PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : May 2013

Release Date:
July 10, 2013

 

 

Table A   Year-on-Year Growth Rates for Production Index, Net Sales Index and Producer Price Index: May 2013 and April 2013

TOTAL MANUFACTURING

     MAY     
2013
APRIL
2013

YEAR-ON-YEAR GROWTH

 

 

        Production Index (2000=100)

 

 

       Value       (VaPI)

             9.7

          -1.6r

       Volume    (VoPI)

          20.4

           8.7r

         Net Sales Index (2000=100)

 

 

       Value      (VaNSI)

            6.4

          11.0r

       Volume   (VoNSI)

          16.8

          22.5r

     Producer Price Index (2000=100)

          -8.9r

          -9.4r

                                          r - revised

 

  •   Value of Production rebounds in May 2013

Value of Production Index (VaPI) for the manufacturing posted a year-on-year increment of 9.7 percent in May 2013, after registering declines since January 2013, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was attributed to the increase in production values exhibited by six major sectors, with significant expansion observed in petroleum products that posted a three-digit growth of 136.6 percent, followed by other two major sectors that posted two-digit increments, namely: chemical products (73.8%) and basic metals (49.0%). Refer to Tables 1-A and 1.

Likewise, on a monthly basis, VaPI grew 7.9 percent in May 2013 from a 1.7 percent decline in the previous month. This was brought about by the expanded production performance of 12 major sectors led by petroleum products (106.6%). Refer to Tables 1-A and 1.

 

  •   Volume of Production expands further in May 2013

Volume of Production Index (VoPI) on a year-on-year performance continued to grow at a faster rate of 20.4 percent in May 2013. Petroleum products contributed significantly to the increase with 139.4 percent, followed by other major sectors that posted two-digit increases, namely:  chemical products (84.8%), basic metals (68.1%), furniture and fixtures (56.6%) and electrical machinery (12.0%). Refer to Tables 1-B and 2.

On a month-on-month comparison, VoPI also went up by 7.4 percent in May 2013, after posting a decline of 1.0 percent in the previous month. Five of the 10 major sectors that mainly influenced the growth were: petroleum products (103.1%), tobacco products (63.1%), furniture and fixtures (21.5%), chemical products (14.9%) and footwear and wearing apparel (11.3%). Refer to Tables 1-B and 2.

 

 

  •   Value of Net Sales grows in May 2013

Value of Net Sales Index (VaNSI) registered a year-on-year growth of 6.4 percent in in May 2013. This was primarily due to the increases in sales value of seven major sectors led by chemical products (94.3%), outpacing the decrements of 13 major sectors. Refer to Tables 2-A and 3.

On a monthly basis, VaNSI recorded a minimum increase of 0.7 percent growth in May 2013. This was attributed to the two-digit growth reported by the following: tobacco products (19.9%), footwear and wearing apparel (13.1%), leather products (12.9%) and chemical products (11.5%). Refer to Tables 2-A and 3.

 

  •   Volume of Net Sales remains at two-digit growth

Volume of Net Sales Index (VoNSI) posted an annual growth of 16.8 percent in May 2013. This was accounted by the three-digit growth in sales output observed for furniture and fixtures (110.6%) and chemical products (106.6%). Other major sectors that significantly contributed to the increase were the following: basic metals (78.4%), tobacco products (57.8%) and rubber and plastic products (10.6%). Refer to Tables 2-B and 4.

VoPI on a month-on-month comparison, slightly grew 0.3 percent in May 2013. Significant increases in sales output were noted in 5 of the 10 major sectors that registered growth, namely: tobacco products (19.9%), furniture and fixtures (15.6%), footwear and wearing apparel (13.3%), leather products (12.7%) and chemical products (11.8%). Refer  to  Tables 2-B and 4.

 

 

  •   Capacity Utilization in May 2013 is 83.1 percent

Average capacity utilization in May 2013 for total manufacturing was recorded at 83.1 percent. Fifty percent of the 20 major sectors registered capacity utilization rates of 80 percent or more.  These were:

  • basic metals (88.4%)
  • petroleum products (87.9%)
  • non-metallic mineral products (85.8%)
  • electrical machinery (84.4%)
  • food manufacturing (84.2%)
  • machinery except electrical (84.1%)
  • chemical products (82.5%)
  • rubber and plastic products (81.8%)
  • paper and paper products (81.6%)
  • wood and wood products (80.9%)

The proportion of establishments that operated at full capacity (90% to 100%) was 22.4 percent in May 2013.  About 54.6 percent of the establishments operated at 70% to 89% capacity while 23.0 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: May 2013

Capacity Utilization

Percent Share

Below 50%

    6.6

50% - 59%

    5.7

60% - 69%

  10.7

70% - 79%

  18.4

80% - 89%

  36.2

 90% - 100%

  22.4

 

