PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : March 2013

Release Date:
May 10, 2013

 

 

TABLE A   Year-on-Year Growth Rates for Production Index, Net Sales Index and Producer Price Index: March 2013 and February 2013

TOTAL MANUFACTURING

    MARCH     
2013
FEBRUARY
2013

YEAR-ON-YEAR GROWTH

 

 

        Production Index (2000=100)

 

 

       Value       (VaPI)

           -7.9

          -2.0r

       Volume    (VoPI)

            1.2

           8.3r

         Net Sales Index (2000=100)

 

 

       Value      (VaNSI)

          -0.8

           2.3r

       Volume   (VoNSI)

           9.0

         13.1r

     Producer Price Index (2000=100)

        -9.0r

          -9.5r

                                          r - revised

 

  •    Value of Production drops further in March 2013

Value of Production Index (VaPI) of the manufacturing industry dropped 7.9 percent in March 2013, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was largely attributed by 16 major sectors with two-digit decrement in production values exhibited by the following: tobacco products (-58.3%), miscellaneous manufactures (-43.6%), petroleum products (-37.6%), publishing and printing (-30.7%), textiles (-15.7%), paper and paper products (-12.8%), electrical machinery (-11.5%), beverages (-11.0%), rubber and plastic products (-10.3%) and fabricated metal products (-10.0%).  Refer to Tables 1-A and 1.

On the other hand, VaPI on a monthly comparison accelerated by 2.7 percent  in March 2013. The four major sectors that mainly influenced the growth in production values were furniture and fixtures (59.0%), wood and wood products (56.3%), chemical products (28.1%) and publishing and printing (10.7%). Refer to Tables 1-A and 1.

 

  •    Volume of Production maintains a positive rate in March 2013

Volume of Production Index (VoPI) registered a slower annual growth of 1.2 percent in March 2013. This can be attributed mainly to the slowdown in the annual growth of food manufacturing. Moreover, six of the eight major sectors contributed to the positive growth in production output, namely: furniture and fixtures (47.3%), basic metals (37.7%), chemical products (37.0%), leather products (31.8%), wood and wood products (17.9%) and machinery except electrical (12.4%). Refer to Tables 1-B and 2.

VoPI on a month-on-month comparison, likewise, registered a growth of 2.5 percent in March 2013. Fourteen major sectors reported increases in production output led by furniture and fixtures and wood and wood products, with 60.0 percent and 56.8 percent growth, respectively. Refer to Tables 1-B and 2.

 

 

  •    Value of Net Sales posted negative rate in March 2013

On year-on-year basis, Value of Net Sales Index (VaNSI) slipped 0.8 percent in March 2013 from a 2.3 percent gain in previous month. Among the 16 major sectors reporting decreases in VaNSI, eight major sectors significantly contributed to the decreases, namely: publishing and printing (-53.4%), wood and wood products (-23.5%), fabricated metal products (-20.3%), paper and paper products (-18.5%), tobacco products (-14.6%), food manufacturing (-12.2%), leather products (-11.0%) and electrical machinery  (-10.4%). Refer to Tables 2-A and 3.

On a month-on-month comparison, VaNSI, however, increased registering a 7.7 percent growth in March 2013. This is attributed to the double-digit increase reported by chemical products (27.9%), furniture and fixtures (14.8%), electrical machinery (11.7%) and machinery except electrical (10.6 %). Refer to Tables 2-A and 3.

 

  •    Volume of Net Sales grows at a slower rate

Volume of Net Sales Index (VoNSI) accelerated at a slower rate as it posted a year-on-year growth of 9.0 percent in March 2013. This was accounted mainly by the slowdown in the annual sales volumes in the rubber and plastic products and machinery except electrical sectors. Moreover, seven major sectors reported increases in sales output, with two-digit growth in the following: furniture and fixtures (77.9%), chemical products (66.7%), textiles (33.6%) and basic metals (30.9%). Refer to Tables 2-B and 4.

Likewise, on a month-on-month change, VoNSI grew by 7.5 percent in March 2013. This is attributed to the two-digit growth in production volumes reported by five major sectors, namely: chemical products (26.5%), furniture and fixtures (15.5%), petroleum products (12.6%), electrical machinery (11.2%) and machinery except electrical (10.1%). Refer  to  Tables 2-B and 4.

 

  •    Capacity Utilization in March 2013 is 82.9 percent

Average capacity utilization in March 2013 for total manufacturing was recorded at 82.9 percent. Fifty percent of the 20 major sectors registered capacity utilization rates of 80 percent or more.  These were:

  • basic metals (87.9%)
  • petroleum products (87.5%)
  • electrical machinery (85.7%)
  • non-metallic mineral products (85.7%)
  • machinery except electrical (84.5%)
  • food manufacturing (84.4%)
  • wood and wood products (84.2%)
  • chemical products (82.0%)
  • rubber and plastic products (81.9%)
  • paper and paper products (81.7%)

 

The proportion of establishments that operated at full capacity (90% to 100%) was 21.6 percent in March 2013.  About 53.4 percent of the establishments operated at 70% to 89% capacity while 25.0 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: March 2013

Capacity Utilization

Percent Share

Below 50%

    8.3

50% - 59%

    5.5

60% - 69%

  11.2

70% - 79%

  17.2

80% - 89%

  36.2

 90% - 100%

  21.6

 

  •    Response Rate

The response rates for the March 2013 MISSI and PPS are 64.5 percent and 83.8 percent, respectively.  Refer to Tables 7 and 8.

