PREVIOUS RELEASE

Monthly Integrated Survey of Selected Industries : October 2016

Release Date:
December 9, 2016

 

 

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

TOTAL MANUFACTURING

OCTOBER
2016
OCTOBER
2015

        Production Index (2000=100)

 

 

       Value       (VaPI)

4.3

-6.2

       Volume    (VoPI)

8.4

1.5

         Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

2.2

-9.7

       Volume     (VoNSI)

6.2

-2.2

        Producer Price Index (2000=100)

-3.7r

-7.6

                                                   r - revised

 

  • Value of Production Index gains in October 2016

Value of Production Index (VaPI) grew in October 2016 recording a year-on-year growth of 4.3 percent compared with the negative 6.2 percent during the same month of last year, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This increase in VaPI was due to the two-digit growth observed in four major sectors, outpacing the two-digit decreases reported by six major sectors. Major sectors that reported significant expansion were petroleum products (29.0%), transport equipment (17.7%), food manufacturing (16.8%) and beverages (12.1%). Refer to Tables 1-A and 1.

 

  • Volume of Production Index accelerates further

Volume of Production Index (VoPI) rose by 8.4 percent in October 2016 compared with a minimal increase of 1.5 percent during the same month of last year. This maybe attributed to the increases in fifty percent of the 20 major sectors with significant contribution of four heavily weighted sectors namely: petroleum products (37.0%), machinery except electrical (24.4%), transport equipment (19.4%) and food manufacturing (14.3%). Refer to Tables 1-B and 2.

 

 

  • Value of Net Sales Index recovers

Value of Net Sales Index (VaNSI) recovered in October 2016, registering a growth of 2.2 percent compared with the negative 9.7 percent during the same month of last year. This was brought about by the favorable performance of 11 major sectors, with two-digit increases reported by the  following: transport equipment (15.3%), wood and wood products (14.1%), machinery except electrical (12.5%), paper and paper products (11.5%) and rubber and plastic products (10.8%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index also rises

Volume of Net Sales Index (VoNSI) rose 6.2 percent, recording a reversal from the negative rate of 2.2 percent in October 2015. Sectors that largely contributed to the growth in VoNSI were observed in the following: machinery except electrical (28.7%), transport equipment (17.0%), basic metals (14.6%), rubber and plastic products (12.3%), paper and paper products (12.1%) wood and wood products (10.3%). Refer to Tables   2-B and 4.

 

  • Average Capacity Utilization Rate in October 2016 is 83.7 percent with petroleum products posting the highest among industries

Average capacity utilization rate in June 2016 for total manufacturing was recorded at 83.7 percent. Fifty-five percent or 11 of the 20 major industries operated at 80 percent and above capacity utilization rates. These were:

  • petroleum products (88.5%)
  • basic metals (88.4%)
  • non-metallic mineral products (86.4%)
  • machinery except electrical (85.2%)
  • food manufacturing (84.9%)
  • chemical products (84.8%)
  • electrical machinery (84.4%)
  • paper and paper products (83.4%)
  • rubber and plastic products (82.8%)
  • wood and wood products (81.0%)
  • printing (80.3%)

 

The proportion of establishments that operated at full capacity (90% to 100%) was 23.7 percent in October 2016. About 58.1 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: October 2016

Capacity Utilization

Percent Share

Below 50%

   3.4

50% - 59%

   4.8

60% - 69%

   10.0

70% - 79%

 23.7

80% - 89%

 34.4

 90% - 100%

 23.7

 

  • 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 October 2016 MISSI and PPS are 78.1 and 82.7 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates for Total Manufacturing
(In percent)

 

October 2016

September 2016
(Revised)

MISSI

78.1

91.0r

PPS

82.7r

90.3r

 

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:

 

 

                                                                                                                                    ROMEO S. RECIDE
                                                                                                                            (Deputy National Statistician)
                                                                                                                                     Officer-in-Charge

 

 

 

 

TABLE 1-A Value of Production Index, September 2016 and October 2016

   (2000 =100)

Gainers

Year-on-Year Growth (%)

October 2016
September 2016
(revised)

