PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : December 2008

Release Date:
February 25, 2009

 

Total Manufacturing

   December 2008    

November 2008

 

 

Year-on-Year Growth

 

 

    Production Index (2000=100)

 

     

 

            Value         (VaPI)

-9.6

0.2r

     

 

            Volume     (VoPI)

-15.4

-7.1r

     

 

    Net Sales Index (2000=100)

 

     

 

            Value        (VaNSI)

-16.8

-6.3r

     

 

            Volume     (VoNSI)

-22.1

-13.1r

     

 

    Producer Price Index (2000=100)

6.8r

7.8r

     

 

    AVERAGE CAPACITY UTILIZATION

80.5

80.7r

     

 

                                         r-revised
                                         

·  Value of Production on the downtrend

Value of Production Index (VaPI) for the manufacturing industry declined by 9.6 percent in December 2008, after registering positive growths in the last eight months since April 2008, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This maybe due to the lackluster performance in 12 major sectors led by miscellaneous manufactures, petroleum products, machinery except electrical, furniture and fixtures, textiles, publishing and printing, electrical machinery, basic metals, and transport equipment. Refer to Tables 1-A and 1.

On a month-on-month basis, VaPI dropped by 3.3 percent in December 2008. Production values of 17 major sectors contracted, with two-digit decreases observed in the following: miscellaneous manufactures, leather products, transport equipment, fabricated metal products, textiles, electrical machinery, and tobacco products. Refer to Tables 1-A and 1.

·  Volume of Production registers a two-digit decline

Volume of Production Index (VoPI) on year-on-year basis recorded a two-digit decrease at 15.4 percent in December 2008. Significant reductions in factory output were noted in the following major sectors: miscellaneous manufactures, machinery except electrical, textiles, petroleum products, electrical machinery, publishing and printing, furniture and fixtures, leather products, basic metals, transport equipment, and paper and paper products. Refer to Tables 1-B and 2.

VoPI, on a monthly basis, likewise, fell by 1.9 percent in December 2008. Sixteen major sectors accounted for the declines in factory output led by the following: miscellaneous manufactures, leather products, transport equipment, fabricated metal products, textiles, electrical machinery, and tobacco products. Refer to Tables 1-B and 2.

·  Value of Net Sales continues to decline

On a year-on-year basis, Value of Net Sales Index (VaNSI) continued its downtrend as it posted a decrease of 16.8 percent in December 2008. Sectors that significantly contributed to the decrease were the following: miscellaneous manufactures, furniture and fixtures, basic metals, machinery except electrical, textiles, petroleum products, leather products, publishing and printing, wood and wood products, electrical machinery, food manufacturing, and transport equipment. Refer to Tables 2-A and 3.

On a month-on-month comparison, VaNSI dropped by 2.4 percent in December 2008. This was due to the decreases observed in 14 major sectors, led by miscellaneous manufactures with 44.1 percent sales decrease. Refer to Tables 2-A and 3.

·  Volume of Net Sales decelerates further

Volume of Net Sales Index (VoNSI), on a year-on-year basis, likewise, continued to decrease registering at 22.1 percent in December 2008. The decline was exhibited by 17 major sectors, with two-digit decreases observed in the following: miscellaneous manufactures, furniture and fixtures, machinery except electrical, textiles, basic metals, publishing and printing, leather products, electrical machinery, wood and wood products, food manufacturing, beverages, paper and paper products, chemical products, and transport equipment. Refer to Tables 2-B and 4.

VoNSI, on a monthly basis, went down at a slower rate of 1.0 percent in December 2008. Thirteen major sectors reported a month-on-month decreases in sales volume, led by leather products with a decline of 44.1 percent. Refer to Tables 2-B and 4.

·  Capacity Utilization

Average capacity utilization in December 2008 for total manufacturing was estimated at 80.5 percent. Ten major sectors that registered capacity utilization rates of 80% and more were the following: basic metals, food manufacturing, leather products, paper and paper products, petroleum products, electrical machinery, chemical products (excluding plastic products), miscellaneous manufactures, rubber and plastic products, and footwear and wearing apparel. Refer to Table 6.

The proportion of establishments that operated at full capacity (90% to 100%) was 11.2 percent in December 2008. More than half or 61.4 percent of the establishments operated at 70% to 89% capacity while 27.4 percent of the establishments operated below 70% capacity.

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

(In percent)

Capacity Utilization

Percent Share

Below 50 percent

4.6

50 percent - 59 percent

6.8

60 percent - 69 percent

16.0

70 percent - 79 percent

22.4

80 percent - 89 percent

39.0

90 percent - 100 percent

11.2

 

·  Response Rates

The response rates for the December 2008 MISSI and PPS are 90.4 percent and 95.8 percent, respectively. Refer to Tables 7 and 8

Response Rates for Total Manufacturing
(In percent)

 

December 2008

November 2008
(revised)

MISSI

90.4

96.1r

PPS

95.8r

96.8r

 

                                                     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 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 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.

