PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : November 2013

Release Date:
January 10, 2014

 

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

TOTAL MANUFACTURING

NOVEMBER
2013
OCTOBER
2013

YEAR-ON-YEAR GROWTH

 

 

Production Index (2000=100)

 

 

Value    (VaPI)

16.2

13.7r

Volume    (VoPI)

21.3

20.7r

Net Sales Index (2000=100)

 

 

Value    (VaNSI)

32.2

27.1r

Volume    (VoNSI)

38.0

34.8r

Producer Price Index (2000=100)

-4.2r

-5.7r

r - revised

 

  • Value of Production Index remains robust in November 2013

Value of Production Index (VaPI) for the manufacturing continued to pick up as it reported a year-on-year increase of 16.2 percent in November 2013 inspite of the catastrophe that befell the country during this month, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This can be attributed to the consistent expansion in production value registered by chemical products with an annual increase of 190.1 percent. Moreover, eight major sectors with double-digit increases also pulled-up the VaPI, namely: furniture and fixtures (59.6%), leather products (35.1%), machinery except electrical (32.6%), beverages (25.7%), tobacco products (24.8%), basic metals (20.5%), wood and wood products (12.4%), and rubber and plastic products (11.8%). Refer to Tables 1-A and 1.

VaPI, on a month-on-month comparison, reported a slower increment of 1.6 percent in November 2013. This was accounted for by seven major sectors which recorded growths in VaPI, offsetting the decreases reported by 13 major sectors. Refer to Tables 1-A and 1.

 

  • Volume of Production Index accelerates more in November 2013

Volume of Production Index (VoPI) further rose in November 2013 registering a two-digit annual growth of 21.3 percent. This was brought about by the three-digit growth experienced by chemical products (203.1%) and furniture and fixtures (147.3%). Double-digit growths in VoPI were also recorded by six other major sectors, namely: machinery except electrical (43.4%), tobacco products (34.6%), leather products (33.5%), basic metals (32.9%), rubber and plastic products (21.4%), beverages (19.5%). Refer to Tables 1-B and 2.

On a monthly basis, however, VoPI reflected a minimal increase of 0.8 percent growth in November 2013. This is explained by the better performances in production output in the following major sectors: beverages (25.3%), paper and paper products (12.8%), and chemical products (11.1%).  Refer to Tables 1-B and 2.

 

 

 

  • Value of Net Sales Index strides up in November 2013

Value of Net Sales Index (VaNSI), on a year-on-year basis, consistently grew 32.2 percent in November 2013. Eleven major sectors mainly influenced the growth led by chemical products, with three-digit growth of 244.8 percent. The ten other major sectors that contributed to the significant performance of VaNSI were furniture and fixtures (58.5%), tobacco products (45.3%), leather products (39.8%), machinery except electrical (29.1%), textiles (27.0%), publishing and printing (22.1%), rubber and plastic products (15.1%), wood and wood products (14.0%), fabricated metal products (10.7%), and petroleum products (10.6%). Refer to Tables 2-A and 3.

On a monthly basis, VaNSI gained 2.3 percent in November 2013. This was due to the increase in VaNSI exhibited by seven major sectors, outpacing the overall decrease reported by 13 major sectors. Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index continues to grow

Volume of Net Sales Index (VoNSI) also expanded, posting 38.0 percent growth in November 2013. Thirteen major sectors accounted for the growth in VoNSI led by chemical products and furniture and fixtures that posted the largest increase of 260.3 percent and 145.5 percent, respectively. Other major sectors that exhibited two-digit increases were the following: tobacco products (56.7%), machinery except electrical (39.6%), leather products (38.1%), rubber and plastic products (25.0%), textiles (24.6%), basic metals (18.1%), fabricated metals (14.6%), and publishing and printing (12.0%), and wood and wood products (10.3%). Refer to Tables 2-B and 4.

On a month-on-month change, VoNSI posted a slower increment of 1.5 percent in November 2013. This was due to the increases in VoNSI observed in seven major sectors, outpacing the decreases reported by 13 major sectors. Refer  to  Tables 2-B and 4.

 

 

  • Capacity Utilization in November 2013 is 83.4 percent

Average capacity utilization in November 2013 for total manufacturing was recorded at 83.4 percent. More than 50 percent or eleven of the 20 major sectors registered capacity utilization rates of above 80 percent.  These are:

  • petroleum products (89.0%)
  • basic metals (87.8%)
  • non-metallic mineral products (86.2%)
  • electrical machinery (84.7%)
  • machinery except electrical (84.6%)
  • food manufacturing (84.6%)
  • chemical products (83.9%)
  • paper and paper products (83.4%)
  • rubber and plastic products (82.6%)
  • wood and wood products (81.2%)
  • publishing and printing (81.2%)

The proportion of establishments that operated at full capacity (90% to 100%) was 22.9 percent in November 2013. About 54.7 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: November 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*

C29 except C29301,

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 November 2013 MISSI and PPS are 72.4 percent and 90.0 percent, respectively.  Refer to Tables 7 and 8.

