Table A Year-on-Year Growth Rates for Production Index, Net Sales Index and Producer Price Index: January 2018 and January 2017 |
||
---|---|---|
TOTAL MANUFACTURING |
JANUARY 2018 |
JANUARY 2017 |
Production Index (2000=100) |
|
|
Value (VaPI) |
20.4 |
13.7 |
Volume (VoPI) |
21.9
|
14.9 |
Net Sales Index (2000=100) |
|
|
Value (VaNSI) |
15.3 |
20.8 |
Volume (VoNSI) |
17.5 |
22.1 |
Producer Price Index (2000=100) |
-1.9r |
-1.1
|
r - revised
- Value of Production Index posts two-digit increments inJanuary 2018
The Value of Production Index (VaPI) for manufacturing rose to 20.4 percent in January 2018 from 13.7 percent growth in the same month of the previous year, based on the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Twelve major sectors mainly influenced the growth led by printing, with three-digit growth of117.4 percent. The other 11 major sectors that contributed to the significant performance of VaPI were machinery except electrical (37.4%), basic metals (35.7%), petroleum products (32.7%), beverages (31.2%), chemical products (30.1%), non-metallic mineral products (17.8%), electrical machinery (17.0%),leather products (16.3%), paper and paper products (14.1%) miscellaneous manufactures (13.0%) and food manufacturing (12.6%).Refer to Tables1-A and 1.
- Volume of Production Index registers substantial growth
The Volume of Production Index (VoPI), likewise recorded a year-on-year growth of 21.9 percent in January 2018.The growth was supported by the two-digit annual expansions in 13 major sectors, namely: printing (114.5%), leather products (39.2%), petroleum products (37.0%), machinery except electrical (36.8%), basic metals (35.5%), chemical products (32.3%), fabricated metal products (32.2%), beverages (31.8%), non-metallic mineral products (17.5%), food manufacturing (15.2%), paper and paper products (14.7%), electrical machinery (13.9%) and miscellaneous manufactures (12.3%).Refer to Tables 1-B and 2.
- Value of Net Sales Index grows at a slower rate
The Value of Net Sales Index (VaNSI) gained at a slower rate of 15.3 percent in January 2018 compared with 20.8 percent in January 2017. Fourteen (14) of the 20 major sectors contributed to the growth in VaNSI with significant increments posted by the following: chemical products (53.9%), tobacco products (37.0%), leather products (35.9%), paper and paper products (23.3%), printing (21.8%), basic metals (20.6%), electrical machinery (20.1%), beverages (18.6%), machinery except electrical (13.4%) and petroleum products (10.9%). Refer toTables 2-A and 3.
- Volume of Net Sales Index expands
The Volume of Net Sales Index (VoNSI) went up by17.5 percent in January 2018. This was mainly influenced by the increments noted in 15 major sectors, with11 major sectors that registered two-digit increases in VoNSI as follows: chemical products (57.5%), leather products (54.7%), tobacco products (28.4%), paper and paper products (24.1%), printing (23.6%), basic metals (19.6%), electrical machinery (16.6%), beverages (16.5%), fabricated metal products (13.4%), transport equipment (10.5%) and machinery except electrical (10.4%).Refer to Tables 2-B and 4.
Average Capacity Utilization Rate in January 2018 is 84.1 percent with petroleum productsposting the highest among industries
Average capacity utilization rate in January 2018 for total manufacturing was recorded at 84.1 percent. Fifty-five percent or 11 of the 20 major industries operated at 80 percent and above capacity utilization rates. These are:
- petroleum products (89.5%)
- basic metals (88.9%)
- non-metallic mineral products (86.5%)
- machinery except electrical (85.9%)
- food manufacturing (85.3%)
- electrical machinery (84.8%)
- chemical products (84.1%)
- paper and paper products (83.5%)
- rubber and plastic products (82.9%)
- wood and wood products (81.4%)
- printing (81.1%)
The proportion of establishments that operated at full capacity (90% to 100%) was recordedat more than one-fourth of the total number of establishments (27.9%) in January 2018. About53.7 percent of the total establishments operated at 70 percent to 89 percent capacity while almost one-fifth of the total establishments (18.4%) operated below 70 percent capacity. Refer to Table B and 6.
Table B Distribution of Key Manufacturing Establishments by Capacity Utilization for Total Manufacturing: January 2018 |
|
---|---|
Capacity Utilization |
Percent Share |
Below 50% |
3.8 |
50% - 59% |
4.0 |
60% - 69% |
10.6 |
70% - 79% |
20.2 |
80% - 89% |
33.5 |
90% - 100% |
27.9 |
Response Rate
The response rates for the January 2018 MISSI and PPS were registered at 66.6 percent and 72.8 percent, respectively. Refer to Tables 7 and 8.
Table C Response Rates for Total Manufacturing (In percent) |
||
---|---|---|
|
January 2018 |
December 2017 (Revised) |
MISSI |
66.6 |
88.4r |
PPS |
72.8r |
89.3r |
r - revised
Data of non-responding samples were estimated using short-term geometric mean of the relative values of responding samples within the industry class. Revisions to the preliminary estimates are done upon receipt of actual reports of late respondents.
