Date Released: October 27, 2000
MONTHLY INTEGRATED SURVEY OF SELECTED INDUSTRIES AUGUST 2000 Manufacturing continued to increase in August 2000 as indicated by the value and volume of production increasing by 18.7 percent and 9.3 percent, respectively according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). However, these were slower compared to the year-on-year growth rates posted in July 2000 and August 1999. Petroleum refineries, food manufacturing and paper and paper products led to the growth in volume and value of production. The improvement in the production of these sectors could be attributed to higher local demand for the products. Expansion in the number of machinery and improvement in machine performane were reported by the paper and paper products sector. August 2000 net sales value and volume grew by 28.5 percent and 14.3 percent, respectively. The performance of volume of net sales in August 2000 was a reversal from the 4.8 percent decline in August 1999.
After a slowdown last month, volume of net sales perked up relative to the volume of production. Electrical machinery was the top gainer in terms of value and volume of sales, expanding by 80.6 percent and 51.5 percent, respectively from a year ago. Basic metals, which had the largest decrease in its value of production and one of the losers in terms of volume of production, had also the worst performance in both value and volume of net sales. Producer price index (PPI) increased by 8.7 percent to 151.2 in August 2000 from 139.1 in August 1999. The year-on-year increase in August 2000 PPI was slower than the 9.7 percent increase in July 2000 and higher than the 5.7 percent increase in August 1999. Petroleum products had the highest year-on-year increase in producer price, moving up by 44.6 percent in August 2000. Other sectors which exhibited double digit increases in their producer price index were cement (21.6%), electrical machinery (19.2%) and printing and publishing (16.8%). Increases in the producer prices could be attributed to higher cost of production inputs particularly of oil and of other imported inputs aggravated by the weakening of peso. Average capacity utilization rate for August 2000 for manufacturing was estimated at 82.2 percent. This indicated improvements by 3 percentage points over the 79.2 percent rate in July 2000 and by 2.2 percentage points in August 1999. Thirteen out of 16 sectors improved in terms of capacity utilization rate as compared to the same month last year. Electrical machinery had the highest capacity utilization rate of 92.6 percent while textile posted the lowest capacity utilization rate of 71.6 percent. In August 2000, the value of production index (VaPI) of 669.0 increased by 18.7 percent from 563.4 in August 1999. Year-on year increases were observed in 14 out of 16 major sectors led by paper and paper products, which increased by 59.5 percent (See Annex 1-A). Other sectors contributing double-digit growths to the value of production were the following: petroleum refineries (58.1%), other manufacturing (24.9%), non-metallic mineral products (24.2%), food manufacturing (19.7%), wearing apparel (19.5%), chemicals (16.3%), beverage (16.1%), electrical machinery (15.2%), furniture & fixtures (15.2%), transport equipment (12.4%), tobacco (12.2%), and wood & wood products (10.3%).
On the other hand, losers in terms of value of productions were basic metals (-10.3%), and textile (-3.0%). The volume of production index (VoPI) for total manufacturing increased by 9.3 percent to 172.3 percent from 157.7 of the same month last year. Thirteen out of 16 sectors posted year-on-year increases led by paper & paper products with 63.4 percent increase. (See Annex 1-B). Other sectors which posted double-digit increases were other manufacturing (34.5%), wearing apparel (20.3%), food manufacturing (20.0%), furniture & fixtures (15.2%), chemicals (14.0%), beverage (13.4%), tobacco (13.4%), non-metallic mineral products (13.0%), and wood & wood products (10.8%). The increases in the production output of these sectors could be attributed either to the growing demand for the products from both domestic and export markets, expansion of labor inputs, improvement in the performance of machinery, or abundance of seasonal raw materials. On the other hand, sectors which exhibited negative performance were textile (-21.4%), basic metals (-8.1%) and electrical machinery (-3.4%). The decline in the production in these sectors could be attributed either to temporary or partial shutdowns in the operation of some establishments due to labor disputes, or decrease in the demand for these products. The value of net sales for August 2000 moved up by 28.5 percent compared to the same month last year. Fourteen out of 16 major sectors showed improvements in their value of net sales. The leading sector was electrical machinery exhibiting a 80.6 percent growth over the same month last year (See Annex 2-A). Other sectors that recorded at least 30 percent year-on-year growths were petroleum products (55.6%), transport equipment (43.5%), paper & paper products (42.0%), rubber products (40.6%), furniture & fixtures (40.4%), non-metallic mineral products (36.8%) and textile (33.8%).
