Monthly Integrated Survey of Selected Industries : January 2017

Reference Number: 

2017-028

Release Date: 

Friday, March 10, 2017

 

 
Table A   Year-on-Year Growth Rates for Production Index, Net Sales Index
and Producer Price Index: January 2017 and January 2016
 

TOTAL MANUFACTURING

JANUARY
2017
JANUARY
2016

        Production Index (2000=100)

 

 

       Value       (VaPI)

11.6

25.9

       Volume    (VoPI)

9.3

35.8

         Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

13.1

34.5

       Volume     (VoNSI)

10.8

45.0

        Producer Price Index (2000=100)

2.1

-7.2

                                                   r - revised

 

  • Value of Production Index grows at a slower rate in January 2017

Value of Production Index (VaPI) for manufacturing grew by 11.6 percent in January 2017 compared with the two-digit growth of 25.9 percent during the same month of the previous year, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Of the 14 major sectors that reflected increases in VaPI, nine sectors exhibited two-digit growth led by wood and wood products with three-digit growth of 118.5 percent. Other significant increases were reported by the following: petroleum products (87.2%), basic metals (54.5%), transport equipment (45.5%), footwear and wearing apparel (44.8%), food manufacturing (28.6%), fabricated metal products (22.3%), machinery except electrical (20.9%) and miscellaneous manufactures (19.3%). Refer to Tables 1-A   and 1.

 

  • Volume of Production Index also accelerates

Volume of Production Index (VoPI) likewise rose in January 2017, posting a year-on-year increment of 9.3 percent. The growth was mainly due to the improved performance of 14 major sectors, with significant increases noted in nine major sectors led by wood and wood products (116.7%). Other major sectors that recorded two-digit growth were basic metals (59.2%), footwear and wearing apparel (50.1%), transport equipment (46.6%), petroleum products (45.3%), food manufacturing (28.6%), fabricated metal products (21.1%), machinery except electrical (14.7%) and textiles (14.4%). Refer to Tables 1-B and 2.

  • Value of Net Sales Index exhibits two-digit growth

Value of Net Sales Index (VaNSI) accelerated as it posted an annual growth of 13.1 percent in January 2017. Twelve of the fifteen major sectors showed significant increases in VaNSI as follows: basic metals (54.6%), wood and wood products (40.6%), petroleum products (26.5%), miscellaneous manufactures (26.1%), transport equipment (21.0%), machinery except electrical (19.5%), textiles (19.2%), furniture and fixtures (18.9%),  food manufacturing (11.8%), rubber and plastic products (11.6%), electrical machinery (10.6%) and non-metallic mineral products (10.4%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index likewise gains

Volume of Net Sales Index (VoNSI) increased, registering a two-digit growth of 10.8 percent in January 2017. Among the 14 major sectors reporting increases, nine significantly influenced the growth, namely: basic metals (58.8%), wood and wood products (40.2%), furniture and fixtures (38.7%), textiles (24.1%), miscellaneous manufactures (21.0%), non-metallic mineral products (19.5%), transport equipment (19.1%), machinery except electrical (16.0%), electrical machinery (13.9%), rubber and plastic products (12.1%) and chemical products (11.6%). Refer to Tables 2-B and 4.

 

  • Average Capacity Utilization Rate in January 2017 is 83.8 percent with petroleum products posting the highest among industries

Average capacity utilization rate in January 2017 for total manufacturing was recorded at 83.8 percent. Fifty-five percent or 11 of the 20 major industries operated at 80 percent and above capacity utilization rates. These were:

  • petroleum products (88.9%)
  • basic metals (88.5%)
  • non-metallic mineral products (86.4%)
  • machinery except electrical (85.3%)
  • food manufacturing (85.2%)
  • chemical products (85.0%)
  • electrical machinery (84.5%)
  • paper and paper products (83.4%)
  • rubber and plastic products (82.9%)
  • wood and wood products (82.8%)
  • printing (80.2%)

 

The proportion of establishments that operated at full capacity (90% to 100%) was recorded more than one-fifth of the total number of establishments (23.7%) in January 2017. About 56.2 percent of the total establishments operated at 70 percent to 89 percent capacity while 20.1 percent of the total establishments operated below 70 percent capacity. Refer to Table B and 6.

