PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : October 2011

Release Date:
December 27, 2011

 

Table 1 SUMMARY STATISTICS MISSI OCTOBER AND SEPTEMBER 2011

Total Manufacturing    October 2011        September 2011      
Year-on-Year Growth  
    Production Index (2000=100)  
            Value         (VaPI) -6.0 1.9r
            Volume     (VoPI) -6.3 2.5r
    Net Sales Index (2000=100)  
            Value        (VaNSI) 12.3 7.6r
            Volume     (VoNSI) 12.0 8.2r
    Producer Price Index (2000=100) 0.3r -0.6
    AVERAGE CAPACITY UTILIZATION 83.1 83.2r

                                                                                 r-revised
                                           

 

  • Value of Production decelerates in October 2011

     

Value of Production Index (VaPI) for total manufacturing dropped 6.0 percent in October 2011, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was brought about by the poor production performance of nine major sectors, with two-digit decreases reported by the following: basic metals, food manufacturing, electrical machinery, machinery except electrical, footwear and wearing apparel and fabricated metal products. Refer to Tables 1-A and 1.

VaPI, on a monthly basis, further fell by 1.9 percent in October 2011. Eleven major sectors accounted for the declines in value of production led by the following: electrical machinery, paper and paper products, footwear and wearing apparel, basic metals, and fabricated metal products. Refer to Tables 1-A and 1.

 

  • Volume of Production likewise declines in October 2011

     

Volume of Production Index (VoPI) exhibited a year-on-year decrease of 6.3 percent in October 2011. Significant reduction in production output was observed in the following major sectors: basic metals, machinery except electrical, food manufacturing, electrical machinery and footwear and wearing apparel. Refer to Tables 1-B and 2.

VoPI, on a month-on-month comparison, posted a slight decrement of 2.5 percent in October 2011. Five of 11 major sectors influenced the decrease in production output, namely: electrical machinery, footwear and wearing apparel, paper and paper products, basic metals and fabricated metal products. Refer to Tables 1-B and 2.

 

  • Value of Net Sales posts a two-digit growth in October 2011

     

On a yearly comparison, Value of Net Sales Index (VaNSI) continued to accelerate as it reflected a two-digit increment of 12.3 percent in October 2011. The major contributing factor was the expansion in sales of 12 major sectors of manufacturing industry, with two-digit increases observed in the following: petroleum products, tobacco products, leather products, chemical products, beverages, food manufacturing and non-metallic mineral products. Refer to Tables 2-A and 3.

On a monthly basis, VaNSI improved as it posted a growth of 2.9 percent from a decrement of 4.6 percent in September 2011. This was attributed to three major sectors, namely: leather products, electrical machinery and publishing and printing. Refer to Tables 2-A and 3.

  • Volume of Net Sales grows

     

Volume of Net Sales Index (VoNSI) increased in October 2011 posting an annual growth of 12.0 percent. Thirteen of 20 major contributed to the growth in volume of net sales with significant increases observed in the following: furniture and fixtures, transport equipment, leather products, chemical products, tobacco products, beverages and non-metallic mineral products. Refer to Tables 2-B and 4.

VoNSI, on a month-on-month change, climbed 2.2 percent in October 2011, compared with the previous month's decline of 5.1 percent. Major sectors that showed two-digit growth in sales volume were leather products, electrical machinery and publishing and printing. Refer to Tables 2-B and 4.

  • Capacity Utilization

     

    Average capacity utilization in October 2011 for total manufacturing stood at 83.1 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, miscellaneous manufactures, electrical machinery, rubber and plastic products, chemical products, paper and paper products, machinery except electrical and leather products. Refer to Table 6.

    The proportion of establishments that operated at full capacity (90% to 100%) was 15.2 percent in October 2011. About 60.7 percent of the establishments operated at 70% to 89% capacity while 24.1 percent of the establishments operated below 70% capacity.

     

     
    Table 2 Distribution of Key Manufacturing Establishments by Capacity Utilization
    for Total Manufacturing, October 2011

    (In percent)
    Capacity Utilization Percent Share
    Below 50 percent 5.5
    50 percent - 59 percent 7.5
    60 percent - 69 percent 11.1
    70 percent - 79 percent 18.1
    80 percent - 89 percent 42.6
    90 percent - 100 percent 15.2

     

    • Response Rates

       

    The response rates for the October 2011 MISSI and PPS are 80.7 percent and 90.3 percent, respectively. Refer to Tables 7 and 8

     

    Table 3 Response Rates for Total Manufacturing
    (In percent)
      October 2011 September 2011
    (revised)
    MISSI 80.7 91.4r
    PPS 90.3r 93.1r

     

                                                                                     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, September 2011 - October 2011
    (2000=100)
     
    Gainers Year-on-Year Growth (%)
    October 2011 September 2011
    (revised)
     

