PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : August 2012

Release Date:
October 16, 2012

Table A    Year-on-Year Growth Rates for Production Index, Net Sales
Index and Producer Price Index: August 2012 and July 2012

Total Manufacturing August 2012 July 2012
Year-on-Year Growth    
     Production Index  (2000=100)  
            Value    (VaPI) 3.0 2.5r
            Volume   (VoPI) 3.5 3.7r
     Net Sales Index  (2000=100)  
            Value    (VaNSI) -5.5 -1.7r
            Volume   (VoNSI) -5.0 -0.5r
     Producer Price Index  (2000=100) -0.5r -1.3

r-revised
                                           

  • Value of Production grows in August 2012

    Value of Production Index (VaPI) of the manufacturing industry continued to grow as it posted a year-on-year increase of 3.0 percent in August 2012, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Footwear and wearing apparel contributed significantly to the increase with 73.8 percent growth, followed by major sectors that registered two-digit growth in production value, namely: transport equipment (37.5%), food manufacturing (25.3%), publishing and printing (25.0%), wood and wood products (17.9%), textiles (14.2%), and machinery except electrical (13.7%) . Refer to Tables 1-A and 1.

    On the other hand, on a monthly basis, VaPI continued to decelerate at a slower rate of 0.3 percent in August 2012. Two (2) major sectors exhibited two-digit decreases in production values, namely: leather products (-14.7%) and footwear and wearing apparel (-14.6%). Refer to Tables 1-A and 1.

     

  • Volume of Production grows at a slower pace.

    Volume of Production Index (VoPI) reflected an annual increment of 3.5 percent in August 2012. Sectors that influenced the increase were the following: footwear and wearing apparel (75.1%), furniture and fixtures (43.8%), transport equipment (38.2%), wood and wood products (30.4%), publishing and printing (17.8%), food manufacturing (16.6%), textiles (14.3%) and fabricated metal products (12.6%). Refer to Tables 1-B and 2.

    On a monthly comparison, however, VoPI decreased 1.0 percent in August 2012. Fourteen (14) major sectors experienced drop in factory output and with two-digit decreases in the following: footwear and wearing apparel (-15.0%), leather products (-14.7%), petroleum products (-13.0%) and furniture and fixtures (-12.5%). Refer to Tables 1-B and 2.

 

Figure 1

 

Figure 2

  • Value of Net Sales contracts in August 2012

    Value of Net Sales Index (VaNSI) continued to fall as it posted an annual decrement of 5.5 percent in August 2012. This was attributed to the decline in production values in nine (9) major sectors, offsetting the increases reported by 11 major sectors. Refer to Tables 2-A and 3.

    Likewise, on a month-on-month basis, VaNSI continued to decrease registering at 3.7 percent in August 2012. Two-digit contractions in sales value were noted in the following major sectors: food manufacturing (-12.1%), footwear and wearing apparel (-11.4%) and textiles (-10.7%). Refer to Tables 2-A and 3.

  • Volume of Net Sales declines

    On a year-on-year basis, Volume of Net Sales Index (VoNSI) further fell by 5.0 percent in August 2012. Three (3) of the eight (8) major sectors attributed to the decrease in sales volume, namely: basic metals (-36.1%), petroleum products (-32.8%) and miscellaneous manufactures (-16.6%). Refer to Tables 2-B and 4.

    On a monthly change, VoNSI also dropped 4.4 percent in August 2012. Sectors that influenced the decrease were the following: petroleum products (-14.4%), food manufacturing (-12.3%), footwear and wearing apparel (-11.9%), furniture and fixtures (-11.5%) and textiles (-10.8%). Refer to Tables 2-B and 4.