Petroleum products

29.0

8.8

Food manufacturing

16.8

9.8

Machinery except electrical

8.8

7.4

Transport equipment

17.7

21.4

Beverages

12.1

13.6

Chemical products

2.7

8.3

Rubber and plastic products

4.2

27.4

Basic metals

2.3

32.5

Paper and paper products

4.5

2.0

Textiles

1.8

6.0

 

Losers

Year-on-Year Growth (%)

October 2016
September 2016
(revised)

Electrical machinery

-13.6

-10.7

Fabricated metal products

-29.7

-49.8

Footwear and wearing apparel

-9.8

-12.1

Furniture and fixtures

-35.2

-34.8

Printing

-21.1

6.3

Tobacco products

-10.5

-12.5

Leather products

-88.6

-89.2

Miscellaneous manufactures

-5.3

-7.8

Non-metallic mineral products

-3.0

1.4

Wood and wood products

-0.6

7.1

 

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

   (2000 =100)

Gainers

Year-on-Year Growth (%)

October 2016
September 2016
(revised)

Petroleum products

37.0

21.4

Food manufacturing

14.3

7.3

Machinery except electrical          

24.4

23.9

Transport equipment

19.4

22.5

Basic metals

9.1

40.6

Beverages

7.5

8.9

Chemical products

3.3

9.8

Rubber and plastic products

5.6

29.6

Paper and paper products

5.1

3.4

Textiles

1.7

5.8

 

Losers

Year-on-Year Growth (%)

October 2016
September 2016
(revised)

Electrical machinery

-11.1

-9.5

Fabricated metal products

-29.4

-49.4

Printing

-20.6

7.0

Footwear and wearing apparel

-7.7

-8.8

Miscellaneous manufactures

-11.4

-12.6

Tobacco products

-10.6

-12.6

Leather products

-87.3

-87.9

Furniture and fixtures

-19.4

-19.1

Non-metallic mineral products

-4.8

-0.7

Wood and wood products

-3.9

9.1

 

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

(2000 =100)

Gainers

Year-on-Year Growth (%)

October 2016
September 2016
(revised)

Machinery except electrical

12.5

11.7

Transport equipment

15.3

29.3

Electrical machinery

3.7

-3.6

Food manufacturing

2.2

8.3

Petroleum products

3.0

-0.4

Basic metals

7.5

25.1

Paper and paper products

11.5

8.4

Chemical products

2.3

5.3

Non-metallic mineral products

5.2

13.6

Rubber and plastic products

10.8

13.0

Wood and wood products

14.1

36.0

 

Losers

Year-on-Year Growth (%)

October 2016
September 2016
(revised)

Beverages

-10.6

-3.9

Footwear and wearing apparel

-15.9

-20.7

Fabricated metal products

-24.5

-45.9

Tobacco products

-14.9

-11.0

Furniture and fixtures

-25.8

-17.4

Miscellaneous manufactures

-5.8

-6.5

Textiles

-5.5

-8.5

Printing

-6.2

6.7

Leather products

-6.2

-10.1

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

(2000 = 100)

Gainers

Year-on-Year Growth (%)

October 2016
September 2016
(revised)

Machinery except electrical

28.7

28.9

Electrical machinery

6.7

-2.3

Petroleum products

9.4

11.2

Transport equipment

17.0

30.5

Basic metals

14.6

32.8

Chemical products

3.0

6.7

Paper and paper products

12.1

9.9

Rubber and plastic products

12.3

14.9

Non-metallic mineral products

3.3

11.2

Wood and wood products

10.3

38.6

Leather products

4.3

0.4

Food manufacturing

1/

5.8

 

Losers

Year-on-Year Growth (%)

October 2016
September 2016
(revised)

Beverages

-14.3

-7.9

Footwear and wearing apparel

-13.9

-17.7

Fabricated metal products

-24.2

-45.5

Tobacco products

-15.0

-11.1

Miscellaneous manufactures

-11.9

-11.4

Textiles

-5.5

-8.7

Printing

-5.6

7.4

Furniture and fixtures

-7.7

2.6

 

Notes:    1/ - Less than 0.1 percent increase
               Major Industries are ranked according to their contribution to the overall 2000-based October 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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