PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : June 2013

Release Date:
August 13, 2013

 

 

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

TOTAL MANUFACTURING

     JUNE     
2013
MAY
2013

YEAR-ON-YEAR GROWTH

 

 

        Production Index (2000=100)

 

 

       Value       (VaPI)

            1.5

         10.6r

       Volume    (VoPI)

            9.9

           21.7r

         Net Sales Index (2000=100)

 

 

       Value      (VaNSI)

         12.8

            8.2r

       Volume   (VoNSI)

         22.1

          19.1r

     Producer Price Index (2000=100)

      -7.6r

          -9.1r

                                             r - revised

 

  •    Value of Production sustains growth in June 2013

Value of Production Index (VaPI) for the manufacturing grew at a slower rate of 1.5 percent from a two-digit increase of 10.6 percent in May 2013, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was attributed to the slowdown in the production values for petroleum products. However, the major contributing sectors with significant increases in value of production were chemical products (78.6%) and basic metals (50.6%). Refer to Tables 1-A and 1.

On a month-on-month basis, VaPI likewise increased at a slower rate of 0.8 percent in June 2013. This was primarily due to the two-digit increase in value of production reported by the following: petroleum products (12.7%), wood and wood products (11.4%)  and  tobacco products (11.1%).  Refer to Tables 1-A and 1.

 

  •    Volume of Production likewise posts growth

On a yearly comparison, Volume of Production Index (VoPI) registered an increment of 9.9 percent in June 2013 from the previous month’s two-digit growth of 21.7 percent. This was attributed to the diminished production outputs of petroleum products and electrical machinery. However, three major sectors contributed mainly to the increase in volume of production, namely: chemical products (86.3%), furniture and fixtures (81.0%) and basic metals (71.5%). Refer to Tables 1-B and 2.

On a month-on-month comparison, VoPI reflected a minimal increase of less than one percent or 0.8 percent in June 2013. Two of the 14 major sectors that mainly influenced the growth were: tobacco products (11.1%) and wood and wood products (10.3%). Refer to Tables 1-B and 2.

 

  •    Value of Net Sales grows further in June 2013

Value of Net Sales Index (VaNSI), on a year-on-year basis improved to 12.8 percent in June 2013 compared with 8.2 percent growth in the previous month. This was attributed to the increase in sales volume exhibited by five major sectors, with significant expansion observed in chemical products that posted a three-digit growth of 123.7 percent, followed by other four major sectors that posted two-digit increments, namely: furniture and fixtures (66.5%), basic metals (46.9%), tobacco products (26.6%) and textiles (18.4%). Refer to Tables 2-A and 3.

On a monthly basis, VaNSI also accelerated as it posted a month-on-month growth of 3.3 percent in June 2013. This was primarily due to the two-digit increases in sales value of chemical products (11.7%), outpacing the two-digit decrements of 2 major sectors. Refer to Tables 2-A and 3.

 

  •    Volume of Net Sales continues to accelerate

Volume of Net Sales Index (VoNSI) exhibited a two-digit annual increment of 22.1 percent. This was consistently accounted by the three-digit growth in sales output observed for furniture and fixtures (209.9%) and chemical products (133.3%). Other major sectors that also significantly contributed to the increase were the following: basic metals (67.2%), tobacco products (36.2%), rubber and plastic products (22.2%) and textiles (18.3%). Refer to Tables 2-B and 4.

VoNSI, on a month-on-month comparison, slightly grew 3.3 percent in June 2013. Of the 11 major sectors that exhibited growth, three reported two-digit increases, namely: furniture and fixtures (12.4%), chemical products (11.1%), and miscellaneous manufactures (10.1%). Refer  to  Tables 2-B and 4.

 

  •    Capacity Utilization in June 2013 is 83.2 percent

Average capacity utilization in June 2013 for total manufacturing was recorded at 83.2 percent. Fifty percent of the 20 major sectors registered capacity utilization rates of 80 percent or more.  These were:

  • petroleum products (88.5%)
  • basic metals (87.0%)
  • non-metallic mineral products (85.7%)
  • machinery except electrical (84.6%)
  • electrical machinery (84.4%)
  • food manufacturing (83.9%)
  • chemical products (82.5%)
  • rubber and plastic products (82.2%)
  • paper and paper products (81.8%)
  • wood and wood products (81.2%)

The proportion of establishments that operated at full capacity (90% to 100%) was 22.6 percent in June 2013. About 55.1 percent of the establishments operated at 70% to 89% capacity while 22.3 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: June 2013

