PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : October 2013

Release Date:
December 10, 2013

 

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

TOTAL MANUFACTURING

OCTOBER    
2013
SEPTEMBER
2013

YEAR-ON-YEAR GROWTH

 

 

    Production Index (2000=100)

 

 

       Value       (VaPI)

        18.2

            11.9r

       Volume    (VoPI)

        25.3

           19.9r

     Net Sales Index (2000=100)

 

 

       Value      (VaNSI)

        28.0

          22.6r

       Volume   (VoNSI)

        35.6

          31.5r

     Producer Price Index (2000=100)

        -5.6r

          -6.7r

r - revised

 

  • Value of Production Index in October 2013 posts the highest growth since May 2010

Value of Production Index (VaPI) for the manufacturing posted an annual increase  of 18.2 percent in October 2013, the highest since 19.3 percent growth recorded in May 2010, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was brought about by the consistent three-digit growth experienced by chemical products (200.9%) and leather products (193.5%). Double-digit growths in VaPI were also recorded by eleven major sectors. These were the following: furniture and fixtures (94.1%), tobacco products (49.7%), basic metals (31.2%), publishing and printing (29.2%), textiles (27.1%), rubber and plastic products (22.2%), machinery except electrical (21.3%), non-metallic mineral products (17.7%), electrical machinery (16.4%), footwear and wearing apparel (14.9%) and fabricated metal products (10.1%). Refer to Tables 1-A and 1.

On a monthly basis, VaPI reflected an increment of 7.1 percent in October 2013. Increases were observed in fourteen major sectors with double-digit growths in nine major sectors led by footwear and wearing apparel (59.9%). Refer to Tables 1-A and 1.

 

  • Volume of Production Index Keeps its two-digit in October 2013

Volume of Production Index (VoPI) further increased in October 2013 registering a two-digit annual growth of 25.3 percent. Three major sectors mainly influenced the growth, these were chemical products, furniture and fixtures and leather products, with growths of 215.0 percent, 208.1 percent and 190.5 percent, respectively. Nine other major sectors that contributed to the significant performance of VoPI  were tobacco products (61.5%), basic metals (49.2%), machinery except electrical (35.4%), rubber and plastic products (32.9%), textiles (24.9%), publishing and printing (18.5%), non-metallic mineral products (16.8%), electrical machinery (15.3%), and fabricated metal products (13.3%). Refer to Tables 1-B and 2.

On a monthly basis, however, VoPI gained at a slower rate of 6.7 percent growth in October 2013. Nine major sectors contributed to the growth namely: footwear and wearing apparel (59.9%), leather products (26.1%), petroleum products (18.5%), textiles (18.1%), tobacco products (17.4%), basic metals (17.3%), non-metallic mineral products (13.5%), rubber and plastic products (12.2%) and fabricated metal products (10.0%). Refer to Tables 1-B and 2.

 

 

 

  • Value of Net Sales Index maintains an upward trend in October 2013

Value of Net Sales Index (VaNSI) registered a 28.0 percent increase in October 2013, keeping its double-digit growth since June 2013. This can be attributed to the significant expansion in sales value registered by chemical products with an annual increase of 248.4 percent. Moreover, nine major sectors with double-digit increases also pulled-up the VaNSI namely:  furniture and fixtures (80.5%), machinery except electrical (42.3%), tobacco products (33.8%), leather products (33.3%), textiles (28.4%), transport equipment (21.1%), publishing and printing (20.9%), wood and wood products (15.7%) and basic metals (15.1%). Refer to Tables 2-A and 3.

On a month-on-month change, VaNSI posted an increase of 3.7 percent in October 2013. This was influenced by the significant growths of three major sectors namely: tobacco products (16.7%), footwear and wearing apparel ((13.0%) and furniture and fixtures (12.4%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index grows further

Volume of Net Sales Index (VoNSI) gained further as it posted a two-digit increment of 35.6 percent in October 2013. Fourteen major sectors accounted for the growth in VoPI led by chemical products and furniture and fixtures that posted the largest increase of 264.8 percent and 186.4 percent, respectively. Other major sectors that exhibited two-digit increases were the following: machinery except electrical (58.8%), tobacco products (44.3%), transport equipment (34.4%), leather products (31.8%), basic metals (30.9%), textiles (26.2%), fabricated metals (11.4%), wood and wood products (11.4%), and publishing and printing (10.9%). Refer to Tables 2-B and 4.

On a month-on-month comparison, VoNSI posted an increment of 3.4 percent in October 2013. Sectors that significantly influenced the increase were the tobacco products and footwear and wearing apparel, with two-digit increases of 16.7 percent and 13.0 percent, respectively. Refer  to  Tables 2-B and 4.

