Table A Year-on-Year Growth Rates for Production Index, Net Sales Index
and Producer Price Index: August 2017 and August 2016
|
||
---|---|---|
TOTAL MANUFACTURING |
AUGUST
2017
|
AUGUST
2016
|
Production Index (2000=100) |
|
|
Value (VaPI) |
2.4 |
8.5 |
Volume (VoPI) |
2.8 |
13.3 |
Net Sales Index (2000=100) |
|
|
Value (VaNSI) |
- 5.2 |
7.7 |
Volume (VoNSI) |
- 4.9 |
12.5 |
Producer Price Index (2000=100) |
- 0.3r |
- 4.3 |
r - revised
- Value of Production Index slightly increases in August 2017
Value of Production Index (VaPI) for manufacturing posted a slower annual increase of 2.4 percent in August 2017 compared with the 8.5 percent growth during the same month of the previous year, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Among the 13 major sectors exhibiting increases in VaPI, eight sectors significantly contributed to the growth, namely: printing (45.4%), basic metals (34.9%), food manufacturing (23.3%), furniture and fixtures (19.8%), electrical machinery (19.3%), petroleum products (17.1%), transport equipment (15.3%) and non-metallic mineral products (14.0%). Refer to Tables 1-A and 1.
- Volume of Production Index grows at a slower pace
Volume of Production Index (VoPI) merely grew by 2.8 percent in August 2017 compared with a two-digit increment of 13.3 percent in August 2016. Ten of the 13 major sectors exhibited a two-digit growth in VoPI, led by fabricated metal products (89.5%). The other nine major sectors that posted two-digit increases were the following: printing (41.6%), furniture and fixtures (35.6%), basic metals (28.5%), food manufacturing (26.3%), leather products (21.9%), non-metallic mineral products (18.7%), transport equipment (18.6%) electrical machinery (16.8%) and paper and paper products (12.1%). Refer to Tables 1-B and 2.
- Value of Net Sales Index decreases
Value of Net Sales Index (VaNSI) declined in August 2017 as it reported a decrease of 5.2 percent from a growth of 7.7 percent during the same month of the previous year. Three major sectors exhibited two-digit decreases in VaNSI led by chemical products (-54.3%) followed by footwear and wearing apparel (-14.1%) and wood and wood products (-11.0%). Refer to Tables 2-A and 3.
- Volume of Net Sales Index weakens
Volume of Net Sales Index (VoNSI) similarly posted year-on-year drop of 4.9 percent in August 2017. The contributing factor was the decreases in VoNSI exhibited by three major sectors, with considerable reduction observed in chemical products (-53.9%), footwear and wearing apparel (-14.8%) and wood and wood products (-10.9%). Refer to Tables 2-B and 4.
- Average Capacity Utilization Rate in August 2017 is 83.8 percent with petroleum products posting the highest among industries
Average capacity utilization rate in August 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 are:
- petroleum products (88.8%)
- basic metals (88.7%)
- non-metallic mineral products (86.6%)
- machinery except electrical (85.5%)
- food manufacturing (85.0%)
- electrical machinery (84.8%)
- chemical products (83.9%)
- paper and paper products (83.5%)
- rubber and plastic products (83.1%)
- wood and wood products (81.5%)
- printing (80.6%)
The proportion of establishments that operated at full capacity (90% to 100%) was recorded at more than one-fourth of the total number of establishments (26.8%) in August 2017. About 53.8 percent of the total establishments operated at 70 percent to 89 percent capacity while almost one-fifth of the total establishments (19.4%) operated below 70 percent capacity. Refer to Table B and 6.
Table B Distribution of Key Manufacturing Establishments by Capacity Utilization for Total Manufacturing: August 2017 |
|
---|---|
Capacity Utilization |
Percent Share |
Below 50% |
3.9 |
50% - 59% |
4.8 |
60% - 69% |
10.7 |
70% - 79% |
21.9 |
80% - 89% |
31.9 |
90% - 100% |
26.8 |
- Response Rate
The response rates for the August 2017 MISSI and PPS were registered at 77.1 and 82.6 percent, respectively. Refer to Tables 7 and 8.
Table C Response Rates for Total Manufacturing
(In percent)
|
||
---|---|---|
|
August 2017 |
July 2017
(Revised)
|
MISSI |
77.1 |
90.2r |
PPS |
82.6r |
91.9r |
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.
