PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : October 2014

Release Date:
December 10, 2014

 

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

TOTAL MANUFACTURING

October
2014
October
2013

YEAR-ON-YEAR GROWTH

 

 

     Production Index (2000=100)

 

 

       Value       (VaPI)

            7.2

            14.1

       Volume    (VoPI)

            7.5

            21.1

         Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

            3.9

            27.7

       Volume     (VoNSI)

            4.3

            35.5

     Producer Price Index (2000=100)

            -0.3r

             -5.7

r - revised
 
 
  •    Value of Production Index rises in October 2014

Value of Production Index (VaPI) went up to 7.2 percent in October 2014, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This figure, however, is lower than 14.1 percent recorded in October 2013. Six of 12 major sectors exhibited two-digit growth in production value, led by printing (266.8%). The other five major sectors that posted two-digit increases were the following: fabricated metal products (42.5%), beverages (26.3%), paper and paper products (21.0%), non-metallic mineral products (14.2%), and food manufacturing (11.2%). Refer to Tables 1-A and 1.

 

  •    Volume of Production also picks up in October 2014

Volume of Production Index (VoPI) exhibited a year-on-year growth of 7.5 percent in October 2014 compared with 21.1 percent registered in October 2013. The increase was brought about by the expanded output performance of 12 major sectors, with significant increases noted in the following: printing (266.8%), fabricated metal products (51.3%), beverages (24.2%), paper and paper products (20.4%), and non-metallic mineral products (10.7%). Refer to Tables 1-B and 2.

 

 

  •    Value of Net Sales Index grows slightly in October 2014

Value of Net Sales Index (VaNSI) modestly grew by 3.9 percent in October 2014 compared with a year ago figure, 27.7 percent. The sectors with two-digit increase that significantly contributed to the growth of VaNSI were as follows: printing (228.5%), fabricated metal products (43.2%), textiles (26.1%), non-metallic mineral products (23.0%), rubber and plastic products (21.7%), leather products (17.7%), and food manufacturing (11.8%). Refer to Tables 2-A and 3.

 

  •    Volume of Net Sales Index slowly grows in October 2014

Volume of Net Sales Index (VoNSI)  climbed slowly to 4.3 percent in October 2014 compared with two-digit growth of 35.5 percent registered during the same period last year. This growth was mainly due to the expansion in sales output observed in following major sectors: printing (228.5%), fabricated metal products (52.1%), textiles (24.8%), non-metallic mineral products (19.1%), rubber and plastic products (18.9%), leather products (14.5%), machinery except electrical (11.2%), and petroleum products (10.9%). Refer to Tables 2-B and 4.

 

 

  •    Capacity Utilization in October 2014 is 83.6 percent

Average capacity utilization in October 2014 for total manufacturing stood at 83.6 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 (88.6%)
  • petroleum products (88.5%)
  • non-metallic mineral products (86.4%)
  • electrical machinery (84.8%)
  • machinery except electrical (84.7%)
  • food manufacturing (84.6 %)
  • chemical products (84.4%)
  • printing (83.4%)
  • paper and paper products (83.1%)
  • rubber and plastic products (82.6%)
  • wood and wood products (81.4%)

The proportion of establishments that operated at full capacity (90% to 100%) was 23.3 percent in October 2014. About 57.7 percent of the establishments operated at 70% to 89% capacity while 19.0 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: October 2014

Capacity Utilization

Percent Share

Below 50%

4.2

50% - 59%

4.9

60% - 69%

9.9

70% - 79%

21.6

80% - 89%

36.1

90% - 100%

23.3

 

  •    Response Rate

The response rates for the October 2014 MISSI and PPS are 85.5 percent and 91.3 percent, respectively.  Refer to Tables 7 and 8.