Capacity Utilization

Percent Share

Below 50%

    6.1

50% - 59%

    5.6

60% - 69%

  10.6

70% - 79%

  18.4

80% - 89%

  36.7

 90% - 100%

  22.6

 

  •    Response Rate

The response rates for the June 2013 MISSI and PPS are 82.0 percent and 92.9 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates For Total Manufacturing

(In percent)

 

June 2013

May 2013

(Revised)

MISSI

82.0

94.9r

PPS

92.9r

96.9r

 

Data of non-responding samples were 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, May 2013– June 2013

   (2000 =100)

Gainers

Year-on-Year Growth (%)

June 2013
May 2013
(revised)

Chemical products

78.6

79.0

Basic metals

50.6

51.4

Petroleum products

4.5

136.5

Non-metallic mineral products

7.4

6.6

Publishing and printing

6.7

-4.7

Leather products

9.8

-53.0

Beverages

0.2

-2.0

 

Losers

Year-on-Year Growth (%)

June 2013
May 2013
(revised)

Electrical machinery

-13.5

3.8

Food manufacturing

-11.0

-7.0

Transport equipment

-31.2

-35.8

Machinery except electrical

-11.9

-9.9

Miscellaneous manufactures

-39.9

-44.3

Textiles

-35.8

-34.8

Fabricated metal products

-21.9

-21.7

Paper and paper products

-14.4

-5.8

Rubber and plastic products

-6.9

-12.4

Footwear and wearing apparel

-4.4

-7.4

Tobacco products

-6.6

-2.4

Wood and wood products

-6.0

-15.3

Furniture and fixtures

-2.8

0.6

 

 

 

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

(2000 = 100) (concluded)

Gainers

Month-on-Month Growth (%)

June 2013
May 2013
(revised)

Petroleum  products

12.7

106.8

Chemical products

5.8

15.7

Electrical machinery

1.2

-2.7

Tobacco products

11.1

69.9

Rubber and plastic products

5.4

-2.5

Beverages

2.0

7.8

Publishing and printing

6.7

-1.6

Wood and wood products

11.4

-3.9

Paper and paper products

3.2

-6.1

Fabricated metal products

1.0

-9.1

Non-metallic mineral products

0.4

1.7

Footwear and wearing apparel

0.3

10.5

Textiles

0.1

-2.8

 

Losers

Month-on-Month Growth (%)

June 2013
May 2013
(revised)

Food manufacturing

-5.5

1.8

Basic metals

-7.2

-7.4

Machinery except electrical

-0.7

3.3

Transport equipment

-1.0

2.3

Furniture and fixtures

-5.5

8.1

Miscellaneous manufactures

-1.9

-6.9

Leather products

-10.6

6.0

 

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

(2000 = 100)

Gainers

Year-on-Year Growth (%)

June 2013
May 2013
(revised)

Chemical products

86.3

88.7

Basic metals

71.5

74.1

Furniture and fixtures

81.0

61.4

Rubber and plastic products

7.6

3.0

Non-metallic mineral products

4.5

6.5

Leather products

8.5

-53.5

Tobacco products

0.4

5.0

 

Losers

Year-on-Year Growth (%)

June 2013

May 2013
(revised)

Electrical machinery

-7.8

12.0

Transport equipment

-25.3

-29.3

Miscellaneous manufactures

-40.5

-45.3

Petroleum products

-6.4

139.3

Textiles

-35.8

-34.6

Food manufacturing

-1.9

3.8

Fabricated metal products

-21.6

-22.0

Machinery except electrical

-3.2

3.1

Footwear and wearing apparel

-8.1

-12.3

Beverages

-4.9

-7.1

Paper and paper products

-9.8

1.8

Wood and wood products

-7.8

-15.9

Publishing and printing

-2.1

-12.6

 

 

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

(2000 = 100) (concluded)

Gainers

Month-on-Month Growth (%)

June 2013
May 2013
(revised)

Petroleum products

8.6

103.3

Chemical products

5.2

14.8

Electrical machinery

1.6

-4.2

Tobacco products

11.1

69.9

Rubber and plastic products

4.6

-2.6

Beverages

2.0

8.1

Publishing and printing

6.7

-1.6

Machinery except electrical

0.7

1.0

Paper and paper products

3.2

-5.0

Wood and wood products

10.3

-3.9

Furniture and fixtures

7.2

21.6

Footwear and wearing apparel

1.5

10.8

Fabricated metal products

1.0

-8.8

Textiles

0.1

-2.9

 

 

Losers

Month-on-Month Growth (%)

June 2013
May 2013
(revised)

