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Release Date :
Reference Number :
2020-049

 

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

and Producer Price Index: January 2020 and January 2019

(In Percent)

TOTAL MANUFACTURING

JANUARY
2020
JANUARY
2019
Production Index (2000=100)

 

 
       Value       (VaPI)

-6.3

-0.3

       Volume    (VoPI)

-1.6

-4.2

Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

0.9

3.5

       Volume     (VoNSI)

5.9

-0.6

Producer Price Index (2000=100)

-4.8r

4.1

r - revised

 

  • Value of Production Index drops in January 2020

Based on the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI), the Value of Production Index (VaPI) continued to decline at an annual drop of 6.3 percent in January 2020. During the same month of the previous year, the VaPI posted a slower decrease of 0.3 percent.

Thirteen out of the 20 major industry groups registered annual declines, with two-digit decreases noted in the following major industry groups: wood and wood products (-48.6%), petroleum products (-40.9%), basic metals (-24.9%), miscellaneous manufactures (-24.2%), transport equipment (-17.6%), paper and paper products (-17.3%), textiles (-16.4%), tobacco products (-12.1%) and electrical machinery (-12.0%). Refer to Tables 1 and 1-A.

 

  • Volume of Production Index slips

The Volume of Production Index (VoPI) slipped to 1.6 percent in January 2020, from its annual decrement of 4.2 percent in the same month of the previous year.

The decline in VoPI was due to the decreases in the indices of 11 major industry groups with wood and wood products posting the highest negative rate of  42.6 percent. This was followed by seven other major industries, namely: petroleum products (-39.7%), basic metals (-23.8%), miscellaneous manufactures (-23.2%), tobacco products (-18.3%), paper and paper products (-14.3%), textiles (-11.5%), and furniture and fixtures (-11.3%). Refer to Tables 1-B and 2.

 

Figure 1

 

Figure 2

 

  • Value of Net Sales Index increases at a slower rate

The Value of Net Sales Index (VaNSI) exhibited a year-on-year increment of 0.9 percent in January 2020. In the same month of the previous year, the annual growth rate of VaNSI was higher at  3.5 percent.

Of the 20 major industry groups, 11 contributed to the rise in VaNSI, in which two-digit annual growth rates were observed in six major industry groups, namely: printing (26.5%), tobacco products (20.7%), furniture and fixtures (15.1%), beverages (14.3%), footwear and wearing apparel (14.3%) and chemical products (11.2%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index also accelerates

Volume of Net Sales Index (VoNSI) similarly posted a year-on-year increase of 5.9 percent in January 2020. In the same month of the previous year, VoNSI declined at 0.6 percent.

Seven of the 11 major industry groups that mainly influenced the growth in VoNSI were: footwear and wearing apparel (27.6%), fabricated metal products (23.6%), printing (23.6%), chemical products (20.6%), transport equipment (13.5%), tobacco products (12.3%) and beverages (10.8%). 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 January 2020 was posted at 84.4 percent. Twelve of the 20 major industries had at least 80 percent capacity utilization rates during the month. These were:

  • petroleum products (90.0%)
  • basic metals (88.6%)
  • machinery except electrical (86.5%)
  • non-metallic mineral products (86.3%)
  • food manufacturing (85.5%)
  • chemical products (85.1%)
  • electrical machinery (84.9%)
  • printing (84.0%)
  • paper and paper products (83.9%)
  • rubber and plastic products (83.2%)
  • wood and wood products (82.3%)
  • textiles (80.1%)

Refer to Table 6.

 

  • More than a quarter of total manufacturing establishments operate at full capacity

The proportion of establishments that operated at full capacity (90% to 100%) was more than a quarter (28.0%) of the total number of establishments for manufacturing in January 2020. More than half (54.1%) operated at 70 percent to 89 percent capacity, while almost one-fifth (17.9%) operated below 70 percent capacity. Refer to Table B.

