Table 8  Volume of Production Index (VoPI), Year-on-Year and Month-on-Month Growth Rates for Manufacturing Sector
         January 2007 - January 2008
         (2000=100)

============================================================================================
           |          TOTAL MANUFACTURING          |          FOOD MANUFACTURING
Year/Month | Index | Year-on-Year | Month-on-Month | Index | Year-on-Year | Month-on-Month
           |       | Growth Rates |   Growth Rates |       | Growth Rates |   Growth Rates
--------------------------------------------------------------------------------------------

2007          84.2           -5.0                    130.0           -6.5

Jan           81.5r          -3.6            -11.5   127.2            2.1           -24.7
Feb           74.4r         -12.1             -8.7   120.8           -7.5            -5.0
Mar           84.8r          -7.8             13.9   142.3           -6.2            17.8
Apr           79.8r          -5.9             -5.8   117.8          -10.6           -17.3
May           81.5r          -9.1              2.2   110.5          -14.1            -6.2
Jun           84.4r          -3.8              3.5   121.8           -0.3            10.3
Jul           85.7r           0.9              1.5   124.9            7.6             2.5
Aug           85.6r          -2.9             -0.1   123.8           -2.9            -0.8
Sep           84.3r          -4.0             -1.5   128.9            0.4             4.1
Oct           87.8r          -5.2              4.1   138.6          -17.0             7.5
Nov           87.9r          -7.0              0.1   142.9          -16.9             3.1
Dec           92.2r           0.1              4.9   160.7r          -4.8            12.5

2008

Jan           82.0            0.5            -11.1   107.6          -15.4           -33.1

--------------------------------------------------------------------------------------------

Table 8 (continued)

============================================================================================
           |                BEVERAGES              |              TOBACCO PRODUCTS
Year/Month | Index | Year-on-Year | Month-on-Month | Index | Year-on-Year | Month-on-Month
           |       | Growth Rates |   Growth Rates |       | Growth Rates |   Growth Rates
--------------------------------------------------------------------------------------------

2007          95.1            8.4                     14.6          -32.1

Jan           83.9          -13.6            -11.0    12.0          -55.8           -10.6
Feb           76.1          -19.9             -9.3    12.9          -29.8             7.4
Mar           90.9            1.6             19.4    13.3          -42.6             3.1
Apr           89.8            8.7             -1.2    12.2          -35.5            -8.4
May          104.2            8.1             16.1    17.8          -21.0            45.7
Jun          101.2           18.3             -2.9    18.7          -21.3             5.2
Jul           89.0           24.3            -12.1    17.1          -31.2            -8.4
Aug           92.0           13.4              3.4    16.6          -32.3            -3.3
Sep           88.5           -1.7             -3.8    14.3          -40.0           -13.7
Oct          103.1           22.1             16.5    14.8          -36.8             3.3
Nov           97.0           13.2             -5.9    14.6           -2.3            -1.1
Dec          125.7           33.3             29.6    11.5          -14.7           -21.4

2008

Jan          108.4           29.2            -13.7    15.7           30.5            36.7

--------------------------------------------------------------------------------------------

Table 8 (continued)

============================================================================================
           |                TEXTILES               |       FOOTWEAR AND WEARING APPAREL
Year/Month | Index | Year-on-Year | Month-on-Month | Index | Year-on-Year | Month-on-Month
           |       | Growth Rates |   Growth Rates |       | Growth Rates |   Growth Rates
--------------------------------------------------------------------------------------------

2007          68.6          -38.0                     36.0          -20.2

Jan           67.5          -48.4             10.6    39.2            3.1           -12.6
Feb           72.9          -44.7              8.1    36.3          -25.5            -7.4
Mar           71.0          -50.0             -2.7    31.7          -38.1           -12.8
Apr           67.5          -53.4             -4.9    31.9          -34.6             0.7
May           72.8          -48.6              7.9    35.3          -17.6            10.8
Jun           66.8          -49.7             -8.2    35.8          -25.5             1.5
Jul           74.0          -23.8             10.8    38.9          -15.8             8.5
Aug           74.4          -21.0              0.5    36.0          -19.8            -7.4
Sep           66.3          -25.9            -10.9    40.1           -7.2            11.4
Oct           67.3          -21.8              1.5    36.7          -16.6            -8.5
Nov           62.2          -18.7             -7.6    34.0          -15.2            -7.4
Dec           60.4           -1.0             -2.9    35.8r         -20.2             5.4

2008

Jan           60.7          -10.0              0.5    41.6            6.2            16.3

--------------------------------------------------------------------------------------------

Table 8 (continued)

============================================================================================
           |          LEATHER PRODUCTS             |      WOOD AND WOOD PRODUCTS
Year/Month | Index | Year-on-Year | Month-on-Month | Index | Year-on-Year | Month-on-Month
           |       | Growth Rates |   Growth Rates |       | Growth Rates |   Growth Rates
--------------------------------------------------------------------------------------------