 

Table B  Distribution of Key Manufacturing Establishments by Capacity Utilization for Total Manufacturing: January 2017

Capacity Utilization

Percent Share

Below 50%

   6.0

50% - 59%

   4.9

60% - 69%

   9.2

70% - 79%

 23.4

80% - 89%

 32.8

 90% - 100%

 23.7

 

  • Industry Coverage

The 2016 MISSI utilizes the 2009 PSIC to classify major industries and sub-industries. Twenty major industries of the 2009 PSIC were formed to comprise the industry coverage of the 2016 MISSI. These are presented in the table below.

 

2009 PSIC CODE

INDUSTRY DESCRIPTION

C10

Food manufacturing *

C11

Beverages

C12

Tobacco products

C13

Textiles*

C14, C152

Footwear and wearing apparel

C151

Leather products

C16

Wood and wood products*

C17

Paper and paper products

C18

Printing

C19

Petroleum products*

C20,C21

Chemical products*

C22

Rubber and plastic products*

C23

Non-metallic mineral products*

C24

Basic metals*; 

C25,C3311

Fabricated metal products

C262,C275,C28,

C263,C268,C3312,C332

Machinery except electrical*

C261,C264,C27,

C29301,C3314,C332

Electrical machinery*

C29 except C29301,

C30,C3315

Transport equipment

C31

Furniture and fixtures

C265,C266,C267,C32, C3313,C3319

Miscellaneous manufactures

Note:  * - Major industries categorized  into sub-industries

  • Response Rate         

The response rates for the January 2017 MISSI and PPS are 71.0 and 73.6 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates for Total Manufacturing
(In percent)

 

January 2017

December 2016
(Revised)

MISSI

71.0

86.8r

PPS

73.6r

89.1r

          r - revised

Data of non-responding samples were estimated using short-term geometric mean of the relative values of responding samples within the industry class. Revisions to the preliminary estimates are done upon receipt of actual reports of late respondents.

 

                     

 

                                    FOR THE NATIONAL STATISTICIAN:

 

 

                                                   JOSIE B. PEREZ
                                    (Deputy National Statistician, CTCO)
                                                 Officer-in-Charge

 

 


 

 

TABLE 1-A Value of Production Index, December 2016 and January 2017

   (2000 =100)

Gainers

Year-on-Year Growth (%)

January 2017
December 2016
(revised)

Petroleum products

87.2

73.3

Food manufacturing

28.6

36.1

Basic metals

54.5

16.5

Machinery except electrical

20.9

8.8

Transport equipment

45.5

35.2

Footwear and wearing apparel

44.8

-4.5

Wood and wood products

118.5

28.0

Miscellaneous manufactures

19.3

-2.3

Fabricated metal products

22.3

38.6

Textiles

9.5

5.5

Beverages

2.4

14.7

Paper and paper products

4.7

11.9

Non-metallic mineral products

1.9

-12.2

Rubber and plastic products

1.4

10.2

 

Losers

Year-on-Year Growth (%)

January 2017
December 2016
(revised)

Electrical machinery

-12.2

6.6

Chemical products

-10.2

9.8

Tobacco products

-15.5

10.7

Printing

-25.6

7.4

Furniture and fixtures

-10.2

-33.4

Leather products

-20.0

-82.7

Notes:  Major Industries are ranked according to their contribution to the overall 2000-based January 2017 growth rate.
              Year-on-year growth rates are computed by dividing the current month index by previous
              year same month index less 1.

 

 

TABLE 1-B  Volume of Production Index, December 2016 and January 2017

(2000 = 100)

Gainers

Year-on-Year Growth (%)

January 2017
December 2016
(revised)

Food manufacturing

28.6

33.5

Petroleum products

45.3

63.0

Basic metals

59.2

21.0

Transport equipment

46.6

33.3

Footwear and wearing apparel

50.1

-2.8

Machinery except electrical          

14.7

23.1

Wood and wood products

116.7

27.5

Fabricated metal products

21.1

39.0

Non-metallic mineral products

9.1

-12.4

Textiles

14.4

9.8

Miscellaneous manufactures

8.6

-7.9

Paper and paper products

8.7

12.6

Rubber and plastic products

4.4

12.8

Furniture and fixtures

1.3

-17.1

 

Losers

Year-on-Year Growth (%)

January 2017
December 2016
(revised)

Electrical machinery

-10.2

10.1

Chemical products

-5.2

11.0

Printing

-27.0

7.0

Tobacco products

-15.3

10.5

Leather products

-16.3

-81.7

Beverages

-0.3

9.4

Notes:  Major Industries are ranked according to their contribution to the overall 2000-based January 2017 growth rate.
              Year-on-year growth rates are computed by dividing the current month index by previous
              year same month index less 1.

