PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : August 2013

Release Date:
October 10, 2013

 

 

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

TOTAL MANUFACTURING

     AUGUST     
2013
JULY
2013

YEAR-ON-YEAR GROWTH

 

 

        Production Index (2000=100)

 

 

       Value       (VaPI)

          10.7

           7.7r

       Volume    (VoPI)

          18.3

           14.9r

         Net Sales Index (2000=100)

 

 

       Value      (VaNSI)

         22.0

          19.9r

       Volume   (VoNSI)

         30.3

          27.9r

     Producer Price Index (2000=100)

          -6.3r

          -6.2r

                                      r - revised

 

  • Value of Production Index on upward trend in August 2013

Value of Production Index (VaPI) for the manufacturing recorded a two-digit annual growth of 10.7 percent from a single-digit growth of 7.7 percent in July 2013, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). The two major sectors that mainly influenced the increase in production values were chemical products and leather products, registering growth of 137.2 percent and 104.5 percent, respectively. Other major sectors that contributed to the growth with two-digit increases were furniture and fixtures (52.9%), beverages (43.7%), basic metals (33.8%), tobacco products (28.5%), non-metallic mineral products (26.4%), and wood and wood products (24.4%). Refer to Tables 1-A and 1.

On a monthly comparison, VaPI grew at a slower rate of 1.7 percent in August 2013. This was attributed to the increases in production values in nine major sectors, offsetting the decreases reported by 11 major sectors. Refer to Tables 1-A and 1.

 

  • Volume of Production Index accelerates further in August 2013

On a year-on-year basis, Volume of Production Index (VoPI) continued to experience an upward trend as it posted a two-digit growth of 18.3 percent in August 2013. Three of the 20 major sectors significantly contributed to the increase in production output, namely: furniture and fixtures (175.4%), chemical products (145.0%), and leather products (101.9%).  Other top grosser that posted two-digit increments were basic metals (51.9%), tobacco products (38.3%), beverages (36.3%), non-metallic mineral products (23.6%), wood and wood products (21.6%), and rubber and plastic products (20.4%). Refer to Tables 1-B and 2.

On a month-on-month basis, VoPI sustained its positive growth with a slight increase of 0.8 percent in August 2013. Major sectors that significantly contributed to the increase were wood and wood products (19.6%), chemical products (13.4%), and basic metals (10.0%). Refer to Tables 1-B and 2.

 

 

  • Value of Net Sales continues to accelerate in August 2013

Value of Net Sales Index (VaNSI) continued to grow as it posted a year-on-year increase of 22.0 percent in August 2013. Significant expansion in sales value was observed in chemical products with an annual growth of 181.9 percent. This was followed by other eight major sectors that posted two-digit increases, namely: furniture and fixtures (72.2%), wood and wood products (39.5%), basic metals (29.3%), tobacco products (25.8%), beverages (19.3%), footwear and wearing apparel (13.5%), leather products (11.5%), and textiles (10.3%). Refer to Tables 2-A and 3.

VaNSI, on a monthly basis, also posted an increase of 2.4 percent in August 2013. Three major sectors exhibited two-digit increases in sales value, namely: wood and wood products (27.1%), footwear and wearing apparel (26.0%), and chemical products (10.1%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales also expands in August 2013

Volume of Net Sales Index (VoNSI) grew further as it posted an annual increment of 30.3 percent in August 2013. The major contributing factor was the expansion in sales output of 14 major sectors of manufacturing industry led by furniture and fixtures and chemical products, with three-digit growth of 210.1 percent and 191.1 percent, respectively. Major sectors that also influence the expansion with two-digit increases were basic metals (46.7%), wood and wood products (36.3%), tobacco products (35.3%), rubber and plastic products (29.9%), machinery except electrical (15.1%), beverages (13.1%), and leather products (10.1%). Refer to Tables 2-B and 4.

On a month-on-month comparison, VoNSI also accelerated in August 2013 posting an increase of 1.4 percent. The major sectors that recorded two-digit increases in sales volume were wood and wood products (26.6%), footwear and wearing apparel (26.3%) and chemical products (10.7%). Refer  to  Tables 2-B and 4.

 

 

  • Capacity Utilization in August 2013 is 83.4 percent

Average capacity utilization in August 2013 for total manufacturing was recorded at 83.4 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 (87.8%)
  • non-metallic mineral products (86.3%)
  • machinery except electrical (84.6%)
  • food manufacturing (84.4%)
  • electrical machinery (84.3%)
  • paper and paper products (83.2%)
  • chemical products (82.9%)
  • rubber and plastic products (82.5%)
  • wood and wood products (81.7%)

 

The proportion of establishments that operated at full capacity (90% to 100%) was 22.7 percent in August 2013. About 55.1 percent of the establishments operated at 70% to 89% capacity while 22.2 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: August 2013

Capacity Utilization

Percent Share

Below 50%

    6.1

50% - 59%

    5.3

60% - 69%

  10.8

70% - 79%

  19.1

80% - 89%

  36.0

 90% - 100%

  22.7

 