FOR THE NATIONAL STATISTICIAN:
ROMEO S. RECIDE
Assistant Secretary
(Deputy National Statistician)
Officer-in-Charge
TABLE 1-A Value of Production Index, December 2017 and January 2018
(2000 =100)
Industry Group |
Year-on-Year Growth (%) |
|
---|---|---|
January 2018 |
December 2017
(revised)
|
|
Gainers |
|
|
Machinery except electrical |
37.4 |
5.8 |
Petroleum products |
32.7 |
30.0 |
Electrical machinery |
17.0 |
1.8 |
Chemical products |
30.1 |
-68.9 |
Food manufacturing |
12.6 |
1.4 |
Basic metals |
35.7 |
61.1 |
Beverages |
31.2 |
8.8 |
Printing |
117.4 |
83.6 |
Non-metallic mineral products |
17.8 |
23.4 |
Paper and paper products |
14.1 |
5.6 |
Miscellaneous manufactures |
13.0 |
16.1 |
Fabricated metal products |
7.5 |
-9.2 |
Leather products |
16.3 |
-11.8 |
Losers |
|
|
Transport equipment |
-14.9 |
-5.0 |
Tobacco products |
-26.3 |
-30.8 |
Rubber and plastic products |
-13.2 |
-0.5 |
Wood and wood products |
-53.4 |
-3.5 |
Footwear and wearing apparel |
-9.2 |
-43.7 |
Furniture and fixtures |
-2.9 |
31.2 |
Textiles |
-0.1 |
-30.4 |
TABLE 1-B Volume of Production Index, December 2017 and January 2018
(2000 = 100)
|
Year-on-Year Growth (%) |
||||
---|---|---|---|---|---|
Industry Group |
January 2018
|
December 2017 (revised) |
|||
Gainers |
|
|
|||
Petroleum products |
37.0 |
26.5 |
|||
Machinery except electrical |
36.8 |
2.7 |
|||
Food manufacturing |
15.2 |
5.0 |
|||
Electrical machinery |
13.9 |
-1.2 |
|||
Chemical products |
32.3 |
-68.0 |
|||
Basic metals |
35.5 |
55.1 |
|||
Beverages |
31.8 |
9.0 |
|||
Printing |
114.5 |
79.2 |
|||
Non-metallic mineral products |
17.5 |
28.4 |
|||
Fabricated metal products |
32.2 |
27.2 |
|||
Paper and paper products |
14.7 |
7.5 |
|||
Miscellaneous manufactures |
12.3 |
8.5 |
|||
Leather products |
39.2 |
11.6 |
|||
Losers |
|||||
Transport equipment |
-13.9 |
-2.0 |
|||
Tobacco products |
-27.7 |
-31.8 |
|||
Rubber and plastic products |
-11.6 |
5.7 |
|||
Wood and wood products |
-52.9 |
-3.8 |
|||
Footwear and wearing apparel |
-7.1 |
-42.7 |
|||
Textiles |
-1.0 |
-30.8 |
|||
Furniture and fixtures |
-1.2 |
53.4 |
(2000 =100)
Industry Group |
Year-on-Year Growth (%) |
|
January 2018 |
December 2017
(revised)
|
|
Gainers |
|
|
Chemical products |
53.9 |
-60.7 |
Electrical machinery |
20.1 |
12.0 |
Machinery except electrical |
13.4 |
52.5 |
Petroleum products |
10.9 |
14.2 |
Food manufacturing |
5.8 |
3.5 |
Basic metals |
20.6 |
34.6 |
Beverages |
18.6 |
7.2 |
Tobacco products |
37.0 |
-14.7 |
Paper and paper products |
23.3 |
6.1 |
Transport equipment |
6.4 |
-22.2 |
Printing |
21.8 |
29.1 |
Non-metallic mineral products |
5.4 |
7.9 |
Leather products |
35.9 |
-23.0 |
Rubber and plastic products |
2.4 |
9.1 |
Losers |
|
|
Textiles |
-24.1 |
45.3 |
Footwear and wearing apparel |
-10.3 |
-23.0 |
Fabricated metal products |
-8.9 |
-5.2 |
Miscellaneous manufactures |
-3.6 |
-3.1 |
Furniture and fixtures |
-8.6 |
30.4 |
Wood and wood products |
-12.0 |
-13.8 |
TABLE 2-B Volume of Net Sales Index, December 2017 and January 2018
(2000 = 100)
Industry Group |
Year-on-Year Growth (%) |
||
January 2018 |
December 2017
(revised)
|
||
Gainers |
|
|
|
Chemical products |
57.5 |
-60.2 |
|
Electrical machinery |
16.6 |
11.0 |
|
Food manufacturing |
9.3 |
5.4 |
|
Machinery except electrical |
10.4 |
54.6 |
|
Basic metals |
19.6 |
30.8 |
|
Beverages |
16.5 |
9.1 |
|
Tobacco products |
28.4 |
-16.3 |
|
Transport equipment |
10.5 |
-20.4 |
|
Paper and paper products |
24.1 |
6.3 |
|
Petroleum products |
3.2 |
10.8 |
|
Printing |
23.6 |
26.2 |
|
Fabricated metal products |
13.4 |
35.2 |
|
Non-metallic mineral products |
4.2 |
13.8 |
|
Leather products |
54.7 |
-2.4 |
|
Rubber and plastic products |
7.5 |
13.5 |
|
Losers |
|
|
|
Textiles |
-24.0 |
44.4 |
|
Footwear and wearing apparel |
-6.4 |
-19.9 |
|
Miscellaneous manufactures |
-8.5 |
-3.0 |
|
Furniture and fixtures |
-9.7 |
61.8 |
|
Wood and wood products |
-11.4 |
-13.6 |