PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : August 2016

Release Date:
October 11, 2016

 

 

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

TOTAL MANUFACTURING

AUGUST
2016
AUGUST
2015

        Production Index (2000=100)

 

 

       Value       (VaPI)

8.4

-5.8

       Volume    (VoPI)

13.5

2.2

         Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

6.4

-7.5

       Volume     (VoNSI)

11.4

0.4

        Producer Price Index (2000=100)

-4.5r

-7.9

                                                   r - revised

 

  • Value of Production Index grows in August 2016

Value of Production Index (VaPI) rose to 8.4 percent in August 2016, a reversal from the negative growth of 5.8 percent during the same month of last year, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). The increase was brought about by the expansion in VaPI for 13 major sectors, with two-digit growth observed in eight major sectors, namely: transport equipment (37.4%), rubber and plastic products (36.9%), basic metals (33.4%), beverages (21.3%), machinery except electrical (18.4%), food manufacturing (13.3%), tobacco products (12.1%), and wood and wood products (10.3%). Refer to Tables 1-A and 1.

 

  • Volume of Production Index sustains positive growth

Volume of Production Index (VoPI) gained further as it posted a significant increase of 13.5 percent in August 2016. Among the 15 major sectors reporting increases, nine significantly influenced the growth, namely: machinery except electrical (44.7%), basic metals (40.8%), rubber and plastic products (40.8%), transport equipment (38.7%), beverages (16.1%), wood and wood products (13.2%), tobacco products (11.9%), food manufacturing (11.1%), and footwear and wearing apparel (10.9%). Refer to Tables 1-B and 2.

 

 

  • Value of Net Sales Index rebounds

Value of Net Sales Index (VaNSI) went up by 6.4 percent, recovering  from a negative 7.5 percent  in  August 2015. The growth  was  due  to  the  favorable performance  of 13 major sectors, with double-digit increases noted in six major sectors, namely: basic metals (35.1%), wood and wood products (29.8%), machinery except electrical (24.0%), beverages (23.8%), rubber and plastic products (20.7%), and food manufacturing (13.0%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index exhibits two-digit growth

Volume of Net Sales Index (VoNSI) grew by 11.4 percent in August 2016 compared with a minimal increase of 0.4 percent during the same month of last year. Major sectors that largely contributed to the expansion in VoNSI were machinery except electrical (51.6%), basic metals (42.5%), wood and wood products (33.1%), rubber and plastic products (24.0%), beverages (18.5%), furniture and fixtures (16.7%), leather products (13.3%), food manufacturing (10.8%), and petroleum products (10.7%). Refer to Tables   2-B and 4.

 

  • Average Capacity Utilization Rate in August 2016 is 83.6 percent with basic metals posting the highest among industries

Average capacity utilization rate in June 2016 for total manufacturing was recorded at 83.6 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 (88.3%)
  • non-metallic mineral products (86.5%)
  • machinery except electrical (85.3%)
  • food manufacturing (84.5%)
  • electrical machinery (84.5%)
  • chemical products (84.4%)
  • paper and paper products (83.2%)
  • rubber and plastic products (83.0%)
  • wood and wood products (81.0%)
  • printing (80.2%)

 

The proportion of establishments that operated at full capacity (90% to 100%) was 23.5 percent in August 2016. About 58.3 percent of the establishments operated at 70 percent to 89 percent capacity while 18.2 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: August 2016

Capacity Utilization

Percent Share

Below 50%

   3.4

50% - 59%

   4.9

60% - 69%

   9.9

70% - 79%

 23.2

80% - 89%

 35.1

 90% - 100%

 23.5

 

  • 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 August 2016 MISSI and PPS are 83.6 and 85.5 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates for Total Manufacturing
(In percent)

 

August 2016

July 2016
(Revised)

MISSI

83.6

91.3r

PPS

85.5r

88.3r

 

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:

 

 

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

 

 

 

 

 

 

TABLE 1-A Value of Production Index, July 2016 and August 2016

   (2000 =100)

 

Gainers

Year-on-Year Growth (%)

August 2016
July 2016
(revised)