2007           4.1            5.9                     65.4           10.1

Jan            3.4          -20.9              0.8    50.9           -9.3           -22.5
Feb            3.3          -23.2             -2.8    55.7            2.7             9.5
Mar            3.3          -20.8              1.7    59.1          -11.1             6.2
Apr            3.3           -9.2             -0.1    58.7           -0.7            -0.7
May            3.6           -8.3              9.2    60.2           -1.4             2.5
Jun            4.1            4.4             13.0    72.7           21.8            20.7
Jul            4.6           11.7             13.0    72.5           21.2            -0.3
Aug            4.9           27.1              4.6    75.7           12.6             4.4
Sep            5.0           35.0              3.1    72.2           23.9            -4.6
Oct            4.4           14.9            -12.1    75.9           45.6             5.1
Nov            5.1           53.9             16.6    63.6           20.0           -16.2
Dec            4.2           24.2            -19.0    67.3            2.5             5.7

2008

Jan            5.1           50.0             21.7    66.1           30.0            -1.7

--------------------------------------------------------------------------------------------

Table 8 (continued)

============================================================================================
           |        PAPER AND PAPER PRODUCTS       |        PUBLISHING AND PRINTING
Year/Month | Index | Year-on-Year | Month-on-Month | Index | Year-on-Year | Month-on-Month
           |       | Growth Rates |   Growth Rates |       | Growth Rates |   Growth Rates
--------------------------------------------------------------------------------------------

2007          78.6           -0.9                     60.7          -11.2

Jan           80.7           13.8              1.3    59.2           -8.7           -22.0
Feb           72.7           -5.8             -9.8    60.2           -7.0             1.7
Mar           79.1            1.1              8.8    63.8           -5.8             6.0
Apr           76.9            6.5             -2.8    55.7           -7.1           -12.7
May           76.7           -3.5             -0.2    60.8          -10.0             9.2
Jun           81.1           -7.9              5.7    69.0            2.0            13.4
Jul           72.0          -13.7            -11.2    67.3           -4.8            -2.5
Aug           85.4           10.6             18.5    53.0          -23.7           -21.2
Sep           80.2           -1.2             -6.0    63.9           -5.3            20.6
Oct           87.9            8.6              9.6    59.7          -17.2            -6.6
Nov           76.1           -8.1            -13.4    54.1          -25.5            -9.3
Dec           73.7           -7.4             -3.2    62.0          -18.3            14.5

2008

Jan           85.7            6.2             16.2    61.1            3.2            -1.5

--------------------------------------------------------------------------------------------

Table 8 (continued)

=====================================================================================================================================================
           |          PETROLEUM PRODUCTS           | CHEMICAL PRODUCTS (including plastic products)  | CHEMICAL PRODUCTS (excluding plastic products)
Year/Month | Index | Year-on-Year | Month-on-Month |   Index   | Year-on-Year  |   Month-on-Month    |    Index   | Year-on-Year  |   Month-on-Month
           |       | Growth Rates |   Growth Rates |           | Growth Rates  |   Growth Rates      |            | Growth Rates  |   Growth Rates
-----------------------------------------------------------------------------------------------------------------------------------------------------

2007          62.4           -2.2                       86.0             -8.2                           100.1            -2.1

Jan           71.0           -3.9             -5.4      74.3            -12.8             -24.9          86.0            -1.2             -23.2
Feb           36.2          -47.1            -49.0      75.9            -12.1               2.2          87.5            -2.4               1.6
Mar           49.6           -1.6             37.0      85.6            -15.7              12.8          99.4            -6.4              13.6
Apr           73.8            4.0             48.9      81.7            -10.7              -4.6          96.3            -4.8              -3.1
May           69.2           -0.8             -6.3      87.6             -2.4               7.2         102.5             5.0               6.5
Jun           66.6           -5.8             -3.8      97.3              5.6              11.1         114.8            12.5              11.9
Jul           68.3           21.8              2.6      85.6            -13.5             -12.1          98.7            -9.7             -14.0
Aug           67.5           11.1             -1.2      98.2             -4.0              14.8         116.5             2.0              18.1
Sep           59.3            6.0            -12.1      91.0             17.7              -7.3         106.4            28.1              -8.6
Oct           61.9           19.6              4.4      81.7            -15.5             -10.3          92.5           -14.0             -13.1
Nov           61.8            0.0             -0.2      86.1            -16.8               5.4         100.2           -14.8               8.3
Dec           63.6          -15.2              2.8      87.0r           -12.0               1.1         101.0            -9.9               0.8

2008

Jan           55.9          -21.3            -12.1                                                       91.2             6.0              -9.7

----------------------------------------------------------------------------------------------------------------------------------------------------

Table 8 (continued)

