PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : March 2016

Release Date:
May 11, 2016

 

 

 

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

TOTAL MANUFACTURING

MARCH
2016
MARCH
2015

     Production Index (2000=100)

 

 

       Value       (VaPI)

1.9

8.6

       Volume    (VoPI)

7.8

14.9

         Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

-4.8

-0.8

       Volume     (VoNSI)

0.7

5.0

     Producer Price Index (2000=100)

-5.4r

-5.5

                                           r - revised

 

  • Value of Production Index sustains growth in March 2016

Value of Production Index (VaPI) for total manufacturing accelerated at a slower rate of 1.9 percent in March 2016, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Ten of the 20 major sectors contributed to the increase in VaPI, led by tobacco products with a growth of 82.6 percent. Other top grosser that posted two-digit increments were fabricated metal products (20.1%), wood and wood products (16.6%), paper and paper products (16.4%) and food manufacturing (16.3%). Refer to Tables 1-A and 1.

 

  • Volume of Production grows at a slower pace

Volume of Production Index (VoPI) registered a slower annual growth of 7.8 percent compared with the two-digit growth of 14.9 percent during the same month last year. Of the 12 major sectors that reflected increases in VoPI, 10 sectors exhibited two-digit growth led by tobacco products with 82.6 percent growth. Other major sectors that recorded two-digit growth were non-metallic mineral products (28.5%), machinery except electrical (27.8%), wood and wood products (24.5%), fabricated metal products (18.7%), basic metals (17.3%), paper and paper products (15.7%), food manufacturing (15.3%), rubber and plastic products (14.5%), and electrical machinery (13.0%). Refer to Tables 1-B and 2.

 

 

 

  • Value of Net Sales Index slides further

Value of Net Sales Index (VaNSI) continued to decline, reflecting an annual drop of   4.8 percent in March 2016. The contraction was due to the significant reduction in VaNSI observed in eight major sectors, offsetting the  growth reported by 12 major sectors. Major sectors that reported two-digit decreases were petroleum products (-25.0%), textiles (-22.7%), footwear and wearing apparel (-19.3%) and transport equipment (-10.7%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales keeps positive rate

Volume of Net Sales Index (VoNSI) recorded a minimum increase of 0.7 percent in March 2016. This was brought about by the increases in VoNSI exhibited by 12 major sectors, with significant growth observed in the following: fabricated metal products (27.0%), machinery except electrical (26.0%), furniture and fixtures (21.4%), wood and wood products (19.2%), rubber and plastic products (15.1%), basic metals (13.8%) and electrical machinery (11.6%). Refer to Tables 2-B and 4.

 

 

  • Average Capacity Utilization Rate in March 2016 is 83.4 percent with basic metals posting the highest among industries

Average capacity utilization rate in March 2016 for total manufacturing was recorded at 83.4 percent. Fifty-five percent or 11 of the 20 major industries operated at 80 percent and above capacity utilization rates. These were:

 

  • basic metals (88.6%)

  • petroleum products (88.1%)

  • non-metallic mineral products (86.5%)

  • machinery except electrical (85.3%)

  • food manufacturing (84.8%)

  • electrical machinery (84.4%)

  • chemical products (84.0%)

  • paper and paper products (83.3%)

  • rubber and plastic products (82.5%)

  • wood and wood products (81.0%)

  • printing (80.3%)

 

The proportion of establishments that operated at full capacity (90% to 100%) was 23.9 percent in March 2016. About 58.2 percent of the establishments operated at 70 percent to 89 percent capacity while 17.9 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: March 2016

Capacity Utilization

Percent Share

Below 50%

   3.6

50% - 59%

   4.5

60% - 69%

   9.8

70% - 79%

 22.8

80% - 89%

 35.4

 90% - 100%

 23.9

 

  • Industry Coverage

The 2016 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 2016 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 March 2016 MISSI and PPS are 70.9 and 76.6 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates for Total Manufacturing
(In percent)

 

March 2016

February 2016
(Revised)

MISSI

70.9

85.3r

PPS

76.6r

85.8r

 

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.)     JOSIE B. PEREZ
                                                                                                                                 (Deputy National Statistician)
                                                                                                                                         Officer -in- Charge

 

 

 

 

 

TABLE 1-A Value of Production Index, February 2016 and March 2016

   (2000 =100)

 

Gainers

Year-on-Year Growth (%)

March 2016
February 2016
(revised)

