Monthly Integrated Survey of Selected Industries: August 2019

Reference Number: 

2019-167

Release Date: 

Friday, October 4, 2019

 

Table A   Year-on-Year Growth Rates for Production Index, Net Sales Index

and Producer Price Index: August 2019 and August 2018

(2000=100)

TOTAL MANUFACTURING

AUGUST
2019
AUGUST
2018

Production Index

 

 

       Value       (VaPI)

-7.9

4.1

       Volume    (VoPI)

-9.3

3.1

Net Sales Index

 

 

       Value        (VaNSI)

-2.9

12.5

       Volume     (VoNSI)

-4.4

11.4

Producer Price Index

1.6r

1.0

r - revised

 

  • Value of Production Index declines in August 2019

Based on the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI), the Value of Production Index (VaPI) decreased at an annual rate of 7.9 percent in August 2019. During the same period of the previous year, the annual growth rate of VaPI was posted at 4.1 percent.

The decrease of VaPI in August 2019 was due to the annual decreases in the indices of nine major industry groups led by petroleum products (-61.8%), transport equipment    (-18.5%), electrical machinery (-14.3%) and miscellaneous manufactures (-14.0%). Refer to Tables 1 and 1-A.

 

  • Volume of Production Index likewise drops

The Volume of Production Index (VoPI) fell by 9.3 percent in August 2019. In the same month of the previous year, VoPI posted an annual growth rate of 3.1 percent.

Seven major industry groups registered annual decreases with petroleum products posting the highest annual decline of 59.0 percent, followed by furniture and fixtures (-43.4%), transport equipment (-19.0%), miscellaneous manufactures (-17.7%) and electrical machinery (-11.1%). Refer to Tables  1-B and 2.

 

Figure 1

 

Figure 2

 

  • Value of Net Sales Index slips

The Value of Net Sales Index (VaNSI) went down by 2.9 percent in August 2019 from a two-digit annual growth of 12.5 percent in the same month of the previous year.

The slowdown was mainly due to the annual decreases in 14 major industry groups with two-digit reduction reported in textiles (-14.3%), electrical machinery (-13.7%) and miscellaneous manufactures (-11.3%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index declines

Volume of Net Sales Index (VoNSI) also posted a decrease of 4.4 percent in August 2019.  It posted a two-digit annual growth of 11.4 percent in August 2018.

The decline was brought about by the 10 major industry groups with two-digit decreases as follows: furniture and fixtures (-42.6%), miscellaneous manufactures (-15.1%), textiles (-11.3%) and electrical machinery (-10.5%). Refer to Tables 2-B and 4.

 

Figure 3

 

  • Average Capacity Utilization Rate is highest for petroleum products

Average capacity utilization rate for total manufacturing in August 2019 was posted at 84.3 percent. Sixty-five percent or 13 of the 20 major industries had at least 80 percent capacity utilization rates during the month. These were:

  • petroleum products (89.2%)
  • basic metals (88.6%)
  • machinery except electrical (86.6%)
  • non-metallic mineral products (86.4%)
  • food manufacturing (85.2%)
  • chemical products (85.1%)
  • electrical machinery (85.0%)
  • printing (84.1%)
  • paper and paper products (83.8%)
  • rubber and plastic products (83.5%)
  • wood and wood products (82.1%)
  • leather products (80.7%)
  • textiles (80.2%)

The proportion of establishments that operated at full capacity (90% to 100%) was more than one-fourth (26.9%) of the total number of establishments for manufacturing in August 2019. About 55 percent of the total establishments during the month operated at 70 percent to 89 percent capacity, while almost one-fifth (18.3%) operated below 70 percent capacity. Refer to Tables B and 6.

 

Table B  Distribution of Key Manufacturing Establishments by Capacity Utilization

for Total Manufacturing: August 2019

Capacity Utilization

Percent Share

Below 50%

3.8

50% - 59%

4.6

60% - 69%

9.9

70% - 79%

 21.1

80% - 89%

 33.7

 90% - 100%

 26.9

 

 

 

 

CLAIRE DENNIS S. MAPA, Ph. D.
Undersecretary
National Statistician and Civil Registrar General

 

 


 

TABLE 1-A Value of Production Index, July 2019 and August 2019

(2000 =100)

Industry Group

Year-on-Year Growth (%)

August 2019
July 2019
(revised)

Gainers

 

