PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : September 2012

Release Date:
November 15, 2012

 

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

 

TOTAL MANUFACTURING

   SEPTEMBER     
2012
AUGUST
2012

YEAR-ON-YEAR GROWTH

 

 

   Production Index (2000=100)

 

 

                 Value  (VaPI)

           6.7

            4.2r

                Volume  (VoPI)

           8.0

           4.4r

      Net Sales Index (2000=100)

 

 

                Value  (VaNSI)

           2.3

          -3.6r

               Volume  (VoNSI)

           3.6

          -3.4r

     Producer Price Index (2000=100)

          -1.2r

        -0.2

                                     r - revised                    

 

  •     Value of Production maintains an upward trend in September 2012

Value of Production Index (VaPI) of the manufacturing industry recorded a year-on-year growth of 6.7 percent in September 2012, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Five major sectors accounted for the significant growth in production, namely: machinery except electrical (28.0%), transport equipment (27.5%), footwear and wearing apparel (24.5%), food manufacturing (20.7%) and basic metals (12.4%). Refer to Tables 1-A and 1.

On a monthly basis, VaPI posted a modest growth of 1.0 percent in September 2012. Three major sectors exhibited two-digit increases in production values, namely: leather products (21.2%), beverages (21.2%), and basic metals (19.2%). Refer to Tables 1-A and 1.

 

  •     Volume of Production increases in September 2012

Volume of Production Index (VoPI) continued to grow as it posted an annual increment of 8.0 percent in September 2012. This maybe attributed to the expansion in production output observed in 10 major sectors, with two-digit increases reported by the following: transport equipment (28.5%), footwear and wearing apparel (27.7%), machinery except electrical (27.4%), wood and wood products (21.4%), basic metals (18.8%), electrical machinery (15.7%),food manufacturing (14.3%) and chemical products (11.1%).  Refer to Tables 1-B and 2.

Likewise, VoPI exhibited a month-on-month growth of 1.4 percent in September 2012 from a negative rate of 0.2 percent in the previous month. Twelve major sectors reported output growth, with two-digit increases in beverages (21.2%), leather products (21.2%) and basic metals  (19.2%). Refer to Tables 1-B and 2.

 

 

  •     Value of Net Sales steps up in September 2012

Value of Net Sales Index (VaNSI) rebounded as it posted an annual increment of 2.3 percent in September 2012 from the 3.6 percent decline in the previous month. Eight of the 11 major sectors strongly influenced the increase in sales, namely: textiles (73.4%), footwear and wearing apparel (50.6%), publishing and printing (39.8%), non-metallic mineral products (38.4%), transport equipment (36.6%), machinery except electrical (23.5%), beverages (11.6%) and electrical machinery (11.0%). Refer to Tables 2-A and 3.

On a month-on-month comparison, VaNSI modestly expanded by 0.9 percent, a turnaround from its 1.9 percent slide in the last month. Four of the 12 major sectors significantly contributed to the increase, as follows: beverages (29.5%), furniture and fixtures (23.6%), basic metals (18.3%) and footwear and wearing apparel (10.2%). Refer to Tables 2-A and 3.

 

  •     Volume of Net Sales likewise recovers

On a year-on-year basis, Volume of Net Sales Index (VoNSI) climbed 3.6 percent in September 2012. Textiles contributed significantly to the increase with 71.8 percent growth, followed by major sectors that registered two-digit growth in net sales volume, namely: footwear and wearing apparel (54.5%), non-metallic mineral products (42.0%), transport equipment (37.6%), publishing and printing (31.8%), machinery except electrical (22.9%), electrical machinery (22.1%), wood and wood products (18.5%) and beverages (11.5%). Refer to Tables 2-B and 4.

On a month-on-month change, VoNSI also expanded by 1.3 percent in September 2012 from a negative growth rate of 2.9 percent in the previous month. Sectors that influenced the increase were the following: beverages (29.5%), furniture and fixtures (25.5%), basic metals (18.4%) and footwear and wearing apparel (10.9%). Refer  to  Tables 2-B and 4.