 

 

  • Capacity Utilization in October 2013 is 83.6 percent

Average capacity utilization in October 2013 for total manufacturing was recorded at 83.6 percent. More than 50 percent or eleven of the 20 major sectors registered capacity utilization rates of above 80 percent.  These are:

  • petroleum products (88.7%)
  • basic metals (87.8%)
  • non-metallic mineral products (86.1%)
  • machinery except electrical (84.9%)
  • food manufacturing (84.5%)
  • electrical machinery (84.4%)
  • chemical products (83.7%)
  • paper and paper products (83.0%)
  • rubber and plastic products (82.6%)
  • wood and wood products (81.4%)
  • publishing and printing (81.2%)

 

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

Capacity Utilization

Percent Share

Below 50%

6.0

50% - 59%

5.3

60% - 69%

11.1

70% - 79%

18.4

80% - 89%

36.3

90% - 100%

22.9

 

  • Industry Coverage

Starting with January 2013 reference month, the MISSI utilizes the 2009 Philippine Standard Industry Classification (PSIC) to classify sectors and industries. Twenty industry classes of the 2009 PSIC were grouped to form the industry coverage of the 2013 MISSI. These are presented in the table below.

 

2009 PSIC CODE

INDUSTRY DESCRIPTION

C10

Food manufacturing *

C11

Beverages

C12

Tobacco products

C13

Textiles*

C14, C152

Footwear and wearing apparel

C151

Leather products

C16

Wood and wood products*

C17

Paper and paper products

C18, J581

Publishing and printing

C19

Petroleum products*

C20,C21

Chemical products*

C22

Rubber and plastic products*

C23

Non-metallic mineral products*

C24

Basic metals*

C25,C3311

Fabricated metal products

C262,C275,C28,

C263,C268,C3312,C332

Machinery except electrical*

C261,C264,C27,

C29301,C3314,C3319

Electrical machinery*

C29exceptC29301,

C30,C3315

Transport equipment

C31

Furniture and fixtures

C265,C266,C267,C32, C3313

Miscellaneous manufactures

Note:  * - Major sectors categorized  into sub-sectors

 

  • Response Rate

The response rates for the October 2013 MISSI and PPS are 80.0 percent and 88.9 percent, respectively.  Refer to Tables 7 and 8.

Table C  Response Rates For Total Manufacturing
(In percent)

 

October 2013

September 2013
(Revised)

MISSI

80.0

92.2r

PPS

88.9r

94.0r

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, September 2013– October 2013
   (2000 =100)

Gainers

Year-on-Year Growth (%)

October 2013

September 2013
(revised)

Chemical products

200.9

156.8

Electrical machinery

16.4

-3.3

Machinery except electrical

21.3

7.7

Basic metals

31.2

16.6

Tobacco products

49.7

41.1

Furniture and fixtures

94.1

96.0

Rubber and plastic products

22.2

16.4

Non-metallic mineral products

17.7

10.5

Textiles

27.1

5.8

Footwear and wearing apparel

14.9

-9.1

Leather products

193.5

103.8

Publishing and printing

29.2

48.0

Fabricated metal products

10.1

3.7

Wood and wood products

9.8

17.

 

Losers

Year-on-Year Growth (%)

October 2013

September 2013
(revised)

Food manufacturing

-9.0

0.1

Petroleum products

-9.5

-16.2

Transport equipment

-21.5

-34.2

Miscellaneous manufactures

-34.7

-34.3

Beverages

-11.3

-15.0

Paper and paper products

-22.6

-5.9

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

Gainers

Month-on-Month Growth (%)

October 2013
September 2013
(revised)

Petroleum products

18.3

-9.7

Footwear and wearing apparel

59.9

24.3

Basic metals

17.5

5.6

Chemical products

6.0

13.1

Non-metallic mineral products

14.2

7.9

Rubber and plastic products

12.3

9.3

Tobacco products

17.4

12.9

Textiles

18.1

30.4

Food manufacturing

1.7

3.7

Machinery except electrical

2.9

51.9

Beverages

4.2

-6.1

Fabricated metal products

10.1

11.5

Transport equipment

2.3

24.7

Leather products

26.0

87.4

 

Losers

Month-on-Month Growth (%)

October 2013

September 2013
(revised)

Paper and paper products

-10.8

5.3

Electrical machinery

-1.1

9.9

Miscellaneous manufactures

-4.1

9.9

Publishing and printing

-4.5

17.7

Furniture and fixtures

-2.6

27.9

Wood and wood products

-2.0

-6.0

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

Gainers

Year-on-Year Growth (%)

October 2013
September 2013
(revised)

Chemical products

215.0

175.3

Machinery except electrical

35.4

20.7

Electrical machinery

15.3

-4.3

Basic metals

49.2

34.2

Furniture and fixtures

208.1

238.8

Tobacco products

61.5

51.8

Rubber and plastic products

32.9

26.8

Non-metallic mineral products

16.8

11.2

Textiles

24.9

4.1

Leather products

190.5

101.6

Footwear and wearing apparel

8.4

-14.9

Publishing and printing

18.5

35.8

Fabricated metal products

13.3

6.8

Wood and wood products

5.7

13.3

 

Losers

Year-on-Year Growth (%)

October 2013
September 2013
(revised)

Petroleum products

-12.1

-16.9

Miscellaneous manufactures

-41.9

-41.5

Beverages

-15.9

-19.3

Transport equipment

-13.0

-26.3

Food manufacturing

-3.2

7.7

Paper and paper products

-19.6

-1.7

 