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, November 2008 - December 2008
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

December 2008

November 2008
(revised)

 

 

 

Food Manufacturing

4.6

18.2

 

Fabricated Metal Products

24.7

17.1

 

Tobacco Products

14.8

1.2

 

Beverages

6.0

40.2

 

Non-Metallic Mineral Products

9.0

17.7

 

Footwear and Wearing Apparel

8.6

26.0

 

Rubber and Plastic Products*

4.4

11.0

 

Wood and Wood Products

7.5

20.7

 

 

 

 

 

Losers

Year-on-Year Growth (%)

December 2008

November 2008
(revised)

 

Petroleum Products

-46.4

-39.1

Machinery Except Electrical

-36.6

-33.4

Electrical Machinery

14.2

-2.3

Miscellaneous Manufactures

-64.8

-41.6

Basic Metals

-12.7

-14.8

Transport Equipment

-11.1

-1.6

Textiles

-24.1

-14.6

Publishing and Printing

-16.6

3.1

Furniture and Fixtures

-24.5

-23.2

Paper and Paper Products

-3.8

-9.0

Chemical Products (excluding Plastic Products)

-0.8

3.7

Leather Products

-9.7

10.7

 

 

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

 

Gainers

Month-on-Month Growth (%)

 

December 2008

November 2008
(revised)

 

 

 

Food Manufacturing

4.1

5.1

 

Petroleum Products

2.0

-51.7

 

Paper and Paper Products

2.3

-11.4

 

 

 

 

 

Losers

Month-on-Month Growth (%)

December 2008

November 2008
(revised)

 

Electrical Machinery

-12.2

-10.4

Miscellaneous Manufactures

-44.6

-26.2

Transport Equipment

-19.9

-6.0

Machinery Except Electrical

-7.5

-4.3

Chemical Products (excluding Plastic Products)

-4.0

5.3

Textiles

-13.8

-10.6

Footwear and Wearing Apparel

-7.4

0.1

Tobacco Products

-10.8

-13.0

Fabricated Metal Products

-14.1

-8.4

Rubber and Plastic Products*

-4.3

-3.1

Beverages

-2.0

13.2

Publishing and Printing

-7.3

12.1

Non-Metallic Mineral Products

-2.8

-3.7

Leather Products

-33.9

-4.7

Basic Metals

-1.6

-20.6

Wood and Wood Products

-5.6

-6.0

Furniture and Fixtures

-0.4

-8.5

 

Notes:

* - new sector in the 2000-based series.

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

 

Gainers

Year-on-Year Growth (%)

 

December 2008

November 2008
(revised)

 

 

 

Tobacco Products

12.8

-0.5

 

Fabricated Metal Products

10.1

2.8

 

Footwear and Wearing Apparel

0.9

14.9

 

Non-Metallic Mineral Products

0.6

7.6

 

Wood and Wood Products

2.8

15.4

 

 

 

 

 

Losers

Year-on-Year Growth (%)

December 2008

November 2008
(revised)

 

Electrical Machinery

-26.1

-12.8

Machinery Except Electrical

-44.5

-40.9

Petroleum Products

-29.8

-30.5

Miscellaneous Manufactures

-64.7

-41.4

Food Manufacturing

-4.7

6.6

Chemical Products (excluding Plastic Products)

-9.9

-5.3

Basic Metals

-14.5

-21.7

Textiles

-33.0

-24.7

Transport Equipment

-13.0

-3.9

Publishing and Printing

-24.0

-6.1

Beverages

-4.9

25.8

Paper and Paper Products

-10.1

-16.1

Furniture and Fixtures

-21.7

-18.3

Leather Products

-16.6

2.1

Rubber and Plastic Products*

-0.4

1.9

 

 

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

 

Gainers

Month-on-Month Growth (%)

 

December 2008

November 2008
(revised)

 

Petroleum  Products

13.9

-41.1

Food Manufacturing

4.9

4.6

 

Basic Metals

3.0

-16.8

 

Paper and Paper Products

3.8

-10.4

 

 

 

Losers

Month-on-Month Growth (%)

 

December 2008 November 2008
(revised)

Electrical Machinery

-13.1

-12.5

 

Miscellaneous Manufactures

-44.2

-25.5

 

Transport Equipment

-19.6

-7.1

 

Machinery Except Electrical

-5.8

-6.1

 

Chemical Products (excluding Plastic Products)

-4.1

-1.8

 

Textiles

-13.6

-10.6

 

Footwear and Wearing Apparel

-7.4

-2.6

 

Tobacco Products

-10.8

-13.0

 

Fabricated Metal Products

-14.1

-10.9

 

Non-Metallic Mineral Products

-3.6

-3.7

 

Beverages

-2.0

13.2

 

Publishing and Printing

-7.3

12.1

 

Leather Products

-33.9

-7.6

 

Rubber and Plastic Products*

-2.6

-0.1

 

Wood and Wood Products

-5.6

-6.0

 

Furniture and Fixtures

-2.3

-4.4

 

 

Notes

* - new sector in the 2000-based series

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

 

Gainers

Year-on-Year Growth (%)

 