 

 

  •     Capacity Utilization in September 2012 is 83.3

Average capacity utilization in September 2012 for total manufacturing stood at 83.3 percent. Eleven of the 20 major sectors registered capacity utilization rates of 80 percent or more, namely:

  • petroleum products (87.6%)
  • basic metals (87.0%)
  • food manufacturing (86.1%)
  • electrical machinery (85.4%)
  • machinery except electrical (84.4%)
  • non-metallic mineral products (83.4%)
  • chemical products (82.3%)
  • rubber and plastic products (82.0%)
  • paper and paper products (81.4%)
  • miscellaneous manufactures (81.4%)
  • wood and wood products (80.0%).

The proportion of establishments that operated at full capacity (90% to 100%) was 18.6 percent in September 2012.  About 57.8 percent of the establishments operated at 70% to 89% capacity while 23.6 percent of the establishments operated below 70% capacity. Refer to Table 6.

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

Capacity Utilization

Percent Share

Below 50%

    5.2

50% - 59%

    6.0

60% - 69%

  12.4

70% - 79%

  18.5

80% - 89%

  39.3

 90% - 100%

  18.6

 


TECHNICAL NOTES

 

  •     Introduction

The Monthly Integrated Survey of Selected Industries (MISSI) is one of the designated statistical activities undertaken by the National Statistics Office with the objective of providing 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 was 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:

Value of Production Index (VaPI)

 

  •     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.

         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 September 2012 MISSI and PPS are 80.7 percent and 90.0 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates For Total Manufacturing
(In percent)

 

September 2012

August 2012
(Revised)

MISSI

80.7

91.3r

PPS

90.0r

96.4r

                                                    r - revised

 

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, August – September 2012

   (2000 =100)

Gainers

Year-on-Year Growth (%)

September 2012
August 2012
(revised)

Food Manufacturing

20.7

25.1

Machinery Except Electrical

28.0

16.2

Transport Equipment

27.5

38.1

Electrical Machinery

5.2

12.2

Footwear and Wearing Apparel

24.5

68.7

Chemical Products

9.7

-4.9

Basic Metals

12.4

-20.3

Beverages

4.0

-3.9

Wood and Wood Products

7.7

12.8

Rubber and Plastic Products

0.5

1/

 

Losers

Year-on-Year Growth (%)

September 2012
August 2012
(revised)

Petroleum Products

-7.0

-17.9

Tobacco Products

-33.7

-37.3

Miscellaneous Manufactures

-23.4

-31.4

Non-Metallic Mineral Products

-13.4

-13.7

Paper and Paper Products

-17.6

-18.2

Textiles

-12.0

4.3

Fabricated Metal Products

-9.6

5.0

Furniture and Fixtures

-7.8

3.4

Publishing and Printing

-4.2

24.8

Leather Products

-13.5

-14.6

 

TABLE 1-A  Value of Production Index, August – September 2012

(2000 = 100) (concluded)

Gainers

Month-on-Month Growth (%)

September 2012
August 2012
(revised)

Beverages

21.2

-10.8

Basic Metals

19.2

28.8

Petroleum Products

7.0

-7.4

Machinery Except Electrical

5.4

-3.0

Chemical Products

5.2

2.9

Miscellaneous Manufactures

7.4

-1.8

Textiles

5.3

-9.7

Non-Metallic Mineral Products

2.0

-7.4

Furniture and Fixtures

6.5

-1.0

Leather Products

21.2

-13.8

Tobacco Products

0.7

2.6

Wood and Wood Products

0.1

15.5

 

Losers

Month-on-Month Growth (%)

September 2012
August 2012
(revised)

