Monthly Integrated Survey of Selected Industries : November 2016

Release Date:
January 10, 2017

 

 

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

TOTAL MANUFACTURING

NOVEMBER
2016
NOVEMBER
2015

        Production Index (2000=100)

 

 

       Value       (VaPI)

10.6

-2.2

       Volume    (VoPI)

14.6

4.4

         Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

5.6

-5.8

       Volume     (VoNSI)

9.4

0.4

        Producer Price Index (2000=100)

-3.5r

-6.2

                                                   r - revised

 

  • Value of Production Index expands at two-digit rate in November 2016

Value of Production Index (VaPI) for manufacturing picked up by 10.6 percent in November 2016 from the negative 2.2 percent during the same month of last year, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Among the 10 major sectors reporting increments in VaPI,  seven major sectors significantly contributed to the increases, namely: petroleum products (68.8%), transport equipment (39.1%), food manufacturing (26.7%) and beverages (15.1%), rubber and plastic products (14.2%), tobacco products (11.3%) and textiles (10.4%). Refer to Tables 1-A and 1.

 

  • Volume of Production Index also accelerates

Volume of Production Index (VoPI) likewise, recorded a year-on-year growth of 14.6 percent in November 2016 compared with 4.4 percent increase during the same month last year. Significant expansion in VoPI was observed in six sectors led by petroleum products with an increase of 80.3 percent. Other sectors with two-digit annual rates were transport equipment (40.4%), food manufacturing (24.6%), rubber and plastic products (16.1%), tobacco products (11.1%) and beverages (10.3%). Refer to  Tables 1-B and 2.

 

 

  • Value of Net Sales Index rises

Value of Net Sales Index (VaNSI) increased 5.6 percent, recording a reversal from the negative rate of 5.8 percent in November 2015. Sectors that largely contributed to the growth in VaNSI were observed in the following: wood and wood products (32.3%), machinery except electrical (26.1%), rubber and plastic products (15.7%), basic metals (13.3%), textiles (11.1%) and food manufacturing (10.1%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index further gains

Volume of Net Sales Index (VoNSI) went up by 9.4 percent in November 2016 compared with a minimal increase of 0.4 percent during the same month of last year. The increase was brought about by the expanded output performance of 13 major sectors, with significant increases noted in seven sectors, namely: machinery except electrical (42.4%), wood and wood products (27.0%), basic metals (20.5%), rubber and plastic products (17.5%), petroleum products (16.4%), textiles (10.3%) and furniture and fixtures (10.2%). Refer to Tables   2-B and 4.

 

  • Average Capacity Utilization Rate in November 2016 is 83.8 percent with petroleum products posting the highest among industries

Average capacity utilization rate in November 2016 for total manufacturing was recorded at 83.8 percent. Fifty-five percent or 11 of the 20 major industries operated at 80 percent and above capacity utilization rates. These were:

  • petroleum products (88.6%)
  • basic metals (88.3%)
  • non-metallic mineral products (86.3%)
  • machinery except electrical (85.4%)
  • food manufacturing (85.1%)
  • chemical products (85.0%)
  • electrical machinery (84.5%)
  • paper and paper products (83.5%)
  • rubber and plastic products (83.0%)
  • wood and wood products (80.9%)
  • printing (80.4%)

 

The proportion of establishments that operated at full capacity (90% to 100%) was recorded more than one-fifth of the total number of establishments (23.7%) in November 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: November 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 November 2016 MISSI and PPS are 67.1 and 77.4 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates for Total Manufacturing
(In percent)

 

November 2016

October 2016
(Revised)

MISSI

67.1

87.5r

PPS

77.4r

89.1r

 

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.

