PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : July 2007

Release Date:
September 25, 2007

 

Total Manufacturing

July 2007

June 2007

Year-on-Year Growth

 

    Production Index

 

            Value(VaPI)

1.4

-3.0r

            Volume(VoPI)

0.6

-4.4r

    Net Sales Index

 

            Value

3.3

1.0r

            Volume

2.1

-0.9r

    Producer Price Index

0.8

1.4r

    Average Capacity Utilization

80.3

80.2

              r-revised

·  Value of Production recovers after 10 months

Value of Production Index (VaPI) for the manufacturing industry registered a year-on-year growth of 1.4 percent in July 2007, after the sluggish performance since September 2006, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Significant expansion in production were observed in nine (9) major sectors, with two-digit increases noted in the following: publishing and printing, wood and wood products, beverages, non-metallic mineral products, fabricated metal products, food manufacturing and petroleum products. Refer to Tables 1-A and 1 .

VaPI on a monthly basis reported a sizeable increase of 2.3 percent in July 2007. Significant increases were observed in the following sectors: basic metals, publishing and printing, transport equipment and leather products. Refer to Tables 1-A and 1.

·  Volume of Production Index also makes a turnaround

On a year-on-year basis, Volume of Production Index (VoPI) made a turnaround increase of 0.6 percent in July 2007, outpacing the decreases reported since January 2006. This was brought about by the expansion in output of the following major sectors: publishing and printing, wood and wood products, beverages, publishing and printing, petroleum products, non-metallic mineral products and fabricated metal products. Refer to Tables 2 and 1-B.

Also, VoPI on a month-on month basis maintained a positive growth of 2.1 percent in July 2007. Major sectors that significantly contributed to the increase were the following: basic metals, publishing and printing, transport equipment and leather products. Refer to Tables 2 and 1-B.

Figure 1

·  Value of Net Sales further expands in July 2007

Value of Net Sales continued to pick up as it posted a year-on-year increase of 3.3 percent in July 2007. This was due to the improved sales performance of ten (10) major sectors, with significant two-digit increases reported by the following: non-metallic mineral products, beverages, transport equipment, tobacco and furniture and fixtures. Refer to Tables 2-A and 3.

On a month-on-month comparison, however, Value of Net Sales went down by 0.4 percent in July 2007 compared to the previous month's (revised) increase of 1.6 percent. This was due to the two-digit month-on-month decreases reported by two (2) major sectors, offsetting the two-digit increases reported by four (4) major sectors. Refer to Tables 2-A and 3.

·  Volume of Net Sales improves

Volume of Net Sales also recovered with a year-on-year increase of 2.1 percent in July 2007 from a drop of 0.9 percent in June 2007. Major sectors that boosted the overall growth in sales volume were the following: furniture and fixtures, beverages, non-metallic mineral products, tobacco, transport equipment and miscellaneous manufactures. Refer to Tables 2-B and 4.

On a month-on-month basis, Volume of Net Sales shrank 0.9 percent in July 2007 from its (revised) 1.1 percent growth in the previous month. This was due to the two-digit month-on-month decreases reported by three (3) major sectors, offsetting the two-digit increases reported by four (4) major sectors. Refer to Tables 2-B and 4.

·  Capacity Utilization

Average capacity utilization in July 2007 for total manufacturing was estimated at 80.3 percent. Major sectors that registered more than 80% capacity utilization rates were the following: leather products, machinery excluding electrical, petroleum products, electrical machinery, basic metals, miscellaneous manufactures, paper and paper products, rubber products, publishing and printing, chemical products and food manufacturing. Refer to Table 6.

The proportion of establishments that operated at full capacity (90% to 100%) was 11.2 percent in July 2007. More than half or 56.5 percent of the establishments operated at 70% to 89% capacity and 32.3 percent of the establishments operated below 70% capacity.

