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Release Date :
Reference Number :
2020-004

 

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

and Producer Price Index: November 2019 and November 2018

(2000=100)

TOTAL MANUFACTURING

NOVEMBER
2019
NOVEMBER
2018
Production Index

 

 
       Value       (VaPI)

-5.8

2.3

       Volume    (VoPI)

-6.1

1.9

Net Sales Index

 

 

       Value        (VaNSI)

-3.5

10.7

       Volume     (VoNSI)

-3.9

10.3

Producer Price Index

-0.4r

0.4

r - revised

 

  • Value of Production Index posts a negative growth rate in November 2019

Based on the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI), the Value of Production Index (VaPI) continued to decline, which reflected an annual drop of 5.8 percent in November 2019. During the same month of the previous year, the VaPI increased by 2.3 percent.

Among the nine major industry groups that reported decreases in VaPI, five major industry groups had two-digit decreases, namely: basic metals (-36.2%), petroleum products (-25.6%), miscellaneous manufactures (-20.7%), transport equipment (-20.6%) and electrical machinery (-16.6%). Refer to Tables 1 and 1-A.

 

  • Volume of Production Index further declines

The Volume of Production Index (VoPI) likewise dropped by 6.1 percent in November 2019. During the same period of the previous year, its annual growth rate was 1.9 percent.

The decline in VoPI was mainly influenced by the decreases in the indices of eight major industry groups led by furniture and fixtures (-41.2%), basic metals (-29.5%), miscellaneous manufactures (-22.1%), petroleum products (-21.8%), transport equipment (-16.7%) and electrical machinery (-13.0%). Refer to Tables  1-B and 2.

 

Figure 1

 

Figure 2

 

  • Value of Net Sales Index drops

The Value of Net Sales Index (VaNSI) went down by 3.5 percent in November 2019. It posted a two-digit annual growth of 10.7 percent in November 2018.

The slowdown was mainly due to the annual decreases in the indices of 12 major industry groups led by basic metals (-17.7%) and miscellaneous manufactures (-13.1%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index also contracts

Volume of Net Sales Index (VoNSI) exhibited an annual drop of 3.9 percent in November 2019, from a two-digit growth of 10.3 percent in the same month of the previous year.

Eight major industry groups pulled down the VoNSI which was led by furniture and fixtures (-43.0%) and miscellaneous manufactures (-14.6%). Refer to Tables 2-B and 4.

 

Figure 3

 

  • Average Capacity Utilization Rate is highest for petroleum products

Average capacity utilization rate for total manufacturing in November 2019 was posted at   84.5 percent. Twelve (60.0%) of the 20 major industries had at least 80 percent capacity utilization rates during the month. These were:

  • petroleum products (89.9%)
  • basic metals (88.3%)
  • non-metallic mineral products (86.5%)
  • machinery except electrical (86.3%)
  • food manufacturing (85.4%)
  • chemical products (85.1%)
  • electrical machinery (85.0%)
  • printing (84.5%)
  • paper and paper products (84.0%)
  • rubber and plastic products (83.2%)
  • wood and wood products (82.1%)
  • textiles (80.2%)

Refer to Table 6.

 

  • More than a quarter of total manufacturing establishments operate at full capacity

The proportion of establishments that operated at full capacity (90% to 100%) was more than a quarter (26.7%) of the total number of establishments for manufacturing in November 2019. More than half (54.4%) of the total establishments during the month operated at 70 percent to 89 percent capacity, while almost one-fifth (18.9%) operated below 70 percent capacity. Refer to Table B.

