Monthly Integrated Survey of Selected Industries : December 2004

24 February 2005

 

Total Manufacturing

      December 2004      

      November 2004      

  Year-on-Year Growth

 

      Production Index

 

            Value(VaPI)

17.0

18.7r

            Volume(VoPI)

5.7

8.1r

      Net Sales Index

 

 

            Value

7.6

12.0r

            Volume

-7.2

-3.2r

      Producer's Price Index

10.7

9.8r

  Average Capacity Utilization          

79.9

80.0

 

               r -revised

·  Value of Production Index (VaPI) maintains upward trend

Value of Production Index (VaPI) for the manufacturing industry on a year-on-year basis continued to gain by 17.0 percent in December 2004, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Major sources of increase were observed in the following sectors: rubber products, publishing and printing, furniture and fixtures, petroleum products, non-metallic mineral products, transport equipment, electrical machinery, footwear and wearing apparel, wood and wood products, miscellaneous manufactures, chemical products and paper and paper products. Refer to Tables 1-A and 1.

However, VaPI's performance on a month-on-month basis, decreased by 1.0 percent compared to the previous month. Sectors that contributed to the decline were leather products, transport equipment, fabricated metal products, miscellaneous manufactures and textile.Refer to Tables 1-A and 1.

·  Volume of Production Index (VoPI) continues to improve

Volume of Production Index (VoPI) registered a year-on-year increase of 5.7 percent in December 2004. Sectors that significantly attributed to the increase were rubber products, furniture and fixtures, publishing and printing, beverage, transport equipment, non-metallic mineral products, electrical machinery, miscellaneous manufactures and textile. Refer to Tables 2 and 1-B.

On a month-on-month basis, VoPI in December 2004 continued to decline by 1.4 percent. Major contributors to the decrease were from leather products, fabricated metals, transport equipment and miscellaneous manufactures. Refer to Tables 2 and 1-B.

·  Value of Net Sales continues to gain

Value of Net Sales in December 2004 continued to grow by 7.6 percent compared to a year ago figure. Leather products exhibited significant increase of 141.5 percent. Sectors which posted considerable increases were rubber products, publishing and printing, tobacco, basic metals, transport equipment, petroleum products, wood and wood products, furniture and fixtures, textile, paper and paper products and electrical machinery. Refer to Tables 2-A and 3.

On a month-on-month basis, Value of Net Sales made a turnaround increase of 3.8 percent in December 2004 from a decline of 4.0 percent in the previous month. Sectors that contributed to the increase were tobacco, beverage, petroleum products and publishing and printing. Refer to Tables 2-A and 3.

·  Volume of Net Sales still on its downtrend

Volume of Net Sales, on a year-on-year basis, registered a decline of 7.2 percent in December 2004. Significant decreases were observed in the following sectors: footwear and wearing apparel, fabricated metal products, chemical products, miscellaneous manufactures, food manufacturing, machinery excluding electrical, and petroleum products.Refer to Tables 2-B and 4.

On a month-on-month basis, Volume of Net Sales managed to grow by 3.1 percent from a decline of 4.5 percent in the previous month. Four (4) sectors, which significantly contributed to the increase, were tobacco, beverage, petroleum products and publishing and printing.Refer to Tables 2-B and 4.

·  Producer's Price Index (PPI) edge higher

Producer's Price Index (PPI) for total manufacturing posted a year-on-year increase of 10.7 percent in December 2004. This was brought about by significant increases of the following major sectors: Footwear and wearing apparel, petroleum products, basic metals, chemical products, tobacco, fabricated metal products, food manufacturing and non-metallic mineral products.Refer to Table 5..

On a month-on-month basis, PPI for total manufacturing gained by 0.40 percent in December 2004 from a low 0.10 percent growth in the previous month. Sectors that contributed to the increase were chemical products, wood and wood products, paper and paper products and footwear and wearing apparel.Refer to Table 5.

·  Capacity Utilization

Average capacity utilization in December 2004 for total manufacturing was estimated at 79.9 percent. Sectors with more than 80% capacity utilization rates were the following: machinery excluding electrical, electrical machinery, paper and paper products, petroleum products, miscellaneous manufactures, rubber products, basic metals, leather products, food manufacturing and chemical products.Refer to Table 6..