    Petroleum Products

    36.8

    43.8

    Beverages

    22.0

    19.2

    Miscellaneous Manufactures

    51.1

    18.7

    Chemical Products

    13.5

    22.8

    Leather Products

    418.1

    146.7

    Rubber and Plastic Products*

    22.0

    23.2

    Furniture and Fixtures

    40.7

    51.4

    Tobacco Products

    15.7

    23.1

    Non-Metallic Mineral Products

    9.5

    3.5

    Publishing and Printing

    1.9

    -13.8

    Textiles

    0.1

    4.1

     
    Losers Year-on-Year Growth (%)
    October 2011 September 2011
    (revised)
     

    Food Manufacturing

    -24.3

    -24.9

    Electrical Machinery

    -21.4

    8.6

    Machinery Except Electrical

    -21.3

    -16.5

    Basic Metals

    -30.3

    -7.9

    Footwear and Wearing Apparel

    -17.5

    4.8

    Transport Equipment

    -7.2

    1.0

    Fabricated Metal Products

    -10.0

    10.0

    Paper and Paper Products

    -5.4

    15.8

    Wood and Wood Products

    -5.0

    -7.0

     

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

    Miscellaneous Manufactures

    90.4

    -3.8

    Food Manufacturing

    9.3

    -2.8

    Petroleum Products

    6.0

    -5.4

    Machinery Except Electrical

    4.5

    -3.1

    Leather Products

    72.3

    135.1

    Rubber and Plastic Products*

    3.7

    1.5

    Publishing and Printing

    4.4

    30.0

    Furniture and Fixtures

    5.2

    19.3

    Non-Metallic Mineral Products

    0.3

    -0.1

     
    Losers Month-on-Month Growth (%)
    October 2011 September 2011
    (revised)
     

    Electrical Machinery

    -29.8

    4.0

    Basic Metals

    -12.6

    -15.7

    Footwear and Wearing Apparel

    -16.4

    -0.9

    Paper and Paper Products

    -16.4

    -0.9

    Transport Equipment

    -4.8

    5.5

    Tobacco Products

    -8.4

    -4.9

    Fabricated Metal Products

    -11.1

    1.8

    Chemical Products

    -2.0

    -8.9

    Textiles

    -6.1

    24.4

    Beverages

    -1.8

    12.0

    Wood and Wood Products

    -0.8

    4.6

    Notes:

    * - new sector in the 2000-based series

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

    Miscellaneous Manufactures

    66.3

    30.7

    Beverages

    26.8

    23.8

    Chemical Products

    15.5

    24.9

    Furniture and Fixtures

    144.2

    170.4

    Leather Products

    421.3

    145.2

    Petroleum Products

    7.9

    9.1

    Transport Equipments

    17.2

    29.4

    Rubber and Plastic Products*

    15.5

    17.2

    Non-Metallic Mineral Products

    13.6

    6.2

    Tobacco Products

    10.7

    17.7

    Publishing and Printing

    1.9

    -13.8

     
    Losers Year-on-Year Growth (%)
    October 2011 September 2011
    (revised)
     

    Food Manufacturing

    -27.3

    -28.4

    Electrical Machinery

    -21.7

    10.7

    Machinery Except Electrical

    -28.4

    -19.9

    Basic Metals

    -36.6

    -17.5

    Footwear and Wearing Apparel

    -18.2

    4.0

    Fabricated Metal Products

    -8.5

    12.0

    Paper and Paper Products

    -2.5

    15.5

    Wood and Wood Products

    -5.1

    -7.1

    Textiles

    -1.1

    2.2

     

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

    Miscellaneous Manufactures

    92.8

    -7.7

    Food Manufacturing

    8.7

    -3.4

    Petroleum Products

    6.9

    -6.6

    Leather Products

    74.5

    134.3

    Rubber and Plastic Products

    3.3

    1.2

    Non-Metallic Mineral Products

    2.7

    -1.0

    Publishing and Printing

    4.4

    30.0

    Machinery Except Electrical

    0.2

    -5.4

    Furniture and Fixtures

    2.5

    43.1

     
    Losers Month-on-Month Growth (%)
    October 2011 September 2011
    (revised)

    Electrical Machinery

    -29.9

    2.5

    Basic Metals

    -12.0

    -16.8

    Footwear and Wearing Apparel

    -15.6

    16.3

    Paper and Paper Products

    -15.2

    -2.2

    Transport Equipment

    -5.4

    7.8

    Tobacco Products

    -8.4

    -4.9

    Chemical Products

    -2.2

    -9.9

    Fabricated Metal Products

    -11.1

    1.8

    Textiles

    -6.1

    25.6

    Beverages

    -1.8

    12.0

    Wood and Wood Products

    -0.8

    4.6

    Notes

    * - new sector in the 2000-based series

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

    Petroleum Products

    37.0

    28.2

    Food Manufacturing

    14.4

    10.6

    Chemical Products

    23.0

    12.7

    Electrical Machinery

    9.3

    -11.6

    Beverages

    17.5

    5.8

    Tobacco Products

    30.7

    53.3

    Non-Metallic Mineral Products

    12.8

    5.1

    Transport Equipment

    7.1

    5.1

    Machinery Except Electrical

    1.2

    -5.0

    Leather Products

    25.6

    5.9

    Textiles

    2.5

    6.2

    Wood and Wood Products

    7.5

    4.0

     
    Losers Year-on-Year Growth (%)
    October 2011 September 2011
    (revised)
     