 

TABLE C  Response Rates For Total Manufacturing

(In percent)

 

March 2013

February 2013

(Revised)

MISSI

64.5

76.3r

PPS

83.8r

89.6r

 

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, February 2013– March 2013

   (2000 =100)

Gainers

Year-on-Year Growth (%)

March 2013
February 2013
(revised)

Chemical products

27.8

10.5

Basic metals

20.6

39.9

Wood and wood products

19.1

-7.4

Leather products

32.6

40.2

 

Losers

Year-on-Year Growth (%)

March 2013
February 2013
(revised)

Petroleum products

-37.6

-21.1

Electrical machinery

-11.5

-6.3

Tobacco products

-58.3

-54.5

Miscellaneous manufactures

-43.6

-38.0

Food manufacturing

-4.4

5.7

Beverages

-11.0

0.6

Transport equipment

-8.8

-10.6

Publishing and printing

-30.7

-30.1

Rubber and plastic products

-10.3

-9.4

Textiles

-15.7

-11.5

Paper and paper products

-12.8

-17.7

Machinery except electrical

-1.7

-8.6

Fabricated metal products

-10.0

2.2

Non-metallic mineral products

-3.1

-6.1

Furniture and fixtures

-6.0

-38.0

Footwear and wearing apparel

-0.5

1.3

 

 

  TABLE 1-A  Value of Production Index, February 2013 – March 2013

(2000 = 100) (concluded)

Gainers

Month-on-Month Growth (%)

March 2013
February 2013
(revised)

Chemical products

28.1

17.1

Electrical machinery

4.9

5.9

Machinery except electrical

8.5

-2.7

Furniture and fixtures

59.0

22.8

Wood and wood products

56.3

0.4

Non-metallic mineral products

6.9

0.2

Publishing and printing

10.7

-14.0

Paper and paper products

4.6

-5.9

Beverages

1.8

-6.0

Rubber and plastic products

2.1

-2.4

Fabricated metal products

3.7

-9.5

Footwear and wearing apparel

1.3

-0.4

Miscellaneous manufactures

1.3

-2.7

Tobacco products

1.2

-1.9

Transport equipments

0.4

4.8

Leather products

7.2

6.0

 

Losers

Month-on-Month Growth (%)

March 2013
February 2013
(revised)

Petroleum  products

-13.3

-8.1

Basic metals

-2.1

1.8

Food manufacturing

-0.4

2.1

Textiles

-2.3

-2.3

 

     Note:    Sectors are ranked according to their contribution to the overall 2000-based March 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, February 2013– March 2013

(2000 = 100)

Gainers

Year-on-Year Growth (%)

March 2013
February 2013
(revised)

Chemical products

37.0

19.9

Basic metals

37.7

60.3

Machinery except electrical

12.4

8.1

Food manufacturing

6.9

17.6

Furniture and fixtures

47.3

-13.0

Wood and wood products

17.9

-9.4

Rubber and plastic products

3.0

4.3

Leather products

31.8

37.7

 

Losers

Year-on-Year Growth (%)

March 2013
February 2013
(revised)

Petroleum products

-29.9

-19.1

Tobacco products

-57.4

-53.5

Miscellaneous manufactures

-43.4

-36.8

Beverages

-15.8

-4.7

Electrical machinery

-3.6

5.3

Publishing and printing

-40.1

-39.6

Textiles

-17.0

-13.6

Transport equipment

-5.5

-4.9

Footwear and wearing apparel

-6.2

-0.9

Paper and paper products

-9.2

-13.2

Fabricated metal products

6.9

0.6

Non-metallic mineral products

-2.9

-6.1

 

 

TABLE 1-B  Volume of Production Index, February 2013 – March 2013

(2000 = 100) (concluded)

Gainers

Month-on-Month Growth (%)

March 2013
February 2013
(revised)

Chemical products

26.7

15.7

Electrical machinery

4.4

5.6

Machinery except electrical

8.0

-2.6

Furniture and fixtures

60.0

34.6

Wood and wood products

56.8

0.3

Non-metallic mineral products

6.3

-0.4

Publishing and printing

10.7

-14.0

Paper and paper products

4.6

-7.8

Beverages

1.8

-6.2

Rubber and plastic products

2.1

-2.1

Fabricated metal Products

3.7

-10.2

Footwear and wearing apparel

1.3

0.5

Tobacco products

1.2

-1.9

Leather products

7.2

6.0

 

 

Losers

Month-on-Month Growth (%)

March 2013
February 2013
(revised)

