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Release Date :
Reference Number :
2017-048

 

 

 
Table A   Year-on-Year Growth Rates for Production Index, Net Sales Index
and Producer Price Index: March 2017 and March 2016
 

TOTAL MANUFACTURING

MARCH
2017
MARCH
2016

        Production Index (2000=100)

 

 

       Value       (VaPI)

12.2

0.8

       Volume    (VoPI)

11.1

8.2

         Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

20.9

- 3.7

       Volume     (VoNSI)

19.6

3.4

        Producer Price Index (2000=100)

- 1.1r

- 6.9

                                                   r - revised

 

  • Value of Production Index post a two-digit growth rate in March 2017

Value of Production Index (VaPI) for manufacturing significantly rose to 12.2 percent in March 2017 compared with the 0.8 percent growth during the same month of the previous year, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was attributed to the increases in VaPI observed in  12 major sectors and influenced by the heavily weighted sector of petroleum products, with 94.9 percent growth. The other eight major sectors with two-digit growth were: transport equipment (54.8%), leather products (22.2%), food manufacturing (20.0%), machinery except electrical (19.2%), miscellaneous manufactures (15.9%), fabricated metal products (15.1%), footwear and wearing apparel (13.0%) and non-metallic mineral products (10.3%).  Refer to Tables 1-A and 1.

 

  • Volume of Production Index gains further

Volume of Production Index (VoPI) continued to increase, registering at 11.1 percent in March 2017. The increase was brought about by the expansion in VoPI for the eight major sectors led by fabricated metal products, with an increase of 74.4 percent. Other seven sectors with significant increase in VoPI were the following: petroleum products (61.5%), transport equipment (54.5%), leather products (39.2%), food manufacturing (23.4%), machinery except electrical (17.9%), non-metallic mineral products (15.7%), and footwear and wearing apparel (10.3%). Refer to Tables 1-B and 2.

 

 

 

  • Value of Net Sales Index rebounds

Value of Net Sales Index (VaNSI) bounced back in March 2017 as it posted a two-digit increase of 20.9 percent from a negative 3.7 percent during the same month of the previous year. Of the 16 major sectors that reflected increases in VaNSI, 11 sectors exhibited significant growth led by machinery except electrical, with three-digit growth of 105.6 percent. Other 10 major sectors with two-digit increases were reported by the following: transport equipment (84.8%), basic metals (65.3%), paper and paper products (42.8%), textiles (35.9%), printing (34.5%), petroleum products (27.2%), electrical machinery (22.2%), miscellaneous manufactures (16.9%), wood and wood products (16.6%) and fabricated metal products (16.0%) . Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index liksewise accelerates

Volume of Net Sales Index (VoNSI) continued to gain as it posted a year-on-year growth of 19.6 percent  in March 2017. The major contributing factor was the increase in VoNSI exhibited by 17 major sectors, with significant expansion observed in machinery except electrical that posted a three-digit growth of 103.3 percent. This was followed by other 10 major sectors that posted two-digit increments, namely: transport equipment (84.5%), fabricated metal products (75.9%), basic metals (63.2%), paper and paper products (44.9%), textiles (43.2%), printing (30.4%), electrical machinery (23.2%), rubber and plastic products (16.3%), leather products (14.8%), and wood and wood products (14.7%). Refer to Tables 2-B and 4.

 

 

  • Average Capacity Utilization Rate in March 2017 is 83.8 percent with petroleum products posting the highest among industries

Average capacity utilization rate in March 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 (86.6%)
  • machinery except electrical (85.5%)
  • food manufacturing (85.2%)
  • electrical machinery (84.6%)
  • chemical products (84.0%)
  • paper and paper products (83.5%)
  • rubber and plastic products (83.0%)
  • wood and wood products (80.9%)
  • printing (80.3%)

 

The proportion of establishments that operated at full capacity (90% to 100%) was recorded almost one-fourth of the total number of establishments (24.3%) in March 2017. About 56.8 percent of the total establishments operated at 70 percent to 89 percent capacity while 18.9 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: March 2017

Capacity Utilization

Percent Share

Below 50%

   4.0

50% - 59%

   4.7

60% - 69%

   10.2

70% - 79%

 23.6

80% - 89%

 33.2

 90% - 100%

 24.3

 

  • Industry Coverage

The 2017 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 2017 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 March 2017 MISSI and PPS were registed at 74.2 and 75.1 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates for Total Manufacturing
(In percent)

 

March 2017

February 2017
(Revised)

MISSI

74.2

90.1r

PPS

75.1r

88.3r

 

 

 

 
LISA GRACE S. BERSALES, Ph. D.
National Statistician and Civil Registrar General
 

___________________________________________________________________________________________________

 

