Table A Year-on-Year Growth Rates for Production Index, Net Sales Index and Producer Price Index: November 2018 and November 2017 |
||
---|---|---|
TOTAL MANUFACTURING |
NOVEMBER
2018
|
NOVEMBER
2017
|
Production Index (2000=100) |
|
|
Value (VaPI) |
2.1 |
-10.6 |
Volume (VoPI) |
1.0 |
-10.1 |
Net Sales Index (2000=100) |
|
|
Value (VaNSI) |
9.3 |
-12.6 |
Volume (VoNSI) |
8.2 |
-12.1 |
Producer Price Index (2000=100) |
-1.0r |
-0.6 |
r - revised
- Value of Production Index sustains growth in November 2018
The Value of Production Index (VaPI) for manufacturing reflected an annual growth of 2.1 percent in November 2018. In comparison with the figure in the same month of 2017, VaPI reported a two-digit decline of 10.6 percent.
Textiles industry with a 54.4 percent growth, contributed largely to the increase of VaPI. This was followed by seven other major industries that registered two-digit increments in VaPI, namely: tobacco products (45.3%), petroleum products (35.8%), miscellaneous manufactures (30.8%), beverages (26.0%), paper and paper products (20.7%), electrical machinery (18.2%) and non-metallic mineral products (10.6%). Refer to Tables1-A and 1.
- Volume of Production Index accelerates
Volume of Production Index (VoPI) grew at a slower rate of 1.0 percent in November 2018. During the same month of the previous year, VoPI contracted by10.1 percent.
The increment was mainly due to the improved performance in VoPI which was observed in 14 major industry groups, with two-digit increases reported by the following: textiles (45.8%), miscellaneous manufactures (25.6%), petroleum products (22.0%), tobacco products (21.1%), paper and paper products (15.0%), beverages (11.7%) and electrical machinery (11.0%). Refer to Tables 1-B and 2.
- Value of Net Sales Index picks up
The Value of Net Sales Index (VaNSI) reflected a year-on-year increment of 9.3 percent in November 2018, compared with the 12.6 percent decrease during the same month of the previous year.
Among the 16 major industry groups that reported increments in VaNSI, seven recorded two-digit growths, namely: miscellaneous manufactures (25.0%), petroleum products (19.9%), beverages (19.5%), paper and paper products (19.3%), electrical machinery (13.6%), food manufacturing (11.9%) and wood and wood products (11.3%). Refer to Tables 2-A and 3.
- Volume of Net Sales Index likewise gains
The Volume of Net Sales Index (VoNSI) continued to gain as it posted a year-on-year growth of 8.2 percent in November 2018.
Four of the 13 major industry groups that mainly influenced the growth were: paper and paper products (16.4%), wood and wood products (14.9%), miscellaneous manufactures (14.1%) and food manufacturing (12.0%). Refer to Tables 2-B and 4.
- Average Capacity Utilization Rate is highest for petroleum products
Average capacity utilization rate in November 2018 for total manufacturing was recorded at 84.3 percent. Fifty-five percent or 11 of the 20 major industries operated at least 80 percent capacity utilization rates. These were:
- petroleum products (89.9%)
- basic metals (89.0%)
- non-metallic mineral products (86.5%)
- machinery except electrical (86.0%)
- chemical products (85.2%)
- food manufacturing (85.0%)
- electrical machinery (85.0%)
- paper and paper products (83.8%)
- rubber and plastic products (83.3%)
- wood and wood products (81.6%)
- textiles (80.3%)
The proportion of establishments that operated at full capacity (90% to 100%) was more than one-fourth (26.7%) of the total number of establishments in November 2018. More than half (55.0%) of the total establishments operated at 70 percent to 89 percent capacity while almost one-fifth (18.3%) of the total establishments operated below70 percent capacity.Refer to Tables B and 6.
Table B Distribution of Key Manufacturing Establishments by Capacity Utilization for Total Manufacturing: November 2018 |
|
---|---|
Capacity Utilization |
Percent Share |
Below 50% |
3.6 |
50% - 59% |
4.4 |
60% - 69% |
10.3 |
70% - 79% |
21.7 |
80% - 89% |
33.3 |
90% - 100% |
26.7 |
LISA GRACE S. BERSALES, Ph. D.