Petroleum products

-9.4

-10.1

Food manufacturing

-0.6

1.8

Basic metals

-1.9

2.9

Miscellaneous manufactures

-2.2

-4.8

Textiles

-1.5

-2.3

Transport equipment

-0.4

2.7

 

Note:     Sectors are ranked according to their contribution to the overall 2000-based March 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, February 2013– March 2013

(2000 =100)

Gainers

Year-on-Year Growth (%)

March 2013 February 2013
(revised)

Chemical products

55.4

32.3

Basic metals

14.6

55.2

Textiles

35.7

11.7

Furniture and Fixtures

13.6

4.0

 

Losers

Year-on-Year Growth (%)

March 2013
February 2013
(revised)

Food Manufacturing

-12.2

-7.9

Electrical machinery

-10.4

-9.7

Machinery except electrical

-9.7

-5.7

Petroleum products

-8.1

-5.2

Publishing and printing

-53.4

-49.2

Beverages

-9.8

11.0

Paper and paper products

-18.5

-13.6

Fabricated metal products

-20.3

-9.5

Tobacco products

-14.6

-8.0

Transport equipment

-5.6

-3.9

Miscellaneous manufactures

-8.8

-1.5

Wood and wood products

-23.5

4.5

Non-metallic mineral products

-2.7

11.3

Rubber and plastic products

-4.6

-3.9

Leather products

-11.0

-7.2

Footwear and wearing apparel

-0.8

6.6

 

 

TABLE 2-A  Value of Net Sales Index, February 2013– March 2013

(2000 = 100) (concluded)

Gainers

Month-on-Month Growth (%)

March 2013

February 2013
(revised)

Chemical products

27.9

29.2

Electrical machinery

11.7

-4.0

Machinery except electrical

10.6

3.5

Petroleum products

7.7

-6.3

Food manufacturing

2.4

-3.2

Non-metallic mineral products

4.5

3.7

Beverages

2.4

-5.1

Furniture and fixtures

14.8

-9.0

Footwear and wearing apparel

2.6

-1.7

Transport equipment

0.7

9.7

Fabricated metal products

1.5

-3.7

Leather products

7.0

8.5

Paper and paper products

0.8

-7.6

 

Losers

Month-on-Month Growth (%)

March 2013

February 2013
(revised)

Basic metals

-4.0

4.7

Textiles

-2.2

-4.8

Tobacco products

-1.9

-17.4

Wood and wood products

-5.8

-0.6

Publishing and printing

-2.3

-47.7

Miscellaneous manufactures

-0.1

5.2

Rubber and plastic products

-0.1

1.4

 

   Note:     Sectors are ranked according to their contribution to the overall 2000-based March 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, February 2013– March 2013

(2000 = 100)

Gainers

Year-on-Year Growth (%)

March 2013

February 2013
(revised)

Chemical products

66.7

43.5

Basic metals

30.9

77.8

Textiles

33.6

9.0

Furniture and fixtures

77.9

46.0

Petroleum products

3.3

-2.8

Machinery except electrical

3.2

11.5

Rubber and plastic products

9.6

10.6

 

Losers

Year-on-Year Growth (%)

March 2013
February 2013
(revised)

Publishing and printing

-59.8

-56.1

Beverages

-14.6

5.1

Electrical machinery

-2.4

1.5

Food manufacturing

-1.9

2.5

Paper and paper products

-15.1

-8.9

Fabricated metal products

-17.6

-7.0

Tobacco products

-12.7

-6.0

Footwear and wearing apparel

-6.4

0.5

Miscellaneous manufactures

-8.4

0.6

Wood and wood products

-24.3

2.2

Transport equipment

-2.2

2.2

Non-metallic mineral products

-2.5

11.4

Leather products

-11.6

-8.9

 

 

TABLE 2-B  Volume of Net Sales Index, February 2013 – March 2013

(2000 = 100) (concluded)

Gainers

Month-on-Month Growth (%)

March 2013

February 2013
(revised)

Chemical products

26.5

27.7

Electrical machinery

11.2

-4.3

Petroleum products

12.6

-8.3

Machinery except electrical

10.1

3.7

Food manufacturing

2.3

-3.4

Furniture and fixtures

15.5

-0.2

Non-metallic mineral products

3.8

3.0

Beverages

2.4

-5.4

Footwear and wearing apparel

2.6

-0.8

Fabricated metal products

1.5

-4.5

Leather products

6.9

8.5

Paper and paper products

0.7

-9.6

 

Losers

Month-on-Month Growth (%)

March 2013
February 2013
(revised)

Basic metals

-3.8

5.8

Miscellaneous manufactures

-3.6

3.0

Tobacco products

-1.9

-17.4

Wood and wood products

-5.5

-0.6

Publishing and Printing

-2.3

-47.7

Textiles

-1.4

-4.8

Transport equipment

-0.1

7.5

Rubber and plastic products

-0.1

1.7

 

      Note:     Sectors are ranked according to their contribution to the overall 2000-based March 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.
 

 

 

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