PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : September 2013

Release Date:
November 12, 2013

 

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

TOTAL MANUFACTURING

SEPTEMBER     
2013
AUGUST
2013

YEAR-ON-YEAR GROWTH

 

 

        Production Index (2000=100)  

 

 

       Value       (VaPI)

            8.6

           8.8r

       Volume    (VoPI)

          16.3

           16.0r

         Net Sales Index (2000=100)

 

 

       Value      (VaNSI)

         21.3

          21.7r

       Volume   (VoNSI)

        29.9

          29.7r

       Producer Price Index (2000=100)
        -6.4r
        -6.1r
r - revised
 
  • Value of Production Index grows in September 2013

Value of Production Index (VaPI) for the manufacturing reflected an annual increment of 8.6 percent in September 2013, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was accounted for by the consistent three-digit growth in VaPI for chemical products (156.2%) and two-digit growth in five major sectors. These sectors are furniture and fixtures (50.2%), leather products (44.5%), tobacco products (25.0%), publishing and printing (21.4%), and wood and wood products (17.8%). Refer to Tables 1-A and 1.

On a monthly basis, VaPI further increased by 4.0 percent in September 2013 from 1.8 percent growth in August 2013. Twelve major sectors exhibited increases in VaPI, with two-digit growth in the following: leather products (34.7%), machinery except electrical (27.9%), miscellaneous manufactures (14.9%), and chemical products (12.0%). Refer to Tables 1-A and 1.

 

  • Volume of Production sustains its two-digit growth

Volume of Production Index (VoPI) shows a two-digit annual growth of 16.3 percent in September 2013. The two major sectors that mainly influenced the increase in VoPI were chemical products and furniture and fixtures, registering growth of 173.3 percent and 167.9 percent, respectively. Other major sectors that contributed to the growth with two-digit increases were leather products (43.0%), tobacco products (34.4%), basic metals (21.8%), wood and wood products (13.3%), publishing and printing (11.4%), and rubber and plastic products (10.1%). Refer to Tables 1-B and 2.

On a month-on-month comparison, VoPI moved up increasingly to a growth of 5.3 percent in September 2013. Five major sectors exhibited two-digit increases in VoPI, namely: leather products (35.0%), machinery except electrical (31.4%), miscellaneous manufactures (16.7%), chemical products (13.3%), and electrical machinery (11.6%). Refer to Tables 1-B and 2.

 

 

 

  • Value of Net Sales post two-digit growth in September 2013

Value of Net Sales Index (VaNSI) maintained a two-digit growth rate registering at 21.3 percent in September 2013. Significant expansion in sales value was notably observed in chemical products with an annual growth of 192.6 percent. This was followed by eight other major sectors that posted two-digit increases, namely: furniture and fixtures (46.4%), machinery except electrical (38.5%), leather products (29.8%), textiles (26.4%), wood and wood products (26.0%), tobacco products (23.6%), basic metals (12.8%), and petroleum products (12.5%). Refer to Tables 2-A and 3.

On a month-on-month change, VaNSI grew 4.5 percent in September 2013. Among the 14 major sectors reporting increases in VaNSI, five major sectors significantly contributed to the increase, namely: publishing and printing (20.7%), leather products (12.7%), textiles (12.2%), chemical products (12.0%), and miscellaneous manufactures (11.8%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index slightly accelerates

Volume of Net Sales Index (VoNSI) continues to gain as it posted an annual growth of 29.9 percent in September 2013. This was due to the growth in 10 out of 12 major sectors that registered increases in VoNSI, with chemical products and furniture and fixtures posted the largest increase of 212.3 percent and 161.2 percent, respectively. This was followed by other eight major sectors that posted two-digit increases, namely: machinery except electrical (54.9%), tobacco products (33.0%), basic metals (31.0%), leather products (28.4%), textiles (24.4%), wood and wood products (21.1%), rubber and plastic products (14.4%), and petroleum products (11.2%). Refer to Tables 2-B and 4.

On a monthly basis, VoNSI also accelerated posting a rate of 5.8 percent in September 2013. The 14 major contributing sectors were led by publishing and printing (20.7%), miscellaneous manufactures (13.5%), chemical products (13.2%), leather products (12.9%), textiles (12.2%), and electrical machinery (10.5%). Refer  to  Tables 2-B and 4.