Electrical Machinery

-7.4

11.0

Footwear and Wearing Apparel

-12.9

-13.9

Food Manufacturing

-1.6

-1.2

Transport Equipment

-4.6

6.5

Fabricated Metal Products

-10.7

-0.9

Rubber and Plastic Products

-2.8

-3.2

Paper and Paper Products

-3.5

1.0

Publishing and Printing

-0.3

-11.0

 
 Note:   
 
        1/ - Less than 0.1 percent increase
        Sectors are ranked according to their contribution to the overall 2000-based September 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, August – September 2012

(2000 = 100)

Gainers

Year-on-Year Growth (%)

September 2012

August 2012
(revised)

Electrical Machinery

15.7

20.3

Machinery Except Electrical

27.4

11.2

Food Manufacturing

14.3

16.4

Transport Equipment

28.5

37.0

Footwear and Wearing Apparel

27.7

69.1

Basic Metals

18.8

-12.6

Chemical Products

11.1

-2.7

Beverages

4.0

-3.9

Wood and Wood Products

21.4

24.4

Furniture and Fixtures

1.5

34.4

 

Losers

Year-on-Year Growth (%)

September 2012
August 2012
(revised)

Petroleum Products

-9.7

-19.9

Tobacco Products

-33.2

-36.9

Miscellaneous Manufactures

-19.0

-30.8

Paper and Paper Products

-17.5

-19.6

Non-Metallic Mineral Products

-11.1

-11.6

Textiles

-12.9

4.3

Rubber and Plastic Products

-4.7

-5.2

Publishing and Printing

-9.8

17.6

Fabricated Metal Products

-7.4

10.7

Leather Products

-9.8

-11.3

 

TABLE 1-B  Volume of Production Index, August – September 2012

(2000 = 100) (concluded)

Gainers

Month-on-Month Growth (%)

September 2012
August 2012
(revised)

Beverages

21.2

-10.8

Basic Metals

19.2

30.5

Machinery Except Electrical

6.4

-3.8

Petroleum Products

5.1

-13.0

Chemical Products

2.9

7.1

Miscellaneous Manufactures

7.8

-1.5

Textiles

5.2

-9.9

Furniture and Fixtures

8.1

-18.3

Leather Products

21.2

-13.8

Non-Metallic Mineral Products

1.2

-8.0

Tobacco Products

0.7

2.6

Wood and Wood Products

2.2

15.2

 

Losers

Month-on-Month Growth (%)

September 2012
August 2012
(revised)

Electrical Machinery

-6.4

10.4

Footwear and Wearing Apparel

-12.3

-14.8

Fabricated Metal Products

-12.1

-1.8

Transport Equipment

-4.0

5.2

Rubber and Plastic Products

-3.2

-2.8

Paper and Paper Products

-3.1

-1.9

Food Manufacturing

-0.3

-1.3

Publishing and Printing

-0.3

-11.0

 

 Note: 

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

(2000 =100)

Gainers

Year-on-Year Growth (%)

September 2012

August 2012
(revised)

Machinery Except Electrical

23.5

24.5

Electrical Machinery

11.0

0.3

Transport Equipment

36.6

49.1

Footwear and Wearing Apparel

50.6

72.5

Textiles

73.4

98.5

Non-Metallic Mineral Products

38.4

27.8

Food Manufacturing

4.3

14.6

Beverages

11.6

-0.8

Publishing and Printing

39.8

54.2

Wood and Wood Products

5.2

6.9

Rubber and Plastic Products

2.0

3.8

 

Losers

Year-on-Year Growth (%)

September 2012
August 2012
(revised)

Basic Metals

-24.8

-41.6

Petroleum Products

-9.6

-31.1

Chemical Products

-10.9

-7.9

Tobacco Products

-25.7

-0.9

Miscellaneous Manufactures

-14.2

-17.2

Paper and Paper Products

-4.9

-9.0

Fabricated Metal Products

-5.0

6.8

Leather Products

-11.0

-12.9

Furniture and Fixtures

-3.1

-11.3

 

