PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : January 2013

Release Date:
March 12, 2013

 

Table A   Year-on-Year Growth Rates for Production Index, Net Sales Index and Producer Price Index: January 2013 and December 2012

TOTAL MANUFACTURING

JANUARY     
2013
DECEMBER
2012

YEAR-ON-YEAR GROWTH

 

 

        Production Index (2000=100)

 

 

       Value       (VaPI)

            8.5

           5.3r

       Volume    (VoPI)

          18.6

           9.2r

         Net Sales Index (2000=100)

 

 

       Value      (VaNSI)

           9.5

           8.1r

       Volume   (VoNSI)

         19.7

          12.1r

     Producer Price Index (2000=100)

      -8.5r

          -3.6r

                                           r - revised

  •    Value of Production rises in January 2013

Value of Production Index (VaPI) of the manufacturing industry went up to 8.5 percent in January 2013, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). The sectors with two-digit increase that significantly contributed to the improvement of VaPI were as follows: footwear and wearing apparel, chemical products, food manufacturing, non-metallic mineral products, beverages, and fabricated metal products. Refer to Tables 1-A and 1.             

On the other hand, VaPI, on a month-on-month comparison, slightly increased by 0.02 percent in January 2013 brought about mainly by the significant increment posted by transport equipment (25.9%). Two major sectors that posted significant decrease in production were tobacco products (-59.2) and footwear and wearing apparel (-37.6). Refer to Tables 1-A and 1.

 

  •    Volume of Production accelerates in January 2013

On a yearly comparison, Volume of Production Index (VoPI) continued to grow posting an increment of 18.6 percent in January 2013. Nine major sectors recorded double-digit positive growths led by chemical products (40.3%). The other sectors that exhibited significant increases were: food manufacturing (37.3%), footwear and wearing apparel (28.3%), machinery except electrical (22.2%), basic metals (21.3%), non-metallic mineral products (13.7%), fabricated metals (12.8%), rubber and plastic products (12.5%) and transport equipment (10.8%). Refer to Tables 1-B and 2.

On a monthly comparison, production volume grew moderately by 2.7 percent in January 2013. This was mainly due to the significant  increase in production output observed in 2 major sectors namely: transport equipment (30.2%) and rubber and plastic products (19.0%). Moreover, nine out of the 20 major sectors of the manufacturing industry reflected single-digit increase.  Refer to Tables 1-B and 2.

 

 

  •    Value of Net Sales moves up in January 2013

Value of Net Sales Index (VaNSI) continued to increase, showing an upward growth of 9.5 percent in January 2013.  Significant expansion was noted in footwear and wearing apparel, which slowly grew by 41.1% from 210.6 percent in December 2012.  Non-metallic mineral products also showed good performance as it posted an increase of 35.4 percent due to the strong domestic demand for glass and glass products.  Other major manufacturing sectors that posted double-digit increase were: beverages (28.5%), tobacco (18.4%), food manufacturing (17.3%), transport equipment (14.5%) and chemical products (13.3%). Refer to Tables 2-A and 3.

On a monthly comparison, VaNSI dropped by 2.8 percent in January 2013. This was due to the double-digit decrease reflected by footwear and wearing appare (-38.0%) and publishing and printing (-15.2%). Refer to Tables 2-A and 3.

 

  •    Volume of Net Sales keeps positive annual rate

Volume of Net Sales Index (VoNSI) expanded, exhibiting a 19.7 percent increase in January 2013. Twelve major sectors posted double-digit increments led by machinery except electrical which accelerated to 45.5 percent from 19.1 percent in December 2012. Other sectors that contributed significantly to the good performance of VoNSI were the following:  electrical machinery (38.6%), non-metallic mineral products (35.9%), footwear and wearing apparel (31.3%), food manufacturing (31.2%), tobacco products (27.5%), transport equipment (20.4%), beverages (20.1%), chemical products (19.5%), rubber and plastic products (12.9%), basic metals (12.6%) and furniture and fixtures (11.2%). Refer to Tables 2-B and 4.

On a month-on-month comparison, VoNSI made a turnaround as it dropped to -0.2 percent in January 2013 from a 2.7 percent posted in December 2012. This was due to the double-digit decrease posted by footwear and wearing apparel (-40.7%) and publishing and printing (-26.9%). Refer  to  Tables 2-B and 4.