 

 

  • Capacity Utilization in September 2013 is 83.5 percent

Average capacity utilization in September 2013 for total manufacturing was recorded at 83.5 percent. More than 50 percent or eleven of the 20 major sectors registered capacity utilization rates of above 80 percent.  These are:

  • petroleum products (88.4%)
  • basic metals (87.6%)
  • non-metallic mineral products (86.1%)
  • machinery except electrical (85.3%)
  • food manufacturing (84.7%)
  • electrical machinery (84.6%)
  • chemical products (83.4%)
  • paper and paper products (83.3%)
  • rubber and plastic products (82.4%)
  • wood and wood products (81.4%)
  • publishing and printing (81.1%)

The proportion of establishments that operated at full capacity (90% to 100%) was 22.9 percent in September 2013. About 54.5 percent of the establishments operated at 70% to 89% capacity while 22.6 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: September 2013

Capacity Utilization

Percent Share

Below 50%

    6.0

50% - 59%

    5.5

60% - 69%

  11.1

70% - 79%

  18.3

80% - 89%

  36.2

 90% - 100%

  22.9

 

  • Reponse Rate

The response rates for the September 2013 MISSI and PPS are 80.8 percent and 92.9 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates For Total Manufacturing
(In percent)

 

September 2013

August 2013
(Revised)
MISSI
80.8
92.7r
PPS
92.9r
95.2r
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, August 2013– September 2013
(2000 =100)
 

Gainers

Year-on-Year Growth (%)

September 2013
August 2013
(revised)

Chemical products

156.2

133.6

Tobacco products

25.0

25.4

Furniture and fixtures

50.2

62.2

Publishing and printing

21.4

-5.4

Basic metals

4.9

31.0

Non-metalli mineral products

5.3

22.4

Leather products

44.5

30.8

Wood and wood products

17.8

25.5

Rubber and plastic products

1.1

-0.6

 

Losers

Year-on-Year Growth (%)

September 2013
August 2013
(revised

Petroleum products

-16.2

-0.7

Transport equipment

-34.7

-41.6

Machinery except electrical

-8.8

-23.2

Miscellaneous manufactures

-34.0

-38.0

Electrical machinery

-3.7

-8.2

Footwear and wearing apparel

-22.1

-25.4

Beverages

-9.7

14.8

Textiles

-18.2

-12.3

Food manufacturing

-1.1

-3.7

Paper and paper products

-8.1

-14.6

Fabricated metal products

-7.0

-18.1

 

TABLE 1-A  Value of Production Index, August 2013 – September 2013
(2000 = 100) (concluded)

 

Gainers

Month-on-Month Growth (%)

September 2013
August 2013
(revised)

Machinery except electrical

27.9

-20.9

Electrical machinery

9.6

7.4

Chemical products

12.0

11.2

Food manufacturing

3.1

2.9

Miscellaneous manufactures

14.9

-10.9

Transport equipment

5.8

-18.0

Footwear and wearing apparel

6.8

-14.2

Paper and paper products

5.4

-4.3

Leather products

34.7

-0.4

Non-metallic mineral products

2.2

-1.2

Tobacco products

3.2

-1.4

Fabricated metal products

1.0

-2.9

 

Losers

Month-on-Month Growth (%)

September 2013
August 2013
(revised)

Petroleum products

-9.7

-7.9

Basic metals

-2.6

8.1

Rubber and plastic products

-1.5

2.6

Publishing and printing

-3.5

2.8

Wood and wood products

-6.0

21.1

Beverages

-0.4

1.6

Textiles

-0.8

-3.2

Furniture and fixtures

-1.6

1.9

 
Notes:       Sectors are ranked according to their contribution to the overall 2000-based September 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, August 2013– September 2013
(2000 = 100)
 
 

Gainers

Year-on-Year Growth (%)

September 2013
August 2013
(revised)

Chemical products

173.3

141.0

Furniture and fixtures

167.9

194.5

Basic metals

21.8

48.7

Food manufacturing

4.4

2.9

Tobacco products

34.4

34.9

Rubber and plastic products

10.1

18.3

Machinery except electrical

2.0

-15.6

Non-metallic mineral products

6.0

19.8

Publishing and printing

11.4

-13.2

Leather products

43.0

29.1

Wood and wood products

13.3

22.7

 

Losers

Year-on-Year Growth (%)

September 2013
August 2013
(revised)

Petroleum products

-17.2

-4.2

Transport equipment

-26.8

-36.1

Electrical machinery

-4.7

-9.9

Miscellaneous manufactures

-41.2

-41.0

Footwear and wearing apparel

-27.0

-28.6

Beverages

-14.4

8.8

Textiles

-19.5

-13.7

Paper and paper products

-4.0

-10.8

Fabricated metal products

-4.3

-16.1

 

TABLE 1-B  Volume of Production Index, August 2013 – September 2013
(2000 = 100) (concluded)
 

Gainers

Month-on-Month Growth (%)

September 2013
August 2013
(revised)

Machinery except electrical

31.4

-22.4

Electrical machinery

11.6

4.9

Chemical products

13.3

11.6

Food manufacturing

3.2

1.2

Miscellaneous manufactures

16.7

-13.0

Transport equipment

7.0

-16.9

Footwear and wearing apparel

6.5

-14.0

Paper and paper products

6.7

-4.4

Leather products

35.0

-0.6

Non-metallic mineral products

2.5

-1.8

Tobacco products

3.2

-1.4

Furniture and fixtures

2.5

1.7

 

 

Losers

Month-on-Month Growth (%)

September 2013

August 2013
(revised)