Figure 3

  • Capacity Utilization in August 2012 is 83.2 percent

    Average capacity utilization in August 2012 for total manufacturing stood at 83.2 percent. Ten of the 20 major sectors registered capacity utilization rates of 80 percent or more, namely:

    • petroleum products (87.5%)
    • basic metals (86.6%)
    • food manufacturing (86.3%)
    • electrical machinery (85.0%)
    • machinery except electrical (84.4%)
    • non-metallic mineral products (83.4%)
    • rubber and plastic products (82.2%)
    • chemical products (82.2%)
    • paper and paper products (81.6%)
    • miscellaneous manufactures (81.5%)

    The proportion of establishments that operated at full capacity (90% to 100%) was 18.4 percent in August 2012. About 57.9 percent of the establishments operated at 70% to 89% capacity while 23.7 percent of the establishments operated below 70% capacity.

Table B   Distribution of Key Manufacturing Establishments by Capacity Utilization
for Total Manufacturing:  August 2012

Capacity Utilization Percent Share
Below 50 percent 5.2
50 percent - 59 percent 6.1
60 percent - 69 percent 12.4
70 percent - 79 percent 18.6
80 percent - 89 percent 39.3
90 percent - 100 percent 18.4

                    


TECHNICAL NOTES

  • Introduction

    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.

    Beginning with the January 2012 MISSI, the monthly report for the survey will be released earlier, that is, 45 days after each reference month instead of the 55 days.

    The indicators generated from the 2012 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 2012 Producer Price Index as deflator.

  • Method of Index Computation

    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).

    For the 2012 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 weights are computed from the value of products sold plus change in inventories.

    The formulas in the computation are as follows:

    Figure 1

    Figure 2

    Figure 3

    Figure 4

    Figure 5

    Figure 6

    Figure 7

    Figure 8

    Figure 9

  • Industry Coverage

    The industry coverage of the 2012 MISSI conforms with the amended 1994 PSIC groupings. There are 20 major sectors as shown below with 10 further disaggregated into sub-sectors.

     
    1994 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, 37 and 39 Miscellaneous manufactures

                                    Note: * - Major sectors categorized into sub-sectors

     

  • Response Rate

    The response rates for the August 2012 MISSI and 2012 PPS are 81.9 percent and 93.6 percent, respectively. Refer to Tables 7 and 8

 Table C   Response Rates for Total Manufacturing
           (In percent)

  August 2012 July 2012
(revised)
MISSI 81.9 90.3r
PPS 93.6r 96.7r

 

Data of non-responding sample establishments are estimated based on previous records and other available sources. Revisions to the preliminary estimated are done upon receipt of actual reports of late respondents.

 

(Sgd.) CARMELITA N. ERICTA
          Administrator


TABLE 1-A Value of Production Index, July 2012 - August 2012
(2000=100)

 
Gainers Year-on-Year Growth (%)
August 2012 July 2012
(revised)

Food Manufacturing

25.3

16.2

Footwear and Wearing Apparel

73.8

80.2

Transport Equipment

37.5

25.3

Machinery Except Electrical

13.7

10.3

Electrical Machinery

1.6

3.8

Publishing and Printing

25.0

-16.5

Textiles

14.2

6.9

Fabricated Metal Products

6.9

12.9

Wood and Wood Products

17.9

10.3

Furniture and Fixtures

3.4

-11.7

Rubber and Plastic Products

0.2

3.7

 

Losers Year-on-Year Growth (%)
August 2012 July 2012
(revised)

Petroleum Products

-17.9

-4.7

Basic Metals

-20.7

-44.9

Tobacco Products

-34.7

-33.3

Miscellaneous Manufactures

-31.4

-18.4

Non-Metallic Mineral Products

-12.8

1/

Paper and Paper Products

-18.5

-17.8

Chemical Products

-2.9

-1.3

Beverages

-2.2

7.3

Leather Products

-15.5

-6.2

 

TABLE 1-A. Value of Production Index, July 2012 - August 2012 (concluded)
(2000=100)

 
Gainers Month-on-Month Growth (%)
August 2012 July 2012
(revised)

Basic Metals

28.1

-1.9

Chemical Products

6.0

-11.2

Transport Equipment

7.3

-4.0

Tobacco Products

6.9

-15.1

Electrical Machinery

0.5

-4.1

Wood and Wood Products

14.5

-19.1

Publishing and Printing

2.0

-3.2

Paper and Paper Products

1.2

-5.0

 

