PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : April 2014

Release Date:
June 10, 2014

 

Table A   Year-on-Year Growth Rates for Production Index, Net Sales Index and Producer Price Index: April 2014 and April 2013

TOTAL MANUFACTURING

APRIL
2014
APRIL
2013

YEAR-ON-YEAR GROWTH

 

 

     Production Index (2000=100)

 

 

       Value       (VaPI)

          12.9

           -1.5r

       Volume    (VoPI)

          12.8

            9.0r

         Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

            0.3

          12.2r

       Volume     (VoNSI)

            0.2

          24.2r

     Producer Price Index (2000=100)

   0.1r

           -9.6

r - revised
 
  •    Value of Production Index expands in April 2014

Value of Production Index (VaPI) for manufacturing grew by 12.9  percent  in April 2014 compared with a negative 1.5 percent in April 2013,   according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This is due to the strong performance of petroleum products which bounced back and posted a three-digit growth of 159.9 percent. Other sectors that significantly contributed to the positive performance of VAPI were: printing (96.8%), machinery except electrical (84.1%), tobacco products (77.8%), fabricated metal products (38.1%) and beverages (31.4%). Refer to Tables 1-A and 1.

 

  •    Volume of Production Index increases in April 2014

Volume of Production Index (VoPI) posted an increment of 12.8 percent in April 2014 from 9.0 percent in April 2013. Petroleum products (128.7%) led the sectors that contributed to the performance of VoPI. Other major sectors that pulled-up the VoPI were the following: printing (96.8%), machinery except electrical (90.7%), tobacco products (78.2%), fabricated metal products (43.1%), beverages (30.7%) and furniture and fixtures (12.6%). Refer to Tables 1-B and 2.

 

  •    Value of Net Sales Index manifests a single-digit growth in April 2014

Value of Net Sales Index (VaNSI), went up by 0.3 percent in April 2014 compared 12.2 percent in April 2013. Ten major sectors contributed to the increase with four sectors posting double-digit increments. These were the following:  printing (79.9%), fabricated metal products (68.8%), textiles (21.5%) and petroleum products (21.4%). Refer to Tables 2-A and 3.

 

  •    Volume of Net Sales Index increases in April 2014

Volume of Net Sales Index (VoNSI) likewise gained a minimal 0.2 percent in April 2014 compared with 24.2 percent during the same period last year. Four out of nine major sectors that posted increments significantly pulled up VoNSI. These were: printing (79.9%), fabricated metal products (75.0%), textiles (18.7%) and furniture and fixtures (15.7%). Refer to Tables 2-B and 4.

 

  •    Capacity Utilization in April 2014 is 83.4 percent

Average capacity utilization in April 2014 for total manufacturing stood at 83.4 percent. More than 50 percent or eleven of the 20 major industries operated at  80 percent and above capacity utilization rates. These are:

  • petroleum products (88.7%)
  • basic metals (87.6%)
  • non-metallic mineral products (86.1%)
  • machinery except electrical (85.0%)
  • food manufacturing (84.5 %)
  • electrical machinery (84.4%)
  • chemical products (83.9%)
  • paper and paper products (82.8%)
  • rubber and plastic products (82.3%)
  • wood and wood products (81.2%)
  • publishing and printing (80.4%)

The proportion of establishments that operated at full capacity (90% to 100%) was 24.1 percent in April 2014. About 56.7 percent of the establishments operated at 70% to 89% capacity while 19.2 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: April 2014

Capacity Utilization

Percent Share

Below 50%

   3.8

50% - 59%

   5.8

60% - 69%

  9.6

70% - 79%

 24.2

80% - 89%

  32.5

 90% - 100%

  24.1

 

  •    Response Rate

The response rates for the April 2014 MISSI and PPS are 87.0 percent and 91.1 percent, respectively.  Refer to Tables 7 and 8.

Table C  Response Rates For Total Manufacturing
(In percent)
 

April 2014

March 2014
(Revised)

MISSI

87.0

95.6r

PPS

91.1

97.8r

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.) LISA GRACE S. BERSALES, Ph.D.
National Statistician

 

 

 

 

 

 
TABLE 1-A Value of Production Index, March 2014– April 2014
   (2000 =100)
 

Gainers

Year-on-Year Growth (%)

April 2014
March 2014
(revised)

Petroleum products

159.9

-42.0

Machinery except electrical

84.1

77.2

Tobacco products

77.8

109.1

Electrical machinery

8.1

11.7

Beverages

31.4

30.4

Printing

96.8

148.8

Fabricated metal products

38.1

46.1

Food manufacturing

2.2

4.8

Textiles

8.9

45.2

Transport equipment

2.9

13.6

Leather products

3.7

0.3

 