  • Response Rate

The response rates for the August 2013 MISSI and PPS are 80.1 percent and 91.7 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates For Total Manufacturing

(In percent)

 

August 2013

July 2013
(Revised)

MISSI

80.1

92.0r

PPS

91.7r

96.3r

                                                 r-revised

 

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, July 2013– August 2013

   (2000 =100)

 

Gainers

Year-on-Year Growth (%)

August 2013
July 2013
(revised)

Chemical products

137.2

118.9

Beverages

43.7

21.8

Basic metals

33.8

54.7

Non-metallic mineral products

26.4

14.3

Tobacco products

28.5

8.1

Furniture and fixtures

52.9

57.2

Leather products

104.5

72.3

Wood and wood products

24.4

19.7

Rubber and plastic products

1.3

-4.1

Publishing and printing

1.6

3.6

 

Losers

Year-on-Year Growth (%)

August 2013
July 2013
(revised)

Machinery except electrical

-21.7

-8.7

Transport equipment

-42.8

-26.0

Electrical machinery

-7.3

-13.2

Miscellaneous manufactures

-39.5

-33.6

Footwear and wearing apparel

-24.0

-24.9

Food manufacturing

-3.9

-5.0

Paper and paper products

-17.4

-13.3

Fabricated metal products

-20.0

-19.4

Textiles

-13.1

-18.5

Petroleum products

-0.6

-0.2

 

 

 

  TABLE 1-A  Value of Production Index, July 2013 – August 2013

(2000 = 100) (concluded)

Gainers

Month-on-Month Growth (%)

August 2013
July 2013
(revised)

Electrical machinery

6.8

-8.7

Chemical products

12.8

9.3

Basic metals

11.0

2.4

Wood and wood products

20.1

-2.7

Non-metallic mineral products

2.6

5.1

Beverages

1.6

0.2

Rubber and plastic products

2.1

-1.2

Publishing and printing

4.8

3.2

Leather products

2.3

56.6

 

Losers

Month-on-Month Growth (%)

August 2013
July 2013
(revised)

Machinery except electrical

-17.9

2.9

Petroleum  products

-7.8

4.4

Transport equipment

-19.4

38.3

Footwear and wearing apparel

-12.9

-13.6

Miscellaneous manufactures

-10.5

2.2

Paper and paper products

-5.9

1.0

Textiles

-3.7

14.3

Fabricated metal products

-2.2

8.3

Furniture and fixtures

-3.8

-4.5

Food manufacturing

-0.1

3.2

Tobacco products      

-0.1

20.3

 
     Notes:   Sectors are ranked according to their contribution to the overall 2000-based August 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, July 2013– August 2013

(2000 = 100)

Gainers

Year-on-Year Growth (%)

August 2013
July 2013
(revised)

Chemical products

145.0

134.2

Basic metals

51.9

79.6

Beverages

36.3

15.5

Furniture and fixtures

175.4

135.9

Tobacco products

38.3

16.3

Food manufacturing

4.1

3.3

Non-metallic mineral products

23.6

12.1

Rubber and plastic products

20.4

10.2

Leather products

101.9

70.3

Wood and wood products

21.6

17.1

 

Losers

Year-on-Year Growth (%)

August 2013
July 2013
(revised)

Electrical machinery

-9.0

-13.2

Transport equipment

-37.4

-21.3

Machinery except electrical

-13.9

1.7

Miscellaneous manufactures

-42.4

-35.1

Footwear and wearing apparel

-27.2

-28.9

Petroleum products

-4.1

-5.4

Textiles

-14.5

-19.8

Paper and paper products

-13.8

-12.0

Fabricated metal products

-18.1

-19.4

Publishing and printing

-6.8

-5.0

 

 

TABLE 1-B  Volume of Production Index, July 2013 – August 2013

(2000 = 100) (concluded)

 

Gainers

Month-on-Month Growth (%)

August 2013
July 2013
(revised)

Chemical products

13.4

10.8

Electrical machinery

4.3

-7.7

Basic metals

10.0

3.4

Wood and wood products

19.6

-2.8

Beverages

1.6

0.2

Publishing and printing

4.8

3.2

Rubber and plastic products

1.7

-1.2

Non-metallic mineral products

1.6

5.4

Leather products

2.1

56.6

 

 

Losers

Month-on-Month Growth (%)

August 2013
July 2013
(revised)

Machinery except electrical

-19.5

2.8

Petroleum products

-12.3

5.8

Transport equipment

-18.3

38.7

Footwear and wearing apparel

-12.7

-12.8

Miscellaneous manufactures

-12.6

4.2

Paper and paper products

-6.1

-0.4

Textiles

-3.9

12.9

Food manufacturing

-0.4

2.6

Furniture and fixtures

-4.8

14.2

Fabricated metal products

-0.8

8.7

Tobacco products

-0.1

20.3

 