Table C  Response Rates For Total Manufacturing
(In percent)

 

November 2013

October 2013
(Revised)

MISSI

72.4

89.9r

PPS

90.0r

94.3r

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, October 2013– November 2013
(2000 =100)

 

Gainers

Year-on-Year Growth (%)

November 2013
October 2013
(revised)

Chemical products

190.1

198.2

Machinery except electrical

32.6

41.5

Electrical machinery

9.6

15.3

Beverages

25.7

2.5

Basic metals

20.5

10.2

Tobacco products

24.8

12.3

Furniture and fixtures

59.6

69.1

Rubber and plastic products

11.8

0.2

Publishing and printing

9.6

12.7

Leather products

35.1

84.3

Wood and wood products

12.4

9.9

Fabricated metal products

4.2

-7.3

 

Losers

Year-on-Year Growth (%)

November 2013

October 2013
(revised)

Petroleum products

-20.7

-9.5

Food manufacturing

-9.2

-8.9

Miscellaneous manufactures

-41.5

-34.7

Footwear and wearing apparel

-18.9

-28.8

Textiles

-28.6

-15.9

Paper and paper products

-13.1

-25.8

Transport equipment

-4.9

-19.1

Non-metallic mineral products

-1.0

1.7

 

 

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

 

Gainers

Month-on-Month Growth (%)

November 2013
October 2013
(revised)

Beverages

25.3

25.0

Chemical products

11.2

5.2

Transport equipment

8.4

-9.0

Paper and paper products

12.5

-11.2

Food manufacturing

1.1

2.1

Footwear and wearing apparel

6.2

16.0

Rubber and plastic products

6.3

-0.6

 

Losers

Month-on-Month Growth (%)

November 2013

October 2013
(revised)

Petroleum  products

-16.8

18.2

Electrical machinery

-4.6

-2.4

Machinery except electrical

-6.7

2.6

Miscellaneous manufactures

-8.9

-3.6

Non-metallic mineral products

-2.9

3.4

Basic metals

-1.5

1/

Tobacco products

-3.3

-1.4

Furniture and fixtures

-6.1

11.3

Textiles

-2.2

3.8

Wood and wood products

-6.9

-2.1

Leather products

-7.6

11.4

Fabricated metal products

-0.2

3.0

Publishing and printing

2/

-16.

 
Notes:
   Sectors are ranked according to their contribution to the overall 2000-based
November 2013 growth rate.
     1/ - Less than 0.1 percent increase
     2/ - Less than 0.1 percent decrease
   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, October 2013– November 2013
(2000 = 100)

 

Gainers

Year-on-Year Growth (%)

November 2013
October 2013
(revised)

Chemical products

203.1

212.4

Machinery except electrical

43.4

57.9

Basic metals

32.9

26.0

Furniture and fixtures

147.3

168.5

Electrical machinery

5.4

14.6

Beverages

19.5

-2.8

Tobacco products

34.6

21.1

Rubber and plastic products

21.4

8.9

Transport equipment

4.5

-10.2

Fabricated metal products

7.9

-4.6

Leather products

33.5

82.2

Wood and wood products

8.7

5.7

Publishing and printing

0.5

3.3

 

Losers

Year-on-Year Growth (%)

November 2013
October 2013
(revised)

Petroleum products

-26.1

-12.0

Miscellaneous manufactures

-48.6

-41.9

Food manufacturing

-4.4

-3.2

Footwear and wearing apparel

-22.1

-32.2

Textiles

-29.9

-17.4

Paper and paper products

-9.4

-22.9

Non-metallic mineral products

-1.3

1.7

 

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

 

Gainers

Month-on-Month Growth (%)

November 2013
October 2013
(revised)

Beverages

25.3

25.0

Chemical products

11.1

6.1

Transport equipment

8.2

-10.7

Paper and paper products

12.8

-11.3

Footwear and wearing apparel

6.2

16.5

Rubber and plastic products

6.1

-0.8

Food manufacturing

0.4

1.8

Fabricated metal products

1.0

3.0

 

 

Losers

Month-on-Month Growth (%)

November 2013
October 2013
(revised)

Petroleum products

-20.5

18.5

Electrical machinery

-6.7

-1.1

Machinery except electrical

-7.8

4.7

Miscellaneous manufactures

-9.6

-3.0

Non-metallic mineral products

-3.7

3.4

Tobacco products

-3.3

-1.4

Basic metals

-1.1

-2.3

Textiles

-2.3

3.8

Wood and wood products

-6.4

-2.0

Furniture and fixtures

-2.9

1.8

Leather products

-7.7

11.3

Publishing and printing

2/

-16.7

 