On the other hand, sectors with lower values of net sales as compared to the same month last year were basic metals (-18.4%), and wood & wood products (-20.5%). The volume of net sales for August 2000 improved by 14.3 percent over the same month last year. Increases were observed in 14 out of 16 sectors led by electrical machinery which grew by 51.5 percent (See Annex 2-B). Other sectors that exhibited double-digit growths were paper & paper products (45.5%), rubber products (41.6%), furniture & fixtures (40.4%), non-metallic mineral products (39.0%), transport equipment (38.6%), miscellaneous manufactures (37.6%), tobacco (25.5%), chemicals (16.3%) and beverages (12.1%). On the other hand, decreases were observed in the following sectors: wood & wood products (-20.1%), and basic metals (-17.4%). The proportion of responding establishments that operated at full capacity (90%-100%) in August 2000 improved from 12.8 percent of the same month last year to 29.7 percent (See Annex 3-A). About 34.3 percent operated below the 70 percent capacity utilization, lower by 11.5 percentage points from 45.8 percent in August 1999. The August 2000 average capacity utilization rate for manufacturing was estimated at 82.2 percent, higher than the 80.0 percent posted last year (See Annex 3B). Of the 16 sectors, thirteen sectors posted higher capacity utilization rates as compared to a year ago. Leading sector was electrical machinery, which recorded an average capacity utilization rate of 92.6 percent. Other sectors which registered more than 80 percent capacity utilization rates were miscellaneous manufactures (89.7%), furniture & fixture (85.9%), wood & wood products (85.8%), petroleum refineries (85.1%), wearing apparel (83.9%), tobacco (83.3%), paper & paper products (83.2%), non-metallic mineral products (81.5%), chemicals (81.2%) and beverage (80.1%). These results were based on the response of 390 sample establishments, which comprised 75.0 percent of the total number of establishments covered by the survey. |
ANNEX 1-A
VALUE OF PRODUCTION INDEX (AUGUST 2000)
YEAR-ON-YEAR
GAINERS GROWTH %
August July r
Petroleum Refineries 58.1 38.3
Food Manufacturing 19.7 0.8
Paper & Paper Products 59.5 40.5
Electrical Machinery 15.2 79.8
Chemicals 16.3 12.7
Wearing Apparel 19.5 23.6
Non-Metallic Mineral Product 24.2 2.8
Transport Equipment 12.4 7.2
Wood & Wood Products 10.3 -2.7
Beverage 16.1 -5.7
Other Manufacturing 24.9 33.1
Furniture & Fixtures 15.2 32
Rubber Products 3.5 -21
Tobacco 12.2 7.1
LOSERS
Basic Metals -10.3 -37.7
Textile -3 -2.8
MONTH-ON-MONTH
GAINERS GROWTH %
August July r
Basic Metals 24.4 -16
Non-Metallic Mineral Products 14.7 -16.9
Paper & Paper Products 11.5 -2.3
Beverage 11.7 -25.8
Rubber Products 14.9 -3.4
Food Manufacturing 0.9 0.9
Transport Equipment 3.7 2.8
Electrical Machinery 0.7 13.1
Chemicals 0.8 -5.5
LOSERS
Wearing Apparel -5.3 12.5
Textile -4.9 4.1
Wood & Wood Products -1.8 -0.4
Petroleum Refineries -0.3 -1.7
Furniture & Fixtures -6.4 -12.4
Other Manufacturing -3 9.1
Tobacco -2.7 1.5
Note: Sectors are ranked according to their contribution
to the overall August 2000 growth rate.
r - revised due to updating of data from late responding
establishments.
