PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : January 2015

Release Date:
March 10, 2015

 

 
Table A   Year-on-Year Growth Rates for Production Index, Net Sales Index
and Producer Price Index: January 2015 and January 2014
 

TOTAL MANUFACTURING

January
2015
January
2014

YEAR-ON-YEAR GROWTH

 

 

     Production Index (2000=100)

 

 

       Value       (VaPI)

            -1.8

            3.3

       Volume    (VoPI)

            3.3

            4.4

         Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

            2.8

            3.9

       Volume     (VoNSI)

            8.1

            5.0

     Producer Price Index (2000=100)

            -4.9r

            -1.1

 

  • Value of Production Index slides in January 2015

Value of Production Index (VaPI) slightly decelerated by 1.8 percent in January 2015, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was due to the decreases in production value observed in seven major sectors, outpacing the increases reported by 13 major sectors. Petroleum products contributed much to the decrease at negative 35.4 percent, followed by other five major sectors that registered two-digit declines. Refer to Tables 1-A and 1.

  • Volume of Production accelerates in January 2015

Volume of Production Index (VoPI), in contrast, reflected a year-on-year increment of 3.3 percent in January 2015. The increase was attributed by the output performance of 14 major sectors, with significant increases noted in the following: printing (206.4%), leather products (90.6%), basic metals (50.8%), beverages (49.1%), textiles (38.6%), tobacco products (32.1%), transport equipment (29.3%), non-metallic mineral products (22.3%), wood and wood products (21.5%), paper and paper products (21.4%), and machinery except electrical (13.7%).  Refer to Tables 1-B and 2.

 

 

 

  • Value of Net Sales Index posts increments in January 2015

Value of Net Sales Index (VaNSI)  posted an annual increase of 2.8 percent in January 2015. This was attributed to the performances in sales value observed in 10 major sectors, with two-digit increases recorded in the following: basic metals (62.0%), chemical products (52.1%), transport equipment (37.0%), furniture and fixtures (36.2%), leather products (21.7%), machinery except electrical (20.6%), printing (17.6%), and tobacco products (10.5%). Refer to Tables 2-A and 3.

  • Volume of Net Sales Index picks up in January 2015

Volume of Net Sales Index (VoNSI)  climbed to 8.1 percent in January 2015 compared with 5.0 percent growth during the same month last year. Sectors largely contributing to the expansion in VoNSI were observed in the following: furniture and fixtures (71.7%), basic metals (67.6%), chemical products (51.7%), transport equipment (37.4%), leather products (21.8%), machinery except electrical (21.4%), and printing (17.6%). Refer to Tables 2-B and 4.

 

 

  • Capacity Utilization in January 2015 is 83.2 percent

Average capacity utilization in January 2015 for total manufacturing was recorded at 83.2 percent. About 65 percent or thirteen of the 20 major industries operated at 80 percent and above capacity utilization rates. These are:

  • basic metals (88.8%)
  • petroleum products (88.5%)
  • non-metallic mineral products (86.3%)
  • machinery except electrical (84.6%)
  • electrical machinery (84.5%)
  • food manufacturing (83.7 %)
  • paper and paper products (83.2%)
  • rubber and plastic products (82.6%)
  • wood and wood products (82.5%)
  • printing (82.0%)
  • leather products (82.0%)
  • chemical products (81.4%)
  • textiles (81.0%)

The proportion of establishments that operated at full capacity (90% to 100%) was 23.1 percent in January 2015. About 59.7 percent of the establishments operated at 70% to 89% capacity while 17.2 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: January 2015

Capacity Utilization

Percent Share

Below 50%

   3.4

50% - 59%

   4.0

60% - 69%

   9.8

70% - 79%

 23.0

80% - 89%

  36.7

 90% - 100%

  23.1

           

  • Response Rate

 The response rates  for the January 2015 MISSI and PPS are 70.2 percent and 82.2 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates For Total Manufacturing
(In percent)

 

January 2015

December 2014
(Revised)

MISSI

70.2

90.8r

PPS

82.2

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

 

 

 

TABLE 1-A Value of Production Index, December 2014– January 2015
   (2000 =100)
 

Gainers

Year-on-Year Growth (%)

January 2015
December 2014
(revised)

