PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : August 2014

Release Date:
October 10, 2014

 

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

TOTAL MANUFACTURING

AUGUST
2014
AUGUST
2013

YEAR-ON-YEAR GROWTH

 

 

     Production Index (2000=100)

 

 

       Value       (VaPI)

            5.1

            9.8

       Volume    (VoPI)

            7.5

            17.5

         Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

            3.3

          21.5

       Volume     (VoNSI)

            5.6

          30.1

     Producer Price Index (2000=100)

            -2.2r

          -6.4

r - revised
 
  •    Value of Production Index accelerates at a slower pace

Value of Production Index (VaPI) for manufacturing  recorded a slower growth of 5.1 percent compared with the year-ago figure of 9.8 percent. This was mainly accounted for the reduction in value of production in the wood and wood products, chemical products, and food manufacturing sectors. While printing contributed significantly to the increase with 218.6 percent growth, followed by major sectors that registered two-digit growth in VaPI, namely: leather products (54.3%), beverages (32.7%), fabricated metal products (16.2%), machinery except electrical (14.0%), and transport equipment (11.4%). Refer to Tables 1-A and 1.

  •    Volume of Production likewise gains in August 2014

Volume of Production Index (VoPI) accelerated at a slower rate as it posted a year-on-year growth of 7.5 percent  in August 2014.  Nine of 13 major sectors exhibited two-digit growth in production output, with printing influencing the largest increment of 218.6 percent. The other eight major sectors that posted two-digit increases were the following: leather products (50.5%), beverages (31.6%), machinery except electrical (30.1%),%), fabricated metal products (23.5%), transport equipment (11.6%), basic metals (11.6%), petroleum products (11.4%), and furniture and fixtures (10.5%). Refer to Tables 1-B and 2.

 

 

 

 

  •    Value of Net Sales Index sustains growth in August 2014

Value of Net Sales Index (VaNSI) recorded an increment of 3.3 percent in August 2014 compared with 21.5 percent registered in August 2013. This maybe explained by the two-digit decline in sales value of the wood and wood products industry. Whereas, thirteen major sectors reported increases in VaNSI led by printing (118.5%) and with two-digit increase in the following: textiles (42.9%), fabricated metal products (28.0%), electrical machinery (19.2%), basic metals (16.7%), leather products (14.7%), transport equipment (14.1%), petroleum products (13.7%), and rubber and plastic products (10.9%). Refer to Tables 2-A and 3.

  •    Volume of Net Sales Index also gains in August 2014

Volume of Net Sales Index (VoNSI), gained at a slower rate of 5.6 percent in August 2014 compared with 30.1 percent in August 2013. This was attributed to the increases in sales output reported by 13 major sectors, led by printing which exhibited a three-digit growth of 118.5 percent. Other major sectors that significantly contributed to the growth were: textiles (41.8%), fabricated metal products (36.0%), basic metals (24.9%), machinery except electrical (23.6%), electrical machinery (20.8%), furniture and fixtures (16.4%), petroleum products (16.1%), transport equipment (14.3%), and leather products (11.8%),. Refer to Tables 2-B and 4.

 

 

  •    Capacity Utilization in August 2014 is 83.5 percent

Average capacity utilization in August 2014 for total manufacturing stood 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:

  • basic metals (89.1%)
  • petroleum products (88.9%)
  • non-metallic mineral products (86.0%)
  • machinery except electrical (84.6%)
  • food manufacturing (84.4 %)
  • electrical machinery (84.4%)
  • chemical products (83.9%)
  • paper and paper products (82.9%)
  • rubber and plastic products (82.5%)
  • printing (81.8%)
  • wood and wood products (81.5%)

The proportion of establishments that operated at full capacity (90% to 100%) was 23.3 percent in August 2014. About 57.6 percent of the establishments operated at 70% to 89% capacity while 19.1 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: August 2014

Capacity Utilization

Percent Share

Below 50%

3.8

50% - 59%

5.3

60% - 69%

10.0

70% - 79%

21.1

80% - 89%

36.5

90% - 100%

23.3

 

  •    Response Rate

The response rates for the August 2014 MISSI and PPS are 83.6 percent and 93.3 percent, respectively.  Refer to Tables 7 and 8.

