Monthly Integrated Survey of Selected Industries : March 2019

Reference Number: 

2019-075

Release Date: 

Tuesday, May 7, 2019

 

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

and Producer Price Index: March 2019 and March 2018

TOTAL MANUFACTURING

MARCH
2019
MARCH
2018

Production Index (2000=100)

 

 

       Value       (VaPI)

-5.4

10.5

       Volume    (VoPI)

-9.2

11.0

Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

3.2

6.5

       Volume     (VoNSI)

-0.9

7.0

Producer Price Index (2000=100)

4.2r

-0.6

r - revised

 

  • Value of Production Index decrlines in March 2019

The Value of Production Index (VaPI) decreased at an annual rate of 5.4 percent in March 2019. During the same month of the previous year, VaPI went up at an annual rate of 10.5 percent.

The decline of VaPI in March 2019 can be attributed to the decreases in the indices of three major industry groups led by food manufacturing (-20.3%). Refer to Tables1-A and 1.

 

  • Volume of Production Index decreases

Volume of Production Index (VoPI) also posted a decrease of 9.2 percent in March 2019. During March 2018, an annual two-digit growth of VoPI at 11.0 percent was observed.

Eight major industry groups pulled down the annual VoPI led by furniture and fixtures (-25.5%), food manufacturing (-17.3%) and petroleum products (-17.2%). Refer to Tables 1-B and 2.

 

 

 

  • Value of Net Sales Index increases at a slower rate

Value of Net Sales Index (VaNSI) continued to exhibit a positive annual growth rate of 3.2 percent in March 2019. Compared with the same period of the previous year, the annual growth was higher at 6.5 percent.

Of the 20 major industry groups, 15 contributed to the rise in VaNSI, in which two-digit annual growth rates were observed in five major industry groups, namely: wood and wood products (46.3%), printing (24.8%), furniture and fixtures (21.9%), transport equipment (20.9%) and beverages (13.8%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index slightly decreases

The Volume of Net Sales Index (VoNSI) declined by 0.9 percent in March 2019 from the annual growth of 7.0 percent during the same period last year.

The slowdown in VoNSI can be attributed to the decreases of ten major industry groups with machinery except electrical posting the highest decline of 28.8 percent followed by furniture and fixtures (-21.3%) and textiles (-11.7%). Refer to Tables 2-B and 4.

 

 

  • Average Capacity Utilization Rate is highest for petroleum products

Average capacity utilization rate in March 2019 for total manufacturing was recorded at 84.4 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 (86.4%)
  • food manufacturing (85.3%)
  • electrical products (85.0%)
  • chemical machinery (85.0%)
  • paper and paper products (83.9%)
  • rubber and plastic products (83.3%)
  • wood and wood products (81.9%)
  • textiles (80.4%)

The proportion of establishments that operated at full capacity (90% to 100%) was more than one-fourth (26.5%) of the total number of establishments in March 2019. About 55.3 percent of the total establishments operated at 70 percent to 89 percent capacity while almost one-fifth (18.2%) 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%

3.5

50% - 59%

4.5

60% - 69%

10.2

70% - 79%

 21.9

80% - 89%

 33.4

 90% - 100%

 26.5

 

 

 

 

 

 

JOSIE B. PEREZ
Assistant Secretary
Officer-in-Charge

 

 


 

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

(2000 =100)

Industry Group

Year-on-Year Growth (%)

March 2019
February 2019
(revised)

Gainers

 

 

Footwear and wearing apparel

27.3

31.6

Transport equipment

17.5

4.4

Printing

42.2

17.7

Beverages

9.6

22.2

Machinery except electrical

3.4

-6.6

Rubber and plastic products

10.8

9.2

Paper and paper products

12.9

11.9

Textiles

11.9

16.0

Fabricated metal products

14.0

10.9

Furniture and fixtures

15.5

19.9

Wood and wood products

20.0

31.7

Electrical machinery

0.6

-6.6

Non-metallic mineral products

2.9

4.1

Miscellaneous manufactures

3.7

14.5

Chemical products

0.6

4.8

Tobacco products

1.1

1.6

Leather products

1.0

1.4

Losers

 

 

Food manufacturing

-20.3

-21.5

Petroleum products

-13.2

2/

Basic Metals

-9.1

-8.6

2/ - Less than 0.1 percent decrease
 
Notes:    Major Industries are ranked according to their contribution to the overall growth rate.
 
 
 

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

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

March 2019
February 2019
(revised)

Gainers

 

 

Footwear and wearing apparel

29.3

36.3

Transport equipment    

13.3

1.7

Chemical products

6.4

10.1

Printing

39.0

14.0

Beverages

6.9

19.1

Machinery except electrical

2.5

-8.3

Miscellaneous manufactures

8.9

20.2

Textiles

8.6

11.2

Paper and paper products

7.8

10.4

Fabricated metal products

10.1

9.7

Rubber and plastic products

5.0

2.8

Wood and wood products

24.1

44.7

Losers

 

 

Food manufacturing

-17.3

-18.9

Petroleum products

-17.2

-2.8

Basic metals

-4.6

-3.6

Furniture and fixtures

-25.5

-17.5

Electrical machinery

-1.0

-6.9

Non-metallic mineral products

-5.7

-5.9

Tobacco products

-3.8

-3.5

Leather products

-1.9

7.8

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

(2000 =100)

Industry Group

Year-on-Year Growth (%)

March 2019
February 2019
(revised)

Gainers

 

 

Transport equipment

20.9

8.2

Beverages

13.8

12.5

Petroleum products

2.9

4.5

Basic metals

7.0

5.8

Printing

24.8

32.8

Footwear and wearing apparel

9.4

8.0

Wood and wood products

46.3

51.7

Chemical products

2.7

5.9

Furniture and fixtures

21.9

31.2

Non-metallic mineral products

5.5

5.3

Tobacco products

7.5

22.4

Food manufacturing

0.5

7.1

Fabricated metal products

3.1

4.8

Rubber and plastic products

2.2

3.5

Paper and paper products

0.8

-3.3

Losers

 

 

Machinery except electrical

-28.2

-21.0

Textiles

-9.0

-8.9

Electrical machinery

-0.4

9.5

Miscellaneous manufactures

-1.6

0.4

Leather products

-6.7

-26.1

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

 

 

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

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

March 2019
February 2019
 (revised)

Gainers

 

 

Chemical products

8.7

11.2

Transport equipment

16.7

5.4

Food manufacturing

4.2

10.7

Basic metals

12.3

11.6

Beverages

11.0

9.7

Footwear and wearing apparel

11.1

11.9

Wood and wood products

51.3

66.6

Printing

21.9

28.7

Miscellaneous manufactures

3.3

5.4

Tobacco products

2.2

16.4

Losers

 

 

Machinery except electrical

-28.8

-22.4

Electrical machinery

-1.9

9.2

Textiles

-11.7

-12.7

Petroleum products

-1.9

1.6

Furniture and fixtures

-21.3

-9.8

Non-metallic mineral products

-3.3

-4.8

Paper and paper products

-3.8

-4.6

Rubber and plastic products

-3.2

-2.6

Leather products

-8.7

-21.5

Fabricated metal products

-0.4

3.6

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

 

 

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