ANNEX 1-B
VOLUME OF PRODUCTION INDEX (AUGUST 2000)
YEAR-ON-YEAR
GAINERS GROWTH (%)
August July r
Food Manufacturing 20 2.7
Paper & Paper Products 63.4 41.9
Petroleum Refineries 9.3 -9.1
Chemical 14 9.8
Wearing Apparel 20.3 1.6
Non-Metallic Mineral 13 -5.7
Wood & Wood Products 10.8 -2.7
Transport Equipment 8.5 3.5
Beverage 13.4 -5.9
Other Manufacturing 34.5 40.1
Furniture & Fixtures 15.2 32
Rubber Products 4.3 -20.4
Tobacco 13.4 8.2
LOSERS
Textile -21.4 -21.9
Basic Metals -8.1 -37.5
Electrical Machinery -3.4 51.8
MONTH-ON-MONTH
GAINERS GROWTH %
August July r
Basic Metals 22.9 -15.8
Wearing Apparel 16.2 -5.9
Non-Metallic Mineral 13.9 -15.5
Paper & Paper Products 12.3 -5.9
Beverage 11.7 -25.4
Rubber Products 14.9 -3.4
Transport Equipment 3.5 2.9
Chemicals 0.4 -5.2
Food Manufacturing 0.2 -0.6
Electrical Machinery 0.2 -1.7
LOSERS
Petroleum Refineries -1.4 -11.4
Textile -5.1 4.4
Wood & Wood Products -1.4 -1.4
Furniture & Fixtures -6.4 -12.4
Tobacco -2.7 1.5
Other Manufacturing -1.1 8.9
Note: Sectors are ranked according to their contribution
to the overall August 2000 growth rate.
r - revised due to updating of data from late responding
establishments.
ANNEX 2-A
NET SALES VALUE (AUGUST 2000)
YEAR-ON-YEAR
GAINERS GROWTH (%)
August July
Petroleum Products 55.6 35.3
Electrical Machinery 80.6 92
Transport equipment 43.5 11
Textile 33.8 8.6
Chemicals 18.7 5.8
Paper & paper products 42 41.2
Non-metallic mineral products 36.8 5.2
Rubber products 40.6 -21.2
Food Manufacturing 2.7 6.3
Wearing Apparel 5.6 19.9
Beverages 14.8 -2.3
Furniture & Fixtures 40.4 29.5
Miscellaneous Manufactures 27.9 14.7
Tobacco 24.3 17.7
LOSERS
Basic metals -18.4 -31.2
Wood & wood products -20.5 -24.4
MONTH-ON-MONTH
GAINERS GROWTH %
August July
Food Manufacturing 11.6 -6.3
Basic metals 27 -25.3
Electrical Machinery 4.2 47.7
Beverages 17.2 -30.6
Textile 6.8 -0.5
Non-metallic mineral products 7.7 -19.5
Wood & wood products 7 9.8
Transport equipment 5.8 28.1
Petroleum Products 1.1 -9.8
Rubber products 10.1 -2
Furniture & Fixtures 10.9 -1.7
Paper & paper products 1 -7.9
Tobacco 5.8 -4.4
LOSERS
Wearing Apparel -4.8 3.8
Chemicals -0.9 0.1
Miscellaneous Manufactures -5.2 -2.6
Note: Sectors are ranked according to their contribution to the
overall August 2000 growth rate.
