• Value of Net Sales posts a two-digit growth in October 2011

   

On a yearly comparison, Value of Net Sales Index (VaNSI) continued to accelerate as it reflected a two-digit increment of 12.3 percent in October 2011. The major contributing factor was the expansion in sales of 12 major sectors of manufacturing industry, with two-digit increases observed in the following: petroleum products, tobacco products, leather products, chemical products, beverages, food manufacturing and non-metallic mineral products. Refer to Tables 2-A and 3.

On a monthly basis, VaNSI improved as it posted a growth of 2.9 percent from a decrement of 4.6 percent in September 2011. This was attributed to three major sectors, namely: leather products, electrical machinery and publishing and printing. Refer to Tables 2-A and 3.

• Volume of Net Sales grows

   

Volume of Net Sales Index (VoNSI) increased in October 2011 posting an annual growth of 12.0 percent. Thirteen of 20 major contributed to the growth in volume of net sales with significant increases observed in the following: furniture and fixtures, transport equipment, leather products, chemical products, tobacco products, beverages and non-metallic mineral products. Refer to Tables 2-B and 4.

VoNSI, on a month-on-month change, climbed 2.2 percent in October 2011, compared with the previous month's decline of 5.1 percent. Major sectors that showed two-digit growth in sales volume were leather products, electrical machinery and publishing and printing. Refer to Tables 2-B and 4.

• Capacity Utilization

   

  Average capacity utilization in October 2011 for total manufacturing stood at 83.1 percent. Eleven of the 20 major sectors registered capacity utilization rates of 80 percent and more, namely: basic metals, petroleum products, food manufacturing, non-metallic mineral products, miscellaneous manufactures, electrical machinery, rubber and plastic products, chemical products, paper and paper products, machinery except electrical and leather products. Refer to Table 6.

  The proportion of establishments that operated at full capacity (90% to 100%) was 15.2 percent in October 2011. About 60.7 percent of the establishments operated at 70% to 89% capacity while 24.1 percent of the establishments operated below 70% capacity.

   

   

  Table 2 Distribution of Key Manufacturing Establishments by Capacity Utilization
  for Total Manufacturing, October 2011
  (In percent)

  Capacity Utilization	Percent Share
  Below 50 percent	5.5
  50 percent - 59 percent	7.5
  60 percent - 69 percent	11.1
  70 percent - 79 percent	18.1
  80 percent - 89 percent	42.6
  90 percent - 100 percent	15.2

   

  • Response Rates

     

  The response rates for the October 2011 MISSI and PPS are 80.7 percent and 90.3 percent, respectively. Refer to Tables 7 and 8

   

  Table 3 Response Rates for Total Manufacturing
  (In percent)

  	October 2011	September 2011 (revised)
  MISSI	80.7	91.4r
  PPS	90.3r	93.1r

   
                                                                                   r-revised
  • Technical Notes

    The Monthly Integrated of Selected Industries (MISSI) is one of the designated statistical activities undertaken by the National Statistics Office to provide flash indicators on the performance of growth-oriented industries in the manufacturing sector. The survey gathers monthly data on employment, compensation, production, net sales, inventories and capacity utilization.

    The MISSI utilizes the Laspeyres-type method of index computation where the weights are computed from the value of production of the Census of Philippine Business and Industry (CPBI). Rebasing of data series is undertaken as soon as new CPBI are available.

    For the 2010 MISSI index series with base year of 2000, the weights of the major sectors and sub-sectors were computed from the results of the 2000 CPBI for manufacturing establishments with average total employment of 20 and over.

    The indicators generated from the 2010 MISSI are Value of Production Index (VaPI), Volume of Production Index (VoPI), Value of Net Sales (VaNSI), and Volume of Net Sales (VoNSI). However, the VoPI and VoNSI are derived indicators utilizing the Producer Price Index as deflator.

    The industry coverage of the 2010 MISSI conforms with the amended 1994 PSIC groupings. There are 20 major sectors as shown below with 10 further disaggregated into sub-sectors.

     

     

    PSIC CODE	INDUSTRY DESCRIPTION
    15 except 155	Food Manufacturing*
    155	Beverages
    16	Tobacco products
    17	Textiles*
    18,174 and 192	Footwear and wearing apparel
    191	Leather products
    20	Wood and wood products*
    21	Paper and paper products
    22	Publishing and printing
    23	Petroleum products*
    24	Chemical products*
    25	Rubber and plastic products*
    26	Non-metallic mineral products*
    27	Basic metals*
    28	Fabricated metal products
    29 and 30	Machinery except electrical*
    31 and 32	Electrical machinery*
    34 and 35	Transport equipment
    36	Furniture and fixtures
    33 and 39	Miscellaneous manufactures

                                                Note: * - Major sectors categorized into sub-sectors

    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

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  TABLE 1-A. Value of Production Index, September 2011 - October 2011
  (2000=100)
   

