PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : April 2016

Release Date:
June 10, 2016

 

 

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

TOTAL MANUFACTURING

APRIL
2016
APRIL
2015

        Production Index (2000=100)

 

 

       Value       (VaPI)

6.8

-6.4

       Volume    (VoPI)

10.5

1.8

         Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

1.8

-6.8

       Volume     (VoNSI)

5.3

1.3

        Producer Price Index (2000=100)

-3.3r

-8.0

                                                   r - revised

 

  • Value of Production Index rebounds in April 2016

Value of Production Index (VaPI) for total manufacturing bounced back in April 2016 as it posted an annual increase of 6.8 percent from a 6.4 percent decrement during the same month last year, per preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). The increase was brought about by the expansion in VaPI of 14 major sectors, with significant increases observed in the following: miscellaneous manufactures (49.7%), printing (32.3%), food manufacturing (28.4%), transport equipment (23.9%), machinery except electrical (18.7%) and beverages (11.9%). Refer to Tables 1-A and 1.

.
  • Volume of Production exhibits two-digit growth

Volume of Production Index (VoPI) gained further in April 2016, posting two-digit increment of 10.5 percent. Among the 13 major sectors that reported increases in VoPI, six major sectors recorded two-digit growth, namely: machinery except electrical (43.9%), miscellaneous manufactures (40.7%), printing (33.5%), food manufacturing (27.1%), transport equipment (23.5%) and basic metals (18.8%). Refer to Tables 1-B and 2.

 

 

 

  • Value of Net Sales Index picks up in April 2016

Value of Net Sales Index (VaNSI) significantly rose to 1.8 percent in April 2016 compared with the negative 6.8 percent during the same month of last year. Of the     12 major sectors that reflected increases in VaNSI, eight sectors exhibited two-digit growth led by printing with 54.7 percent increase. Other major sectors that recorded two-digit growth were wood and wood products (32.3%), basic metals (22.9%), miscellaneous manufactures (22.0%), machinery except electrical (21.7%), rubber and plastic products (21.2%), paper and paper products (20.3%), and non-metallic mineral products (16.4%). 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 an annual growth of 5.3 percent in April 2016. Eleven major sectors showed increases in VoNSI, with nine sectors attributing to the significant increases, namely: printing (56.1%), machinery except electrical (47.7%), wood and wood products (39.2%), basic metals (37.2%), rubber and plastic products (25.5%), paper and paper products (19.0%), miscellaneous manufactures (14.7%), non-metallic mineral products (12.5%) and leather products (10.0%). Refer to Tables 2-B and 4.

 

 

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

Average capacity utilization rate in April 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 (88.0%)
  • non-metallic mineral products (86.6%)
  • machinery except electrical (85.2%)
  • food manufacturing (84.7%)
  • electrical machinery (84.4%)
  • chemical products (83.8%)
  • paper and paper products (83.4%)
  • rubber and plastic products (82.6%)
  • wood and wood products (80.9%)
  • printing (80.2%)

 

The proportion of establishments that operated at full capacity (90% to 100%) was 24.1 percent in April 2016. About 58.2 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 B and 6.

 

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

Capacity Utilization

Percent Share

Below 50%

   3.2

50% - 59%

   5.0

60% - 69%

   9.5

70% - 79%

 23.2

80% - 89%

 35.0

 90% - 100%

 24.1

 

  • 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 April 2016 MISSI and PPS are 75.3 and 81.8 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates for Total Manufacturing
(In percent)

 

April 2016

March 2016
(Revised)

MISSI

75.3

85.5r

PPS

81.8r

85.4r

 

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.