     Notes:           Sectors are ranked according to their contribution to the overall 2000-based August 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, July 2013– August 2013

(2000 =100)

 

Gainers

Year-on-Year Growth (%)

August 2013
July 2013
(revised)

Chemical products

181.9

163.2

Basic metals

29.3

78.1

Petroleum products

9.0

1.8

Beverages

19.3

16.4

Furniture and fixtures

72.2

75.0

Tobacco products

25.8

34.6

Machinery except electrical

4.5

5.6

Footwear and wearing apparel

13.5

-19.6

Wood and wood products

39.5

17.4

Textiles

10.3

10.1

Rubber and plastic products

9.4

4.8

Leather products

11.5

22.0

 
 
 
Losers

Year-on-Year Growth (%)

August 2013
July 2013
(revised)

Electrical machinery

-8.3

-4.7

Transport equipment

-28.8

-21.2

Food manufacturing

-5.4

-10.5

Publishing and printing

-24.3

-4.4

Non-metallic mineral products

-5.4

9.6

Miscellaneous manufactures

-6.9

8.6

Fabricated metal products

-7.5

-5.6

Paper and paper products

-3.9

-0.5

 
 
 

TABLE 2-A  Value of Net Sales Index, July 2013– August 2013

(2000 = 100) (concluded)

 

Gainers

Month-on-Month Growth (%)

August 2013
July 2013
(revised)

Chemical products

10.1

13.9

Footwear and wearing apparel

26.0

-16.2

Electrical machinery

4.2

-4.5

Food manufacturing

3.0

-6.4

Machinery except electrical

3.5

-2.2

Wood and wood products

27.1

-5.8

Rubber and plastic products

0.5

-0.8

Tobacco products

1/

6.8

 
 

Losers

Month-on-Month Growth (%)

August 2013
July 2013
(revised)

Transport equipment

-10.0

32.6

Beverages

-8.6

-1.3

Miscellaneous manufactures

-13.2

-3.0

Petroleum products

-2.4

8.5

Textiles

-12.0

4.4

Non-metallic mineral products

-6.9

3.0

Paper and paper products

-7.1

4.6

Fabricated metal products

-5.5

10.6

Publishing and printing

-5.3

13.8

Leather products

-5.7

13.7

Furniture and fixtures

-1.6

-2.3

Basic metals

-0.2

8.0

 
 
 
   Notes:    Sectors are ranked according to their contribution to the overall 2000-based August 2013 growth rate.
                   1/ -  Less than 0.1 percent increase
                   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, July 2013– August 2013

(2000 = 100)

 

Gainers

Year-on-Year Growth (%)

August 2013
July 2013
(revised)

Chemical products

191.1

181.5

Basic metals

46.7

106.7

Furniture and fixtures

210.1

162.6

Machinery except electrical

15.1

17.6

Tobacco products

35.3

44.8

Beverages

13.1

10.3

Petroleum products

5.2

-3.5

Food manufacturing

2.4

-2.7

Rubber and plastic products

29.9

20.4

Footwear and wearing apparel

8.7

-24.0

Wood and wood products

36.3

14.9

Textiles

8.5

8.3

Leather products

10.1

20.6

Paper and paper products

0.2

1.0

 
 

Losers

Year-on-Year Growth (%)

August 2013
July 2013
(revised)

Electrical machinery

-9.9

-4.7

Transport equipment

-22.2

-16.2

Publishing and printing

-30.6

-12.3

Miscellaneous manufactures

-11.5

6.2

Non-metallic mineral products

-7.5

7.5

Fabricated metal products

-5.3

-5.5

 
 

TABLE 2-B  Volume of Net Sales Index, July 2013– August 2013

(2000 = 100) (concluded)

Gainers

Month-on-Month Growth (%)

August 2013
July 2013
(revised)

Chemical products

10.7

15.4

Footwear and wearing apparel

26.3

-15.4

Food manufacturing

2.7

-6.7

Electrical machinery

1.8

-3.4

Wood and wood products

26.6

-5.9

Machinery except electrical

1.5

-2.3

Rubber and plastic products

0.1

-0.7

Tobacco products

1/

6.8

 
 
 
Losers

Month-on-Month Growth (%)

August 2013
July 2013
(revised)

Petroleum products

-7.1

9.9

Beverages

-8.6

-1.3

Transport equipment

-8.8

33.1

Miscellaneous manufactures

-15.3

-1.1

Non-metallic mineral products

-7.7

3.2

Textiles

-12.2

3.1

Paper and paper products

-7.2

3.1

Publishing and printing

-5.3

13.8

Fabricated metal products

-4.1

11.0

Basic metals

-1.2

9.0

Furniture and fixtures

-2.6

16.7

Leather products

-5.8

13.7

 
 
      Notes:   Sectors are ranked according to their contribution to the overall 2000-based August 2013 growth rate.
                     1/ -  Less than 0.1 percent increase
     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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