In December 2004, the proportion of establishments that operated at full capacity (90%-100%) was 15.8 percent. More than half or 52.6 percent of the establishments operated at 70%-89% capacity and 31.6 percent of the establishments operated below 70% capacity.

Distribution of Key Manufacturing Establishments by Capacity Utilization
Total Manufacturing, December 2004

(In percent)

            Capacity Utilization            

         Percent Share         

Below 50 percent

6.2

50 percent - 59 percent

8.2

60 percent - 69 percent

17.2

70 percent - 79 percent

23.0

80 percent - 89 percent

29.6

90 percent - 100 percent

15.8

 

·  Response Rate

The response rate for December 2004 is 90.7 percent, which corresponds to the retrieval of 488 sample establishments' reports.Refer to Table 7.

Response Rates for Total Manufacturing
(In percent)

          December 2004          

          November 2004          
(revised)

90.7

96.8

 

·  Technical Notes

Starting 2004, weights for the Producer's Price Index (PPI) are based from the results of the 2000 Census of Philippine Business and Industry (CPBI) for establishments with average total employment (ATE) of 20 and over. Reference year for the 2000 CPBI is 1999. Refer to Press Release on Revision of 2004 PPI weights..

Data of non-responding sample establishments are estimated based on previous records and other available sources. Revisions to the preliminary estimates are done upon receipt of actual reports of late respondents.
 

 

                                                                                                    (Sgd.) CARMELITA N. ERICTA
                                                                                                    Administrator


TABLE 1-A. VALUE OF PRODUCTION INDEX, November - December 2004
(1994 =100)

                            Gainers                            

          Year-on-Year Growth (percent)          

December 2004

November 2004
(revised)

 

Petroleum Products

37.5

37.6

Electrical Machinery

19.0

20.6

Food Manufacturing

8.3

7.5

Chemical Products

12.7

12.4

Transport Equipment

23.0

34.5

Non-Metallic Mineral Products

28.2

23.0

Footwear and Wearing Apparel*

18.7

7.5

Publishing and Printing*

44.4

37.3

Beverage

9.7

18.4

Rubber Products

50.5

36.0

Textile

9.9

15.8

Basic Metals

4.4

18.4

Furniture and Fixtures

39.5

81.3

Tobacco

8.1

-17.8

Paper and Paper Products

11.2

13.5

Wood and Wood Products

14.3

44.5

Miscellaneous Manufactures

13.2

13.3

Machinery Excluding Electrical*

7.5

-0.9

 

Losers

          Year-on-Year Growth (percent)          

December 2004

November 2004
(revised)

 

Fabricated Metal Products*

-11.7

16.9

Leather Products*

-1.2

81.8

 

TABLE 1-A. VALUE OF PRODUCTION INDEX, November - December 2004
(concluded)
(1994=100)

                            Gainers                            

      Month-on-Month Growth (percent)      

December 2004

November 2004
(revised)

 

Footwear and Wearing Apparel*

26.6

-7.0

Tobacco

23.0

-13.3

Beverage

7.4

6.0

Chemical Products

2.9

-7.1

Publishing and Printing*

21.0

8.7

Food Manufacturing

0.3

0.5

Paper and Paper Products

1.9

-1.0

Furniture and Fixtures

3.7

0.8

Non-metallic Mineral Products

0.6

-23.5

 

Losers

      Month-on-Month Growth (percent)      

December 2004

November 2004
(revised)

 

Transport Equipment

-20.5

-3.8

Electrical Machinery

-5.3

-4.0

Fabricated Metal Products*

-20.5

-4.1

Textile

-10.0

-2.1

Petroleum Products

-1.7

1.4

Miscellaneous Manufactures

-10.5

2.4

Machinery Excluding Electrical*

-8.4

8.6

Basic Metals

-1.7

2.0

Wood and Wood Products

-6.1

-5.2

Leather Products*

-36.1

-2.7

Rubber Products

-0.9

-2.2

 

Note: * - new sectors in the 1994-based series

Sectors are ranked according to their contribution to the overall 1994-based December 2004 growth rate.

Year-on-year growth rates are computed by dividing the current month index by previous year same month index less 1.

Month-on-month growth rates are computed by dividing the current month index by previous month index less 1.