  •   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 May 2013 MISSI and PPS are 83.3 percent and 92.0 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates For Total Manufacturing

(In percent)

 

May 2013

April 2013
(Revised)

MISSI

83.3

92.8r

PPS

92.0r

94.6r

Data of non-responding samples are estimated based on previous records and other administrative reports of these establishments.  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, April 2013– May 2013

   (2000 =100)

Gainers

Year-on-Year Growth (%)

May 2013
April 2013
(revised)

Petroleum products

136.6

-58.3

Chemical products

73.8

71.2

Basic metals

49.0

79.8

Electrical machinery

3.7

13.2

Non-metallic mineral products

4.7

9.6

Furniture and fixtures

0.6

-8.4

 

Losers

Year-on-Year Growth (%)

May 2013
April 2013
(revised)

Transport equipment

-36.2

-46.4

Food manufacturing

-7.6

-5.9

Machinery except electrical

-11.1

0.4

Miscellaneous manufactures

-44.0

-35.3

Textiles

-42.7

-39.0

Rubber and plastic products

-11.0

-5.1

Fabricated metal products

-19.4

11.3

Footwear and wearing apparel

-8.5

2.3

Paper and paper products

-7.7

-5.9

Tobacco products

-6.4

-27.5

Leather products

-52.9

1.7

Beverages

-2.0

5.8

Wood and wood products

-15.3

-7.4

Publishing and printing

-3.8

-1.6

 

 

  TABLE 1-A  Value of Production Index, April 2013 – May 2013

(2000 = 100) (concluded)

Gainers

Month-on-Month Growth (%)

May 2013
April 2013
(revised)

Petroleum  products

106.6

-47.1

Tobacco products      

63.1

28.8

Chemical products

14.6

11.9

Beverages

7.8

0.4

Footwear and wearing apparel

11.0

-8.3

Food manufacturing

1.4

-4.1

Machinery except electrical

1.7

-5.5

Transport equipment

1.6

5.8

Furniture and fixtures

8.1

-0.8

Non-metallic mineral products

1.2

-0.7

Leather products

5.4

-10.0

Publishing and printing

0.8

17.8

 

Losers

Month-on-Month Growth (%)

May 2013
April 2013
(revised)

Electrical machinery

-2.3

0.5

Basic metals

-8.4

30.8

Paper and paper products

-8.0

13.3

Miscellaneous manufactures

-6.4

1.5

Fabricated metal products

-7.6

12.8

Rubber and plastic products

-2.1

7.6

Textiles

-1.5

10.4

Wood and wood products

-3.9

-24.4

 

     Note:  

           Sectors are ranked according to their contribution to the overall 2000-based May 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, April 2013– May 2013

(2000 = 100)

Gainers

Year-on-Year Growth (%)

May 2013
April 2013
(revised)

Petroleum products

139.4

-54.5

Chemical products

84.8

84.7

Basic metals

68.1

111.5

Electrical machinery

12.0

22.8

Food manufacturing

2.6

5.7

Furniture and fixtures

56.6

21.4

Machinery except electrical

1.7

16.4

Non-metallic mineral products

4.7

8.9

Rubber and plastic products

2.9

8.5

 

Losers

Year-on-Year Growth (%)

May 2013
April 2013
(revised)

Transport equipment

-30.6

-40.2

Miscellaneous manufactures

-43.7

-35.1

Textiles

-42.6

-38.8

Footwear and wearing apparel

-13.1

-3.5

Beverages

-7.4

1/

Fabricated metal products

-19.7

12.4

Publishing and printing

-11.8

-15.0

Leather products

-53.3

1.0

Wood and wood products

-15.9

-8.1

Tobacco products

-4.3

-26.0

Paper and paper products

-0.2

-1.2

 

 

TABLE 1-B  Volume of Production Index, April 2013 – May 2013

(2000 = 100) (concluded)

Gainers

Month-on-Month Growth (%)

May 2013

April 2013
(revised)

Petroleum products

103.1

-45.6

Tobacco products

63.1

28.8

Chemical products

14.9

11.7

Beverages

7.8

0.4

Footwear and wearing apparel

11.3

-9.0

Furniture and fixtures

21.5

-0.9

Food manufacturing

0.8

-4.2

Non-metallic mineral products

1.2

1.0

Leather products

5.2

-10.0

Publishing and printing

0.8

17.8

 

 

Losers

Month-on-Month Growth (%)

May 2013

April 2013
(revised)

Electrical machinery

-3.6

1/

Basic metals

-7.5

34.8

Miscellaneous manufactures

-8.3

2.4

Paper and paper products

-6.9

13.5

Fabricated metal products

-7.4

13.9

Machinery except electrical

-0.7

-5.9

Rubber and plastic products

-2.2

7.6

Textiles

-1.8

12.8

Wood and wood products

-3.9

-24.4

Transport equipment

-0.3

9.8

 