Food manufacturing

16.3

28.6

Tobacco products

82.6

6.8

Machinery except electrical

8.4

9.7

Electrical machinery

4.0

8.9

Paper and paper products

16.4

-1.7

Fabricated metal products

20.1

39.5

Basic metals

4.8

-12.0

Wood and wood products

16.6

-24.7

Beverages

1.4

1.5

Chemical products

0.6

-18.4

 

Losers

Year-on-Year Growth (%)

March 2016
February 2016
(revised)

Petroleum products

-36.9

-20.0

Footwear and wearing apparel

-14.5

-10.4

Transport equipment

-9.0

3.8

Textiles

-13.2

-25.8

Miscellaneous manufactures

-10.8

5.8

Rubber and plastic products

-7.6

-0.3

Leather products

-83.8

-79.5

Furniture and fixtures

-9.8

7.0

Printing

-2.0

24.5

Non-metallic mineral products

-0.8

-5.4

 

Notes:  Major Industries are ranked according to their contribution to the overall 2000-based March 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, February 2016 and March 2016

(2000 = 100)

Gainers

Year-on-Year Growth (%)

March 2016
February 2016
(revised)

Machinery except electrical          

27.8

24.6

Food manufacturing

15.3

28.6

Electrical machinery

13.0

16.2

Tobacco products

82.6

6.8

Non-metallic mineral products

28.5

21.5

Basic metals

17.3

-1.2

Rubber and plastic products

14.5

23.3

Paper and paper products

15.7

-4.0

Fabricated metal products

18.7

36.8

Wood and wood products

24.5

-18.2

Chemical products

1.2

-2.1

Furniture and fixtures

3.5

24.7

 

Losers

Year-on-Year Growth (%)

March 2016
February 2016
(revised)

Petroleum products

-30.8

-11.3

Footwear and wearing apparel

-11.8

-6.8

Transport equipment

-7.9

6.3

Miscellaneous manufactures

-13.3

2.5

Textiles

-13.5

-26.2

Leather products

-83.9

-79.8

Beverages

-1.3

-1.1

Printing

-1.4

25.1

 

Notes:  Major Industries are ranked according to their contribution to the overall 2000-based March 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, February 2016 and March 2016

(2000 =100)

Gainers

Year-on-Year Growth (%)

March 2016
February 2016
(revised)

Machinery except electrical

6.9

9.3

Electrical machinery

2.7

0.6

Beverages

10.3

-8.3

Fabricated metal products

28.5

53.1

Tobacco products

6.7

25.3

Paper and paper products

6.2

16.5

Rubber and plastic products

9.3

9.1

Basic metals

1.7

-12.2

Wood and wood products

11.7

22.4

Furniture and fixtures

5.8

-19.7

Leather products

7.8

7.6

Chemical products

1/

-16.2

 

Losers

Year-on-Year Growth (%)

March 2016
February 2016
(revised)

Petroleum products

-25.0

-24.8

Food manufacturing

-9.6

7.7

Footwear and wearing apparel

-19.3

-13.6

Transport equipment

-10.7

6.3

Textiles

-22.7

-15.6

Miscellaneous manufactures

-6.9

25.6

Non-metallic mineral products

-4.2

10.5

Printing

-8.1

110.6

 

Notes:  Major Industries are ranked according to their contribution to the overall 2000-based March 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, February 2016 and March 2016

(2000 = 100)

 

Gainers

Year-on-Year Growth (%)

March 2016
February 2016
(revised)

Machinery except electrical

26.0

24.3

Electrical machinery

11.6

7.4

Basic metals

13.8

-1.4

Fabricated metal products

27.0

50.1

Beverages

7.4

-10.7

Rubber and plastic products

15.1

13.9

Furniture and fixtures

21.4

-6.4

Tobacco products

6.7

25.3

Paper and paper products

5.5

13.8

Wood and wood products

19.2

33.0

Chemical products

0.6

-15.4

Leather products

7.0

5.9

 

Losers

Year-on-Year Growth (%)

March 2016
February 2016
(revised)

Petroleum products

-17.7

-16.6

Food manufacturing

-10.4

7.7

Footwear and wearing apparel

-16.8

-10.1

Transport equipment

-9.7

9.0

Textiles

-22.9

-16.0

Miscellaneous manufactures

-9.4

21.7

Non-metallic mineral products

-6.2

7.1

Printing

-7.5

111.5

 

Notes:  Major Industries are ranked according to their contribution to the overall 2000-based March 2016 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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