 

                     

                                                 LISA GRACE S. BERSALES, Ph. D.
                                    National Statistician and Civil Registrar General

 

 

 


 

 

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

   (2000 =100)

Gainers

Year-on-Year Growth (%)

November 2016
October 2016
(revised)

Petroleum products

68.8

29.1

Food manufacturing

26.7

22.6

Transport equipment

39.1

27.9

Beverages

15.1

15.0

Rubber and plastic products

14.2

5.5

Chemical products

4.5

2.6

Tobacco products

11.3

-10.5

Textiles

10.4

2.3

Paper and paper products

6.3

4.2

Wood and wood products

4.0

8.0

 

Losers

Year-on-Year Growth (%)

November 2016
October 2016
(revised)

Machinery except electrical

-12.3

9.2

Electrical machinery

-4.9

-12.3

Fabricated metal products

-26.8

-18.0

Leather products

-89.4

-88.6

Printing

-15.7

-21.5

Furniture and fixtures

-20.9

-34.1

Basic metals

-3.6

6.6

Non-metallic mineral products

-4.4

-2.3

Footwear and wearing apparel

-1.0

-9.6

Miscellaneous manufactures

-0.8

4.9

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

(2000 = 100)

Gainers

Year-on-Year Growth (%)

November 2016
October 2016
(revised)

Petroleum products

80.3

36.2

Food manufacturing

24.6

19.9

Transport equipment

40.4

28.9

Beverages

10.3

10.3

Rubber and plastic products

16.1

6.8

Chemical products

5.6

3.3

Tobacco products

11.1

-10.6

Textiles

9.6

2.2

Paper and paper products

7.2

4.8

Basic metals

2.5

13.9

 

Losers

Year-on-Year Growth (%)

November 2016
October 2016
(revised)

Electrical machinery

-2.7

-8.9

Fabricated metal products

-26.7

-17.7

Leather products

-88.4

-87.3

Printing

-15.2

-20.9

Non-metallic mineral products

-5.8

-4.1

Miscellaneous manufactures

-7.3

-10.9

Machinery except electrical          

-0.9

25.6

Furniture and fixtures

-2.4

-18.0

Footwear and wearing apparel

-0.1

-7.8

Wood and wood products

-0.2

4.2

 

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

(2000 =100)

Gainers

Year-on-Year Growth (%)

November 2016
October 2016
(revised)

Machinery except electrical

26.1

13.7

Food manufacturing

10.1

6.1

Electrical machinery

5.6

3.1

Petroleum products

8.9

3.1

Basic metals

13.3

10.4

Chemical products

4.9

2.3

Transport equipment

6.1

8.5

Textiles

11.1

-5.3

Rubber and plastic products

15.7

9.9

Wood and wood products

32.3

21.9

Paper and paper products

7.2

11.4

Non-metallic mineral products

4.3

6.5

Miscellaneous manufactures

0.2

-5.5

 

Losers

Year-on-Year Growth (%)

November 2016
October 2016
(revised)

Beverages

-11.9

-14.6

Fabricated metal products

-27.8

-24.9

Tobacco products

-18.5

-14.9

Footwear and wearing apparel

-9.0

-15.7

Printing

-11.9

-6.8

Furniture and fixtures

-10.7

-24.2

Leather products

-21.0

-6.1

 

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

(2000 = 100)

Gainers

Year-on-Year Growth (%)

November 2016
October 2016
(revised)

Machinery except electrical

42.4

30.9

Petroleum products

16.4

8.8

Electrical machinery

8.1

7.1

Food manufacturing

8.3

3.8

Basic metals

20.5

18.0

Chemical products

6.0

2.9

Transport equipment

7.1

9.3

Rubber and plastic products

17.5

11.3

Textiles

10.3

-5.3

Paper and paper products

8.0

12.0

Wood and wood products

27.0

17.6

Non-metallic mineral products

2.7

4.4

Furniture and fixtures

10.2

-5.7

 

 

Losers

Year-on-Year Growth (%)

November 2016
October 2016
(revised)

Beverages

-15.5

-18.2

Fabricated metal products

-27.6

-24.6

Tobacco products

-18.6

-15.0

Footwear and wearing apparel

-8.2

-14.0

Printing

-11.4

-6.2

Miscellaneous manufactures

-6.3

-11.4

Leather products

-12.6

4.5

 

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