Table C  Response Rates For Total Manufacturing
(In percent)

 

August 2014

July 2014
(Revised)

MISSI

83.6

92.4r

PPS

93.3

94.4r

r -revised

Data of non-responding samples  were estimated using short term relative of responding samples within the industry class. Revisions to the preliminary estimates are done upon receipt of actual reports of late respondents.

 

(Sgd.) ROMEO S. RECIDE
Interim Deputy National Statistician
Economic Sector Statistics Services

 

 

 

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

Gainers

Year-on-Year Growth (%)

August 2014
July 2014
(revised)

Printing

218.6

193.3

Beverages

32.7

40.3

Machinery except electrical

14.0

10.1

Petroleum products

9.2

-6.6

Transport equipment

11.4

-13.8

Electrical machinery

2.0

12.8

Fabricated metal products

16.2

18.9

Basic metals

4.2

12.3

Non-metallic mineral products

5.1

-23.9

Paper and paper products

7.5

-0.5

Leather products

54.3

51.5

Textiles

5.1

-0.4

 

Losers

Year-on-Year Growth (%)

August 2014
July 2014
(revised)

Footwear and wearing apparel

-13.2

-12.4

Chemical products

-4.9

3.1

Tobacco products

-16.5

-9.3

Miscellaneous manufactures

-14.6

-16.7

Wood and wood products

-15.9

13.8

Rubber and plastic products

-3.0

-1.4

Food manufacturing

-0.3

6.2

Furniture and fixtures

-3.3

-11.8

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

Gainers

Year-on-Year Growth (%)

August 2014

July 2014
(revised)

Machinery except electrical

30.1

23.6

Printing

218.6

193.3

Beverages

31.6

39.2

Petroleum products

11.4

-9.7

Electrical machinery

3.4

12.5

Basic metals

11.6

16.8

Transport equipment

11.6

-13.0

Fabricated metal products

23.5

27.9

Paper and paper products

7.8

-0.7

Non-metallic mineral products

4.6

-25.2

Leather products

50.5

47.6

Furniture and fixtures

10.5

7.8

Textiles

4.3

-1.8

 

Losers

Year-on-Year Growth (%)

August 2014
July 2014
(revised)

Food manufacturing

-4.8

1.7

Tobacco products

-25.1

-18.6

Footwear and wearing apparel

-12.5

-12.9

Chemical products

-3.6

3.5

Miscellaneous manufactures

-10.2

-12.9

Rubber and plastic products

-3.9

-2.8

Wood and wood products

-17.4

11.2

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

Gainers

Year-on-Year Growth (%)

August 2014
July 2014
(revised)

Electrical machinery

19.2

12.3

Petroleum products

13.7

9.0

Printing

118.5

114.0

Machinery except electrical

8.4

13.3

Textiles

42.9

55.0

Basic metals

16.7

0.8

Transport equipment

14.1

-17.5

Fabricated metal products

28.0

23.5

Paper and paper products

8.6

2.2

Rubber and plastic products

10.9

5.6

Non-metallic mineral products

4.1

-3.0

Leather products

14.7

18.5

Furniture and fixtures

1.8

-12.7

 

Losers

Year-on-Year Growth (%)

August 2014
July 2014
(revised)

Footwear and wearing apparel

-36.4

-12.6

Chemical products

-10.1

-3.3

Food manufacturing

-3.0

5.0

Miscellaneous manufactures

-11.8

-22.9

Beverages

-4.8

6.2

Wood and wood products

-17.2

14.6

Tobacco products

-2.1

-2.2

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

Gainers

Year-on-Year Growth (%)

August 2014
July 2014
(revised)

Electrical machinery

20.8

12.0

Machinery except electrical

23.6

27.2

Petroleum products

16.1

5.4

Printing

118.5

114.0

Basic metals

24.9

4.9

Textiles

41.8

52.8

Transport equipment

14.3

-16.6

Fabricated metal products

36.0

32.8

Paper and paper products

8.9

2.0

Furniture and fixtures

16.4

6.7

Rubber and plastic products

9.9

4.1

Non-metallic mineral products

3.6

-4.6

Leather products

11.8

15.4

 

Losers

Year-on-Year Growth (%)

August 2014
July 2014
(revised)

Food manufacturing

-7.3

0.6

Footwear and wearing apparel

-35.8

-13.1

Chemical products

-8.9

-2.9

Beverages

-5.6

5.3

Tobacco products

-12.2

-12.3

Miscellaneous manufactures

-7.3

-19.4

Wood and wood products

-18.8

11.9

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

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