PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : May 2016

Release Date:
July 12, 2016

 

 

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

TOTAL MANUFACTURING

MAY
2016
MAY
2015

        Production Index (2000=100)

 

 

       Value       (VaPI)

-4.9

-8.0

       Volume    (VoPI)

-1.2

-1.1

         Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

3.9

-9.8

       Volume     (VoNSI)

7.8

-3.0

        Producer Price Index (2000=100)

-3.7r

-7.0

                                                      r - revised

 

  • Value of Production Index decelerates at a slower pace in May 2016

Value of Production Index (VaPI) for total manufacturing reflected a decrease of 4.9 percent in May 2016, showing an improvement from the same month last year’s decline of 8.0 percent, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Seven of the nine major sectors significantly contributed to the decline led by leather products, registering a two-digit decrease of 83.3 percent. Other major sectors with two-digit decreases were also observed in the following: chemical products (-48.8%), petroleum products (-36.8%), fabricated metal products (-23.7%), textiles (-18.2%), furniture and fixtures (-17.4%), and footwear and wearing apparel (-10.0%). Refer to Tables 1-A and 1.

.
  • Volume of Production also contracts

Volume of Production Index (VoPI) likewise posted a year-on-year drop of 1.2 percent in May 2016. Five major sectors that largely contributed to the reduction in VoPI were leather products (-83.2%), chemical products (-48.8%), petroleum products (-31.3%), fabricated metal products (-24.5%) and textiles (-19.1%). Refer to   Tables 1-B and 2.

 

 

  • Value of Net Sales Index recovers in May 2016

Value of Net Sales Index (VaNSI) climbed to 3.9 percent in May 2016 compared with 9.8 percent drop during the same month last year. This was brought about by the increments in 13 major sectors led by wood and wood products (64.5%). Other major sectors with two-digit growth in VaNSI were leather products (28.8%), basic metals (25.8%), miscellaneous manufactures (19.5%), transport equipment (16.7%), and beverages (13.9%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index likewise picks up

Volume of Net Sales Index (VoNSI) accelerated as it posted an annual growth of 7.8 percent in May 2016. Fourteen major sectors showed significant increases in VoNSI as follows: wood and wood products (66.0%), basic metals (43.7%), machinery except electrical (29.7%), leather products (29.7%), transport equipment (16.7%), rubber and plastic products (13.5%), and miscellaneous manufactures (12.7%). Refer to Tables 2-B and 4.

 

 

  • Average Capacity Utilization Rate in May 2016 is 83.3 percent with basic metals posting the highest among industries

Average capacity utilization rate in May 2016 for total manufacturing was recorded at 83.3 percent. Fifty-five percent or 11 of the 20 major industries operated at 80 percent and above capacity utilization rates. These were:

  • basic metals (88.7%)
  • petroleum products (88.1%)
  • non-metallic mineral products (86.7%)
  • machinery except electrical (85.2%)
  • food manufacturing (84.6%)
  • electrical machinery (84.2%)
  • chemical products (83.3%)
  • paper and paper products (83.3%)
  • rubber and plastic products (82.8%)
  • wood and wood products (80.8%)
  • printing (80.3%)

 

The proportion of establishments that operated at full capacity (90% to 100%) was 24.1 percent in May 2016. About 57.8 percent of the establishments operated at 70 percent to 89 percent capacity while 18.1 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: May 2016

Capacity Utilization

Percent Share

Below 50%

   3.2

50% - 59%

   5.1

60% - 69%

   9.8

70% - 79%

 23.2

80% - 89%

 34.6

 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 May 2016 MISSI and PPS are 78.5 and 81.4 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates for Total Manufacturing
(In percent)

 

May 2016

April 2016
(Revised)

MISSI

78.5

88.8r

PPS

81.4r

89.8r

 

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.

