PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : January 2016

Release Date:
March 10, 2016

 

 

 
Table A   Year-on-Year Growth Rates for Production Index, Net Sales Index
and Producer Price Index: January 2016 and January 2015
 

TOTAL MANUFACTURING

JANUARY
2016
JANUARY
2015

     Production Index (2000=100)

 

 

       Value       (VaPI)

26.5

-1.1

       Volume    (VoPI)

34.3

2.6

         Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

30.9

-5.9

       Volume     (VoNSI)

39.0

-2.2

     Producer Price Index (2000=100)

-5.8r

-3.7

                                           r - revised

 

  • Value of Production Index rebounds in January 2016

Value of Production Index (VaPI) for total manufacturing significantly rose to 26.5 percent in January 2016 compared with the negative 1.1 percent in January 2015, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was brought about by the three-digit growth experienced by chemical products (309.6%), particularly for drugs and medicine sub-sector. Other major sectors that pulled up the performance of VaPI were tobacco products (49.6%), food manufacturing (19.1%) and beverages (11.7%). Refer to Tables 1-A and 1.

 

  • Volume of Production also exhibits two-digit growth

Volume of Production Index (VoPI) likewise posted 34.3 percent increment in January 2016 compared with 2.6 percent during the same period last year. Chemical products contributed significantly to the growth with 312.4 percent, followed by major sectors that registered two-digit growth in VoPI, namely: tobacco products (49.4%), machinery except electrical (23.6%), food manufacturing (20.2%), electrical machinery (19.2%) and beverages (10.1%). Refer to Tables 1-B and 2.

 

 

  • Value of Net Sales Index gains

Value of Net Sales Index (VaNSI) climbed to 30.9 percent in January 2016 from a decline of 5.9 percent in the same month last year. The VaNSI of 10 out of 20 major sectors expanded, led by chemical products and leather products with a three-digit growth of 320.8 percent and 105.5 percent, respectively. This was followed by four other sectors posting two-digit increases, namely:  wood and wood products (30.9%), printing (24.0%), food manufacturing (19.3%) and miscellaneous manufactures (19.1%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index likewise accelerates

Volume of Net Sales Index (VoNSI) stepped up as it posted a two-digit annual growth of 39.0 percent in January 2016. This was attributed to the increases in VoNSI observed in  eight major sectors, led by chemical products (323.7%) and leather products (102.0%), outpacing the increments in 12 major sectors. Other major sectors that significantly contributed to the increment in VoNSI were leather products wood and wood products (53.7%), printing (26.0%), food manufacturing (20.4%), machinery except electrical (18.9%), miscellaneous manufactures  (15.2%) and rubber and plastic products  (14.8%).  Refer to Tables 2-B and 4.

 

 

  • Average Capacity Utilization Rate in January 2016 is 83.5 percent

Average capacity utilization rate in January 2016 for total manufacturing was recorded at 83.5 percent. Fifty-five percent or 11 of the 20 major industries operated at 80 percent and above capacity utilization rates. These were:

  • basic metals (88.4%)
  • petroleum products (88.2%)
  • non-metallic mineral products (86.3%)
  • machinery except electrical (85.1%)
  • food manufacturing (84.5%)
  • electrical machinery (84.5%)
  • chemical products (84.0%)
  • paper and paper products (83.0%)
  • rubber and plastic products (82.4%)
  • wood and wood products (80.7%)
  • printing (80.4%)

The proportion of establishments that operated at full capacity (90% to 100%) was     25.9 percent in January 2016. About 56.4 percent of the establishments operated at 70 percent to 89 percent capacity while 17.7 percent of the establishments operated below 70 percent capacity. Refer to Table 6 and B.

 

Table B  Distribution of Key Manufacturing Establishments by Capacity Utilization for Total Manufacturing: January 2016

Capacity Utilization

Percent Share

Below 50%

   3.8

50% - 59%

   4.1

60% - 69%

   9.8

70% - 79%

 21.8

80% - 89%

 34.6

 90% - 100%

 25.9

          

  • Industry Coverage

The 2015 MISSI utilizes the 2009 PSIC to classify major industries and sub-industries. Twenty major industries of the 2009 PSIC were formed to comprise the industry coverage of the 2015 MISSI. These are presented in the table below.

 

2009 PSIC CODE

INDUSTRY DESCRIPTION

C10

Food manufacturing *

C11

Beverages

C12

Tobacco products

C13

Textiles*

C14, C152

Footwear and wearing apparel

C151

Leather products

C16

Wood and wood products*     

C17

Paper and paper products

C18

Printing

C19

Petroleum products*

C20,C21

Chemical products*

C22

Rubber and plastic products*     

C23

Non-metallic mineral products*

C24

Basic metals*          

C25,C3311

Fabricated metal products

C262,C275,C28,

C263,C268,C3312,C332

Machinery except electrical*

C261,C264,C27,

C29301,C3314,C332

Electrical machinery*

C29 except C29301,

C30,C3315

Transport equipment

C31

Furniture and fixtures

C265,C266,C267,C32, C3313,C3319

Miscellaneous manufactures

Note:  * - Major industries categorized  into sub-industries

 

  • Response Rate         

The response rates for the January 2016 MISSI and PPS are 69.3 and 76.3 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates for Total Manufacturing
(In percent)

 

January 2016

December 2015
(Revised)