Losers

Year-on-Year Growth (%)

April 2014
March 2014
(revised)

Basic metals

-20.8

-26.0

Non-metallic mineral products

-12.2

-11.7

Footwear and wearing apparel

-11.5

-9.8

Rubber and plastic products

-9.3

0.6

Miscellaneous manufactures

-12.4

4.9

Chemical products

-2.4

-14.8

Furniture and fixtures

-18.8

-12.0

Paper and paper products

-7.1

8.7

Wood and wood products

-2.1

-22.2

 
Notes:
Major Industries are ranked according to their contribution to the overall
2000-based April 2014 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous
year same month index less 1.

 

 
TABLE 1-B  Volume of Production Index, March 2014– April 2014
(2000 = 100)
 

Gainers

Year-on-Year Growth (%)

April 2014
March 2014
(revised)

Petroleum products

128.7

-47.2

Machinery except electrical

90.7

96.4

Tobacco products

78.2

109.6

Beverages

30.7

29.8

Printing

96.8

148.8

Electrical machinery

4.0

4.7

Fabricated metal products

43.1

53.4

Textiles

6.5

44.8

Furniture and fixtures

12.6

3.9

Transport equipment

1.3

14.4

Leather products

0.5

-2.9

 

Losers

Year-on-Year Growth (%)

April 2014
March 2014
(revised)

Basic metals

-12.2

-19.1

Non-metallic mineral products

-15.2

-13.4

Food manufacturing

-2.0

0.6

Footwear and wearing apparel

-10.7

-10.4

Rubber and plastic products

-11.6

-1.2

Miscellaneous manufactures

-10.8

2.6

Paper and paper products

-9.6

5.7

Chemical products

-2.1

-14.8

Wood and wood products

-4.9

-24.7

 

Notes:
Major Industries are ranked according to their contribution to the overall
2000-based April 2014 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous
year same month index less 1.

 

 
TABLE 2-A  Value of Net Sales Index, March 2014– April 2014
(2000 =100)
 

Gainers

Year-on-Year Growth (%)

April 2014
March 2014
(revised)

Petroleum products

21.4

16.9

Fabricated metal products

68.8

82.4

Printing

79.9

116.7

Electrical machinery

3.7

12.8

Textiles

21.5

41.5

Machinery except electrical

3.5

16.2

Paper and paper products

8.1

22.9

Tobacco products

2.0

23.4

Non-metallic mineral products

0.9

20.0

Leather products

9.0

-17.3

 

Losers

Year-on-Year Growth (%)

April 2014
March 2014
(revised)

Food manufacturing

-7.0

2.1

Basic metals

-17.0

-23.6

Beverages

-11.7

-2.6

Footwear and wearing apparel

-22.3

-15.3

Chemical products

-5.0

-6.0

Transport equipment

-5.2

1.2

Miscellaneous manufactures

-8.0

1.4

Furniture and fixtures

-16.6

-7.9

Rubber and plastic products

-5.0

10.5

Wood and wood products

-1.6

-23.1

 

Notes:
Major Industries are ranked according to their contribution to the overall
2000-based April 2014 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous
year same month index less 1.

 

 
TABLE 2-B  Volume of Net Sales Index, March 2014– April 2014
(2000 = 100)
 

Gainers

Year-on-Year Growth (%)

April 2014
March 2014
(revised)

Fabricated metal products

75.0

91.5

Printing

79.9

116.7

Petroleum products

6.9

6.3

Machinery except electrical

7.2

28.7

Textiles

18.7

41.1

Furniture and fixtures

15.7

8.7

Paper and paper products

5.1

19.6

Tobacco products

2.3

23.7

Leather products

5.6

-20.0

 

Losers

Year-on-Year Growth (%)

April 2014
March 2014
(revised)

Food manufacturing

-10.8

-2.0

Beverages

-12.2

-3.1

Footwear and wearing apparel

-21.6

-15.9

Chemical products

-4.7

-6.0

Basic metals

-8.0

-16.5

Transport equipment

-6.6

1.9

Miscellaneous manufactures

-6.4

-0.8

Rubber and plastic products

-7.4

8.5

Non-metallic mineral products

-2.6

17.6

Electrical machinery

-0.2

5.8

Wood and wood products

-4.5

-25.5

 
Notes:
Major Industries are ranked according to their contribution to the overall
2000-based April 2014 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous
year same month index less 1.

 

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