PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : December 2010

Release Date:
February 25, 2011

 

Total Manufacturing

   December 2010    

November 2010

 

 

Year-on-Year Growth

 

 

    Production Index (2000=100)

 

     

 

            Value         (VaPI)

6.6

7.8r

     

 

            Volume     (VoPI)

13.3

16.2r

     

 

    Net Sales Index (2000=100)

 

     

 

            Value        (VaNSI)

6.2

4.5r

     

 

            Volume     (VoNSI)

12.8

12.6r

     

 

    Producer Price Index (2000=100)

-6.2r

-7.2r

     

 

    AVERAGE CAPACITY UTILIZATION

83.5

83.4r

     

 

             r-revised
                                           

·  Value of Production posts positive growth in December 2010

Value of Production Index (VaPI) for total manufacturing grew at a slower rate of 6.6 percent in December 2010, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was mainly due to the slowdown in the growth of the food manufacturing sector. However, the major contributing sectors with significant increases in value of production were: miscellaneous manufactures (44.0%), petroleum products (24.4%), textiles (20.2%), basic metals (19.4%), fabricated metal products (15.9%), and beverages (11.2%). Refer to Tables 1-A and 1.

On a monthly basis, VaPI likewise grew further by 2.3 percent in December 2010 from the previous month's increase of 0.7 percent. The two-digit increments reported by three major sectors were sizeable enough to offset the two-digit decreases registered in production value of four industry groups. Refer to Tables 1-A and 1.

·  Volume of Production maintains its two-digit growth in December 2010

Volume of Production Index (VoPI) registered a slower annual growth of 13.3 percent in December 2010. This can be attributed mainly to the slowdown in the annual growth of food manufacturing. However, fourteen major sectors reported increases in production output, which was strongly manifested by the two-digit increase in the following: miscellaneous manufactures, electrical machinery, basic metals, textiles, machinery except electrical, petroleum products and beverages. Refer to Tables 1-B and 2.

VoPI, likewise, sustained a month-on-month growth of 1.0 percent in December 2010. This was due to the two-digit increases by three (3) major sectors led by footwear and wearing apparel (22.4%), offsetting the decreases reported by 12 major sectors. Refer to Tables 1-B and 2.

·  Value of Net Sales grows further

On a year-on-year basis, Value of Net Sales Index (VaNSI) inched further to 6.2 percent in December 2010 from the 4.5 percent growth recorded the previous month. This was attributed to the two-digit increase in sales value reported by the following: miscellaneous manufactures, textiles, leather products, transport equipment, basic metals, rubber and plastic products, beverages and food manufacturing. Refer to Tables 2-A and 3.

VaNSI, on a monthly comparison reflected an increase of 5.3 percent in December 2010. Major sectors with two-digit increases were the following: footwear and wearing apparel, beverages, transport equipment, and leather products. Refer to Tables 2-A and 3.

·  Volume of Net Sales sustains two-digit increase

Volume of Net Sales Index (VoNSI) recorded a year-on-year increment of 12.8 percent in December 2010. Among the 12 major sectors exhibiting increases in sales output, nine sectors significantly contributed to the growth, namely: miscellaneous manufactures, textiles, electrical machinery, basic metals, transport equipment, rubber and plastic products, paper and paper products, beverages and leather products. Refer to Tables 2-B and 4.

VoNSI, on a month-on-month basis, continued to gain at a slower rate of 4.0 percent in December 2010. This was accounted for by the slowdown in the month-on-month growth rate of the food manufacturing sector. Meanwhile, double-digit increases were observed in four major sectors namely: footwear and wearing apparel, beverages, transport equipment and leather products. Refer to Tables 2-B and 4.

·  Capacity Utilization

Average capacity utilization in December 2010 for total manufacturing stood at 83.5 percent. Eleven major sectors registered capacity utilization rates of 80 percent and more, namely: basic metals, food manufacturing, petroleum products, machinery except electrical, electrical machinery, non -metallic mineral products, miscellaneous manufactures, paper and paper products, chemical products, rubber and plastic products and leather products. Refer to Table 6.

The proportion of establishments that operated at full capacity (90% to 100%) was 17.7 percent in December 2010. About 60.3 percent of the establishments operated at 70% to 89% capacity while 22.0 percent of the establishments operated below 70% capacity.

