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Release Date :
Reference Number :
2019-003

 

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.

 

Figure 1

 

Figure 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.

Figure 3

 

  • 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

 
 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based November 2018 growth rate.
   Year-on-year growth rates are computed by dividing the current month index by the previous year’s same month index, less 1.
 
 
 

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

 

Notes:    Major Industries are ranked according to their contribution to the overall 2000-based November 2018 growth rate.
   Year-on-year growth rates are computed by dividing the current month index by the previous year’s same month index, less 1.
 
 
 
 
TABLE 2-A  Value of Net Sales Index, October 2018 and November 2018

(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

 
 
 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based November 2018 growth rate.
   Year-on-year growth rates are computed by dividing the current month index by the same month index of the previous year, less 1.

 

 

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

 
 
 
Notes:    Major Industries are ranked according to their contribution to the overall 2000-based November 2018 growth rate.
   Year-on-year growth rates are computed by dividing the current month index by the same month index of the previous year, less 1.

 

 

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