 

 

  •    Capacity Utilization in January 2013 is 83.3

Average capacity utilization in January 2013 for total manufacturing stood at 83.3 percent. More than half or fifty-five percent of the 20 major sectors registered capacity utilization rates of 80 percent or more.  These were:

  • petroleum products (87.9%)
  • basic metals (87.8%)
  • food manufacturing (87.6%)
  • machinery except electrical (84.7%)
  • electrical machinery (84.5%)
  • non-metallic mineral products (84.4%)
  • rubber and plastic products (82.9%)
  • chemical products (82.6%)
  • miscellaneous manufactures (81.5%)
  • paper and paper products (81.3%)
  • wood and wood products (80.7%)

The proportion of establishments that operated at full capacity (90% to 100%) was 19.3 percent in January 2013.  About 57.5 percent of the establishments operated at 70% to 89% capacity while 23.2 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: January 2013

Capacity Utilization

Percent Share

Below 50%

    4.6

50% - 59%

    6.5

60% - 69%

  12.1

70% - 79%

  18.2

80% - 89%

  39.3

 90% - 100%

  19.3

 

  •    Industry Coverage

The industry coverage of the 2013 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 January 2013 MISSI and PPS are 46.4 percent and 77.0 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates For Total Manufacturing
(In percent)

 

January 2013

December 2012
(Revised)

MISSI

46.4

88.7r

PPS

77.0r

91.8r

                                        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, December 2012– January 2013

   (2000 =100)

Gainers

Year-on-Year Growth (%)

January 2013
December 2012
(revised)

Food manufacturing

22.7

20.5

Chemical products

33.0

-3.1

Footwear and wearing apparel

37.8

141.1

Machinery except electrical

7.5

-0.5

Beverages

10.9

-2.9

Basic metals

9.0

6.6

Non-metallic mineral products

13.3

4.8

Transport equipment

5.3

-25.1

Fabricated metal products

10.5

1.6

Leather products

6.1

19.2

Rubber and plastic products

0.5

-6.5

 

Losers

Year-on-Year Growth (%)

January 2013
December 2012
(revised)

Electrical machinery

-8.9

-14.1

Petroleum products

-9.2

5.5

Tobacco products

-38.5

-17.3

Furniture and fixtures

-29.5

-17.4

Miscellaneous manufactures

-11.3

-1.5

Paper and paper products

-10.8

6.0

Textiles

-5.6

-7.2

Wood and wood products

-12.0

-12.3

Publishing and printing

-2.1

-20.3

 

  TABLE 1-A  Value of Production Index, December 2012 – January 2013

(2000 = 100) (concluded)

Gainers

Month-on-Month Growth (%)

January 2013
December 2012
(revised)

Transport equipments

25.9

-33.4

Food manufacturing

2.8

3.6

Machinery except electrical

3.6

-1.6

Rubber and plastic products

7.0

-5.3

Chemical products

1.8

-2.0

Textiles

5.5

-2.1

Miscellaneous manufactures

4.7

-18.2

Fabricated metal products

6.2

-11.0

Beverages

0.5

2.5

Wood and wood products

4.1

-13.8

Leather products

3.4

-2.7

 

Losers

Month-on-Month Growth (%)

January 2013
December 2012
(revised)

Tobacco products      

-59.2

-4.4

Footwear and wearing apparel

-37.5

52.0

Electrical machinery

-0.8

-7.1

Basic metals

-2.8

8.4

Paper and paper products

-6.1

-8.0

Non-metallic mineral products

-3.4

2.7

Petroleum  products

-0.7

2.7

Furniture and fixtures

-2.3

-4.6

Publishing and printing

-0.5

-2.5

 

     Note:    Sectors are ranked according to their contribution to the overall 2000-based January 2013 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, December 2012– January 2013

(2000 = 100)

Gainers

Year-on-Year Growth (%)

January 2013
December 2012
(revised)

Food manufacturing

37.3

15.0

Chemical products

40.3

0.3

Machinery except electrical

22.2

9.2

Basic metals

21.3

18.4

Footwear and wearing apparel

28.3

138.6

Electrical machinery

2.7

-3.1

Transport equipment

10.8

-24.8

Non-metallic mineral products

13.7

4.5

Rubber and plastic products

12.5

-12.4

Fabricated metal products

12.8

5.7

Beverages

3.7

-3.2

Furniture and fixtures

3.1

-0.6

Leather products

3.3

23.4

 

Losers

Year-on-Year Growth (%)

January 2013
December 2012
(revised)

Petroleum products

-9.5

2.6

Tobacco products

-33.7

-16.9

Miscellaneous manufactures

-13.4

-1.0

Publishing and printing

-20.4

-24.9

Textiles

-9.7

-8.0

Paper and paper products

-8.8

11.2

Wood and wood products

 

-13.1

-1.2

 

 

TABLE 1-B  Volume of Production Index, December 2012 – January 2013

(2000 = 100) (concluded)

Gainers

Month-on-Month Growth (%)

January 2013
December 2012
(revised)

Food manufacturing

7.8

4.9

Transport equipment

30.2

-31.7

Machinery except electrical

8.2

-2.0

Rubber and plastic products

19.0

-5.4

Chemical products

2.1

-1.7

Fabricated metal Products

6.8

-10.7

Furniture and fixtures

7.9

0.9

Miscellaneous manufactures

2.0

-19.0

Wood and wood products

1.4

-13.8

Leather products

2.1

-2.7

Textiles

0.2

-2.1

 

 

Losers

Month-on-Month Growth (%)

January 2013
December 2012
(revised)