Notes:         
Sectors are ranked according to their contribution to the overall 2000-based
November 2013 growth rate.
2/ - Less than 0.1 percent decrease
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, October 2013– November 2013
(2000 =100)

 

Gainers

Year-on-Year Growth (%)

November 2013
October 2013
(revised)

Chemical products

244.8

244.8

Machinery except electrical

29.1

39.0

Petroleum products

10.6

6.3

Tobacco products

45.3

37.8

Electrical machinery

4.0

-7.0

Textiles

27.0

25.6

Furniture and fixtures

58.5

92.0

Basic metals

7.1

8.9

Publishing and printing

22.1

2.0

Rubber and plastic products

15.1

5.5

Fabricated metal products

10.7

8.2

Leather products

39.8

33.0

Wood and wood products

14.0

15.7

 

Losers

Year-on-Year Growth (%)

November 2013
October 2013
(revised)

Food manufacturing

-9.4

-13.2

Non-metallic mineral products

-15.8

-14.9

Footwear and wearing apparel

-13.0

-22.5

Miscellaneous manufactures

-12.3

-1.1

Paper and paper products

-8.6

2.2

Transport equipment

-3.5

19.7

Beverages

-1.3

-1.6

 

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

 

Gainers

Month-on-Month Growth (%)

November 2013
October 2013
(revised)

Chemical products

9.6

6.1

Food manufacturing

3.5

-4.2

Transport equipment

5.0

-3.8

Footwear and wearing apparel

4.8

12.2

Rubber and plastic products

6.8

4.1

Tobacco products

1.8

19.8

Fabricated metal products

1/

6.0

 

Losers

Month-on-Month Growth (%)

November 2013
October 2013
(revised)

Electrical machinery

-6.5

-3.4

Machinery except electrical

-5.3

3.6

Petroleum products

-3.8

9.7

Miscellaneous manufactures

-9.2

-10.4

Paper and paper products

-5.4

2.1

Non-metallic mineral products

-3.3

7.0

Beverages

-1.4

2.1

Wood and wood products

-10.2

-2.9

Furniture and fixtures

-5.2

19.6

Basic metals

-0.7

-4.4

Textiles

-0.9

-4.8

Publishing and printing

-0.1

-16.1

Leather products

-0.3

-1.3

 

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

 

Gainers

Year-on-Year Growth (%)

November 2013
October 2013
(revised)

Chemical products

260.3

261.2

Machinery except electrical

39.6

55.1

Tobacco products

56.7

48.6

Furniture and fixtures

145.5

204.8

Basic metals

18.1

24.5

Textiles

24.6

23.5

Petroleum products

3.0

3.3

Rubber and plastic products

25.0

14.8

Transport equipment

6.1

32.8

Fabricated metal products

14.6

11.3

Publishing and printing

12.0

-6.4

Leather products

38.1

31.4

Wood and wood products

10.3

11.3

 

Losers

Year-on-Year Growth (%)

November 2013
October 2013
(revised)

Food manufacturing

-4.6

-7.8

Footwear and wearing apparel

-16.4

-26.2

Non-metallic mineral products

-16.1

-15.0

Miscellaneous manufactures

-23.0

-12.0

Beverages

-6.2

-6.7

Paper and paper products

-4.7

6.1

Electrical machinery

2/

-7.5

 

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

 

Gainers

Month-on-Month Growth (%)

November 2013
October 2013
(revised)

Chemical products

9.5

7.1

Food manufacturing

2.8

-4.4

Transport equipment

4.8

-5.6

Footwear and wearing apparel

4.8

12.7

Rubber and plastic products

6.5

3.9

Tobacco products

1.8

19.8

Fabricated metal products

1.2

6.0

 

Losers

Month-on-Month Growth (%)

November 2013
October 2013
(revised)

Electrical machinery

-8.6

-2.1

Petroleum products

-8.2

9.9

Machinery except electrical

-6.4

5.8

Miscellaneous manufactures

-9.9

-9.7

Non-metallic mineral products

-4.1

7.1

Paper and paper products

-5.2

1.9

Beverages

-1.4

2.1

Wood and wood products

-9.7

-2.7

Textiles

-0.9

-4.8

Furniture and fixtures

-2.0

9.4

Basic metals

-0.3

-6.6

Publishing and printing

-0.1

-16.1

Leather products

-0.4

-1.4

 

Notes:   
Sectors are ranked according to their contribution to the overall 2000-based
November 2013 growth rate.
2/- Less than 0.1 percent decrease
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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