Monthly Integrated Survey of Selected Industries : February 2019

Reference Number: 

2019-049

Release Date: 

Friday, April 5, 2019

 

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

and Producer Price Index: February 2019 and February 2018

TOTAL MANUFACTURING

FEBRUARY
2019
FEBRUARY
2018

Production Index (2000=100)

 

 

       Value       (VaPI)

-5.5

15.5

       Volume    (VoPI)

-8.5

15.2

Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

5.5

6.8

       Volume     (VoNSI)

2.2

6.6

Producer Price Index (2000=100)

3.2r

0.1

r - revised

 

  • Value of Production Index decreases in February 2019

The Value of Production Index (VaPI) went down at an annual rate of 5.5 percent in February 2019. In the same month of the previous year, VaPI went up at an annual rate of 15.5 percent.

The decline of VaPI in February 2019 can be attributed to the decreases in the indices of four major sectors led by food manufacturing (-21.9%). Refer to Tables1-A and 1.

 

  • Volume of Production Index declines

Volume of Production Index (VoPI), likewise, posted a decrement of 8.5 percent in February 2019. During the same month of the previous year, an annual two-digit growth of VoPI at 15.2 percent was observed.

The decrement in February 2019 of VoPI was mainly influenced by the decreases in eight major sectors led by food manufacturing (-19.5%) and non-metallic mineral products (-12.0%). Refer to Tables 1-B and 2.

 

 

 

  • Value of Net Sales Index continues to grow

Value of Net Sales Index (VaNSI) continued to gain as it posted a year-on-year growth of 5.5 percent in February 2019. As compared with the same month of the previous year, the annual growth in February 2018 was higher at 6.8 percent.

Sixteen of the 20 major sectors contributed to the growth in VaNSI in which two-digit annual growth rates were observed in six major sectors, namely, wood and wood products (51.6%), furniture and fixtures (31.5%), tobacco products (22.4%), printing (18.1%), beverages (12.5%) and transport equipment (10.7%). Refer toTables 2-A and 3.

 

  • Volume of Net Sales Index also accelerates

The Volume of Net Sales Index (VoNSI) accelerated at a slower annual rate of 2.2 percent in February 2019 as compared with its rate in the same month of the previous year. In February 2018, annual growth rate was posted at 6.6 percent.

The increase in VoNSI in February 2019 was mainly influenced by the increments noted in 13 major sectors in which seven major sectors registered two-digit increases in VoNSI. These were as follows: wood and wood products (65.5%), tobacco products (16.3%), printing (14.4%), basic metals (12.1%), footwear and wearing apparel (11.9%), chemical products (11.6%) and beverages (10.9%). Refer to Tables 2-B and 4.

 

 

  • Average Capacity Utilization Rate is highest for petroleum products

Average capacity utilization rate in February 2019 for total manufacturing was recorded at 84.3 percent. Fifty-five percent or 11 of the 20 major industries had at least 80 percent capacity utilization rates. These were:

  • petroleum products (89.6%)
  • basic metals (88.7%)
  • non-metallic mineral products (86.4%)
  • machinery except electrical (86.1%)
  • food manufacturing (85.2%)
  • chemical products (85.0%)
  • electrical machinery (84.9%)
  • paper and paper products (83.7%)
  • rubber and plastic products (83.2%)
  • wood and wood products (82.0%)
  • textiles(80.3%)

The proportion of establishments that operated at full capacity (90% to 100%) was more than one-fourth (26.0%) of the total number of establishments in February 2019. About 55.7 percent of the total establishments 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: February 2019

Capacity Utilization

Percent Share

Below 50%

3.7

50% - 59%

4.2

60% - 69%

10.4

70% - 79%

 22.0

80% - 89%

 33.7

 90% - 100%

 26.0

 

 

 

FOR THE NATIONAL STATISTICIAN:

 

 

JOSIE B. PEREZ
Assistant Secretary
Deputy National Statistician
Officer-in-Charge

 

 


 

TABLE 1-A Value of Production Index, January 2019 and February 2019

(2000 =100)

