.0

 

Basic Metals

64.8

18.2

 

Food Manufacturing

6.6

13.0

 

Beverages

6.9

3.0

 

Non-Metallic Mineral Products

9.7

11.4

 

Paper and Paper Products

7.9

15.6

 

Transport Equipment

3.3

-13.4

 

Wood and Wood Products

23.6

29.0

 

Furniture and Fixture

8.8

8.2

 

Fabricated Metal Products

5.7

-0.6

 

Leather Products

19.2

33.7

 

Rubber and Plastic Products*

0.0

2.0

 

 

 

Losers

Year-on-Year Growth (%)

June 2008

May 2008
(revised)

 

Machinery Except Electrical

-39.9

-32.5

Electrical Machinery

-5.5

-10.7

Chemical Products (excluding Plastic Products)

-8.0

6.9

Miscellaneous Manufactures

-23.8

-25.0

Textiles

-18.7

-25.0

Footwear and Wearing Apparel

-7.0

5.2

Tobacco Products

-9.8

-5.6

Publishing and Printing

-1.4

-14.0

 

 

TABLE 2-A. VALUE OF NET SALES INDEX, May 2008 - June 2008
(concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

June 2008

May 2008
(revised)

 

 

 

Electrical Machinery

7.9

-2.8

 

Basic Metals

21.7

-0.6

 

Transport Equipment

18.5

-10.7

 

Petroleum Products

6.3

23.8

 

Beverages

7.4

-2.6

 

Miscellaneous Manufactures

3.5

-4.6

 

Publishing and Printing

5.5

12.2

 

Fabricated Metal Products

3.6

10.5

 

Furniture and Fixtures

5.2

6.5

 

Wood and Wood Products

6.4

18.3

 

Paper and Paper Products

0.7

4.3

 

Rubber and Plastic Products*

0.1

0.9

 

Footwear and Wearing Apparel

0.0

-0.1

 

 

 

 

 

Losers

Month-on-Month Growth (%)

June 2008

May 2008
(revised)

 

Machinery Except Electrical

-9.8

2.7

Food Manufacturing

-2.0

2.1

Chemical Products (excluding Plastic Products)

-3.8

3.3

Non-Metallic Mineral Products

-2.8

2.4

Tobacco Products

-3.9

-4.9

Leather Products

-9.8

34.6

Textiles

-0.3

-8.4

 

Note:

* - new sector in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based June 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 INDEX, May 2008 - June 2008
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

June 2008

May 2008
(revised)

 

 

Basic Metals

36.0

-0.8

 

Non-Metallic Mineral Products

8.2

10.5

 

Beverages

3.4

-0.3

 

Transport Equipment

3.3

-12.0

 

Wood and Wood Products

19.7

25.5

 

Paper and Paper Products

4.8

14.8

 

Fabricated Metal Products

4.6

-1.5

 

Leather Products

16.6

27.7

 

 

 

Losers

Year-on-Year Growth (%)

 

June 2008 May 2008
(revised)
   

Machinery Except Electrical

-40.6

-31.5

 

Chemical Products (excluding Plastic Products)

-12.1

3.9

 

Petroleum Products

-6.7

-4.9

 

Textiles

-27.7

-25.2

 

Food Manufacturing

-2.4

3.9

 

Miscellaneous Manufactures

-12.7

-14.2

 

Electrical Machinery

-1.2

-4.2

 

Tobacco Products

-10.4

-6.2

 

Footwear and Wearing Apparel

-5.4

6.4

 

Publishing and Printing

-10.2

-21.6

 

Rubber and Plastic Products*

-6.7

-2.9

 

Furniture and Fixtures

-1.5

6.2

 

 

 

TABLE 2-B. VOLUME OF NET SALES INDEX, May 2008 - June 2008
(concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

June 2008

May 2008
(revised)

 

 

 

Electrical Machinery

6.7

-4.1

 

Basic Metals

19.6

-1.0

 

Transport Equipment

15.6

-10.9

 

Beverages

7.4

-3.7

 

Petroleum Products

1.2

9.8

 

Miscellaneous Manufactures

4.5

-3.6

 

Publishing and Printing

5.5

12.2

 

Fabricated Metal Products

2.4

10.6

 

Wood and Wood Products

6.4

18.3

 

 

 

 

 

Losers

Month-on-Month Growth (%)

June 2008

May 2008
(revised)

 

Machinery Except Electrical

-11.5

0.7

Food Manufacturing

-3.3

1.4

Chemical Products (excluding Plastic Products)

-2.8

1.8

Textiles

-11.4

-8.5

Non-Metallic Mineral Products

-4.0

0.7

Tobacco Products

-3.9

-4.9

Leather Products

-10.7

31.3

Furniture and Fixtures

-1.8

-3.7

Rubber and Plastic Products*

-0.8

0.4

Paper and Paper Products

-0.2

3.3

Footwear and Wearing Apparel

-0.1

-0.2

 

Note:

*  -   new sector in the 2000-based series

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