Value of Production maintains a two-digit negative rate

For the month of June, Value of Production Index (VaPI) of the manufacturing industry posted a slower decline of negative 12.8 percent compared with the year-ago decrease of 13.0 percent in May 2009, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Significant reductions in value of production was exhibited for petroleum products with a decrease of 48.5 percent, followed by eight major sectors that posted two-digit decrements, namely: furniture and fixtures, leather products, paper and paper products, beverages, footwear and wearing apparel, basic metals, transport equipment, and chemical products. Refer to Tables 1-A and 1.

On a month-on-month comparison, VaPI on the other hand recorded an increase of 3.0 percent in June 2009. Thirteen major sectors contributed to the growth led bymiscellaneous manufactures, fabricated metal products, and electrical machinery. Refer to Tables

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.