The Value of Production Index (VaPI) for the manufacturing industry on a year-on-year basis grew by 14.0 percent in October 2004, compared with year ago figure, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Major sources of increase were observed in the following sectors: leather products, non-metallic mineral products, rubber products, wood and wood products, paper and paper products, publishing and printing, transport equipment, fabricated metal products, chemical products, footwear and wearing apparel, basic metals, furniture and fixtures and food manufacturing. Refer to Tables 1-A and 1.

Value of Production Index (VaPI) slide continues

Value of Production Index (VaPI) of the manufacturing industry continued its downtrend posting a year-on-year drop of 1.1 percent in October 2002, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Sectors that exhibited double-digit decreases were: basic metals, chemical products and rubber products (see Table 1-A).

On a month-on-month basis, VaPI likewise showed a slight decline of 0.2 percent compared to the previous month. The following sectors contributed significantly to the slide: fabricated metal products, beverage and footwear and wearing apparel. (see Table 1-A).