 

Table B  Distribution of Key Manufacturing Establishments by Capacity Utilization

for Total Manufacturing: November 2019

Capacity Utilization

Number of Establishments

Percent Share

Below 50%

36

4.1

50% - 59%

40

4.6

60% - 69%

89

10.2

70% - 79%

180

20.5

80% - 89%

297

33.9

 90% - 100%

234

26.7

 

 

 

CLAIRE DENNIS S. MAPA, Ph. D. 
Undersecretary 
National Statistician and Civil Registrar General

 

 


 

TABLE 1-A Value of Production Index, October 2019 and November 2019

(2000 =100)

Industry Group

Year-on-Year Growth (%)

November 2019
October 2019
(revised)
Gainers

 

 

Printing

133.5

95.3

Food manufacturing

5.3

4.6

Beverages

12.9

5.5

Tobacco products

23.0

40.2

Machinery except electrical

4.4

5.1

Fabricated metal products

22.7

1.1

Chemical Products

2.5

6.6

Rubber and plastic products

4.3

0.5

Footwear and wearing apparel

2.6

4.1

Leather products

5.1

6.3

Non-metallic mineral products

0.2

-2.1

Losers

 

 

Electrical machinery

-16.6

-20.4

Petroleum products

-25.6

-25.6

Basic Metals

-36.2

-15.3

Transport equipment

-20.6

-7.6

Miscellaneous manufactures

-20.7

-22.3

Textiles

-7.0

-3.7

Wood and wood products

-2.1

8.2

Furniture and fixtures

-1.2

8.7

Paper and paper products

-0.2

8.2

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

TABLE 1-B  Volume of Production Index, October 2019 and November 2019

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

November 2019
October 2019
(revised)
Gainers

 

 

Food manufacturing

9.7

10.0

Printing

133.5

95.3

Machinery except electrical

10.4

11.3

Chemical products

10.8

14.4

Footwear and wearing apparel

19.1

18.7

Fabricated metal products

38.8

14.0

Beverages

9.1

1.9

Tobacco products

18.3

35.2

Leather products

31.0

34.2

Paper and paper products

3.2

12.3

Wood and wood products

11.1

19.8

Rubber and plastic products

1.9

-2.6

Losers

 

 

Electrical machinery

-13.0

-16.5

Petroleum products

-21.8

-18.3

Basic metals

-29.5

-7.7

Transport equipment

-16.7

-1.7

Miscellaneous manufactures

-22.1

-22.9

Furniture and fixtures

-41.2

-32.0

Non-metallic mineral products

-2.6

-3.5

Textiles

-1.6

0.3

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

(2000 =100)

Industry Group

Year-on-Year Growth (%)

November 2019
October 2019
(revised)
Gainers

 

 

Printing

45.7

52.4

Tobacco products

23.3

-4.4

Beverages

8.7

9.3

Fabricated metal products

23.2

12.6

Non-metallic mineral products

7.9

9.3

Rubber and plastic products

8.1

6.2

Footwear and wearing apparel

3.0

-4.7

Wood and wood products

11.1

9.3

Losers

 

 

Electrical machinery

-9.7

-10.2

Food manufacturing

-6.3

-9.9

Machinery except electrical

-9.5

13.5

Basic metals

-17.7

-17.4

Petroleum products

-5.1

-10.0

Miscellaneous manufactures

-13.1

-12.2

Paper and paper products

-7.2

-4.6

Textiles

-4.5

-12.3

Transport equipment

-1.8

5.3

Furniture and fixtures

-4.1

11.8

Leather products

-7.7

-30.0

Chemical products

-0.2

18.1

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

 

 

TABLE 2-B  Volume of Net Sales Index, October 2019 and November 2019

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

November 2019
October 2019
 (revised)
Gainers

 

 

Chemical products

7.9

26.7

Footwear and wearing apparel

19.6

8.7

Fabricated metal products

39.4

27.0

Printing

45.7

52.4

Tobacco products

18.7

-7.9

Beverages

5.0

5.6

Non-metallic mineral products

4.9

7.8

Wood and wood products

26.1

21.0

Transport equipment

2.9

12.0

Rubber and plastic products

5.6

2.9

Leather products

15.1

-11.9

Textiles

0.9

-8.6

Losers

 

 

Electrical machinery

-5.9

-5.9

Machinery except electrical

-4.4

20.2

Food manufacturing

-2.4

-5.2

Basic metals

-9.1

-9.9

Furniture and fixtures

-43.0

-30.0

Miscellaneous manufactures

-14.6

-12.9

Paper and paper products

-4.0

-1.0

Petroleum products

-0.2

-1.1

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

 

 

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