TABLE 1-B. VOLUME OF PRODUCTION INDEX, November - December 2004
(1994 = 100)

                            Gainers                            

          Year-on-Year Growth (percent)          

December 2004

November 2004
(revised)

 

Electrical Machinery

13.0

13.0

Transport Equipment

16.6

26.0

Beverage

17.4

25.4

Non-Metallic Mineral Products

15.2

4.8

Publishing and Printing*

39.8

32.9

Rubber Products

47.0

30.1

Textile

10.0

5.9

Furniture and Fixtures

45.0

97.9

Miscellaneous Manufactures

10.4

10.1

Machinery Excluding Electrical*

7.1

-4.8

Paper and Paper Products

3.5

13.5

Wood and Wood Products

5.8

46.8

 

Losers

          Year-on-Year Growth (percent)          

December 2004

November 2004
(revised)

 

Basic Metals

-21.5

-11.7

Chemical Products

-9.7

1.0

Food Manufacturing

-4.5

-7.8

Footwear and Wearing Apparel*

-14.7

-26.7

Fabricated Metal Products*

-23.9

0.8

Tobacco

-12.3

-33.1

Petroleum Products

-1.0

-1.9

Leather Products*

-2.6

79.2

 

TABLE 1-B. VOLUME OF PRODUCTION INDEX, November - December 2004
(concluded)
(1994=100)

                            Gainers                            

      Month-on-Month Growth (percent)      

December 2004

November 2004
(revised)

 

Footwear and Wearing Apparel*

25.0

-8.2

Tobacco

23.0

-13.3

Beverage

7.4

6.0

Publishing and Printing*

21.0

5.1

Non-Metallic Mineral Products

2.0

-24.1

Food Manufacturing

0.3

1.0

Furniture and Fixtures

3.2

0.6

Paper and Paper Products

0.1

0.9

 

Losers

          Month-on-Month Growth (percent)          

December 2004

November 2004
(revised)

 

Transport Equipment

-20.4

-3.8

Electrical Machinery

-4.8

-3.5

Chemical Products

-3.4

-8.2

Fabricated Metal Products*

-20.5

-5.1

Textile

-9.9

-2.1

Basic Metals

-2.6

1.4

Petroleum Products

-0.9

-2.0

Miscellaneous Manufactures

-10.2

2.6

Machinery Excluding Electrical*

-8.4

8.6

Wood and Wood Products

-7.7

-5.7

Leather Products*

-36.1

-2.7

Rubber Products

-0.9

-2.2

 

Note: * - new sectors in the 1994-based series

Sectors are ranked according to their contribution to the overall 1994-based December 2004 growth rate.

Year-on-year growth rates are computed by dividing the current month index by previous year same month index less 1.

Month-on-month growth rates are computed by dividing the current month index by previous month index less 1.

TABLE 2-A. VALUE OF NET SALES, November - December 2004
(1994=100)

                            Gainers                            

          Year-on-Year Growth (percent)          

December 2004

November 2004
(revised)

 

Petroleum Products

19.0

15.7

Basic Metals

25.4

33.4

Electrical Machinery

12.0

10.5

Transport Equipment

19.4

32.8

Tobacco

31.6

-8.1

Textile

15.2

27.0

Publishing and Printing*

35.5

37.7

Non-metallic Mineral Products

9.1

1.9

Paper and Paper Products

13.8

20.1

Rubber Products

36.1

30.9

Leather Products*

141.5

57.3

Wood and Wood Products

17.1

42.9

Beverage

2.1

4.1

Furniture and Fixtures

16.4

39.1

 

Losers

          Year-on-Year Growth (percent)          

December 2004

November 2004
(revised)

 

Food Manufacturing

-5.5

10.7

Fabricated Metal Products*

-23.6

8.9

Chemical Products

-2.9

-5.5

Footwear and Wearing Apparel*

-6.9

3.9

Miscellaneous Manufactures

-17.3

-2.0

Machinery excluding Electrical*

-14.2

-11.2

 

TABLE 2-A. VALUE OF NET SALES, November - December 2004 (concluded)
(1994=100)

                            Gainers                            

      Month-on-Month Growth (percent)      

December 2004

November 2004
(revised)

 