Note:    

     1/ -  Less than 0.1 percent increase
     Sectors are ranked according to their contribution to the overall 2000-based May 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, April 2013– May 2013

(2000 =100)

Gainers

Year-on-Year Growth (%)

May 2013   April 2013
(revised)

Chemical products

94.3

97.5

Basic metals

58.2

73.8

Tobacco products

54.4

37.4

Petroleum products

2.7

-2.7

Furniture and fixtures

35.2

63.8

Textiles

7.7

38.8

Publishing and printing

11.4

5.6

 

Losers

Year-on-Year Growth (%)

May 2013

April 2013
(revised)

Electrical machinery

-13.5

-0.8

Food manufacturing

-11.4

-2.9

Transport equipment

-29.7

-43.2

Machinery except electrical

-8.3

-0.1

Footwear and wearing apparel

-12.0

3.5

Beverages

-6.8

12.9

Paper and paper products

-11.3

-1.6

Fabricated metal products

-14.3

10.7

Non-metallic mineral products

-3.0

15.5

Miscellaneous manufactures

-3.4

-1.1

Rubber and plastic products

-4.4

4.6

Wood and wood products

-9.1

-3.0

Leather products

-5.1

9.8

 

 

TABLE 2-A  Value of Net Sales Index, April 2013– May 2013

(2000 = 100) (concluded)

Gainers

Month-on-Month Growth (%)

May 2013
April 2013
(revised)

Chemical products

11.5

18.0

Petroleum products

4.8

-1.3

Footwear and wearing apparel

13.1

-11.7

Tobacco products

19.9

39.2

Transport equipment

5.3

-4.3

Miscellaneous manufactures

2.5

-8.2

Leather products

12.9

-12.4

Furniture and fixtures

2.8

7.1

Textiles

0.5

1.2

Publishing and printing

0.4

14.7

 

Losers

Month-on-Month Growth (%)

May 2013

April 2013
(revised)

Electrical machinery

-5.3

0.6

Food manufacturing

-5.0

5.3

Basic metals

-7.7

22.1

Beverages

-4.1

14.0

Paper and paper products

-5.3

8.2

Non-metallic mineral products

-2.3

11.9

Fabricated metal products

-2.8

14.1

Machinery except electrical       

-0.4

-1.2

Rubber and plastic products

-3.2

8.0

Wood and wood products

-2.9

-25.4

 

   Note:    

      Sectors are ranked according to their contribution to the overall 2000-based May 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, April 2013– May 2013

(2000 = 100)

Gainers

Year-on-Year Growth (%)

May 2013
April 2013
(revised)

Chemical products

106.6

113.0

Basic metals

78.4

104.4

Tobacco products

57.8

40.4

Furniture and fixtures

110.6

117.6

Machinery except electrical

4.9

15.9

Petroleum products

4.0

6.2

Textiles

7.7

39.4

Rubber and plastic products

10.6

19.6

Publishing and printing

2.2

-8.7

 

Losers

Year-on-Year Growth (%)

May 2013

April 2013
(revised)

Electrical machinery

-6.6

7.7

Transport equipment

-23.5

-36.6

Beverages

-11.9

6.7

Footwear and wearing apparel

-16.5

-2.4

Food manufacturing

-1.6

9.1

Fabricated metal products

-14.6

11.8

Non-metallic mineral products

-3.0

14.8

Paper and paper products

-4.1

3.4

Miscellaneous manufactures

-2.8

-0.8

Wood and wood products

-9.8

-3.8

Leather products

-5.9

9.1

 

 

TABLE 2-B  Volume of Net Sales Index, April 2013– May 2013

(2000 = 100) (concluded)

 

Gainers

Month-on-Month Growth (%)

May 2013

April 2013
(revised)

Chemical products

11.8

17.8

Footwear and wearing apparel

13.3

-12.4

Tobacco products

19.9

39.2

Petroleum products

3.0

1.5

Transport equipment

3.3

-0.7

Furniture and fixtures

15.6

7.0

Leather products

12.7

-12.4

Miscellaneous manufactures

0.4

-7.3

Publishing and printing 

0.4

14.7

Textiles                    

0.2

3.4

 

Losers

Month-on-Month Growth (%)

May 2013
April 2013
(revised)

Electrical machinery

-6.6

0.0

Food manufacturing

-5.6

5.2

Basic metals

-6.8

25.8

Machinery except electrical

-2.7

-1.5

Beverages

-4.1

14.0

Paper and paper products

-4.1

8.4

Non-metallic mineral products

-2.4

14.0

Rubber and plastic products

-3.2

8.0

Fabricated metal products

-2.6

15.2

Wood and wood products

-2.9

-25.4

 

      Note:      

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