Industry Group

Year-on-Year Growth (%)

February 2019
January 2019
(revised)

Gainers

 

 

Beverages

22.2

10.5

Footwear and wearing apparel

31.7

28.4

Miscellaneous manufactures

16.1

1.3

Textiles

16.9

13.8

Furniture and fixtures

36.6

16.4

Rubber and plastic products

10.1

14.3

Chemical products

3.5

7.2

Fabricated metal products

17.5

-1.0

Machinery except electrical

2.6

10.2

Petroleum products

2.3

0.5

Transport equipment

5.8

7.2

Paper and paper products

12.3

12.0

Wood and wood products

29.8

-17.3

Printing

5.9

-8.2

Tobacco products

0.6

9.2

Leather products

4.4

-0.5

Losers

 

 

Food manufacturing

-21.9

-8.5

Electrical machinery

-8.2

12.8

Basic Metals

-9.5

-11.4

Non-metallic mineral products

-4.0

-3.3

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

TABLE 1-B  Volume of Production Index, January 2019 and February 2019

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

February 2019
January 2019
(revised)

Gainers

 

 

Footwear and wearing apparel

36.5

28.4

Beverages     

20.4

8.9

Chemical products

8.9

13.2

Miscellaneous manufactures

22.0

6.1

Fabricated metal products

16.1

-2.2

Wood and wood products

41.7

-12.5

Textiles

11.4

8.0

Paper and paper products

10.7

9.7

Transport equipment

3.3

3.3

Rubber and plastic products

3.8

7.3

Printing

2.6

-11.1

Leather products

8.7

10.6

Losers

 

 

Food manufacturing

-19.5

-5.9

Electrical machinery

-8.2

11.4

Non-metallic mineral products

-12.0

-11.5

Machinery except electrical

-2.8

2.9

Basic metals

-4.5

-8.6

Tobacco products

-4.4

10.9

Petroleum products

-0.5

7.9

Furniture and fixtures

-6.5

-22.5

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

(2000 =100)

Industry Group

Year-on-Year Growth (%)

February 2019
January 2019
(revised)

Gainers

 

 

Electrical machinery

9.4

-3.8

Food manufacturing

5.1

4.8

Beverages

12.5

19.4

Chemical products

6.1

0.7

Petroleum products

5.1

1.8

Transport equipment

10.7

3.2

Tobacco products

22.4

12.2

Wood and wood products

51.6

33.6

Basic metals

6.2

6.3

Footwear and wearing apparel

8.1

5.8

Furniture and fixtures

31.5

7.1

Printing

18.1

1.2

Non-metallic mineral products

5.1

14.9

Fabricated metal products

4.6

0.7

Rubber and plastic products

3.5

7.6

Miscellaneous manufactures

0.4

3.4

Losers

 

 

Machinery except electrical

-21.4

3.7

Textiles

-16.5

-13.3

Paper and paper products

-3.3

0.1

Leather products

-25.0

-12.6

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

 

 

TABLE 2-B  Volume of Net Sales Index, January 2019 and February 2019

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

February 2019
January 2019
 (revised)

Gainers

 

 

Electrical machinery

9.4

-4.9

Food manufacturing

8.4

7.8

Chemical products

11.6

6.4

Basic metals

12.1

9.7

Beverages

10.9

17.6

Footwear and wearing apparel

11.9

5.8

Transport equipment

8.1

-0.6

Wood and wood products

65.5

41.3

Tobacco products

16.3

13.9

Petroleum products

2.1

9.3

Printing

14.4

-1.9

Miscellaneous manufactures

5.6

8.3

Fabricated metal products

3.4

-0.5

Losers

 

 

Machinery except electrical

-25.6

-3.2

Textiles

-20.5

-17.6

Non-metallic mineral products

-3.6

5.1

Paper and paper products

-4.7

-2.0

Furniture and fixtures

-10.0

-28.7

Leather products

-21.8

-3.0

Rubber and plastic products

-2.4

1.0

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

 

 

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