TABLE 2-A  Value of Net Sales Index, August – September 2012

(2000 = 100) (concluded)

Gainers

Month-on-Month Growth (%)

September 2012
August 2012
(revised)

Beverages

29.5

-9.4

Basic Metals

18.3

35.9

Chemical Products

4.6

-5.4

Footwear and Wearing Apparel

10.2

-12.0

Electrical Machinery

1.3

7.7

Furniture and Fixtures

23.6

0.3

Miscellaneous Manufactures

6.7

1.3

Non-Metallic Mineral Products

4.1

3.6

Textiles

6.3

-12.1

Paper and Paper Products

3.8

-3.7

Wood and Wood Products

2.7

6.9

Rubber and Plastic Products

1.3

1.3

 

Losers

Month-on-Month Growth (%)

September 2012
August 2012
(revised)

Food Manufacturing

-6.1

-8.5

Petroleum Products

-5.1

-8.9

Publishing and Printing

-18.5

23.2

Machinery Except Electrical

-1.7

3.7

Fabricated Metal Products

-6.7

3.2

Leather Products

-4.0

3.3

Transport Equipment

-0.1

0.2

Tobacco Products

2/

7.1

 

 Note: 

          2/  - Less than 0.1 percent decrease
          Sectors are ranked according to their contribution to the overall 2000-based September 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-B  Volume of Net Sales Index, August – September 2012

(2000 = 100)

Gainers

Year-on-Year Growth (%)

September 2012
August 2012
(revised)

Electrical Machinery

22.1

7.5

Machinery Except Electrical

22.9

19.2

Transport Equipment

37.6

47.7

Footwear and Wearing Apparel

54.5

72.9

Textiles

71.8

98.6

Non-Metallic Mineral Products

42.0

30.9

Beverages

11.5

-0.8

Publishing and Printing

31.8

45.3

Wood and Wood Products

18.5

17.9

Furniture and Fixtures

6.6

15.3

 

Losers

Year-on-Year Growth (%)

September 2012
August 2012
(revised)

Petroleum Products

-12.3

-32.8

Basic Metals

-20.6

-35.9

Chemical Products

-9.8

-5.7

Tobacco Products

-25.2

-0.3

Food Manufacturing

-1.2

6.6

Miscellaneous Manufactures

-9.3

-16.4

Paper and Paper Products

-4.8

-10.5

Fabricated Metal Products

-2.7

12.6

Rubber and Plastic Products

-3.3

-1.6

Leather Products

-7.2

-9.5

 

TABLE 2-B  Volume of Net Sales Index, August – September 2012

(2000 = 100) (concluded)

 

Gainers

Month-on-Month Growth (%)

September 2012

August 2012
(revised)

Beverages

29.5

-9.4

Basic Metals

18.4

37.7

Electrical Machinery

2.4

7.1

Footwear and Wearing Apparel

10.9

-12.9

Chemical Products

2.3

-1.6

Furniture and Fixtures

25.5

-17.3

Miscellaneous Manufactures

7.0

1.6

Textiles

6.2

-12.3

Non-Metallic Mineral Products

3.3

2.9

Paper and Paper Products

4.3

-6.4

Wood and Wood Products

4.9

6.6

Transport Equipment

0.5

-1.1

Rubber and Plastic Products

0.9

-3.8

 

Losers

Month-on-Month Growth (%)

September 2012

August 2012

(revised)

Food Manufacturing

-4.9

-8.7

Petroleum Products

-6.8

-14.4

Publishing and Printing

-18.5

23.2

Fabricated Metal Products

-8.2

2.3

Machinery Except Electrical

-0.8

2.9

Leather Products

-4.0

3.2

Tobacco Products

2/

7.1

 

Note:

      2/  - Less than 0.1 percent decrease
      Sectors are ranked according to their contribution to the overall 2000-based September 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.

 


 Source:  National Statistics Office
               Manila, Philippines
 
 
  Manufacturing (MISSI)

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