MISSI

69.3

81.2r

PPS

76.3r

85.0r

                               r -revised

 

 

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

 

 

                                                        FOR THE NATIONAL STATISTICIAN:

 
 
 
 
                                                        (Sgd.)          ESTELA T. DE GUZMAN
                                                                                              (Assistant National Statistician)
                                                                                                       Officer -in- Charge

 

 

 

TABLE 1-A Value of Production Index, December 2015 and January 2016
   (2000 =100)
 

Gainers

Year-on-Year Growth (%)

January 2016
December 2015
(revised)

Chemical products

309.6

10.4

Food manufacturing

19.1

-1.7

Tobacco products

49.6

-6.7

Electrical machinery

4.8

-4.1

Machinery except electrical

8.7

20.4

Beverages

11.7

14.6

 

Losers

Year-on-Year Growth (%)

January 2016
December 2015
(revised)

Petroleum products

-33.7

-40.6

Basic metals

-31.6

-7.0

Transport equipment

-9.0

9.1

Furniture and fixtures

-36.6

-28.0

Textiles

-14.5

-10.9

Paper and paper products

-12.5

19.6

Non-metallic mineral products

-6.7

18.6

Leather products

-80.3

19.2

Wood and wood products

-31.9

-23.0

Footwear and wearing apparel

-3.9

1.5

Fabricated metal products

-7.4

-20.7

Printing

-6.8

-44.3

Rubber and plastic products

-2.5

-2.2

Miscellaneous manufactures

1/

15.4

 

        Notes:  1/  - Less than 0.1 percent decrease  
                    Major Industries are ranked according to their contribution to the overall 2000-based January 2016 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 2015 and January 2016
(2000 = 100)
 

Gainers

Year-on-Year Growth (%)

January 2016
December 2015
(revised)

Chemical products

312.4

10.2

Electrical machinery

19.2

12.4

Food manufacturing

20.2

-0.2

Machinery except electrical          

23.6

16.1

Tobacco products

49.4

-3.3

Beverages

10.1

11.4

Rubber and plastic products

2.9

6.7

Footwear and wearing apparel

1.0

2.9

 

Losers

Year-on-Year Growth (%)

January 2016
December 2015
(revised)

Petroleum products

-35.1

-34.2

Basic metals

-22.3

6.0

Paper and paper products

-16.8

19.3

Transport equipment

-6.6

12.2

Non-metallic mineral products

-8.9

19.2

Textiles

-12.8

-13.3

Furniture and fixtures

-28.5

-2.1

Leather products

-80.6

17.6

Fabricated metal products

-7.9

-22.3

Wood and wood products

-20.1

0.2

Miscellaneous manufactures

-3.3

14.1

Printing

-5.3

-43.4

 

        Notes: 
                    Major Industries are ranked according to their contribution to the overall 2000-based January 2016 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 2015 and January 2016
(2000 =100)
 

Gainers

Year-on-Year Growth (%)

January 2016
December 2015
(revised)

Chemical products

320.8

-5.1

Food manufacturing

19.3

-4.5

Machinery except electrical

4.5

13.3

Miscellaneous manufactures

19.1

27.0

Printing

24.0

-61.7

Leather products

105.5

2.3

Wood and wood products

30.9

16.5

Rubber and plastic products

8.7

11.5

Paper and paper products

5.0

30.0

Non-metallic mineral products

0.1

22.6

 

Losers

Year-on-Year Growth (%)

January 2016
December 2015
(revised)

Electrical machinery

-29.1

-8.9

Petroleum products

-13.4

-19.1

Basic metals

-24.4

-17.4

Transport equipment

-17.0

6.4

Beverages

-13.0

34.3

Tobacco products

-23.3

2.6

Footwear and wearing apparel

-6.0

-2.9

Furniture and fixtures

-21.1

-25.3

Textiles

-8.8

-11.2

Fabricated metal products

-5.5

-0.2

 
        Notes: 
                    Major Industries are ranked according to their contribution to the overall 2000-based January 2016 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 2015 and January 2016
(2000 = 100)
 

Gainers

Year-on-Year Growth (%)

January 2016
December 2015
(revised)

Chemical products

323.7

-5.2

Food manufacturing

20.4

-3.1

Machinery except electrical

18.9

9.3

Miscellaneous manufactures

15.2

25.6

Printing

26.0

-61.1

Wood and wood products

53.7

51.5

Leather products

102.0

1.0

Rubber and plastic products

14.8

21.6

 

Losers

Year-on-Year Growth (%)

January 2016
December 2015
(revised)

Electrical machinery

-19.4

6.8

Petroleum products

-15.2

-10.3

Beverages

-14.3

30.5

Transport equipment

-14.9

9.4

Basic metals

-14.1

-5.8

Tobacco products

-23.4

6.4

Textiles

-7.0

-13.6

Fabricated metal products

-6.0

-2.2

Furniture and fixtures

-11.1

1.6

Non-metallic mineral products

-2.2

23.2

Footwear and wearing apparel

-1.2

-1.5

Paper and paper products

-0.2

29.7

 
 
        Notes: 
                    Major Industries are ranked according to their contribution to the overall 2000-based January 2016 growth rate.
                    Year-on-year growth rates are computed by dividing the current month index by previous
                    year same month index less 1.

 


   

       Source:  Industry Statistics Division
                     Economic Sector Statistics Service
                     Sectoral Statistics Office

 

 

 

 

 

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