 

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

Gainers

Month-on-Month Growth (%)

October 2013
September 2013
(revised)

Petroleum products

18.5

98.4

Footwear and wearing apparel

59.9

24.0

Basic metals

17.3

6.5

Chemical products

6.5

14.7

Machinery except electrical

5.0

56.1

Non-metallic mineral products

13.5

8.2

Rubber and plastic products

12.2

9.5

Tobacco products

17.4

12.9

Textiles

18.1

30.4

Food manufacturing

1.5

3.9

Beverages

4.2

-6.1

Fabricated metal products

10.0

10.3

Leather products

26.1

87.7

Transport equipment

0.4

26.2

 

 

Losers

Month-on-Month Growth (%)

October 2013

September 2013
(revised)

Paper and paper products

-11.0

6.5

Furniture and fixtures

-10.9

29.0

Miscellaneous manufactures

-3.5

11.6

Publishing and printing

-4.5

17.7

Electrical machinery

-0.2

11.9

Wood and wood products

-1.9

-5.6

 

 

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

Gainers

Year-on-Year Growth (%)

October 2013
September 2013
(revised)

Chemical products

248.4

193.9

Machinery except electrical

42.3

44.4

Transport equipment

21.1

-18.4

Petroleum products

6.3

12.5

Basic metals

15.1

13.6

Tobacco products

33.8

23.6

Furniture and fixtures

80.5

47.4

Textiles

28.4

19.4

Publishing and printing

20.9

-38.9

Fabricated metal products

8.2

8.1

Wood and wood products

15.7

26.0

Leather products

33.3

29.5

Beverages

0.9

-4.1

Miscellaneous manufactures

2.0

-1.1

Paper and paper products

2.1

0.4

Rubber and plastic products

0.7

7.6

 

Losers

Year-on-Year Growth (%)

October 2013
September 2013
(revised)

Food manufacturing

-14.2

-8.0

Electrical machinery

-6.9

-10.2

Footwear and wearing apparel

-26.5

-26.5

Non-metallic mineral products

-14.9

-11.6

 

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

Gainers

Month-on-Month Growth (%)

October 2013
September 2013
(revised)

Petroleum products

9.7

-2.0

Chemical products

7.0

13.4

Machinery except electrical

4.7

10.4

Footwear and wearing apparel

13.0

-25.2

Tobacco products

16.7

-2.9

Beverages

4.9

5.7

Non-metallic mineral products

7.1

2.8

Furniture and fixtures

12.4

7.7

Fabricated metal products

6.2

4.8

Basic metals

1.0

7.8

Paper and paper products

2.0

5.5

 

Losers

Month-on-Month Growth (%)

October 2013
September 2013
(revised)

Electrical machinery

-2.9

9.1

Transport equipment

-3.6

16.1

Miscellaneous manufactures

-2.4

10.7

Textiles

-2.7

13.1

Food manufacturing

-0.1

0.4

Wood and wood products

-2.8

-7.2

Publishing and printing

-1.0

21.7

Rubber and plastic products

-0.3

-1.5

Leather products

-1.0

12.5

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

Year-on-Year Growth (%)

October 2013
September 2013
(revised)

Chemical products

264.8

215.1

Machinery except electrical

58.8

61.8

Transport equipment

34.4

-8.7

Furniture and fixtures

186.4

154.7

Basic metals

30.9

30.7

Tobacco products

44.3

33.0

Textiles

26.2

17.5

Petroleum products

3.3

11.6

Fabricated metal products

11.4

11.3

Publishing and printing

10.9

-44.0

Paper and paper products

6.0

4.9

Rubber and plastic products

9.5

17.2

Leather products

31.8

28.1

Wood and wood products

11.4

21.1

 

Losers

Year-on-Year Growth (%)

October 2013

September 2013

(revised)

Food manufacturing

-8.8

-0.9

Electrical machinery

-7.8

-11.2

Footwear and wearing apparel

-30.6

-31.2

Non-metallic mineral products

-15.5

-11.0

Beverages

-4.3

-9.1

Miscellaneous manufactures

-9.2

-12.0

 

 

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

Gainers

Month-on-Month Growth (%)

October 2013
September 2013
(revised)

Petroleum products

9.9

-0.6

Chemical products

7.5

15.0

Machinery except electrical

6.9

13.5

Footwear and wearing apparel

13.0

-25.4

Tobacco products

16.7

-2.9

Beverages

4.9

5.7

Non-metallic mineral products

6.4

3.2

Fabricated metal products

6.2

3.7

Basic metals

0.9

8.7

Paper and paper products

1.8

6.8

Furniture and fixtures

2.8

8.7

 

Losers

Month-on-Month Growth (%)

October 2013
September 2013
(revised)

Electrical machinery

-2.1

11.1

Transport equipment

-5.4

17.5

Food manufacturing

-0.4

0.5

Textiles

-2.7

13.1

Miscellaneous manufactures

-1.7

12.4

Wood and wood products

-2.7

-6.8

Publishing and printing

-1.0

21.7

Rubber and plastic products

-0.4

-1.3

Leather products

-1.2

12.7

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