Footwear and wearing apparel

-40.2

48.7

Tobacco products

-55.9

-4.4

Beverages

-6.3

2.5

Electrical machinery

-1.2

-7.6

Publishing and printing

-14.2

-2.5

Petroleum products

-1.5

2.4

Basic metals

-2.4

8.0

Paper and paper products

-4.9

-7.9

Non-metallic mineral products

-0.2

2.8

 

 

      Note:        Sectors are ranked according to their contribution to the overall 2000-based January 2013 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, December 2012– January 2013

(2000 =100)

Gainers

Year-on-Year Growth (%)

January 2013 December 2012
(revised)

Food Manufacturing

17.3

24.4

Beverages

28.5

10.5

Electrical machinery

7.0

-0.4

Footwear and wearing apparel

41.1

210.6

Chemical products

13.3

-7.7

Non-metallic mineral products

35.4

59.7

Transport equipment

14.5

5.8

Tobacco products

18.4

11.9

Machinery except electrical

2.5

8.5

Textiles

4.7

21.5

Basic metals

1.2

-20.9

Publishing and printing

3.9

0.4

Miscellaneous manufactures

1.9

25.7

Rubber and plastic products

0.8

13.2

Wood and wood products

1.5

-12.9

 

Losers

Year-on-Year Growth (%)

January 2013
December 2012
(revised)

Petroleum products

-6.6

-1.2

Furniture and Fixtures

-24.0

-25.5

Fabricated metal products

-10.7

2.9

Paper and paper products

-3.3

-1.8

Leather products

-11.0

2.1

 

 

TABLE 2-A  Value of Net Sales Index, December 2012– January 2013

(2000 = 100) (concluded)

Gainers

Month-on-Month Growth (%)

January 2013
December 2012
(revised)

Electrical machinery

5.8

2.0

Transport equipment

7.4

-15.0

Chemical products

2.5

-3.1

Furniture and fixtures

14.5

-29.2

Paper and paper products

3.5

-14.7

Fabricated metal products

4.6

-5.5

Wood and wood products

8.5

-5.7

Tobacco products

1.3

5.7

Non-metallic mineral products

0.6

-7.3

Leather products

2.6

5.4

Textiles        

0.1

0.5

 

Losers

Month-on-Month Growth (%)

January 2013
December 2012
(revised)

Footwear and wearing apparel

-38.0

47.8

Food manufacturing

-6.6

5.0

Petroleum products

-3.6

4.0

Basic metals

-5.6

-0.2

Publishing and printing

-15.2

11.8

Beverages

-2.7

21.1

Miscellaneous manufactures

-2.8

-5.7

Machinery except electrical

-0.2

0.6

Rubber and plastic products

-1.3

0.9

 

Note:     Sectors are ranked according to their contribution to the overall 2000-based January 2013 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, December 2012– January 2013

(2000 = 100)

Gainers

Year-on-Year Growth (%)

January 2013
December 2012
(revised)

Electrical machinery

38.6

12.4

Food manufacturing

31.2

18.7

Machinery except electrical

45.5

19.1

Chemical products

19.5

-4.4

Non-metallic mineral products

35.9

59.2

Beverages

20.1

10.2

Footwear and wearing apparel

31.3

207.4

Transport equipment

20.4

6.2

Basic metals

12.6

-12.2

Tobacco products

27.5

12.4

Rubber and plastic products

12.9

6.0

Furniture and fixtures

11.2

-10.4

Textiles

0.2

20.4

Wood and wood products

0.2

-1.9

 

Losers

Year-on-Year Growth (%)

January 2013
December 2012
(revised)

Petroleum  products

-6.9

-4.0

Publishing and printing

-15.6

-5.4

Fabricated metal products

-8.9

7.1

Leather products

-13.4

5.7

Paper and paper products

-1.1

3.0

Miscellaneous manufactures

-0.5

26.3

 

 

TABLE 2-B  Volume of Net Sales Index, December 2012 – January 2013

(2000 = 100) (concluded)

Gainers

Month-on-Month Growth (%)

January 2013
December 2012
(revised)

Electrical machinery

21.2

1.4

Machinery except electrical

30.3

0.2

Transport equipment

11.1

-12.9

Chemical products

2.8

-2.8

Furniture and fixtures

26.5

-25.1

Tobacco products

9.4

5.7

Non-metallic mineral products

3.9

-7.2

Rubber and plastic products

9.8

0.8

Paper and paper products

4.8

-14.7

Fabricated metal products

5.1

-5.2

Wood and wood products

5.6

-5.7

Leather products      

1.3

5.3

 

Losers

Month-on-Month Growth (%)

January 2013
December 2012
(revised)

Footwear and wearing apparel

-40.7

44.5

Petroleum products

-4.4

3.7

Beverages

-9.3

21.1

Food manufacturing

-2.0

6.3

Publishing and Printing

-26.9

11.8

Basic metals

-5.3

-0.6

Miscellaneous manufactures

-5.3

-6.7

Textiles

-4.9

0.5

      
Note:     Sectors are ranked according to their contribution to the overall 2000-based January 2013 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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