Distribution of Key Manufacturing Establishments by Capacity Utilization
Total Manufacturing, July 2007

(In percent)

Capacity Utilization

Percent Share

Below 50 percent

3.6

50 percent - 59 percent

10.0

60 percent - 69 percent

18.7

70 percent - 79 percent

20.9

80 percent - 89 percent

35.6

90 percent - 100 percent

11.2

 

·  Response Rates

The response rates for the July 2007 MISSI and PPS are 88.1 percent and 90.2 percent, respectively. Refer to Tables 7 and 8.

Response Rates for Total Manufacturing
(In percent)

 

July 2007

June 2007
(revised)

MISSI

88.1

93.6r

PPS

90.2r

94.8r

 

                       r-revised

·  Technical Notes

Starting 2006, weights for the Producer Price Index (PPI) are based from the results of the 2003 Annual Survey of Philippine Business and Industry (ASPBI) for manufacturing establishments with average total employment (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 2007 - July 2007
(1994 =100)
 

 

Gainers

Year-on-Year Growth (percent)

 

July 2007

June 2007
(revised)

 

 

 

Food Manufacturing

12.6

7.3

 

Beverages

29.2

22.2

 

Petroleum Products

10.5

-11.7

 

Non-Metallic Mineral Products

19.5

1.6

 

Publishing and Printing*

47.9

35.9

 

Transport Equipment

9.6

-5.1

 

Wood and Wood Products

29.9

50.1

 

Fabricated Metal Products*

14.5

26.3

 

Leather Products*

4.7

14.7

 

 

 

 

 

Losers

Year-on-Year Growth (percent)

July 2007

June 2007
(revised)

 

Basic Metals

-19.8

-35.2

Electrical Machinery

-9.6

-5.5

Tobacco

-26.9

-21.8

Chemical Products

-6.8

10.9

Textiles

-18.6

-46.6

Footwear and Wearing Apparel*

-11.8

-13.5

Machinery Excluding Electrical*

-29.9

-26.5

Paper and Paper Products

-10.6

-3.9

Miscellaneous Manufactures

-18.2

-16.9

Rubber Products

-16.7

2.8

Furniture and Fixtures

-15.4

-14.7

 

 

TABLE 1-A. VALUE OF PRODUCTION INDEX, June 2007 - July 2007(concluded)
(1994=100)
 

 

Gainers

Month-on-Month Growth (percent)

 

July 2007

June 2007
(revised)

 

 

 

Basic Metals

40.7

-19.0

 

Transport Equipment

14.4

-2.4

 

Petroleum Products

5.4

-2.0

 

Food Manufacturing

3.5

11.0

 

Electrical Machinery

4.7

2.8

 

Footwear and Wearing Apparel*

7.9

0.3

 

Textiles

9.9

-8.0

 

Publishing and Printing*

16.6

13.4

 

Machinery Excluding Electrical*

2.5

6.4

 

Leather Products*

13.2

16.8

 

 

 

 

 

Losers

Month-on-Month Growth (percent)

July 2007

June 2007
(revised)

 

Chemical Products

-11.5

8.0

Beverages

-9.5

-2.9

Paper and Paper Products

-11.4

4.6

Wood and Wood Products

-7.2

20.0

Non-Metallic Mineral Products

-2.1

-2.2

Fabricated Metal Products*

-3.9

6.4

Tobacco

-2.1

5.1

Furniture and Fixtures

-8.2

5.7

Rubber Products

-6.4

8.4

Miscellaneous Manufactures

-3.7

1.7

 

Notes: * - new sectors in the 1994-based series

Sectors are ranked according to their contribution to the overall 1994-based July 2007 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 2007 - July 2007
(1994 = 100)
 

 

Gainers

Year-on-Year Growth (percent)

 

July 2007

June 2007
(revised)

 

 

 

Petroleum Products

22.1

-7.0

 

Beverages

26.4

18.5

 

Food Manufacturing

7.0

-0.2

 

Transport Equipment

7.7

-7.5

 