 

TABLE 1-A Value of Production Index, February 2017 and March 2017
(2000 =100)
 

Gainers

Year-on-Year Growth (%)

March 2017
February 2017
(revised)

Petroleum products

94.9

95.1

Food manufacturing

20.0

18.9

Transport equipment

54.8

19.9

Machinery except electrical

19.2

14.4

Basic metals

9.1

22.3

Footwear and wearing apparel

13.0

2.1

Miscellaneous manufactures

15.9

5.9

Non-metallic mineral products

10.3

11.7

Fabricated metal products

15.1

-22.3

Printing

9.3

-19.4

Beverages

2.0

0.1

Leather products

22.2

7.3

 

Losers

Year-on-Year Growth (%)

March 2017
February 2017
(revised)

Chemical products

-14.7

12.1

Electrical machinery

-4.4

-7.2

Textiles

-37.0

-28.4

Tobacco products

-20.8

4.5

Rubber and plastic products

-12.8

-9.2

Furniture and fixtures

-27.4

2.9

Wood and wood products

-23.3

16.4

Paper and paper products

-0.9

-12.9

 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based March 2017 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous
year same month index less 1.

 

 

TABLE 1-B  Volume of Production Index, February 2017 and March 2017
(2000 = 100)
 

Gainers

Year-on-Year Growth (%)

March 2017
February 2017
(revised)

Petroleum products

61.5

47.1

Food manufacturing

23.4

21.4

Transport equipment

54.5

21.2

Machinery except electrical

17.9

16.9

Fabricated metal products

74.4

18.6

Non-metallic mineral products

15.7

17.6

Basic metals

7.6

23.9

Footwear and wearing apparel

10.3

0.8

Miscellaneous manufactures

5.3

-4.2

Leather products

39.2

21.9

Printing

6.0

-21.5

Beverages

0.6

-2.0

Paper and paper products

0.6

-9.3

 

Losers

Year-on-Year Growth (%)

March 2017
February 2017
(revised)

Chemical products

-12.9

14.7

Electrical machinery

-3.6

-4.6

Textiles

-33.6

-25.0

Tobacco products

-20.6

4.8

Furniture and fixtures

-25.3

8.2

Rubber and plastic products

-6.0

-2.8

Wood and wood products

-24.5

14.2

 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based March 2017 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous
year same month index less 1.

 

 

TABLE 2-A  Value of Net Sales Index, February 2017 and March 2017
(2000 =100)

 

Gainers

Year-on-Year Growth (%)

March 2017
February 2017
(revised)

Machinery except electrical

105.6

32.9

Electrical machinery

22.2

14.7

Transport equipment

84.8

47.1

Petroleum products

27.2

45.0

Basic metals

65.3

90.1

Food manufacturing

6.4

6.6

Paper and paper products

42.8

-7.4

Textiles

35.9

69.5

Printing

34.5

-29.6

Miscellaneous manufactures

16.9

22.0

Fabricated metal products

16.0

-29.1

Rubber and plastic products

7.9

11.2

Wood and wood products

16.6

10.5

Tobacco products

3.0

-5.6

Non-metallic mineral products

0.8

-14.9

Leather products

0.2

22.1

 

Losers

Year-on-Year Growth (%)

March 2017
February 2017
(revised)

Chemical products

-3.3

33.9

Beverages

-2.5

12.0

Footwear and wearing apparel

-3.6

-21.5

Furniture and fixtures

-0.1

10.3

 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based  March 2017 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous
year same month index less 1.

 

 

TABLE 2-B  Volume of Net Sales Index, February 2017 and March 2017
(2000 = 100)

 

Gainers

Year-on-Year Growth (%)

March 2017
February 2017
(revised)

Machinery except electrical

103.3

35.8

Electrical machinery

23.2

17.9

Transport equipment

84.5

48.6

Basic metals

63.2

92.6

Food manufacturing

9.3

8.9

Fabricated metal products

75.9

8.2

Paper and paper products

44.9

-3.5

Textiles

43.2

77.6

Petroleum products

5.4

9.3

Printing

30.4

-31.5

Rubber and plastic products

16.3

19.1

Non-metallic mineral products

5.8

-10.4

Miscellaneous manufactures

6.2

10.3

Wood and wood products

14.7

8.4

Tobacco products

3.3

-5.3

Leather products

14.8

39.0

Furniture and fixtures

2.7

16.0

 

Losers

Year-on-Year Growth (%)

March 2017
February 2017
(revised)

Footwear and wearing apparel

-5.9

-22.4

Beverages

-3.8

9.6

Chemical products

-1.3

37.0

 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based  March 2017 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous
year same month index less 1.

 

 

 

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