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:
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 |
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 |
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 |
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 |
- 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 |