Non-Metallic Mineral Products

12.7

-4.9

 

Wood and Wood Products

36.3

58.2

 

Publishing and Printing*

22.3

12.4

 

Fabricated Metal Products*

11.5

27.7

 

Furniture and Fixtures

5.4

6.0

 

 

 

 

 

Losers

Year-on-Year Growth (percent)

July 2007

June 2007
(revised)

 

Basic Metals

-29.2

-40.4

Chemical Products

-10.6

8.3

Footwear and Wearing Apparel*

-20.0

-20.3

Tobacco

-26.4

-21.3

Textiles

-19.7

-47.2

Electrical Machinery

-5.0

-3.3

Machinery Excluding Electrical*

-30.7

-26.9

Paper and Paper Products

-11.9

-7.0

Rubber Products

-16.8

2.4

Miscellaneous Manufactures

-7.0

-5.1

Leather Products*

-4.2

5.1

 

 

TABLE 1-B. VOLUME OF PRODUCTION INDEX, June 2007 - July 2007(concluded)
(1994=100)
 

 

Gainers

Month-on-Month Growth (percent)

 

July 2007

June 2007
(revised)

 

 

Basic Metals

36.6

-19.2

 

Transport Equipment

14.4

-3.2

 

Food Manufacturing

3.6

10.1

 

Electrical Machinery

5.8

3.7

 

Petroleum Products

2.9

-3.7

 

Footwear and Wearing Apparel*

7.9

-0.4

 

Textiles

9.6

-8.3

 

Publishing and Printing*

16.6

13.4

 

Leather Products*

13.0

13.0

 

Machinery Excluding Electrical*

1.0

5.9

 

 

 

Losers

Month-on-Month Growth (percent)

 

July 2007 June 2007
(revised)

Chemical Products

-11.8

6.7

 

Beverages

-10.7

-1.5

 

Paper and Paper Products

-12.0

6.6

 

Wood and Wood Products

-7.8

20.6

 

Tobacco

-2.1

5.1

 

Non-Metallic Mineral Products

-1.8

-3.1

 

Furniture and Fixtures

-7.0

6.9

 

Fabricated Metal Products*

-2.5

4.2

 

Rubber Products

-6.1

10.6

 

Miscellaneous Manufactures

-3.2

2.6

 

 

Notes * - new sectors in the 1994-based series

Sectors are ranked according to their contribution to the overall 1994-based July 2007 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, June 2007 - July 2007
 

 

Gainers

Year-on-Year Growth (percent)

 

July 2007

June 2007
(revised)

 

 

 

Beverages

35.3

19.8

 

Transport Equipment

24.7

19.7

 

Non-Metallic Mineral Products

40.3

1.6

 

Food Manufacturing

6.9

-2.7

 

Tobacco

22.2

23.3

 

Publishing and Printing*

7.8

12.2

 

Fabricated Metal Products*

4.1

21.4

 

Furniture and Fixtures

10.1

-11.4

 

Wood and Wood Products

4.3

22.2

 

Rubber Products

2.0

16.0

 

 

 

 

 

Losers

Year-on-Year Growth (percent)

July 2007

June 2007
(revised)

 

Electrical Machinery

-12.1

-14.6

Basic Metals

-17.8

-31.4

Textiles

-18.8

-30.0

Machinery Excluding Electrical*

-18.1

-17.7

Paper and Paper Products

-10.3

-8.1

Footwear and Wearing Apparel*

-2.8

-1.3

Petroleum Products

-0.7

4.0

Leather Products*

-62.7

-56.9

Chemical Products

-0.5

18.6

Miscellaneous Manufactures

-3.0

6.3

 

 

TABLE 2-A. VALUE OF NET SALES, June 2007 - July 2007(concluded)
 

 

Gainers

Month-on-Month Growth (percent)

 

July 2007

June 2007
(revised)

 

 

 

Basic Metals

29.7

-19.6

 