Table C  Response Rates For Total Manufacturing
(In percent)

 

October 2014

September 2014
(Revised)

MISSI

85.5

94.6r

PPS

91.3

97.2r

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

 

 

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

Gainers

Year-on-Year Growth (%)

October 2014
September 2014
(revised)

Printing

266.8

167.5

Food manufacturing

11.2

5.4

Beverages

26.3

52.0

Fabricated metal products

42.5

54.3

Chemical products

7.5

-0.1

Non-metallic mineral products

14.2

11.6

Paper and paper products

21.0

4.8

Machinery except electrical

1.8

2.7

Transport equipment

3.9

-8.8

Textiles

7.7

10.1

Wood and wood products

4.2

3.2

Leather products

7.2

15.8

 

Losers

Year-on-Year Growth (%)

October 2014
September 2014
(revised)

Petroleum products

-9.7

10.4

Basic metals

-16.7

-11.7

Footwear and wearing apparel

-11.2

-16.4

Tobacco products

-14.4

2.0

Miscellaneous manufactures

-8.1

-14.2

Furniture and fixtures

-13.8

-1.4

Rubber and plastic products

-3.4

-2.8

Electrical machinery

-0.1

-7.2

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

Gainers

Year-on-Year Growth (%)

October 2014
September 2014
(revised)

Printing

266.8

167.5

Beverages

24.2

50.8

Food manufacturing

6.5

0.8

Machinery except electrical

8.0

11.1

Fabricated metal products

51.3

63.8

Paper and paper products

20.4

4.0

Chemical products

4.2

-2.0

Non-metallic mineral products

10.7

8.8

Transport equipment

5.7

-10.4

Textiles

6.6

9.2

Wood and wood products

2.5

1.5

Leather products

4.3

12.5

 

Losers

Year-on-Year Growth (%)

October 2014
September 2014
(revised)

Electrical machinery

-4.7

-9.4

Tobacco products

-23.2

-8.5

Basic metals

-8.3

-6.3

Petroleum products

-2.9

12.4

Footwear and wearing apparel

-9.2

-16.2

Rubber and plastic products

-5.6

-4.4

Miscellaneous manufactures

-3.2

-8.9

Furniture and fixtures

-2.6

-7.5

 

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

Gainers

Year-on-Year Growth (%)

October 2014

September 2014
(revised)

Printing

228.5

111.8

Food manufacturing

11.8

2.6

Non-metallic mineral products

23.0

4.0

Fabricated metal products

43.2

46.9

Textiles

26.1

24.8

Machinery except electrical

4.8

2.6

Petroleum products

3.1

8.7

Beverages

6.9

7.1

Rubber and plastic products

21.7

13.0

Paper and paper products

7.7

11.3

Transport equipment

3.1

-6.0

Tobacco products

6.4

9.7

Leather products

17.7

-5.2

Wood and wood products

6.0

-2.8

 

Losers

Year-on-Year Growth (%)

October 2014
September 2014
(revised)

Chemical products

-7.1

1/

Footwear and wearing apparel

-10.3

-16.4

Basic metals

-5.6

-8.9

Electrical machinery

-1.0

-8.0

Furniture and fixtures

-16.6

-0.6

Miscellaneous manufactures

-3.5

-19.2

 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based  October  2014 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous
year same month index less 1.
1/ - Less than 0.1 percent increase

 

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

Gainers

Year-on-Year Growth (%)

October 2014
September 2014
(revised)

Printing

228.5

111.8

Food manufacturing

7.2

-2.0

Petroleum products

10.9

10.7

Machinery except electrical

11.2

10.9

Fabricated metal products

52.1

55.9

Non-metallic mineral products

19.1

1.4

Textiles

24.8

23.7

Beverages

5.1

6.3

Rubber and plastic products

18.9

11.1

Transport equipment

4.9

-7.6

Basic metals

3.9

-3.4

Paper and paper products

7.2

10.5

Leather products

14.5

-7.8

Miscellaneous manufactures

1.6

-14.2

Wood and wood products

4.3

-4.5

 

Losers

Year-on-Year Growth (%)

October 2014
September 2014
(revised)

Electrical machinery

-5.6

-10.2

Chemical products

-10.0

-1.9

Footwear and wearing apparel

-8.2

-16.1

Tobacco products

-4.5

-1.5

Furniture and fixtures

-5.8

-6.9

 

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