Distribution of Key Manufacturing Establishments by Capacity Utilization
Total Manufacturing, December 2010

(In percent)

Capacity Utilization

Percent Share

Below 50 percent

4.3

50 percent - 59 percent

6.9

60 percent - 69 percent

10.8

70 percent - 79 percent

20.7

80 percent - 89 percent

39.6

90 percent - 100 percent

17.7

 

·  Response Rates

The response rates for the December 2010 MISSI and PPS are 82.8 percent and 91.0 percent, respectively. Refer to Tables 7 and 8

Response Rates for Total Manufacturing
(In percent)

 

December 2010

November 2010
(revised)

MISSI

82.8

91.6r

PPS

91.0r

98.1r

 

                                       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, November 2010 - December 2010
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

December 2010

November 2010
(revised)

 

 

 

Petroleum Products

24.4

15.8

 

Food Manufacturing

7.4

15.4

 

Miscellaneous Manufactures

44.0

29.5

 

Basic Metals

19.4

11.2

 

Beverages

11.2

10.0

 

Textiles

20.2

10.9

 

Rubber and Plastic Products*

8.4

15.6

 

Fabricated Metal Products

15.9

12.9

 

Electrical Machinery

1.1

-2.5

 

Transport Equipment

3.7

9.5

 

Footwear and Wearing Apparel

2.9

-13.3

 

Publishing and Printing

6.9

-9.3

 

Leather Products

9.0

-1.3

 

 

 

 

 

Losers

Year-on-Year Growth (%)

December 2010

November 2010
(revised)

 

Tobacco Products

-69.8

-59.6

Chemical Products

-14.4

-3.5

Machinery Except Electrical

-6.4

-9.3

Wood and Wood Products

-21.8

19.2

Non-Metallic Mineral Products

-3.9

1.6

Paper and Paper Products

-4.7

1.7

Furniture and Fixtures

-0.4

-1.8

 

 

TABLE 1-A. Value of Production Index, November 2010 - December 2010 (concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

December 2010

November 2010
(revised)

 

 

 

Electrical Machinery

7.6

0.7

 

Food Manufacturing

4.1

7.0

 

Footwear and Wearing Apparel

22.4

-19.8

 

Basic Metals

14.1

-10.9

 

Beverages

11.6

2.8

 

Petroleum Products

2.5

3.3

 

Furniture and Fixtures

9.2

6.8

 

Non-Metallic Mineral Products

1.8

-4.4

 

Textiles

2.8

-0.6

 

Machinery Except Electrical

0.3

0.3

 

 

 

 

 

Losers

Month-on-Month Growth (%)

December 2010

November 2010
(revised)

 

Transport Equipment

-19.2

-1.9

Tobacco Products

-42.1

12.1

Chemical Products

-10.8

-4.1

Paper and Paper Products

-9.8

-7.5

Rubber and Plastic Products*

-6.0

1.4

Wood and Wood Products

-26.0

22.7

Miscellaneous Manufactures

-4.9

-15.4

Fabricated Metal Products

-5.0

-6.0

Publishing and Printing

-1.4

-1.3

Leather Products

-5.5

21.9

 

Notes:

* - new sector in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based December 2010 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 2010 - December 2010
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

December 2010

November 2010
(revised)

 

 

 

Electrical Machinery

22.7

19.9

 

Machinery Except Electrical

16.9

14.7

 

Petroleum Products

11.4

9.8

 

Miscellaneous Manufactures

48.5

32.5

 

Basic Metals

21.2

14.5

 

Food Manufacturing

2.7

11.4

 

Beverages

10.1

8.8

 

Textiles

17.5

9.6

 

Rubber and Plastic Products*

7.5

12.6

 

Transport Equipment

3.1

10.1

 

Fabricated Metal Products

8.5

6.6

 

Furniture and Fixtures

7.7

10.1

 

Publishing and Printing

3.3

-12.3

 

Paper and Paper Products

1.5

9.3

 

 

 

 

 

Losers

Year-on-Year Growth (%)

December 2010

November 2010
(revised)

 

Tobacco Products

-70.7

-60.8

Chemical Products

-13.1

-2.0

Footwear and Wearing Apparel

-5.7

-22.2

Non-Metallic Mineral Products

-5.0

3.9

Wood and Wood Products

-21.9

19.2

Leather Products

-5.1

-14.1

 

 

TABLE 1-B. Volume of Production Index, November 2010 - December 2010(concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

December 2010

November 2010
(revised)

 

Electrical Machinery

6.1

3.3

Footwear and Wearing Apparel

22.4

-20.3

 

Food Manufacturing

3.5

6.2

 

Beverages

11.6

2.8

 

Basic Metals

11.8

-11.5

 

Furniture and Fixtures

5.1

4.7

 

Textiles

1.5

-2.1

 

Non-Metallic Mineral Products

0.1

1.7

 

 

 

Losers

Month-on-Month Growth (%)

 

December 2010 November 2010
(revised)

Transport Equipment

-19.7

-1.5

 

Tobacco Products

-42.1

12.1

 

Chemical Products

-10.4

-3.5

 

Machinery Except Electrical

-2.1

2.1

 

Paper and Paper Products

-9.8

-2.0

 

Rubber and Plastic Products*

-6.6

0.7

 

Wood and Wood Products

-26.0

22.7

 

Petroleum Products

-1.1

-2.1

 

Fabricated Metal Products

-5.0

-6.9

 

Miscellaneous Manufactures

-3.1

-18.4

 

Publishing and Printing

-1.4

-1.3

 

Leather Products

-5.5

21.9

 

 

Notes

* - new sector in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based December 2010 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 2010 - December 2010
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

December 2010

November 2010
(revised)

 

 

 