Transport Equipment

10.1

-0.6

 

Textiles

4.3

-6.5

 

Petroleum Products

1.0

5.0

 

Machinery Excluding Electrical*

7.8

1.5

 

Furniture and Fixtures

12.1

4.7

 

Tobacco

1.2

0.6

 

Publishing and Printing*

2.3

-7.5

 

Leather Products*

14.8

1.4

 

Wood and Wood Products

1.3

6.1

 

 

 

 

 

Losers

Month-on-Month Growth (percent)

July 2007

June 2007
(revised)

 

Chemical Products

-13.9

9.8

Beverages

-9.5

3.6

Electrical Machinery

-4.1

3.2

Paper and Paper Products

-8.1

7.9

Food Manufacturing

-0.7

-2.0

Miscellaneous Manufactures

-11.6

16.1

Footwear and Wearing Apparel*

-2.8

12.4

Non-Metallic Mineral Products

-2.4

0.4

Fabricated Metal Products*

-4.2

a/

Rubber Products

-3.2

9.2

 

Note: * - new sectors in the 1994-based series

            a/ - Less than 0.1 percent increase

Sectors are ranked according to their contribution to the overall 1994-based July 2007 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, June 2007 - July 2007
 

 

Gainers

Year-on-Year Growth (percent)

 

July 2007

June 2007
(revised)

 

 

Beverages

32.4

16.2

 

Transport Equipment

22.5

16.7

 

Petroleum Products

9.8

9.5

 

Non-Metallic Mineral Products

32.3

-4.9

 

Tobacco

23.1

24.1

 

Food Manufacturing

1.5

-9.6

 

Furniture and Fixtures

37.2

10.2

 

Miscellaneous Manufactures

10.3

21.4

 

Wood and Wood Products

9.3

28.7

 

Fabricated Metal Products*

1.4

22.8

 

Rubber Products

1.8

15.5

 

 

 

Losers

Year-on-Year Growth (percent)

 

July 2007 June 2007
(revised)

Basic Metals

-27.4

-36.9

 

Electrical Machinery

-7.6

-12.7

 

Textiles

-20.0

-30.8

 

Chemical Products

-4.5

15.7

 

Footwear and Wearing Apparel*

-11.9

-9.0

 

Machinery Excluding Electrical*

-19.1

-18.1

 

Paper and Paper Products

-11.6

-11.1

 

Publishing and Printing*

-10.8

-7.2

 

Leather Products*

-65.9

-60.5

 

 

 

TABLE 2-B. VOLUME OF NET SALES, June 2007 - July 2007 (concluded)
 

 

Gainers

Month-on-Month Growth (percent)

 

July 2007

June 2007
(revised)

 

 

 

Basic Metals

26.0

-19.9

 

Transport Equipment

10.2

-1.4

 

Textiles

4.0

-6.8

 

Furniture and Fixtures

13.6

5.9

 

Machinery Excluding Electrical*

6.2

1.1

 

Tobacco

1.2

0.6

 

Publishing and Printing*

2.3

-7.5

 

Leather Products*

14.6

-1.9

 

Wood and Wood Products

0.7

6.6

 

 

 

 

 

Losers

Month-on-Month Growth (percent)

July 2007

June 2007
(revised)

 

Chemical Products

-14.2

8.4

Beverages

-10.7

5.0

Electrical Machinery

-3.1

4.1

Petroleum Products

-1.4

3.2

Paper and Paper Products

-8.7

9.9

Miscellaneous Manufactures

-11.1

17.1

Footwear and Wearing Apparel*

-2.8

11.6

Food Manufacturing

-0.6

-2.8

Non-Metallic Mineral Products

-2.2

-0.6

Fabricated Metal Products*

-2.8

-2.0

Rubber Products

-2.9

11.4

 

Note: * - new sectors in the 1994-based series

Sectors are ranked according to their contribution to the overall 1994-based July 2007 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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