 

 

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

 

 

 

 

 

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

   (2000 =100)

Gainers

Year-on-Year Growth (%)

May 2016
April 2016
(revised)

Food manufacturing

22.5

30.0

Machinery except electrical

17.0

18.4

Basic metals

27.0

7.7

Transport equipment

20.2

23.7

Rubber and plastic products

23.9

26.4

Beverages

7.8

15.4

Miscellaneous manufactures

10.5

55.5

Tobacco products

5.1

2.9

Printing

4.7

35.1

Wood and wood products

8.8

0.4

Paper and paper products

0.4

10.4

 

Losers

Year-on-Year Growth (%)

May 2016
April 2016
(revised)

Petroleum products

-36.8

-41.9

Chemical products

-48.8

4.7

Electrical machinery

-5.3

2.9

Fabricated metal products

-23.7

-14.5

Textiles

-18.2

-21.5

Footwear and wearing apparel

-10.0

-15.4

Leather products

-83.3

-82.2

Furniture and fixtures

-17.4

-39.0

Non-metallic mineral products

-3.1

2.1

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

(2000 = 100)

Gainers

Year-on-Year Growth (%)

May 2016
April 2016
(revised)

Machinery except electrical          

43.4

43.6

Food manufacturing

20.4

28.4

Basic metals

45.1

19.7

Transport equipment

20.3

23.3

Rubber and plastic products

28.2

30.9

Beverages

3.2

10.5

Tobacco products

5.1

2.9

Miscellaneous manufactures

4.2

46.1

Printing

5.0

36.3

Wood and wood products

9.8

5.7

 

Losers

Year-on-Year Growth (%)

May 2016
April 2016
(revised)

Chemical products

-48.8

5.6

Petroleum products

-31.3

-38.2

Electrical machinery

-4.3

4.0

Fabricated metal products

-24.5

-15.5

Textiles

-19.1

-22.6

Leather products

-83.2

-82.2

Non-metallic mineral products

-5.3

-1.3

Footwear and wearing apparel

-3.6

-9.5

Furniture and fixtures

-5.3

-33.3

Paper and paper products

-0.2

9.4

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

(2000 =100)

Gainers

Year-on-Year Growth (%)

May 2016
April 2016
(revised)

Food manufacturing

8.8

2.3

Basic metals

25.8

23.2

Transport equipment

16.7

-14.2

Electrical machinery

4.4

-2.3

Beverages

13.9

9.4

Machinery except electrical

5.8

0.7

Chemical products

4.7

8.7

Miscellaneous manufactures

19.5

29.1

Wood and wood products

64.5

32.3

Paper and paper products

8.7

19.5

Rubber and plastic products

9.7

13.4

Leather products

28.8

-5.1

Tobacco products

3.2

10.1

 

Losers

Year-on-Year Growth (%)

May 2016
April 2016
(revised)

Petroleum products

-16.9

-15.4

Footwear and wearing apparel

-23.7

-16.4

Textiles

-27.2

-11.0

Fabricated metal products

-15.3

-9.4

Non-metallic mineral products

-3.9

16.7

Furniture and fixtures

-10.3

-7.5

Printing

-1.6

15.6

 

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

(2000 = 100)

Gainers

Year-on-Year Growth (%)

May 2016
April 2016
(revised)

Machinery except electrical

29.7

22.1

Basic metals

43.7

36.8

Food manufacturing

6.9

1.0

Electrical machinery

5.6

-1.2

Transport equipment

16.7

-14.5

Chemical products

4.8

9.6

Beverages

9.1

4.8

Wood and wood products

66.0

39.2

Miscellaneous manufactures

12.7

21.4

Rubber and plastic products

13.5

17.5

Paper and paper products

8.1

18.4

Leather products

29.7

-4.7

Tobacco products

3.2

10.1

Furniture and fixtures

2.8

1.2

 

Losers

Year-on-Year Growth (%)

May 2016
April 2016
(revised)

Petroleum products

-9.7

-10.1

Footwear and wearing apparel

-18.3

-10.5

Textiles

-28.0

-12.2

Fabricated metal products

-16.2

-10.5

Non-metallic mineral products

-6.0

12.7

Printing

-1.3

16.7

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