PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : May 2014

Release Date:
July 10, 2014

 

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

TOTAL MANUFACTURING

MAY
2014
MAY
2013

YEAR-ON-YEAR GROWTH

 

 

     Production Index (2000=100)

 

 

       Value       (VaPI)

          12.6

              8.8

       Volume    (VoPI)

          13.8

            20.2

         Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

            7.5

            8.5

       Volume     (VoNSI)

            8.7

          19.8

     Producer Price Index (2000=100)

            -1.1r

          -9.5

r - revised
 
  •    Value of Production Index grows in May 2014

Value of Production Index (VaPI) for manufacturing increased by 12.6 percent   in May 2014 compared with  an 8.8 percent increment posted during the same period last year,  according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). VaPI’s favorable annual performance was due mainly to the surge in production value of printing (227.7%) and the double-digit expansion of the following industries: fabricated metal products (47.8%), tobacco products (38.3%), beverages (32.7%), petroleum products (25.7%), wood and wood products (25.6%), textiles (19.5%), transport equipment (14.3%) and food manufacturing (13.5%).  Refer to Tables 1-A and 1.

 

  •    Volume of Production Index registers two-digit growth in May 2014

On a year-on-year basis, Volume of Production Index (VoPI) grew at a slower rate of 13.8 percent in May 2014 compared with 20.2 percent in May 2013. Printing  contributed much to the increase with a 227.7 percent growth, followed by ten other major sectors that registered two-digit increments in production volume namely: fabricated metal products (58.3%), beverages (31.5%),  tobacco products (30.8%), wood and wood products (20.8%), petroleum products (18.9%), textiles (16.4%), machinery except electrical (13.2%), electrical machinery (13.1%), transport equipment (12.8%) and basic metals (12.7%). Refer to Tables 1-B and 2.

 

 

  •    Value of Net Sales Index grows at a slower rate in May 2014

Value of Net Sales Index (VaNSI), climbed slowly to 7.5 percent in May 2014 compared with 8.5 percent registered in May  2013. Fourteen of the 20 major sectors posted gains in sales output led by printing (154.4%). The next nine  sectors with significant increases were: fabricated metal products (70.1%), textiles (31.2%), petroleum products (25.5%), wood and wood products (25.2%), leather products (15.0%), machinery except electrical (12.9%), transport equipment (12.4%), rubber and plastic products (12.0%) and non-metallic mineral products (11.4%). Refer to Tables 2-A and 3.

 

  •    Volume of Net Sales Index likewise increases at a slower rate in May 2014

Volume of Net Sales Index (VoNSI) likewise posted a slower annual increase of 8.7 percent compared with 19.8 percent in May 2013. Sales volume of fifteen major sectors expanded led by printing with a three-digit growth of 154.4 percent. This was followed by eight other sectors that posted two-digit increases, namely:  fabricated metal products (82.3%), textiles (27.9%), wood and wood products (20.4%), machinery except electrical (19.4%), petroleum products (18.6%), leather products (11.8%) and rubber and plastic products (10.0%). Refer to Tables 2-B and 4.

 

 

  •    Capacity Utilization in May 2014 is 83.5 percent

Average capacity utilization in May 2014 for total manufacturing was recorded at 83.5 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 (89.0%)
  • basic metals (87.9%)
  • non-metallic mineral products (86.2%)
  • food manufacturing (84.7 %)
  • machinery except electrical (84.7%)
  • electrical machinery (84.4%)
  • chemical products (84.0%)
  • paper and paper products (82.9%)
  • rubber and plastic products (82.4%)
  • publishing and printing (82.1%)
  • wood and wood products (81.5%)

The proportion of establishments that operated at full capacity (90% to 100%) was 23.2 percent in May 2014. About 57.3 percent of the establishments operated at 70% to 89% capacity while 19.5 percent of the establishments operated below 70% capacity. Refer to Table 6 and B.

Table B  Distribution of Key Manufacturing Establishments by Capacity Utilization for Total Manufacturing: May 2014

Capacity Utilization

Percent Share

Below 50%

   4.0

50% - 59%

   5.2

60% - 69%

  10.3

70% - 79%

 20.9

80% - 89%

  36.4

 90% - 100%

  23.2

 

  •    Response Rate

The response rates for the May 2014 MISSI and PPS are 84.5 percent and 93.0 percent, respectively.  Refer to Tables 7 and 8.