 

 

 

TABLE 2-A  Value of Net Sales Index, December 2016 and January 2017

(2000 =100)

Gainers

Year-on-Year Growth (%)

January 2017
December 2016
(revised)

Petroleum products

26.5

23.6

Basic metals

54.6

55.6

Food manufacturing

11.8

9.8

Electrical machinery

10.6

10.1

Machinery except electrical

19.5

14.8

Transport equipment

21.0

81.5

Chemical products

7.0

11.1

Miscellaneous manufactures

26.1

7.1

Beverages

8.0

17.3

Textiles

19.2

-0.3

Non-metallic mineral products

10.4

6.5

Wood and wood products

40.6

23.5

Furniture and fixtures

18.9

-16.3

Rubber and plastic products

11.6

7.8

Paper and paper products

6.5

-6.3

 

Losers

Year-on-Year Growth (%)

January 2017
December 2016
(revised)

Footwear and wearing apparel

-10.4

-44.3

Fabricated metal products

-13.1

-1.0

Tobacco products

-1.8

36.1

Leather products

-7.5

31.7

Printing

-1.1

-22.2

Notes:  Major Industries are ranked according to their contribution to the overall 2000-based January 2017 growth rate.
              Year-on-year growth rates are computed by dividing the current month index by previous
              year same month index less 1.

 

 

 

TABLE 2-B  Volume of Net Sales Index, December 2016 and January 2017

(2000 = 100)

Gainers

Year-on-Year Growth (%)

January 2017
December 2016
(revised)

Basic metals

58.8

61.5

Electrical machinery

13.9

13.7

Food manufacturing

9.3

7.8

Machinery except electrical

16.0

29.9

Chemical products

11.6

12.3

Transport equipment

19.1

79.0

Non-metallic mineral products

19.5

6.3

Textiles

24.1

3.7

Miscellaneous manufactures

21.0

0.9

Beverages

6.8

11.8

Furniture and fixtures

38.7

4.3

Wood and wood products

40.2

23.0

Paper and paper products

8.2

-5.8

Rubber and plastic products

12.1

10.3

 

Losers

Year-on-Year Growth (%)

January 2017
December 2016
(revised)

Footwear and wearing apparel

-7.5

-43.3

Fabricated metal products

-13.9

-0.7

Petroleum products

-1.0

16.2

Tobacco products

-2.0

36.0

Printing

-3.0

-22.5

Leather products

-2.6

40.4

Notes:  Major Industries are ranked according to their contribution to the overall 2000-based January 2017 growth rate.
              Year-on-year growth rates are computed by dividing the current month index by previous
              year same month index less 1.

 

 

  • Response Rate       

The 2016 MISSI utilizes the 2009 PSIC to classify major industries and sub-industries. Twenty major industries of the 2009 PSIC were formed to comprise the industry coverage of the 2016 MISSI. These are presented in the table below.

 

2009 PSIC CODE

INDUSTRY DESCRIPTION

C10

Food manufacturing *

C11

Beverages

C12

Tobacco products

C13

Textiles*

C14, C152

Footwear and wearing apparel

C151

Leather products

C16

Wood and wood products*     

C17

Paper and paper products

C18

Printing

C19

Petroleum products*

C20,C21

Chemical products*

C22

Rubber and plastic products*     

C23

Non-metallic mineral products*

C24

Basic metals*          

C25,C3311

Fabricated metal products

C262,C275,C28,

C263,C268,C3312,C332

Machinery except electrical*

C261,C264,C27,

C29301,C3314,C332

Electrical machinery*

C29 except C29301,

C30,C3315

Transport equipment

C31

Furniture and fixtures

C265,C266,C267,C32, C3313,C3319

Miscellaneous manufactures

Note:  * - Major industries categorized  into sub-industries

 

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