Food manufacturing

13.3

18.7

Machinery except electrical

18.4

8.8

Transport equipment

37.4

34.0

Basic metals

33.4

57.0

Rubber and plastic products

36.9

25.1

Beverages

21.3

16.8

Chemical products

6.7

6.0

Tobacco products

12.1

19.8

Footwear and wearing apparel

5.1

-8.2

Non-metallic mineral products

2.1

-2.7

Wood and wood products

10.3

18.4

Paper and paper products

2.7

-2.9

Printing

1.8

11.4

 

Losers

Year-on-Year Growth (%)

August 2016
July 2016
(revised)

Petroleum products

-6.8

-17.2

Electrical machinery

-3.5

-6.7

Fabricated metal products

-18.6

-34.3

Leather products

-86.9

-87.2

Miscellaneous manufactures

-8.5

-7.9

Furniture and fixtures

-18.8

-32.9

Textiles

-7.2

-10.7

 

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

(2000 = 100)

 

Gainers

Year-on-Year Growth (%)

August 2016
(revised)
July 2016
(revised)

Machinery except electrical          

44.7

30.3

Food manufacturing

11.1

17.1

Basic metals

40.8

64.2

Transport equipment

38.7

36.1

Rubber and plastic products

40.8

27.6

Beverages

16.1

11.8

Chemical products

9.0

7.1

Petroleum products

2.3

-6.6

Tobacco products

11.9

19.6

Wood and wood products

13.2

19.6

Paper and paper products

3.3

-2.1

Furniture and fixtures

7.8

-12.7

Printing

2.6

12.1

Non-metallic mineral products

0.7

-4.5

Footwear and wearing apparel

10.9

-3.8

 

Losers

Year-on-Year Growth (%)

August 2016
July 2016
(revised)

Electrical machinery

-3.7

-7.2

Fabricated metal products

-17.8

-34.7

Miscellaneous manufactures

-11.5

-13.0

Leather products

-86.0

-86.5

Textiles

-6.5

-10.9

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

(2000 =100)

 

Gainers

Year-on-Year Growth (%)

August 2016
July 2016
(revised)

Machinery except electrical

24.0

14.0

Food manufacturing

13.0

9.6

Basic metals

35.1

38.6

Beverages

23.8

18.3

Chemical products

5.3

5.6

Rubber and plastic products

20.7

8.8

Paper and paper products

8.9

5.3

Wood and wood products

29.8

22.2

Electrical machinery

0.8

-10.6

Petroleum products

0.9

-19.7

Textiles

4.2

-17.9

Non-metallic mineral products

0.8

9.9

Leather products

6.3

11.2

 

Losers

Year-on-Year Growth (%)

August 2016
July 2016
(revised)

Miscellaneous manufactures

-25.1

-10.4

Fabricated metal products

-23.7

-28.1

Footwear and wearing apparel

-8.7

-10.9

Transport equipment

-3.1

-1.6

Printing

-10.1

-9.9

Tobacco products

-5.1

-2.4

Furniture and fixtures

-12.1

-19.5

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

(2000 = 100)

Gainers

Year-on-Year Growth (%)

August 2016
July 2016
(revised)

Machinery except electrical

51.6

36.4

Basic metals

42.5

45.0

Food manufacturing

10.8

8.1

Petroleum products

10.7

-9.4

Beverages

18.5

13.3

Chemical products

7.6

6.6

Rubber and plastic products

24.0

10.9

Paper and paper products

9.5

6.2

Wood and wood products

33.1

23.4

Furniture and fixtures

16.7

4.7

Electrical machinery

0.6

-11.1

Textiles

5.0

-18.0

Leather products

13.3

17.5

 

Losers

Year-on-Year Growth (%)

August 2016
July 2016
(revised)

Miscellaneous manufactures

-27.6

-15.4

Fabricated metal products

-22.9

-28.5

Footwear and wearing apparel

-3.7

-6.6

Printing

-9.4

-9.3

Tobacco products

-5.2

-2.5

Transport equipment

-2.2

2/

Non-metallic mineral products

-0.5

7.9

 
Notes:    2/ - Less than 0.1 percent decrease
              Major Industries are ranked according to their contribution to the overall 2000-based August 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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