 

Tobacco products

65.4

43.3

Printing

61.1

68.7

Chemical products

7.5

11.8

Food manufacturing

2.2

7.1

Non-metallic mineral products

12.7

19.4

Basic Metals

6.8

-9.1

Rubber and plastic products

10.7

8.5

Fabricated metal products

15.6

28.1

Machinery except electrical

2.1

12.1

Wood and wood products

2.6

42.2

Leather products

2.7

2.0

Losers

 

 

Petroleum products

-61.8

-74.4

Electrical machinery

-14.3

-9.2

Transport equipment

-18.5

3.5

Miscellaneous manufactures

-14.0

-13.6

Beverages

-5.3

6.9

Textiles

-6.8

-2.4

Furniture and fixtures

-6.6

23.2

Footwear and wearing apparel

-1.4

3.6

Paper and paper products

-0.3

4.5

 
Notes: Major Industries are ranked according to their contribution to the overall annual growth rate.
 
 
 

TABLE 1-B  Volume of Production Index, July 2019 and August 2019

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

August 2019
July 2019
(revised)

Gainers

 

 

Food manufacturing

7.2

11.9

Tobacco products

59.3

38.0

Chemical products

15.1

19.4

Basic metals

16.5

-1.6

Printing

61.1

68.7

Machinery except electrical

4.5

18.4

Fabricated metal products

25.6

40.3

Non-metallic mineral products

8.9

10.4

Footwear and wearing apparel

8.6

12.8

Rubber and plastic products

6.5

4.4

Wood and wood products

14.3

59.5

Leather products

16.8

10.0

Paper and paper products

1.5

6.7

Losers

 

 

Petroleum products

-59.0

-72.6

Electrical machinery

-11.1

-5.3

Transport equipment

-19.0

6.3

Beverages

-8.4

3.9

Miscellaneous manufactures

-17.7

-5.3

Furniture and fixtures

-43.4

-24.8

Textiles

-3.6

1.3

 
Notes:    Major Industries are ranked according to their contribution to the overall annual growth rate.
 
 
 
TABLE 2-A  Value of Net Sales Index, July 2019 and August 2019

(2000 =100)

Industry Group

Year-on-Year Growth (%)

August 2019
July 2019
(revised)

Gainers

 

 

Chemical products

10.8

4.1

Fabricated metal products

28.6

26.2

Tobacco products

16.7

21.6

Non-metallic mineral products

7.8

4.3

Printing

19.6

32.7

Beverages

2.5

4.8

Losers

 

 

Electrical machinery

-13.7

-14.5

Petroleum products

-9.0

-7.5

Machinery except electrical

-6.9

13.2

Food manufacturing

-2.0

-1.6

Basic metals

-7.3

-17.4

Transport equipment

-6.8

14.7

Textiles

-14.3

-9.1

Miscellaneous manufactures

-11.3

-15.5

Paper and paper products

-7.6

-1.9

Rubber and plastic products

-5.5

-0.4

Furniture and fixtures

-5.4

20.0

Footwear and wearing apparel

-1.0

0.1

Wood and wood products

-4.8

19.4

Leather products

-8.4

-12.8

 
Notes:    Major Industries are ranked according to their contribution to the overall annual growth rate.

 

 

TABLE 2-B  Volume of Net Sales Index, July 2019 and August 2019

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

August 2019
July 2019
 (revised)

Gainers

 

 

Chemical products

18.7

11.2

Fabricated metal products

39.8

38.2

Food manufacturing

2.9

2.8

Footwear and wearing apparel

9.0

8.9

Tobacco products

12.0

16.9

Printing

19.6

32.7

Non-metallic mineral products

4.1

-3.5

Basic metals

1.1

-10.6

Wood and wood products

6.0

33.9

Leather products

4.2

-5.4

Losers

 

 

Electrical machinery

-10.5

-10.8

Machinery except electrical

-4.7

19.6

Furniture and fixtures

-42.6

-26.8

Transport equipment

-7.3

17.7

Miscellaneous manufactures

-15.1

-7.4

Petroleum products

-2.4

-0.6

Textiles

-11.3

-5.6

Paper and paper products

-5.9

0.2

Rubber and plastic products

-9.1

-4.1

Beverages

-0.8

1.9

 
Notes:    Major Industries are ranked according to their contribution to the overall annual growth rate.
 

 

 

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