Monthly Integrated Survey of Selected Industries: September 2019

Reference Number: 

2019-184

Release Date: 

Tuesday, November 5, 2019

 

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

and Producer Price Index: September 2019 and September 2018

(2000=100)

TOTAL MANUFACTURING

SEPTEMBER
2019
SEPTEMBER
2018

Production Index

 

 

       Value       (VaPI)

-2.3

3.2

       Volume    (VoPI)

-3.0

1.3

Net Sales Index

 

 

       Value        (VaNSI)

-2.5

6.7

       Volume     (VoNSI)

-2.4

4.7

Producer Price Index

-0.2r

1.9

r - revised

 

  • Value of Production Index slightly drops in September 2019

Based on the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI), the Value of Production Index (VaPI) depicted a year-on-year decrement of 2.3 percent in September 2019, from 3.2 percent growth in the same month of the previous year.

Nine out of the 20 major industry groups registered annual declines, with two-digit decreases noted in the following major industry groups: leather products (-28.0%), petroleum products (-25.2%), electrical machinery (-14.6%) and miscellaneous manufactures (-11.9%). Refer to Tables1 and 1-A.

  • Volume of Production Index also decreases

The Volume of Production Index (VoPI) showed an annual drop of 3.0 percent in September 2019, from 1.3 percent increase during the same month of the previous year.

Among the eight major industries that exhibited declines in VoPI, five major industries had two-digit decreases, namely: furniture and fixtures (-30.1%), leather products (-22.3%), petroleum products (-17.3%), miscellaneous manufactures (-13.5%) and electrical machinery (-10.4%). Refer to Tables  1-B and 2.

 

Figure 1

 

Figure 2

 

  • Value of Net Sales Index decelerates

The Value of Net Sales Index (VaNSI) went down at an annual rate of 2.5 percent in September 2019. In the same month of the previous year, VaNSI posted a positive growth rate of 6.7 percent.

The decrement in September 2019 of VaNSI was mainly influenced by the decreases in 10 major sectors led by machinery except electrical (-15.9%), textiles (-14.5%), and miscellaneous manufactures (-10.2%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index posts negative rate

Volume of Net Sales Index (VoNSI) likewise fell by 2.4 percent in September 2019, from 4.7 percent increment in the same month of the previous year.

The slowdown  was due to the annual decreases observed in nine major industry groups, with two-digit negative annual rates reported by the following: furniture and fixtures (-27.6%), textiles (-13.8%), machinery except electrical (-11.7%) and miscellaneous manufactures (-11.3%). 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 September 2019 was posted at 84.4 percent. Thirteen (65%) of the 20 major industries had at least 80 percent capacity utilization rates during the month. These were:

  • petroleum products (89.9%)
  • basic metals (88.8%)
  • machinery except electrical (86.5%)
  • non-metallic mineral products (86.3%)
  • food manufacturing (85.1%)
  • electrical machinery (85.1%)
  • chemical products (84.9%)
  • printing(84.0%)
  • paper and paper products (83.9%)
  • rubber and plastic products (83.4%)
  • wood and wood products (82.0%)
  • textiles (80.2%)
  • leather products (80.1%)

 

  • 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 one-fourth (27.4%) of the total number of establishments for manufacturing in September 2019. About 54 percent of the total establishments during the month operated at 70 percent to 89 percent capacity, while almost one-fifth (18.5%) operated below 70 percent capacity.Refer to Tables B and 6.