Undersecretary
National Statistician and Civil Registrar General
TABLE 1-A Value of Production Index, October 2018 and November 2018
(2000 =100)
Industry Group |
Year-on-Year Growth (%) |
|
November 2018 |
October 2018
(revised)
|
|
Gainers |
|
|
Petroleum products |
35.8 |
69.9 |
Electrical machinery |
18.2 |
24.6 |
Beverages |
26.0 |
19.8 |
Textiles |
54.4 |
51.2 |
Tobacco products |
45.3 |
8.7 |
Miscellaneous manufactures |
30.8 |
36.9 |
Paper and paper products |
20.7 |
17.6 |
Basic Metals |
8.4 |
1.4 |
Non-metallic mineral products |
10.6 |
14.7 |
Transport equipment |
4.5 |
11.1 |
Rubber and plastic products |
1.8 |
6.2 |
Fabricated metal products |
2.9 |
-30.4 |
Losers |
|
|
Food manufacturing |
-16.5 |
-14.4 |
Printing |
-70.4 |
-68.9 |
Machinery except electrical |
-7.9 |
10.1 |
Chemical products |
-2.1 |
1.4 |
Footwear and wearing apparel |
-2.7 |
-4.1 |
Furniture and fixtures |
-7.6 |
-8.3 |
Leather products |
-14.7 |
-12.7 |
Wood and wood products |
-0.3 |
10.9 |
TABLE 1-B Volume of Production Index, October 2018 and November 2018
(2000 = 100)
Industry Group |
Year-on-Year Growth (%) |
|
November 2018 |
October 2018
(revised)
|
|
Gainers |
|
|
Petroleum products |
22.0 |
45.3 |
Electrical machinery |
11.0 |
17.0 |
Textiles |
45.8 |
42.4 |
Beverages |
11.7 |
6.1 |
Miscellaneous manufactures |
25.6 |
31.2 |
Tobacco products |
21.1 |
-8.6 |
Paper and paper products |
15.0 |
11.4 |
Basic metals |
2.6 |
-3.5 |
Non-metallic mineral products |
3.8 |
5.9 |
Transport equipment |
2.4 |
8.5 |
Rubber and plastic products |
1.8 |
7.6 |
Fabricated metal products |
3.2 |
-29.9 |
Furniture and fixtures |
3.7 |
3.2 |
Wood and wood products |
3.4 |
16.3 |
Losers |
|
|
Food manufacturing |
-18.3 |
-16.1 |
Machinery except electrical |
-14.5 |
2.7 |
Printing |
-71.6 |
-70.1 |
Chemical products |
-2.2 |
0.7 |
Footwear and wearing apparel |
-4.4 |
-5.7 |
Leather products |
-8.4 |
-6.4 |
(2000 =100)
Industry Group |
Year-on-Year Growth (%) |
|
November 2018 |
October 2018
(revised)
|
|
Gainers |
|
|
Electrical machinery |
13.6 |
16.5 |
Petroleum products |
19.9 |
37.4 |
Food manufacturing |
11.9 |
12.6 |
Beverages |
19.5 |
9.9 |
Machinery except electrical |
7.7 |
9.1 |
Chemical products |
6.3 |
-15.6 |
Miscellaneous manufactures |
25.0 |
27.6 |
Paper and paper products |
19.3 |
19.1 |
Footwear and wearing apparel |
6.7 |
15.2 |
Non-metallic mineral products |
3.5 |
7.2 |
Transport equipment |
2.0 |
14.6 |
Rubber and plastic products |
6.3 |
14.5 |
Fabricated metal products |
4.9 |
-12.5 |
Wood and wood products |
11.3 |
21.3 |
Tobacco products |
2.5 |
44.6 |
Printing |
1.1 |
9.8 |
Losers |
|
|
Textiles |
-34.3 |
-30.0 |
Basic metals |
-3.5 |
8.9 |
Furniture and fixtures |
-5.2 |
1.7 |
Leather products |
-14.6 |
-15.3 |
TABLE 2-B Volume of Net Sales Index, October 2018 and November 2018
(2000 = 100)
Industry Group |
Year-on-Year Growth (%) |
|
November 2018 |
October 2018
(revised)
|
|
Gainers |
|
|
Food manufacturing |
12.0 |
12.7 |
Electrical machinery |
6.0 |
8.6 |
Petroleum products |
6.8 |
16.5 |
Chemical products |
7.4 |
-15.2 |
Paper and paper products |
16.4 |
15.6 |
Miscellaneous manufactures |
14.1 |
16.2 |
Beverages |
4.2 |
-4.2 |
Footwear and wearing apparel |
5.3 |
13.8 |
Transport equipment |
2.3 |
14.5 |
Rubber and plastic products |
8.8 |
18.7 |
Wood and wood products |
14.9 |
26.4 |
Fabricated metal products |
5.2 |
-11.9 |
Furniture and fixtures |
2.9 |
10.6 |
Losers |
|
|
Textiles |
-37.7 |
-33.8 |
Basic metals |
-8.4 |
3.9 |
Tobacco products |
-14.4 |
22.2 |
Machinery except electrical |
-2.4 |
-0.7 |
Non-metallic mineral products |
-3.9 |
-2.1 |
Printing |
-3.0 |
5.3 |
Leather products |
-8.3 |
-9.6 |