Losers Month-on-Month Growth (%)
August 2012 July 2012
(revised)

Petroleum Products

-7.4

9.4

Machinery Except Electrical

-5.1

5.3

Footwear and Wearing Apparel

-14.6

5.0

Beverages

-9.3

-12.4

Food Manufacturing

-1.1

-6.2

Non-Metallic Mineral Products

-6.1

-3.9

Textiles

-5.6

-4.3

Rubber and Plastic Products

-2.9

0.1

Leather Products

-14.7

-17.0

Miscellaneous Manufactures

-1.4

-1.9

Fabricated Metal Products

-0.7

5.5

Furniture and Fixtures

-1.0

-38.2

Notes:

1/ - Less than 0.1 percent increase

Sectors are ranked according to their contribution to the overall 2000-based August 2012 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, July 2012 - August 2012
(2000=100)

 
Gainers Year-on-Year Growth (%)
August 2012 July 2012
(revised)

Food Manufacturing

16.6

8.8

Footwear and Wearing Apparel

75.1

83.2

Transport Equipment

38.2

25.5

Electrical Machinery

8.8

11.6

Machinery Except Electrical

8.9

5.9

Furniture and Fixtures

43.8

34.3

Textiles

14.3

7.4

Publishing and Printing

17.8

-21.3

Fabricated Metal Products

12.6

18.9

Wood and Wood Products

30.4

22.0

 

Losers Year-on-Year Growth (%)
August 2012 July 2012
(revised)

Petroleum Products

-19.9

-1.5

Tobacco Products

-34.3

-32.9

Miscellaneous Manufactures

-30.7

-14.9

Basic Metals

-13.1

-40.7

Paper and Paper Products

-19.9

-15.6

Non-Metallic Mineral Products

-10.8

1.6

Rubber and Plastic Products

-5.4

-2.2

Beverages

-2.2

7.2

Chemical Products

-0.6

-0.1

Leather Products

-12.2

-2.5

 

TABLE 1-B. Volume of Production Index, July 2012 - August 2012 (concluded)
(2000=100)

 
Gainers Month-on-Month Growth (%)
August 2012 July 2012
(revised)

Basic Metals

29.6

-2.9

Chemical Products

10.4

-12.3

Transport Equipment

8.0

-2.5

Tobacco Products

6.9

-15.1

Wood and Wood Products

14.5

-18.8

Publishing and Printing

2.0

-3.2

 

Losers Month-on-Month Growth (%)
August 2012 July 2012
(revised)

Petroleum Products

-13.0

4.7

Machinery Except Electrical

-5.8

4.0

Footwear and Wearing Apparel

-15.0

6.8

Beverages

-9.3

-12.4

Food Manufacturing

-1.3

-5.0

Non-Metallic Mineral Products

-6.7

-4.5

Textiles

-5.7

-4.2

Furniture and Fixtures

-12.5

-25.5

Rubber and Plastic Products

-3.0

0.1

Electrical Machinery

-0.2

3.6

Leather Products

-14.7

-17.0

Paper and Paper Products

-1.7

-4.0

Fabricated Metal Products

-1.5

6.3

Miscellaneous Manufactures

-1.1

1.4

Notes

Sectors are ranked according to their contribution to the overall 2000-based August 2012 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, July 2012 - August 2012
(2000=100)

 
Gainers Year-on-Year Growth (%)
August 2012 July 2012
(revised)

Machinery Except Electrical

26.5

15.8

Footwear and Wearing Apparel

80.0

87.4

Transport Equipment

47.6

35.6

Food Manufacturing

10.4

10.6

Textiles

99.3

87.8

Non-Metallic Mineral Products

28.6

19.4

Publishing and Printing

17.7

-43.4

Rubber and Plastic Products

11.5

11.5

Fabricated Metal Products

7.8

13.8

Wood and Wood Products

7.2

8.2

Tobacco Products

0.6

-11.8

 

Losers Year-on-Year Growth (%)
August 2012 July 2012
(revised)

