Comparative year-on-year production still up

Production output of the manufacturing industry in November 2000 moved up by 47.9 percent in value and 36.6 percent in volume compared to a year ago according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI).

Value of Production Index (VaPI) of the manufacturing industry continued to experience an upward trend as it posted a two-digit annual growth of 31.5 percent in February 2010, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was attributed to the increases in production values reported by 17 major sectors, led by petroleum products which exhibited three-digit growth of 238.9 percent. Other major sectors that significantly contributed to the growth were the following: electrical machinery, machinery except electrical, leather products, miscellaneous manufactures, transport equipment, basic metal, rubber and plastic products, non-metallic mineral products, tobacco products, wood and wood products and fabricated metal products. Refer to Tables 1-A and 1.

Manufacturing Output Up in 2000

Manufacturing output for the whole year 2000 increased by 14.0 percent in volume and 23.4 percent growth in value. The growth in volume exceeded the 3.5 percent growth in 1999 and the growth in the value of production also surpassed the 8.6 percent growth the previous year.

Paper & paper products had the highest year-on-year growth among the sectors registering a 43.2 percent increase in its VoPI.

Other sectors with double-digit growth in 2000 were electrical machinery (32.4%), miscellaneous manufactures (29.1%), furniture & fixtures (19.3%), and wearing apparel (17.4%).

These positive developments were however affected by weakness in other sectors, like textile products (-23.1%), basic metals (-15.0%), wood & wood products (-4.7%), food manufacturing (-4.2%), rubber products (-3.9%), beverage (-1.7%), chemicals (-1.6%) and non-metallic mineral products (-0.9%).