    Basic Metals

    -7.5

    4.8

    Rubber and Plastic Products*

    -25.0

    25.9

    Footwear and Wearing Apparel

    -9.4

    17.7

    Paper and Paper Products

    -11.2

    6.0

    Publishing and Printing

    -16.0

    3.3

    Fabricated Metal Products

    -10.3

    -5.4

    Miscellaneous Manufactures

    -5.3

    15.9

    Furniture and Fixtures

    -2.8

    -2.0

     

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

    Electrical Machinery

    15.5

    -2.4

    Petroleum Products

    7.2

    -27.7

    Food Manufacturing

    4.0

    1.0

    Chemical Products

    3.6

    7.4

    Machinery Except Electrical

    2.3

    a/

    Publishing and Printing

    10.0

    -10.2

    Non-Metallic Mineral Products

    2.4

    -4.4

    Leather Products

    31.0

    -1.4

    Beverages

    1.3

    15.1

    Furniture and Fixtures

    7.0

    13.1

    Transport Equipment

    1.0

    9.0

    Wood and Wood Products

    4.2

    4.4

     
    Losers Month-on-Month Growth (%)
    October 2011 September 2011
    (revised)
     

    Basic Metals

    -15.5

    -8.1

    Footwear and Wearing Apparel

    -18.5

    25.9

    Rubber and Plastic Products*

    -10.7

    7.4

    Fabricated Metal Products

    -8.6

    4.3

    Textiles

    -6.5

    22.4

    Paper and Paper Products

    -5.0

    2.0

    Tobacco Products

    -4.6

    33.3

    Miscellaneous Manufactures

    -2.4

    3.0

     

    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 October 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, September 2011 - October 2011
    (2000=100)
     
    Gainers Year-on-Year Growth (%)
    October 2011 September 2011
    (revised)
     
     

    Chemical Products

    25.2

    14.6

    Food Manufacturing

    9.8

    5.4

    Electrical Machinery

    8.8

    -9.9

    Transport Equipment

    35.2

    34.6

    Beverages

    22.1

    9.9

    Petroleum Products

    8.1

    -2.8

    Furniture and Fixtures

    68.8

    75.0

    Non-Metallic Mineral Products

    17.0

    7.9

    Tobacco Products

    25.1

    46.7

    Miscellaneous Manufactures

    4.2

    27.7

    Leather Products

    26.4

    5.1

    Wood and Wood Products

    7.4

    3.9

    Textiles

    1.3

    4.3

     
    Losers Year-on-Year Growth (%)
    October 2011 September 2011
    (revised)

    Machinery Except Electrical

    -7.9

    -8.8

    Basic Metals

    -15.8

    -6.1

    Rubber and Plastic Products*

    -29.0

    19.8

    Footwear and Wearing Apparel

    -10.2

    16.9

    Publishing and Printing

    -16.0

    3.3

    Paper and Paper Products

    -8.5

    5.7

    Fabricated Metal Products

    -8.7

    -3.7

     

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

    Electrical Machinery

    15.4

    -3.9

    Petroleum Products

    8.1

    -28.6

    Food Manufacturing

    3.4

    0.3

    Chemical Products

    3.4

    6.2

    Non-Metallic Mineral Products

    4.8

    -5.3

    Publishing and Printing

    10.0

    -10.2

    Leather Products

    32.6

    -1.7

    Beverages

    1.3

    15.1

    Furniture and Fixtures

    4.3

    35.7

    Wood and Wood Products

    4.2

    4.4

    Transport Equipment

    0.3

    11.4

     
    Losers Month-on-Month Growth (%)
    October 2011 September 2011
    (revised)
     

    Basic Metals

    -15.0

    -9.2

    Footwear and Wearing Apparel

    -19.0

    24.3

    Machinery Except Electrical

    -1.9

    -2.4

    Rubber and Plastic Products*

    -11.0

    7.0

    Fabricated Metal Products

    -8.6

    4.3

    Textiles

    -6.5

    23.6

    Tobacco Products

    -4.6

    33.3

    Paper and Paper Products

    -3.6

    0.6

    Miscellaneous Manufactures

    -1.2

    -1.2

    Note:

    *  -   new sector in the 2000-based series

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