Value of Production maintains an upward trend in May 2008

Value of Production Index (VaPI) for the manufacturing industry continued to grow as it posted an increase of 9.1 percent in May 2008, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Significant expansions in production was exhibited in basic metals with a year-on-year growth of 48.2 percent, followed by other major sectors that posted two-digit increases, namely: leather products, wood and wood products, footwear and wearing apparel, food manufacturing, rubber and plastic products, and beverages. Refer to Tables 1-A and 7.

Value of Production decreases at a slower rate

For the month of May, Value of Production Index (VaPI) of the manufacturing industry recorded a two-digit decline of 13.1 percent from its year-ago level of 17.0 percent, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Seventeen of 20 ma

Value of Production Index (VaPI) for total manufacturing reflected a slower average annual growth of 21.5 percent in March 2010, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was accounted for by the three-digit growth in production value for petroleum products (144.2%) and two-digit growth in 10 major sectors. These sectors were basic metal, miscellaneous manufactures, transport equipment, leather products, wood and wood products, rubber and plastic products, machinery except electrical, electrical machinery, beverages and publishing and printing. Refer to Tables 1-A and 1.