  Gainers	Year-on-Year Growth (%)
  	October 2011	September 2011 (revised)
  Petroleum Products	36.8	43.8
  Beverages	22.0	19.2
  Miscellaneous Manufactures	51.1	18.7
  Chemical Products	13.5	22.8
  Leather Products	418.1	146.7
  Rubber and Plastic Products*	22.0	23.2
  Furniture and Fixtures	40.7	51.4
  Tobacco Products	15.7	23.1
  Non-Metallic Mineral Products	9.5	3.5
  Publishing and Printing	1.9	-13.8
  Textiles	0.1	4.1

  Losers	Year-on-Year Growth (%)
  	October 2011	September 2011 (revised)
  Food Manufacturing	-24.3	-24.9
  Electrical Machinery	-21.4	8.6
  Machinery Except Electrical	-21.3	-16.5
  Basic Metals	-30.3	-7.9
  Footwear and Wearing Apparel	-17.5	4.8
  Transport Equipment	-7.2	1.0
  Fabricated Metal Products	-10.0	10.0
  Paper and Paper Products	-5.4	15.8
  Wood and Wood Products	-5.0	-7.0

   

  TABLE 1-A. Value of Production Index, September 2011 - October 2011 (concluded)
  (2000=100)
   

  Gainers	Month-on-Month Growth (%)
  	October 2011	September 2011 (revised)
  Miscellaneous Manufactures	90.4	-3.8
  Food Manufacturing	9.3	-2.8
  Petroleum Products	6.0	-5.4
  Machinery Except Electrical	4.5	-3.1
  Leather Products	72.3	135.1
  Rubber and Plastic Products*	3.7	1.5
  Publishing and Printing	4.4	30.0
  Furniture and Fixtures	5.2	19.3
  Non-Metallic Mineral Products	0.3	-0.1

  Losers	Month-on-Month Growth (%)
  	October 2011	September 2011 (revised)
  Electrical Machinery	-29.8	4.0
  Basic Metals	-12.6	-15.7
  Footwear and Wearing Apparel	-16.4	-0.9
  Paper and Paper Products	-16.4	-0.9
  Transport Equipment	-4.8	5.5
  Tobacco Products	-8.4	-4.9
  Fabricated Metal Products	-11.1	1.8
  Chemical Products	-2.0	-8.9
  Textiles	-6.1	24.4
  Beverages	-1.8	12.0
  Wood and Wood Products	-0.8	4.6

  Notes:

  * - new sector in the 2000-based series

  Sectors are ranked according to their contribution to the overall 2000-based October 2011 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, September 2011 - October 2011
  (2000=100)
   

  Gainers	Year-on-Year Growth (%)
  	October 2011	September 2011 (revised)
  Miscellaneous Manufactures	66.3	30.7
  Beverages	26.8	23.8
  Chemical Products	15.5	24.9
  Furniture and Fixtures	144.2	170.4
  Leather Products	421.3	145.2
  Petroleum Products	7.9	9.1
  Transport Equipments	17.2	29.4
  Rubber and Plastic Products*	15.5	17.2
  Non-Metallic Mineral Products	13.6	6.2
  Tobacco Products	10.7	17.7
  Publishing and Printing	1.9	-13.8

  Losers	Year-on-Year Growth (%)
  	October 2011	September 2011 (revised)
  Food Manufacturing	-27.3	-28.4
  Electrical Machinery	-21.7	10.7
  Machinery Except Electrical	-28.4	-19.9
  Basic Metals	-36.6	-17.5
  Footwear and Wearing Apparel	-18.2	4.0
  Fabricated Metal Products	-8.5	12.0
  Paper and Paper Products	-2.5	15.5
  Wood and Wood Products	-5.1	-7.1
  Textiles	-1.1	2.2

   

  TABLE 1-B. Volume of Production Index, September 2011 - October 2011(concluded)
  (2000=100)
   

  Gainers	Month-on-Month Growth (%)
  	October 2011	September 2011 (revised)
  Miscellaneous Manufactures	92.8	-7.7
  Food Manufacturing	8.7	-3.4
  Petroleum Products	6.9	-6.6
  Leather Products	74.5	134.3
  Rubber and Plastic Products	3.3	1.2
  Non-Metallic Mineral Products	2.7	-1.0
  Publishing and Printing	4.4	30.0
  Machinery Except Electrical	0.2	-5.4
  Furniture and Fixtures	2.5	43.1
  Losers	Month-on-Month Growth (%)
  	October 2011	September 2011 (revised)
  Electrical Machinery	-29.9	2.5
  Basic Metals	-12.0	-16.8
  Footwear and Wearing Apparel	-15.6	16.3
  Paper and Paper Products	-15.2	-2.2
  Transport Equipment	-5.4	7.8
  Tobacco Products	-8.4	-4.9
  Chemical Products	-2.2	-9.9
  Fabricated Metal Products	-11.1	1.8
  Textiles	-6.1	25.6
  Beverages	-1.8	12.0
  Wood and Wood Products	-0.8	4.6

  Notes

  * - new sector in the 2000-based series

  Sectors are ranked according to their contribution to the overall 2000-based October 2011 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 Index, September 2011 - October 2011
  (2000=100)
   