 

Table B  Distribution of Key Manufacturing Establishments by Capacity Utilization

for Total Manufacturing: January 2020

Capacity Utilization

Number of Establishments

Percent Share

Below 50%

32

3.7

50% - 59%

36

4.2

60% - 69%

86

10.0

70% - 79%

177

20.5

80% - 89%

291

33.6

 90% - 100%

242

28.0

 

 

 

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

 

 


 

TABLE 1-A Value of Production Index, December 2019 and January 2020

(2000 =100)

Industry Group

Year-on-Year Growth (%)

January 2020
December 2019
(revised)
Gainers

 

 

Machinery except electrical

20.1

14.9

Chemical products

10.9

3.1

Printing

41.7

52.7

Food manufacturing

1.9

2.5

Fabricated metal products

19.5

11.9

Beverages

3.4

16.9

Furniture and fixtures

5.5

12.9

Losers

 

 

Petroleum products

-40.9

-48.7

Electrical machinery

-12.0

-4.2

Basic Metals

-24.9

-50.7

Transport equipment

-17.6

-8.0

Miscellaneous manufactures

-24.2

-9.9

Paper and paper products

-17.3

-3.9

Textiles

-16.4

-18.8

Wood and wood products

-48.6

-1.9

Tobacco products

-12.1

9.6

Non-metallic mineral products

-2.1

5.2

Footwear and wearing apparel

-1.8

4.4

Rubber and plastic products

-1.0

0.9

Leather products

-3.3

2.4

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

TABLE 1-B  Volume of Production Index, December 2019 and January 2020

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

January 2020
December 2019
(revised)
Gainers

 

 

Machinery except electrical

28.1

21.6

Chemical products

20.3

15.6

Fabricated metal products

38.7

27.9

Printing

38.4

52.7

Food manufacturing

2.5

4.0

Footwear and wearing apparel

9.6

18.4

Rubber and plastic products

1.4

-2.0

Leather products

15.9

5.5

Beverages

0.3

12.9

Losers

 

 

Petroleum products

-39.7

-48.1

Electrical machinery

-9.2

1.2

Basic metals

-23.8

-48.0

Miscellaneous manufactures

-23.2

-10.5

Tobacco products

-18.3

5.7

Transport equipment

-8.2

-3.3

Paper and paper products

-14.3

1/

Wood and wood products

-42.6

7.7

Textiles

-11.5

-16.4

Furniture and fixtures

-11.3

-30.4

Non-metallic mineral products

-0.2

2.5

 
Notes:    Major Industry groups are ranked according to their contribution to the overall annual growth rate.
   1/ - Less than 0.05 percent increase
 
 
TABLE 2-A  Value of Net Sales Index, December 2019 and January 2020

(2000 =100)

Industry Group

Year-on-Year Growth (%)

January 2020
December 2019
(revised)
Gainers

 

 

Chemical products

11.2

10.1

Food manufacturing

4.8

-11.1

Beverages

14.3

22.9

Footwear and wearing apparel

14.3

-13.3

Tobacco products

20.7

33.5

Printing

26.5

24.2

Petroleum products

1.9

-3.2

Furniture and fixtures

15.1

13.2

Fabricated metal products

6.6

30.7

Transport equipment

1.9

5.1

Rubber and plastic products

6.2

4.9

Losers

 

 

Basic metals

-25.5

-30.9

Machinery except electrical

-7.3

-21.5

Textiles

-16.9

-13.8

Electrical machinery

-1.5

-2.4

Miscellaneous manufactures

-10.5

-0.3

Non-metallic mineral products

-6.7

-3.4

Paper and paper products

-7.9

-4.6

Leather products

-37.7

-13.2

Wood and wood products

-15.8

-7.7

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

 

 

TABLE 2-B  Volume of Net Sales Index, December 2019 and January 2020

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

January 2020
December 2019
 (revised)
Gainers

 

 

Chemical products

20.6

23.5

Food manufacturing

5.4

-9.8

Footwear and wearing apparel

27.6

-1.7

Transport equipment

13.5

10.5

Beverages

10.8

18.7

Petroleum products

4.0

-1.9

Fabricated metal products

23.6

49.3

Electrical machinery

1.6

3.1

Printing

23.6

24.2

Tobacco products

12.3

28.7

Rubber and plastic products

8.9

1.9

Losers

 

 

Basic metals

-24.4

-27.1

Textiles

-12.0

-11.3

Miscellaneous manufactures

-9.3

-1.0

Non-metallic mineral products

-4.8

-5.9

Machinery except electrical

-1.1

-16.8

Paper and paper products

-4.5

-0.7

Leather products

-25.5

-10.3

Wood and wood products

-5.9

1.4

Furniture and fixtures

-3.2

-30.2

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

 

 

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