Petroleum products

-8.5

-12.3

Basic metals

-1.7

7.1

Publishing and printing

-3.5

2.8

Rubber and plastic products

-1.3

2.5

Wood and wood products

-5.6

20.6

Beverages

-0.4

1.6

Textiles

-0.8

-3.5

Fabricated metal products

-0.1

-1.4

 
Notes:       Sectors are ranked according to their contribution to the overall 2000-based September 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, August 2013– September 2013
(2000 =100)
 
 

Gainers

Year-on-Year Growth (%)

September 2013
August 2013
(revised)

Chemical products

192.6

180.1

Machinery except electrical

38.5

17.2

Petroleum products

12.5

9.0

Basic metals

12.8

31.8

Textiles

26.4

10.2

Tobacco products

23.6

23.5

Furniture and fixtures

46.4

72.1

Wood and wood products

26.0

39.4

Fabricated metal products

5.2

-3.5

Leather products

29.8

10.4

Rubber and plastic products

5.0

8.6

Paper and paper products

0.4

0.3

 

Losers

Year-on-Year Growth (%)

September 2013
August 2013
(revised)

Electrical machinery

-10.3

-11.1

Food manufacturing

-8.6

-3.5

Transport equipment

-25.9

-35.9

Footwear and wearing apparel

-26.7

12.7

Publishing and printing

-39.3

-24.6

Beverages

-9.0

20.3

Non-metallic mineral products

-12.1

-9.9

Miscellaneous manufactures

-3.4

-7.8

 

 TABLE 2-A  Value of Net Sales Index, August 2013– September 2013
(2000 = 100) (concluded)
 

Gainers

Month-on-Month Growth (%)

September 2013
August 2013
(revised)

Electrical machinery

8.5

3.7

Chemical products

12.0

9.2

Machinery except electrical

6.1

-0.7

Basic metals

6.9

1.7

Publishing and printing

20.7

-5.6

Transport equipment

5.4

-11.5

Miscellaneous manufactures

11.8

-15.8

Textiles

12.2

-12.0

Paper and paper products

4.6

-4.9

Non-metallic mineral products

2.4

-10.5

Furniture and fixtures

4.7

-1.9

Fabricated metal products

2.4

-4.8

Leather products

12.7

-9.2

Beverages

0.4

-2.0

 

Losers

Month-on-Month Growth (%)

September 2013
August 2013
(revised)

Footwear and wearing apparel

-25.4

25.3

Food manufacturing

-2.6

5.7

Petroleum products

-2.0

-2.4

Tobacco products

-2.9

-1.8

Wood and wood products

-7.2

27.0

Rubber and plastic products

-1.7

-0.5

 
Notes:       Sectors are ranked according to their contribution to the overall 2000-based September 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, August 2013– September 2013
(2000 = 100)
 
 
 

Gainers

Year-on-Year Growth (%)

September 2013
August 2013
(revised)

Chemical products

212.3

188.9

Machinery except electrical

54.9

28.8

Basic metals

31.0

49.6

Furniture and fixtures

161.2

212.6

Petroleum products

11.2

5.2

Tobacco products

33.0

32.9

Textiles

24.4

8.4

Rubber and plastic products

14.4

29.3

Fabricated metal products

8.3

-1.2

Wood and wood products

21.1

36.2

Paper and paper products

5.0

4.7

Leather products

28.4

9.0

 

Losers

Year-on-Year Growth (%)

September 2013
August 2013
(revised)

Electrical machinery

-11.2

-12.8

Footwear and wearing apparel

-31.3

8.0

Transport equipment

-17.0

-29.9

Beverages

-13.7

14.1

Food manufacturing

-3.5

3.1

Publishing and printing

-44.4

-30.8

Non-metallic mineral products

-11.5

-11.8

Miscellaneous manufactures

-14.0

-12.4

 

TABLE 2-B  Volume of Net Sales Index, August 2013– September 2013
(2000 = 100) (concluded)

 

Gainers

Month-on-Month Growth (%)

September 2013
August 2013
(revised)

Electrical machinery

10.5

1.2

Chemical products

13.2

9.7

Machinery except electrical

9.0

-2.7

Basic metals

8.0

0.7

Transport equipment

6.6

-10.3

Miscellaneous manufactures

13.5

-17.8

Publishing and printing

20.7

-5.6

Textiles

12.2

-12.3

Paper and paper products

5.8

-5.0

Non-metallic mineral products

2.8

-11.0

Furniture and fixtures

9.1

-2.0

Leather products

12.9

-9.3

Beverages

0.4

-2.0

Fabricated metal products

1.3

-3.4

 

Losers

Month-on-Month Growth (%)

September 2013
August 2013
(revised)

Footwear and wearing apparel

-25.6

25.7

Food manufacturing

-2.5

3.9

Petroleum products

-0.7

-7.1

Tobacco products

-2.9

-1.8

Wood and wood products

-6.8

26.5

Rubber and plastic products

-1.5

-0.5

 

Notes:       Sectors are ranked according to their contribution to the overall 2000-based September 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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