______________________________________________________________________________________________________________
Gainers |
Year-on-Year Growth (%) |
|
---|---|---|
August 2017 |
July 2017
(revised)
|
|
Food manufacturing |
23.3 |
3.1 |
Electrical machinery |
19.3 |
16.0 |
Petroleum products |
17.1 |
12.1 |
Basic metals |
34.9 |
20.5 |
Transport equipment |
15.3 |
12.7 |
Printing |
45.4 |
28.3 |
Non-metallic mineral products |
14.0 |
9.7 |
Beverages |
4.5 |
-0.4 |
Paper and paper products |
8.1 |
9.9 |
Furniture and fixtures |
19.8 |
39.3 |
Fabricated metal products |
7.4 |
21.4 |
Leather products |
9.4 |
7.7 |
Wood and wood products |
2.7 |
-8.6 |
Losers |
Year-on-Year Growth (%) |
|
---|---|---|
August 2017 |
July 2017
(revised)
|
|
Chemical products |
-49.4 |
-54.7 |
Rubber and plastic products |
-24.7 |
-20.1 |
Footwear and wearing apparel |
-21.8 |
-19.0 |
Textiles |
-24.1 |
-27.3 |
Tobacco products |
-17.0 |
20.2 |
Machinery except electrical |
-3.2 |
9.9 |
Miscellaneous manufactures |
-2.9 |
-4.5 |
Gainers |
Year-on-Year Growth (%) |
|
---|---|---|
August 2017 |
July 2017
(revised)
|
|
Food manufacturing |
26.3 |
5.1 |
Electrical machinery |
16.8 |
14.9 |
Fabricated metal products |
89.5 |
107.3 |
Basic metals |
28.5 |
19.4 |
Transport equipment |
18.6 |
14.7 |
Non-metallic mineral products |
18.7 |
16.1 |
Printing |
41.6 |
25.0 |
Furniture and fixtures |
35.6 |
58.0 |
Paper and paper products |
12.1 |
13.1 |
Leather products |
21.9 |
19.8 |
Beverages |
4.7 |
-0.4 |
Wood and wood products |
2.3 |
-9.4 |
Petroleum products |
1.3 |
-1.2 |
Losers |
Year-on-Year Growth (%) |
|
---|---|---|
August 2017 |
July 2017
(revised)
|
|
Chemical products |
-48.4 |
-53.1 |
Footwear and wearing apparel |
-22.1 |
-19.3 |
Rubber and plastic products |
-19.7 |
-14.5 |
Textiles |
-24.7 |
-24.2 |
Miscellaneous manufactures |
-12.4 |
-12.9 |
Machinery except electrical |
-3.4 |
11.1 |
Tobacco products |
-18.2 |
18.4 |
Gainers |
Year-on-Year Growth (%) |
|
---|---|---|
August 2017 |
July 2017
(revised)
|
|
Machinery except electrical |
29.2 |
33.4 |
Electrical machinery |
8.6 |
10.6 |
Basic metals |
31.9 |
18.5 |
Petroleum products |
10.7 |
12.2 |
Transport equipment |
25.4 |
16.1 |
Textiles |
35.6 |
35.9 |
Food manufacturing |
3.5 |
-1.9 |
Beverages |
10.4 |
6.2 |
Printing |
36.6 |
41.0 |
Non-metallic mineral products |
13.5 |
-10.9 |
Tobacco products |
19.0 |
-1.5 |
Miscellaneous manufactures |
17.7 |
-2.5 |
Paper and paper products |
16.4 |
20.0 |
Fabricated metal products |
8.5 |
13.6 |
Leather products |
11.8 |
6.9 |
Rubber and plastic products |
0.6 |
8.7 |
Losers |
Year-on-Year Growth (%) |
|
---|---|---|
August 2017 |
July 2017
(revised)
|
|
Chemical products |
-54.3 |
-55.3 |
Footwear and wearing apparel |
-14.1 |
-20.8 |
Wood and wood products |
-11.0 |
-2.6 |
Furniture and fixtures |
-7.4 |
17.3 |
Gainers |
Year-on-Year Growth (%) |
|
---|---|---|
August 2017 |
July 2017
(revised)
|
|
Machinery except electrical |
32.3 |
38.3 |
Fabricated metal products |
91.5 |
94.0 |
Electrical machinery |
7.1 |
10.4 |
Transport equipment |
26.0 |
15.4 |
Basic metals |
25.3 |
17.1 |
Food manufacturing |
3.7 |
-2.2 |
Textiles |
34.2 |
41.1 |
Non-metallic mineral products |
19.4 |
-4.7 |
Beverages |
12.4 |
7.9 |
Printing |
33.0 |
37.4 |
Paper and paper products |
17.8 |
20.6 |
Tobacco products |
16.8 |
-3.4 |
Miscellaneous manufactures |
11.7 |
-6.3 |
Furniture and fixtures |
8.4 |
37.7 |
Leather products |
25.1 |
19.5 |
Rubber and plastic products |
4.8 |
13.6 |
Losers |
Year-on-Year Growth (%) |
|
---|---|---|
August 2017 |
July 2017
(revised)
|
|
Chemical products |
-53.9 |
-54.3 |
Footwear and wearing apparel |
-14.8 |
-21.4 |
Petroleum products |
-3.5 |
-0.3 |
Wood and wood products |
-10.9 |
-2.9 |