ANNEX 2-B
NET SALES VOLUME (AUGUST 2000)
YEAR-ON-YEAR
GAINERS GROWTH (%)
August July
Electrical Machinery 51.5 62.1
Paper & paper products 45.5 42.6
Transport equipment 38.6 7.2
Petroleum Products 7.6 -11.1
Chemicals 16.3 3.1
Non-metallic mineral products 39 6.9
Rubber products 41.6 -20.6
Food Manufacturing 2.9 8.3
Textile 8.4 -12.7
Wearing Apparel 6.4 -1.4
Beverages 12.1 -2.5
Furniture & Fixtures 40.4 29.5
Miscellaneous Manufactures 37.6 20.8
Tobacco 25.5 18.9
LOSERS
Basic metals -17.4 -32
Wood & wood products -20.1 -24.4
MONTH-ON-MONTH
GAINERS GROWTH %
August July
Food Manufacturing 10.5 -7.6
Basic metals 28.1 -25
Electrical Machinery 3.8 28.5
Beverages 17.2 -30.2
Textile 6.9 -0.5
Wood & wood products 7.9 9.8
Non-metallic mineral products 7.7 -20
Transport equipment 5.5 28.3
Rubber Products 10.1 -2
Petroleum Products 0.6 -18.8
Furniture & Fixtures 10.9 -1.7
Tobacco 5.8 -4.4
LOSERS
Wearing Apparel -3.5 3.8
Paper & paper products -5.2 -4.1
Chemicals -0.8 0.1
Miscellaneous Manufactures -3.4 -2.6
Note: Sectors are ranked according to their contribution to the
overall August 2000 growth rate.
Annex 3-A
Distribution of Key Enterprise by Capacity Utilization
(In percent)
ANNEX 3-B
Average Capacity Utilization by Major Sector
SECTOR AVERAGE CU
Aug’00 Aug’99 July’00 July’99 June’00 June’99 May’00 May’99 Apr’00 Apr’99
MANUFACTURING 82.19 80 79.21 77.76 82.34 80.31 79.66 78.04 81.6 81.68
A. FOOD MANUFACTURING 79.21 74.41 73.4 73.15 74.08 77.48 68.67 74.55 76.19 75.75
B. BEVERAGE 80.08 78.1 76.8 81.54 84.43 82.53 77.4 82.3 80.83 81.99
C. TOBACCO 83.32 74.98 80.77 76.11 77.3 73.23 85.64 72.53 85.23 73.72
D. TEXTILE 71.56 79.39 78.44 79.86 71.69 77.4 74.6 79.67 81.78 81.82
E. WEARING APPAREL 83.92 82.05 83.41 80.86 80.87 81.41 76.82 81.69 78.76 78.57
F. WOOD & WOOD PRODUCTS 85.78 74.92 73.44 74.45 75.21 76.33 72.72 73.06 73.38 73.51
G. FURNITURE & FIXTURES 85.93 79.77 91.65 79.98 92.6 80.04 88.45 79.14 82.4 81.56
H. PAPER & PAPER 83.16 74.71 81.9 77.36 91.68 80.62 82.78 82.27 83.28 82.74
PRODUCTS
I. CHEMICALS 81.24 75.13 80.26 78.95 79.25 78.8 75.83 76.92 78.76 85.62
J. RUBBER PRODUCTS 78.3 83.19 75.81 83.32 76.09 83.61 86.44 83.52 89.46 86.51
K. PETROLEUM PRODUCTS 85.09 88.06 83.65 89.72 95 90.03 93.09 77.17 89.56 86.01
L. NON-METALLIC MINERAL 81.47 79.63 77.81 81.64 80.5 78.16 79.39 79.86 84.19 80.36
PROD
M. BASIC METALS 74.84 70.18 66.66 71.65 75.1 75.96 68.76 69.44 68.53 77.31
N. TRANSPORT EQUIPMENT 79.58 74.29 73.38 68.82 74.1 72.05 75.44 72.57 83.24 71.59
O. ELECTRICAL MACHINERY 92.57 91.35 90.9 65.99 90.96 77.09 91.78 89.96 89.14 92.33
P. MISC. MANUFACTURES 89.72 83.38 88.99 83.83 82.85 79.28 86.7 82.21 84.47 83.51
ANNEX 4
Percentage Changes in Production and Net Sales of Key Enterprises:
Aug 1999 - Aug 2000
r - revised due to updating of data from late responding establishments
Source: National Statistics Office
Manila, Philippines
Page Last Updated: April 6, 2001