 

 

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

 

 

 

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

   (2000 =100)

Gainers

Year-on-Year Growth (%)

April 2016
March 2016
(revised)

Food manufacturing

28.4

17.6

Machinery except electrical

18.7

7.0

Transport equipment

23.9

-10.1

Miscellaneous manufactures

49.7

-9.3

Electrical machinery

3.0

3.2

Beverages

11.9

1.6

Printing

32.3

19.4

Chemical products

4.4

0.5

Basic metals

6.4

4.8

Paper and paper products

9.0

7.7

Rubber and plastic products

4.0

-5.7

Non-metallic mineral products

2.0

-2.2

Tobacco products

2.8

81.1

Wood and wood products

1.0

15.9

 

Losers

Year-on-Year Growth (%)

April 2016
March 2016
(revised)

Petroleum products

-41.9

-37.0

Footwear and wearing apparel

-16.1

-15.4

Textiles

-26.0

-12.9

Furniture and fixtures

-39.0

-10.0

Fabricated metal products

-15.1

-4.4

Leather products

-84.3

-84.2

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

(2000 = 100)

Gainers

Year-on-Year Growth (%)

April 2016
March 2016
(revised)

Food manufacturing

27.1

17.0

Machinery except electrical          

43.9

30.4

Transport equipment

23.5

-9.3

Basic metals

18.8

17.1

Electrical machinery

4.5

15.6

Miscellaneous manufactures

40.7

-12.3

Chemical products

5.3

1.1

Printing

33.5

20.1

Beverages

7.1

-1.1

Rubber and plastic products

7.7

17.3

Paper and paper products

7.8

6.9

Tobacco products

2.8

81.1

Wood and wood products

6.3

23.6

 

Losers

Year-on-Year Growth (%)

April 2016
March 2016
(revised)

Petroleum products

-37.0

-30.9

Textiles

-27.0

-13.7

Footwear and wearing apparel

-10.7

-11.4

Furniture and fixtures

-33.2

4.2

Fabricated metal products

-16.1

-5.9

Leather products

-84.3

-84.0

Non-metallic mineral products

-1.4

26.3

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

(2000 =100)

Gainers

Year-on-Year Growth (%)

April 2016
March 2016
(revised)

Machinery except electrical

21.7

11.4

Basic metals

22.9

2.2

Chemical products

8.8

2.9

Printing

54.7

18.2

Non-metallic mineral products

16.4

-1.8

Miscellaneous manufactures

22.0

-8.7

Paper and paper products

20.3

9.9

Rubber and plastic products

21.2

9.7

Tobacco products

9.9

5.3

Wood and wood products

32.3

11.8

Beverages

1.4

1.3

Leather products

9.4

4.9

 

Losers

Year-on-Year Growth (%)

April 2016
March 2016
(revised)

Petroleum products

-15.4

-25.0

Electrical machinery

-3.2

0.2

Transport equipment

-12.9

-11.6

Footwear and wearing apparel

-17.4

-19.5

Furniture and fixtures

-52.0

4.6

Textiles

-12.2

-22.9

Fabricated metal products

-11.6

1.3

Food manufacturing

-0.2

-7.5

 

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

(2000 = 100)

Gainers

Year-on-Year Growth (%)

April 2016
March 2016
(revised)

Machinery except electrical

47.7

35.7

Basic metals

37.2

14.2

Chemical products

9.7

3.5

Printing

56.1

18.9

Non-metallic mineral products

12.5

-4.1

Paper and paper products

19.0

9.1

Rubber and plastic products

25.5

16.0

Miscellaneous manufactures

14.7

-11.8

Wood and wood products

39.2

19.2

Tobacco products

9.9

5.3

Leather products

10.0

5.9

 

Losers

Year-on-Year Growth (%)

April 2016
March 2016
(revised)

Petroleum products

-8.3

-17.7

Transport equipment

-13.2

-10.7

Footwear and wearing apparel

-12.0

-15.7

Furniture and fixtures

-47.5

21.1

Electrical machinery

-1.8

12.3

Textiles

-13.4

-23.6

Food manufacturing

-1.2

-8.0

Fabricated metal products

-12.7

-0.3

Beverages

-2.9

-1.4

 

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