Printing

206.4

269.7

Beverages

50.2

25.2

Basic metals

45.7

36.3

Machinery except electrical

13.0

-4.3

Transport equipment

28.9

1.6

Tobacco products

40.4

-16.7

Textiles

42.7

1.0

Non-metallic mineral products

20.5

1.6

Electrical machinery

2.6

-1.2

Paper and paper products

17.5

-2.7

Leather products

90.3

-9.0

Rubber and plastic products

4.0

-2.6

Wood and wood products

17.4

13.0

 

Losers

Year-on-Year Growth (%)

January 2015
December 2014
(revised)

Petroleum products

-35.4

-30.2

Food manufacturing

-19.2

1.9

Chemical products

-14.4

9.2

Footwear and wearing apparel

-27.1

-28.0

Miscellaneous manufactures

-16.8

-3.8

Furniture and fixtures

-23.8

-17.5

Fabricated metal products

-5.1

14.5

 
 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based January 2015 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, December 2014– January 2015
(2000 = 100)
 

Gainers

Year-on-Year Growth (%)

January 2015

December 2014
(revised)

Printing

206.4

269.7

Beverages

49.1

23.2

Basic metals

50.8

54.6

Electrical machinery

8.3

-0.1

Machinery except electrical

13.7

2.7

Transport equipment

29.3

1.4

Textiles

38.6

-0.1

Non-metallic mineral products

22.3

1.6

Tobacco products

32.1

-25.2

Paper and paper products

21.4

-3.9

Leather products

90.6

-11.2

Wood and wood products

21.5

12.5

Rubber and plastic products

1.3

-4.6

Fabricated metal products

0.1

20.2

 

Losers

Year-on-Year Growth (%)

January 2015

December 2014
(revised)

Food manufacturing

-20.3

-1.1

Chemical products

-14.6

9.2

Footwear and wearing apparel

-22.7

-25.4

Petroleum products

-5.3

-4.3

Miscellaneous manufactures

-5.3

3.5

Furniture and fixtures

-3.9

-8.1

 

Notes:
Major Industries are ranked according to their contribution to the overall 2000-based January 2015 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, December 2014– January 2015
(2000 =100)
 

Gainers

Year-on-Year Growth (%)

January 2015
December 2014
(revised)

Chemical products

52.1

-9.9

Basic metals

62.0

33.4

Machinery except electrical

20.6

-3.1

Transport equipment

37.0

-2.8

Furniture and fixtures

36.2

-0.9

Tobacco products

10.5

31.5

Printing

17.6

357.8

Non-metallic mineral products

2.2

-10.8

Leather products

21.7

18.9

Rubber and plastic products

3.3

10.3

 

Losers

Year-on-Year Growth (%)

January 2015
December 2014
(revised)

Petroleum products

-29.8

-23.9

Footwear and wearing apparel

-32.0

-29.0

Food manufacturing

-5.2

-2.6

Miscellaneous manufactures

-12.9

-2.2

Beverages

-5.5

33.8

Fabricated metal products

-13.6

14.0

Wood and wood products

-34.4

0.1

Electrical machinery

-1.0

-1.0

Paper and paper products

-5.2

1.9

Textiles

-0.4

20.8

 

Notes:
Major Industries are ranked according to their contribution to the overall 2000-based  November  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, December 2014– January 2015
(2000 = 100)

 

Gainers

Year-on-Year Growth (%)

January 2015
December 2014
(revised)

Chemical products

51.7

-9.8

Basic metals

67.6

51.4

Machinery except electrical

21.4

4.0

Transport equipment

37.4

-2.9

Electrical machinery

4.4

0.1

Furniture and fixtures

71.7

10.4

Petroleum products

2.8

4.4

Printing

17.6

357.8

Non-metallic mineral products

3.8

-10.8

Tobacco products

4.0

18.0

Leather products

21.8

15.9

Rubber and plastic products

0.8

8.0

 

Losers

Year-on-Year Growth (%)

January 2015
December 2014
(revised)

Food manufacturing

-6.5

-5.4

Footwear and wearing apparel

-28.0

-26.4

Beverages

-6.3

31.6

Wood and wood products

-32.0

-0.3

Fabricated metal products

-8.8

19.7

Textiles

-3.3

19.5

Paper and paper products

-2.1

0.6

Miscellaneous manufactures

-0.9

5.3

 

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