Food manufacturing

-6.1

1.5

Basic metals

-7.1

-5.9

Transport equipment

-1.8

1.5

Non-metallic mineral products

-1.0

1.6

Miscellaneous manufactures

-1.3

-9.9

Leather products

-10.7

5.7

 

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

(2000 =100)

Gainers

Year-on-Year Growth (%)

June 2013

May 2013
(revised)

Chemical products

123.7

103.7

Basic metals

46.9

58.1

Petroleum products

6.0

2.8

Tobacco products

26.6

55.8

Furniture and fixtures

66.5

35.2

Textiles

18.4

21.2

Rubber and plastic products

5.7

-4.4

Miscellaneous manufactures

1.3

-5.8

 

Losers

Year-on-Year Growth (%)

June 2013
May 2013
(revised)

Electrical machinery

-12.1

-9.0

Machinery except electrical

-11.5

-8.6

Transport equipment

-25.1

-29.9

Footwear and wearing apparel

-19.3

-15.5

Food manufacturing

-2.5

-10.7

Paper and paper products

-15.7

-12.9

Fabricated metal products

-14.6

-14.0

Publishing and printing

-9.7

13.7

Non-metallic mineral products

-3.4

-2.2

Beverages

-2.1

-6.8

Leather products

-17.3

-4.0

Wood and wood products

-1.1

-9.1

 

 

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

(2000 = 100) (concluded)

Gainers

Month-on-Month Growth (%)

June 2013
May 2013
(revised)

Food manufacturing

8.1

-4.7

Chemical products

11.7

17.5

Electrical machinery

3.3

-4.6

Machinery except electrical       

3.3

-1.0

Footwear and wearing apparel

7.0

13.9

Miscellaneous manufactures

9.5

2.5

Rubber and plastic products

8.8

-3.9

Paper and paper products

3.5

-5.6

Wood and wood products

8.8

-2.9

Beverages

0.8

-4.1

 

Losers

Month-on-Month Growth (%)

June 2013
May 2013
(revised)

Petroleum products

-4.8

4.8

Tobacco products

-23.6

21.0

Basic metals

-10.0

-8.5

Transport equipment

-4.1

4.9

Textiles

-5.6

15.0

Publishing and printing

-6.6

2.3

Non-metallic mineral products

-0.9

-2.2

Fabricated metal products

-1.2

-2.4

Leather products

-4.5

14.0

Furniture and fixtures

-0.9

2.8

 

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

(2000 = 100)

Gainers

Year-on-Year Growth (%)

June 2013
May 2013
(revised)

Chemical products

133.3

114.8

Basic metals

67.2

81.8

Furniture and fixtures

209.9

117.0

Food manufacturing

7.4

-0.4

Tobacco products

36.2

67.7

Textiles

18.3

21.6

Rubber and plastic products

22.2

12.5

Miscellaneous manufactures

0.4

-7.4

 

Losers

Year-on-Year Growth (%)

June 2013

May 2013
(revised)

Electrical machinery

-6.3

-1.8

Transport equipment

-18.7

-22.8

Footwear and wearing apparel

-22.5

-20.0

Petroleum products

-5.1

4.0

Beverages

-7.2

-11.6

Machinery except electrical

-2.8

4.6

Paper and paper products

-11.2

-5.8

Fabricated metal products

-14.3

-14.3

Publishing and printing

-17.2

4.3

Non-metallic mineral products

-6.0

-2.2

Leather products

-18.3

-5.0

Wood and wood products

-3.0

-9.8

 

 

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

(2000 = 100) (concluded)

Gainers

Month-on-Month Growth (%)

June 2013
May 2013
(revised)

Food manufacturing

7.4

-4.9

Chemical products

11.1

16.6

Electrical machinery

3.8

-6.0

Machinery except electrical

4.8

-3.2

Footwear and wearing apparel

8.3

14.2

Miscellaneous manufactures

10.1

-0.9

Furniture and fixtures

12.4

15.6

Rubber and plastic products

7.9

-4.1

Paper and paper products

3.5

-4.4

Wood and wood products

7.6

-2.9

Beverages

0.8

-3.8

 

Losers

Month-on-Month Growth (%)

June 2013
May 2013
(revised)

Petroleum products

-8.2

3.0

Tobacco products

-23.6

21.0

Basic metals

-9.9

-7.0

Transport equipment

-4.9

4.2

Textiles

-5.6

15.0

Publishing and printing 

-6.6

2.3

Non-metallic mineral products

-2.3

-2.3

Fabricated metal products

-1.2

-2.1

Leather products

-4.6

13.8

 

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