Petroleum Products

-31.1

4.3

Basic Metals

-41.7

-62.3

Electrical Machinery

-7.9

-8.0

Chemical Products

-6.2

-3.9

Miscellaneous Manufactures

-17.3

-7.7

Paper and Paper Products

-8.3

-11.8

Furniture and Fixtures

-11.3

-22.3

Beverages

-0.8

3.8

Leather Products

-12.7

-14.3

 

TABLE 2-A. Value of Net Sales Index, July 2012 - August 2012 (concluded)
(2000=100)

 
Gainers Month-on-Month Growth (%)
August 2012 July 2012
(revised)

Basic Metals

35.6

-12.5

Machinery Except Electrical

5.0

-8.2

Publishing and Printing

33.0

-9.0

Non-Metallic Mineral Products

9.5

-9.7

Tobacco Products

8.7

0.6

Wood and Wood Products

7.2

-19.3

Rubber and Plastic Products

2.9

0.1

Miscellaneous Manufactures

1.2

-7.3

Transport Equipment

0.6

6.4

Leather Products

3.5

-20.5

Furniture and Fixtures

0.3

-3.0

 

Losers Month-on-Month Growth (%)
August 2012 July 2012
(revised)

Food Manufacturing

-12.1

-6.4

Petroleum Products

-8.9

13.0

Chemical Products

-5.3

-0.8

Beverages

-9.4

-19.3

Footwear and Wearing Apparel

-11.4

-15.9

Textiles

-10.7

11.3

Electrical Machinery

-0.9

-9.7

Fabricated Metal Products

-4.3

2.9

Paper and Paper Products

-3.0

-8.3

Note:

Sectors are ranked according to their contribution to the overall 2000-based August 2012 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, July 2012 - August 2012
(2000=100)

 
Gainers Year-on-Year Growth (%)
August 2012 July 2012
(revised)

Footwear and Wearing Apparel

81.3

90.5

Transport Equipment

48.3

35.8

Machinery Except Electrical

21.1

11.1

Textiles

99.6

88.6

Non-Metallic Mineral Products

31.6

21.4

Food Manufacturing

2.8

3.5

Fabricated Metal Products

13.6

19.9

Furniture and Fixtures

23.4

18.2

Publishing and Printing

10.9

-46.7

Wood and Wood Products

18.6

19.7

Rubber and Plastic Products

5.3

6.2

Tobacco Products

1.2

-11.3

 

Losers Year-on-Year Growth (%)
August 2012 July 2012
(revised)

Petroleum Products

-32.8

7.8

Basic Metals

-36.1

-59.4

Chemical Products

-3.9

-2.8

Miscellaneous Manufactures

-16.6

-3.7

Electrical Machinery

-1.4

-1.1

Paper and Paper Products

-9.8

-9.4

Beverages

-0.8

3.7

Leather Products

-9.3

-11.0

 

TABLE 2-B. Volume of Net Sales Index, July 2012 - August 2012 (concluded)
(2000=100)

 
Gainers Month-on-Month Growth (%)
August 2012 July 2012
(revised)

Basic Metals

37.2

-13.4

Machinery Except Electrical

4.1

-9.4

Publishing and Printing

33.0

-9.0

Non-Metallic Mineral Products

8.8

-10.2

Tobacco Products

8.7

0.6

Transport Equipment

1.2

8.0

Wood and Wood Products

7.2

-19.1

Rubber and Plastic Products

2.8

-0.1

Miscellaneous Manufactures

1.6

-4.2

Leather Products

3.5

-20.5

 

Losers Month-on-Month Growth (%)
August 2012 July 2012
(revised)

Food Manufacturing

-12.3

-5.2

Petroleum Products

-14.4

8.1

Beverages

-9.4

-19.3

Footwear and Wearing Apparel

-11.9

-14.5

Electrical Machinery

-1.6

-2.4

Textiles

-10.8

11.4

Chemical Products

-1.3

-2.1

Paper and Paper Products

-5.8

-7.3

Furniture and Fixtures

-11.5

17.0

Fabricated Metal Products

-5.1

3.6

Note:

Sectors are ranked according to their contribution to the overall 2000-based August 2012 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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