  Gainers	Year-on-Year Growth (%)
  	October 2011	September 2011 (revised)
  Petroleum Products	37.0	28.2
  Food Manufacturing	14.4	10.6
  Chemical Products	23.0	12.7
  Electrical Machinery	9.3	-11.6
  Beverages	17.5	5.8
  Tobacco Products	30.7	53.3
  Non-Metallic Mineral Products	12.8	5.1
  Transport Equipment	7.1	5.1
  Machinery Except Electrical	1.2	-5.0
  Leather Products	25.6	5.9
  Textiles	2.5	6.2
  Wood and Wood Products	7.5	4.0

  Losers	Year-on-Year Growth (%)
  	October 2011	September 2011 (revised)
  Basic Metals	-7.5	4.8
  Rubber and Plastic Products*	-25.0	25.9
  Footwear and Wearing Apparel	-9.4	17.7
  Paper and Paper Products	-11.2	6.0
  Publishing and Printing	-16.0	3.3
  Fabricated Metal Products	-10.3	-5.4
  Miscellaneous Manufactures	-5.3	15.9
  Furniture and Fixtures	-2.8	-2.0

   

  TABLE 2-A. Value of Net Sales Index, September 2011 - October 2011
  (concluded)
  (2000=100)
   

  Gainers	Month-on-Month Growth (%)
  	October 2011	September 2011 (revised)
  Electrical Machinery	15.5	-2.4
  Petroleum Products	7.2	-27.7
  Food Manufacturing	4.0	1.0
  Chemical Products	3.6	7.4
  Machinery Except Electrical	2.3	a/
  Publishing and Printing	10.0	-10.2
  Non-Metallic Mineral Products	2.4	-4.4
  Leather Products	31.0	-1.4
  Beverages	1.3	15.1
  Furniture and Fixtures	7.0	13.1
  Transport Equipment	1.0	9.0
  Wood and Wood Products	4.2	4.4

  Losers	Month-on-Month Growth (%)
  	October 2011	September 2011 (revised)
  Basic Metals	-15.5	-8.1
  Footwear and Wearing Apparel	-18.5	25.9
  Rubber and Plastic Products*	-10.7	7.4
  Fabricated Metal Products	-8.6	4.3
  Textiles	-6.5	22.4
  Paper and Paper Products	-5.0	2.0
  Tobacco Products	-4.6	33.3
  Miscellaneous Manufactures	-2.4	3.0

   

  Note:

  * - new sector in the 2000-based series

  b/ - Less than 0.1 percent decrease

  Sectors are ranked according to their contribution to the overall 2000-based October 2011 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 Index, September 2011 - October 2011
  (2000=100)
   

  Gainers	Year-on-Year Growth (%)
  	October 2011	September 2011 (revised)
  Chemical Products	25.2	14.6
  Food Manufacturing	9.8	5.4
  Electrical Machinery	8.8	-9.9
  Transport Equipment	35.2	34.6
  Beverages	22.1	9.9
  Petroleum Products	8.1	-2.8
  Furniture and Fixtures	68.8	75.0
  Non-Metallic Mineral Products	17.0	7.9
  Tobacco Products	25.1	46.7
  Miscellaneous Manufactures	4.2	27.7
  Leather Products	26.4	5.1
  Wood and Wood Products	7.4	3.9
  Textiles	1.3	4.3
  Losers	Year-on-Year Growth (%)
  	October 2011	September 2011 (revised)
  Machinery Except Electrical	-7.9	-8.8
  Basic Metals	-15.8	-6.1
  Rubber and Plastic Products*	-29.0	19.8
  Footwear and Wearing Apparel	-10.2	16.9
  Publishing and Printing	-16.0	3.3
  Paper and Paper Products	-8.5	5.7
  Fabricated Metal Products	-8.7	-3.7

   

  TABLE 2-B. Volume of Net Sales Index, September 2011 - October 2011
  (concluded)
  (2000=100)
   

  Gainers	Month-on-Month Growth (%)
  	October 2011	September 2011 (revised)
  Electrical Machinery	15.4	-3.9
  Petroleum Products	8.1	-28.6
  Food Manufacturing	3.4	0.3
  Chemical Products	3.4	6.2
  Non-Metallic Mineral Products	4.8	-5.3
  Publishing and Printing	10.0	-10.2
  Leather Products	32.6	-1.7
  Beverages	1.3	15.1
  Furniture and Fixtures	4.3	35.7
  Wood and Wood Products	4.2	4.4
  Transport Equipment	0.3	11.4

  Losers	Month-on-Month Growth (%)
  	October 2011	September 2011 (revised)
  Basic Metals	-15.0	-9.2
  Footwear and Wearing Apparel	-19.0	24.3
  Machinery Except Electrical	-1.9	-2.4
  Rubber and Plastic Products*	-11.0	7.0
  Fabricated Metal Products	-8.6	4.3
  Textiles	-6.5	23.6
  Tobacco Products	-4.6	33.3
  Paper and Paper Products	-3.6	0.6
  Miscellaneous Manufactures	-1.2	-1.2

  Note:

  *  -   new sector in the 2000-based series

  Sectors are ranked according to their contribution to the overall 2000-based October 2011 growth rate.

  Year-on-year growth rates are 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.

   

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  Source:   National Statistics Office
                   Manila, Philippines