 

Table B  Distribution of Key Manufacturing Establishments by Capacity Utilization

for Total Manufacturing: September 2019

Capacity Utilization

Number of Establishments

Percent Share

Below 50%

34

3.9

50% - 59%

40

4.6

60% - 69%

87

10.0

70% - 79%

180

20.5

80% - 89%

295

33.6

 90% - 100%

240

27.4

 

 

 

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

 

 


 

TABLE 1-A Value of Production Index, August 2019 and September 2019

(2000 =100)

Industry Group

Year-on-Year Growth (%)

September 2019
August 2019
(revised)

Gainers

 

 

Tobacco products

54.4

61.3

Printing

79.9

59.9

Machinery except electrical

9.1

-0.9

Beverages

18.0

0.2

Basic Metals

8.1

3.3

Rubber and plastic products

10.5

12.7

Fabricated metal products

19.2

15.9

Paper and paper products

10.1

1.0

Furniture and fixtures

14.3

-9.1

Wood and wood products

14.1

3.4

Non-metallic mineral products

2.1

12.7

Losers

 

 

Petroleum products

-25.2

-61.8

Electrical machinery

-14.6

-12.9

Transport equipment

-9.2

-18.5

Food manufacturing

-2.2

2.5

Miscellaneous manufactures

-11.9

-16.5

Footwear and wearing apparel

-3.4

-4.9

Textiles

-5.6

-6.5

Chemical products

-1.2

-1.4

Leather products

-28.0

2.7

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

TABLE 1-B  Volume of Production Index, August 2019 and September 2019

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

September 2019
August 2019
(revised)

Gainers

 

 

Machinery except electrical

13.1

1.4

Tobacco products

48.6

55.3

Printing

79.9

59.9

Basic metals

16.9

11.7

Beverages

13.9

-3.3

Fabricated metal products

33.3

25.1

Food manufacturing

2.8

7.9

Chemical products

5.1

5.4

Paper and paper products

13.2

3.1

Footwear and wearing apparel

8.1

4.6

Rubber and plastic products

6.6

8.4

Wood and wood products

22.7

13.4

Losers

 

 

Electrical machinery

-10.4

-9.7

Petroleum products

-17.3

-59.0

Transport equipment

-8.3

-18.4

Miscellaneous manufactures

-13.5

-19.9

Furniture and fixtures

-30.1

-44.9

Textiles

-3.5

-3.3

Non-metallic mineral products

-1.8

9.0

Leather products

-22.3

16.8

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

(2000 =100)

Industry Group

Year-on-Year Growth (%)

September 2019
August 2019
(revised)

Gainers

 

 

Beverages

14.7

4.5

Non-metallic mineral products

20.7

7.8

Chemical products

5.4

7.1

Fabricated metal products

25.9

25.2

Printing

19.7

19.0

Furniture and fixtures

16.8

-5.5

Footwear and wearing apparel

2.1

-3.0

Wood and wood products

9.5

-4.4

Tobacco products

1.3

36.7

Paper and paper products

0.4

-6.8

Losers

 

 

Machinery except electrical

-15.9

-13.2

Petroleum products

-9.6

-9.0

Food manufacturing

-5.9

-2.9

Electrical machinery

-4.0

-14.5

Transport equipment

-8.7

-6.9

Basic metals

-8.6

-13.8

Textiles

-14.5

-14.4

Miscellaneous manufactures

-10.2

-16.0

Rubber and plastic products

-1.7

-5.0

Leather products

-8.5

-8.4

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

 

 

TABLE 2-B  Volume of Net Sales Index, August 2019 and September 2019

(2000 = 100)

Industry Group

Year-on-Year Growth (%)

September 2019
August 2019
 (revised)

Gainers

 

 

Chemical products

14.2

14.5

Fabricated metal products

40.8

35.1

Beverages

10.7

0.8

Non-metallic mineral products

16.4

4.2

Footwear and wearing apparel

14.9

6.7

Printing

19.7

19.0

Petroleum products

1.4

-2.4

Wood and wood products

19.4

4.8

Electrical machinery

0.4

-10.9

Paper and paper products

1.8

-4.8

Leather products

1.7

4.2

Losers

 

 

Machinery except electrical

-11.7

-6.3

Textiles

-13.8

-11.5

Miscellaneous manufactures

-11.3

-19.5

Transport equipment

-4.8

-6.7

Furniture and fixtures

-27.6

-42.7

Food manufacturing

-0.7

2.2

Rubber and plastic products

-5.1

-8.6

Tobacco products

-2.6

31.3

Basic metals

-0.7

-6.7

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

 

 

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