Food Manufacturing

11.6

13.0

 

Petroleum Products

8.6

15.3

 

Basic Metals

19.0

11.5

 

Transport Equipment

19.2

-1.2

 

Miscellaneous Manufactures

39.1

8.7

 

Beverages

11.9

7.2

 

Textiles

27.3

16.3

 

Rubber and Plastic Products*

17.0

17.1

 

Electrical Machinery

0.9

-6.2

 

Footwear and Wearing Apparel

5.1

-8.7

 

Paper and Paper Products

5.5

16.7

 

Fabricated Metal Products

3.3

6.2

 

Leather Products

26.4

-4.3

 

 

 

 

 

Losers

Year-on-Year Growth (%)

December 2010

November 2010
(revised)

 

Machinery Except Electrical

-14.6

-20.7

Tobacco Products

-70.7

-71.9

Publishing and Printing

-32.5

-1.8

Non-Metallic Mineral Products

-6.6

-1.3

Chemical Products

-1.4

5.0

Wood and Wood Products

-19.1

-12.2

Furniture and Fixtures

-11.4

21.9

 

 

TABLE 2-A. Value of Net Sales Index, November 2010 - December 2010
(concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

December 2010

November 2010
(revised)

 

 

 

Electrical Machinery

9.8

-6.9

 

Food Manufacturing

6.7

19.0

 

Beverages

19.7

3.3

 

Footwear and Wearing Apparel

27.4

-10.8

 

Transport Equipment

17.2

-10.3

 

Petroleum Products

5.3

3.7

 

Basic Metals

8.6

6.6

 

Leather Products

14.9

-5.1

 

Wood and Wood Products

5.9

-7.6

 

Machinery Except Electrical

0.2

0.7

 

Miscellaneous Manufactures

a/

-26.3

 

 

 

 

 

Losers

Month-on-Month Growth (%)

December 2010

November 2010
(revised)

 

Chemical Products

-7.7

-2.5

Tobacco Products

-22.3

53.0

Paper and Paper Products

-10.9

7.4

Non-Metallic Mineral Products

-6.4

4.1

Furniture and Fixtures

-16.9

21.7

Publishing and Printing

-4.8

-17.4

Fabricated Metal Products

-3.2

-3.1

Textiles

-2.5

-2.7

Rubber and Plastic Products*

-2.0

-24.4

 

Note:

* - 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 December 2010 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 2010 - December 2010
(2000=100)
 

 

Gainers

Year-on-Year Growth (%)

 

December 2010

November 2010
(revised)

 

Electrical Machinery

22.5

15.4

Food Manufacturing

6.8

9.1

 

Basic Metals

20.8

14.8

 

Miscellaneous Manufactures

43.5

11.2

 

Transport Equipment

18.5

-0.6

 

Machinery Except Electrical

6.6

0.3

 

Beverages

10.8

6.1

 

Textiles

24.4

15.0

 

Paper and Paper Products

12.4

25.5

 

Rubber and Plastic Products*

16.1

14.0

 

Chemical Products

0.1

6.6

 

Leather Products

10.0

-16.7

 

 

 

Losers

Year-on-Year Growth (%)

 

December 2010 November 2010
(revised)

Tobacco Products

-71.6

-72.8

 

Publishing and Printing

-34.7

-5.1

 

Petroleum Products

-2.8

9.4

 

Non-Metallic Mineral Products

-7.7

1.0

 

Footwear and Wearing Apparel

-3.7

-18.0

 

Wood and Wood Products

-19.1

-12.2

 

Furniture and Fixtures

-4.3

36.6

 

Fabricated Metal Products

-3.3

0.4

 

 

 

TABLE 2-B. Volume of Net Sales Index, November 2010 - December 2010
(concluded)
(2000=100)
 

 

Gainers

Month-on-Month Growth (%)

 

December 2010

November 2010
(revised)

 

 

 

Electrical Machinery

8.2

-4.5

 

Food Manufacturing

6.1

18.2

 

Beverages

19.7

3.3

 

Footwear and Wearing Apparel

27.4

-11.4

 

Transport Equipment

16.5

-9.9

 

Basic Metals

6.4

6.0

 

Petroleum Products

1.7

-1.7

 

Miscellaneous Manufactures

2.0

-28.9

 

Leather Products

14.9

-5.1

 

Wood and Wood Products

5.9

-7.6

 

 

 

 

 

Losers

Month-on-Month Growth (%)

December 2010

November 2010
(revised)

 

Chemical Products

-7.3

-1.9

Tobacco Products

-22.3

53.0

Non-Metallic Mineral Products

-8.0

4.4

Machinery Except Electrical

-2.2

2.5

Paper and Paper Products

-10.9

13.7

Furniture and Fixtures

-20.1

19.4

Textiles

-3.7

-4.2

Publishing and Printing

-4.8

-17.4

Fabricated Metal Products

-3.2

-4.1

Rubber and Plastic Products*

-2.6

-25.0

 

Note:

*  -   new sector in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based December 2010 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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