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 |
___________________________________________________________________________________________________
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 |
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 |
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 |
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 |