Value of Production Index (VaPI) expands
Value of Production Index (VaPI) of the manufacturing industry exhibited a 9.0 percent growth in April 2003 compared with year-ago figure, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Significant increases were observed in the following sectors: wood and wood products, basic metals, leather products, petroleum products, footwear and wearing apparel, miscellaneous manufactures, machinery excluding electrical, rubber products, chemical products and paper and paper products(see Table 1-A).
Compared to the previous month, however, VaPI reported a slump of 6.7 percent in April 2003. The following sectors that contributed to the decline were: transport equipment, furniture and fixtures, tobacco, food manufacturing, textile, fabricated metal products and electrical machinery (see Table 1-A).
· Volume of Production Index (VoPI) registers sli