Table C  Response Rates For Total Manufacturing
(In percent)

 

May 2014

April 2014
(Revised)

MISSI

84.5

94.6r

PPS

93.0

95.8r

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, April 2014– May 2014
(2000 =100)
 
Gainers

Year-on-Year Growth (%)

May 2014

April 2014
(revised)

Petroleum products

25.7

159.9

Printing

227.7

110.5

Food manufacturing

13.5

4.8

Electrical machinery

9.8

6.8

Beverages

32.7

31.8

Tobacco products

38.3

91.8

Fabricated metal products

47.8

46.2

Machinery except electrical

7.1

49.8

Transport equipment

14.3

1.1

Textiles

19.5

8.5

Basic metals

7.4

-17.1

Wood and wood products

25.6

-2.1

Rubber and plastic products

3.7

-6.4

Paper and paper products

1.2

-10.5

Leather products

1.1

2.5

 

Losers

Year-on-Year Growth (%)

May 2014

April 2014
(revised)

Footwear and wearing apparel

-18.5

-11.2

Non-metallic mineral products

-15.4

-14.8

Furniture and fixtures

-24.0

-18.2

Chemical products

-2.1

-4.1

Miscellaneous manufactures

-1.5

-14.4

 
 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based May 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, April 2014– May 2014
(2000 = 100)
 
Gainers

Year-on-Year Growth (%)

May 2014

April 2014
(revised)

Printing

227.7

110.5

Electrical machinery

13.1

3.2

Petroleum products

18.9

140.1

Food manufacturing

9.1

0.3

Beverages

31.5

31.0

Machinery except electrical

13.2

54.8

Fabricated metal products

58.3

51.5

Tobacco products

30.8

81.4

Basic metals

12.7

-8.2

Transport equipment

12.8

-0.3

Textiles

16.4

5.7

Wood and wood products

20.8

-5.0

Miscellaneous manufactures

4.7

-12.4

Rubber and plastic products

1.8

-8.8

 

Losers

Year-on-Year Growth (%)

May 2014
April 2014
(revised)

Footwear and wearing apparel

-17.7

-10.5

Non-metallic mineral products

-17.4

-17.5

Chemical products

-5.2

-7.3

Furniture and fixtures

-7.2

13.4

Paper and paper products

-2.9

-12.7

Leather products

-1.8

-0.6

 
 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based May 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, April 2014– May 2014
(2000 =100)
 

Gainers

Year-on-Year Growth (%)

May 2014
April 2014
(revised)

Petroleum products

25.5

21.4

Printing

154.4

80.3

Machinery except electrical

12.9

9.3

Electrical machinery

5.8

3.3

Fabricated metal products

70.1

76.4

Food manufacturing

4.3

-4.5

Textiles

31.2

16.9

Transport equipment

12.4

-4.0

Non-metallic mineral products

11.4

0.9

Rubber and plastic products

12.0

3.9

Wood and wood products

25.2

-1.6

Basic metals

1.9

-17.2

Paper and paper products

3.3

6.1

Leather products

15.0

9.4

 

Losers

Year-on-Year Growth (%)

May 2014
April 2014
(revised)

Footwear and wearing apparel

-22.7

-22.3

Beverages

-9.2

-11.3

Chemical products

-4.4

-3.8

Tobacco products

-15.0

-2.3

Furniture and fixtures

-16.0

-17.1

Miscellaneous manufactures

-3.5

-3.1

 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based May 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, April 2014– May 2014
(2000 = 100)
 

Gainers

Year-on-Year Growth (%)

May 2014
April 2014
(revised)

Petroleum products

18.6

12.2

Machinery except electrical

19.4

12.9

Printing

154.4

80.3

Electrical machinery

9.0

-0.2

Fabricated metal products

82.3

82.8

Textiles

27.9

13.9

Transport equipment

11.0

-5.4

Basic metals

6.9

-8.3

Non-metallic mineral products

8.9

-2.2

Rubber and plastic products

10.0

1.3

Wood and wood products

20.4

-4.6

Miscellaneous manufactures

2.5

-0.8

Food manufacturing

0.2

-8.6

Leather products

11.8

6.0

Furniture and fixtures

2.6

15.0

 

Losers

Year-on-Year Growth (%)

May 2014
April 2014
(revised)

Chemical products

-7.5

-7.0

Footwear and wearing apparel

-21.9

-21.6

Beverages

-10.0

-11.8

Tobacco products

-19.6

-7.6

Paper and paper products

-0.9

3.4

 
 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based May 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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