Tobacco

69.6

-5.0

Petroleum Products

14.3

-3.7

Beverage

17.9

-4.9

Chemical Products

8.3

-17.9

Food Manufacturing

2.0

5.4

Footwear and Wearing Apparel*

6.1

-2.4

Publishing and Printing*

12.4

23.9

Furniture and Fixtures

7.7

-1.2

 

Losers

      Month-on-Month Growth (percent)      

December 2004

November 2004
(revised)

 

Electrical Machinery

-11.7

-8.7

Textile

-13.0

-2.8

Paper and Paper Products

-14.7

18.2

Fabricated Metal Products*

-13.4

-13.6

Machinery excluding Electrical*

-14.5

4.0

Miscellaneous Manufactures

-15.6

-26.5

Wood and Wood Products

-14.3

4.2

Non-metallic Mineral Products

-3.7

-32.7

Rubber Products

-9.8

-4.7

Basic Metals

-1.0

2.7

Transport Equipment

-0.7

1.7

Leather Products*

-23.3

-1.3

 

Note: * - new sectors in the 1994-based series

Sectors are ranked according to their contribution to the overall 1994-based December 2004 growth rate.

Year-on-year growth rates are computed by dividing the current month value of net sales by previous year same month value of net sales less 1.

Month-on-month growth rates are computed by dividing the current month value of net sales by previous month value of net sales less 1.

TABLE 2-B. VOLUME OF NET SALES, November - December 2004
(1994=100)

                            Gainers                            

          Year-on-Year Growth (percent)          

December 2004

November 2004
(revised)

 

Transport Equipment

12.1

24.4

Electrical Machinery

5.9

3.6

Textile

15.5

16.2

Beverage

8.1

10.2

Publishing and Printing*

31.1

33.3

Wood and Wood Products

23.3

45.1

Tobacco

7.4

-25.0

Paper and Paper Products

10.9

20.1

Rubber Products

30.0

25.2

Leather Products*

138.1

55.1

Furniture and Fixtures

26.2

51.9

 

Losers

          Year-on-Year Growth (percent)          

December 2004

November 2004
(revised)

     

 

Food Manufacturing

-18.7

-5.1

Chemical Products

-19.6

-15.1

Petroleum Products

-13.8

-17.5

Footwear and Wearing Apparel*

-37.7

-29.2

Fabricated Metal Products*

-34.1

-6.2

Basic Metals

-6.3

-0.5

Machinery excluding Electrical*

-17.5

-14.7

Miscellaneous Manufactures

-19.2

-4.8

Non-metallic Mineral Products

-2.9

-13.1

 

TABLE 2-B. VOLUME OF NET SALES, November - December 2004 (concluded)
(1994=100)

                            Gainers                            

      Month-on-Month Growth (percent)      

December 2004

November 2004
(revised)

 

Tobacco

69.6

-5.0

Petroleum Products

15.2

-6.9

Beverage

17.9

-4.9

Food Manufacturing

1.9

6.0

Footwear and Wearing Apparel*

4.7

-3.6

Chemical Products

1.6

-18.8

Publishing and Printing*

12.4

19.9

Furniture and Fixtures

7.2

-1.3

 

Losers

      Month-on-Month Growth (percent)      

December 2004

November 2004
(revised)

 

Electrical Machinery

-11.2

-8.2

Textile

-12.9

-2.8

Paper and Paper Products

-16.2

20.4

EFabricated Metal Products*

-13.4

-14.5

Machinery excluding Electrical*

-14.5

4.0

Miscellaneous Manufactures

-15.2

-26.4

Wood and Wood Products

-15.8

3.7

Basic Metals

-1.9

2.1

Non-metallic Mineral Products

-2.4

-33.2

Rubber Products

-9.8

-4.7

Transport Equipment

-0.6

1.6

Leather Products*

-23.3

-1.3

 

Note: * - new sectors in the 1994-based series

Sectors are ranked according to their contribution to the overall 1994-based December 2004 growth rate.

Year-on-year growth ratesare computed by dividing the current month volume of net sales by previous year same month volume of net sales less 1.

Month-on-month growth rates are computed by dividing the current month volume of net sales by previous month volume of net sales less 1.


Source:   National Statistics Office
               Manila, Philippines

Contents

Releases by Year

Featured Video

Press Conference on the 2022 Second Quarter Performance of the Philippine Economy
Press Conference on the 2022 Second Quarter Performance of the Philippine Economy

Connect with us!