December 2008

November 2008
(revised)

 

 

 

Tobacco Products

46.2

6.2

 

Non-Metallic Mineral Products

12.7

34.1

 

Fabricated Metal Products

26.5

24.3

 

 

 

 

 

Losers

Year-on-Year Growth (%)

December 2008

November 2008
(revised)

 

Machinery Except Electrical

-31.7

-34.3

Petroleum Products

-27.2

-12.1

Electrical Machinery

-15.3

-6.6

Food Manufacturing

-14.5

-10.6

Basic Metals

-36.3

-10.1

Miscellaneous Manufactures

-57.3

-48.1

Textiles

-30.6

-26.4

Transport Equipment

-10.6

-4.7

Chemical Products (excluding Plastic Products)

-4.3

10.4

Furniture and Fixtures

-44.6

-25.0

Beverages

-6.4

9.9

Publishing and Printing

-23.1

-2.5

Paper and Paper Products

-8.9

-12.8

Wood and Wood Products

-19.0

-8.1

Leather Products

-23.9

35.8

Rubber and Plastic Products *

-4.2

9.8

Footwear and Wearing Apparel

-1.4

-1.5

 

 

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

 

Gainers

Month-on-Month Growth (%)

 

December 2008

November 2008
(revised)

 

 

 

Food Manufacturing

5.9

-15.4

 

Beverages

20.3

3.0

 

Machinery Except Electrical

4.4

-19.0

 

Tobacco Products

19.6

-7.4

 

Footwear and Wearing Apparel

1.0

4.5

 

Wood and Wood Products

1.1

-13.1

 

 

 

 

 

Losers

Month-on-Month Growth (%)

December 2008

November 2008
(revised)

 

Electrical Machinery

-11.4

-14.6

Petroleum Products

-6.2

-32.5

Basic Metals

-8.0

-15.8

Non-Metallic Mineral Products

-11.8

0.9

Chemical Products (excluding Plastic Products)

-3.9

0.5

Fabricated Metal Products

-17.8

1.8

Publishing and Printing

-13.3

-15.0

Miscellaneous Manufactures

-7.3

-49.5

Textiles

-7.1

-18.3

Transport Equipment

-2.8

2.5

Rubber and Plastic Products*

-9.8

-1.3

Leather Products

-44.1

17.5

Furniture and Fixtures

-12.9

-21.0

Paper and Paper Products

-4.7

-15.3

 

Note:

* - new sector in the 2000-based series

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

 

Gainers

Year-on-Year Growth (%)

 

December 2008

November 2008
(revised)

 

Tobacco Products

43.7

4.4

Fabricated Metal Products

11.6

9.1

 

Non-Metallic Mineral Products

4.0

22.6

 

 

 

Losers

Year-on-Year Growth (%)

 

December 2008

November 2008
(revised)

Electrical Machinery

-27.0

-16.6

 

Machinery Except Electrical

-40.2

-41.7

 

Food Manufacturing

-22.1

-19.4

 

Basic Metals

-37.6

-17.4

 

Chemical Products (excluding Plastic Products)

-13.1

0.8

 

Miscellaneous Manufactures

-57.2

-47.9

 

Beverages

-16.0

-1.3

 

Textiles

-38.7

-35.1

 

Transport Equipment

-12.5

-6.9

 

Petroleum Products

-4.8

0.3

 

Publishing and Printing

-29.9

-11.2

 

Furniture and Fixtures

-42.6

-20.3

 

Paper and Paper Products

-14.8

-19.7

 

Footwear and Wearing Apparel

-8.4

-10.3

 

Wood and Wood Products

-22.6

-12.2

 

Rubber and Plastic Products*

-8.6

0.8

 

Leather Products

-29.8

25.3

 

 

 

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

 

Gainers

Month-on-Month Growth (%)

 

December 2008

November 2008
(revised)

 

 

 

Food Manufacturing

6.7

-15.8

 

Beverages

20.3

3.0

 

Machinery Except Electrical

6.4

-20.6

 

Petroleum Products

4.8

-17.6

 

Tobacco Products

19.6

-7.4

 

Footwear and Wearing Apparel

1.0

1.8

 

Wood and Wood Products

1.1

-13.1

 

 

 

 

 

Losers

Month-on-Month Growth (%)

December 2008

November 2008
(revised)

 

Electrical Machinery

-12.3

-16.7

Non-Metallic Mineral Products

-12.5

0.9

Chemical Products (excluding Plastic Products)

-3.9

-6.3

Fabricated Metal Products

-17.8

-1.1

Basic Metals

-3.7

-11.7

Publishing and Printing

-13.3

-15.0

Miscellaneous Manufactures

-6.7

-49.1

Textiles

-6.9

-18.3

Furniture and Fixtures

-14.5

-17.6

Transport Equipment

-2.4

1.2

Leather Products

-44.1

14.0

Rubber and Plastic Products*

-8.2

1.8

Paper and Paper Products

-3.4

-14.3

 

Note:

*  -   new sector in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based December 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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Economic Sector Statistics Service
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