============================================================================================
           |      RUBBER AND PLASTIC PRODUCTS      |           RUBBER PRODUCTS..f/
Year/Month | Index | Year-on-Year | Month-on-Month | Index | Year-on-Year | Month-on-Month
           |       | Growth Rates |   Growth Rates |       | Growth Rates |   Growth Rates
--------------------------------------------------------------------------------------------

2007          69.6            8.7                    203.7           15.7

Jan           70.8          -16.2             39.9   256.6           13.3            93.6
Feb           65.3           -9.1             -7.8   190.0           12.8           -25.9
Mar           71.9           -7.6             10.0   215.1           25.0            13.2
Apr           62.5           16.1            -13.1   187.5           45.3           -12.8
May           67.5           10.2              8.1   191.7           25.4             2.2
Jun           73.2           30.4              8.4   215.0           49.5            12.2
Jul           71.8           23.4             -2.0   202.3           23.5            -5.9
Aug           71.4            7.2             -0.5   208.7r          -3.8             3.2
Sep           70.8           13.7             -0.9   199.1r           1.6            -4.6
Oct           75.5           16.8              6.6   214.8r           2.7             7.9
Nov           67.3           10.9            -10.8   180.3r         -10.1           -16.1
Dec           67.2           32.8             -0.2   183.0           38.1             1.5

2008

Jan           69.1           -2.5              2.7   189.7          -26.1             3.7

--------------------------------------------------------------------------------------------
f/ - Subsector of Rubber and Plastic Products

Table 8 (continued)

============================================================================================
           |           PLASTIC PRODUCTS  f/        |     NON-METALLIC MINERAL PRODUCTS
Year/Month | Index | Year-on-Year | Month-on-Month | Index | Year-on-Year | Month-on-Month
           |       | Growth Rates |   Growth Rates |       | Growth Rates |   Growth Rates
--------------------------------------------------------------------------------------------

2007          41.6            3.2                     94.8           -3.4

Jan           36.8          -29.5             11.1    95.6           10.9            -5.2
Feb           39.1          -20.2              6.2    93.9           -0.3            -1.7
Mar           42.4          -23.1              8.5   101.6            5.3             8.2
Apr           36.9           -0.8            -12.9    95.5            0.3            -6.0
May           41.1            1.1             11.2    96.9           -8.9             1.5
Jun           43.7           16.6              6.2    93.6          -12.1            -3.5
Jul           43.6           19.6             -0.1    93.5            0.5            -0.1
Aug           42.6           13.9             -2.3    97.2           -4.4             4.0
Sep           42.9           21.7              0.8    93.7           -9.2            -3.6
Oct           45.6           26.0              6.1    93.3           -6.0            -0.5
Nov           41.8           25.5             -8.2    90.2           -5.3            -3.3
Dec           42.8           29.2              2.3    93.0r          -7.8             3.1

2008

Jan           43.3           17.7              1.1    93.6           -2.1             0.6

--------------------------------------------------------------------------------------------
f/ - Subsector of Rubber and Plastic Products

Table 8 (continued)

============================================================================================
           |       GLASS AND GLASS PRODUCTS  g/    |              CEMENT  g/
Year/Month | Index | Year-on-Year | Month-on-Month | Index | Year-on-Year | Month-on-Month
           |       | Growth Rates |   Growth Rates |       | Growth Rates |   Growth Rates
--------------------------------------------------------------------------------------------

2007          68.6            1.8                    136.1           -0.9

Jan           83.2           13.0              3.2   135.9           15.1            -7.4
Feb           76.4           -3.8             -8.2   131.9            2.8            -3.0
Mar           57.1            7.0            -25.2   147.8            3.7            12.1
Apr           52.4           -7.0             -8.2   140.6            2.0            -4.9
May           65.3           23.2             24.4   138.9          -10.3            -1.2
Jun           60.5           10.0             -7.3   130.1          -16.1            -6.3
Jul           70.1           19.1             15.9   134.6            6.7             3.4
Aug           64.0          -12.5             -8.7   141.7            3.2             5.3
Sep           67.8           -6.0              5.9   131.0           -8.2            -7.5
Oct           76.4            1.2             12.7   126.7           -6.3            -3.3
Nov           79.3            1.3              3.9   130.0            6.5             2.6
Dec           71.2r         -11.7            -10.3   143.8           -2.0            10.6

2008

Jan           82.4           -1.0             15.8   135.9            0.0            -5.5

--------------------------------------------------------------------------------------------
g/ - Subsector of Non-Metallic Mineral Products

Table 8 (continued)

============================================================================================
           | MISCELLANEOUS NON-METALLIC MINERAL  g/|            BASIC METALS
Year/Month | Index | Year-on-Year | Month-on-Month | Index | Year-on-Year | Month-on-Month
           |       | Growth Rates |   Growth Rates |       | Growth Rates |   Growth Rates
--------------------------------------------------------------------------------------------

2007          47.7          -12.7                    101.5          -18.4

Jan           41.6           -1.1              4.0   103.5           17.3            -9.2
Feb           46.7           -1.7             12.2   106.0            2.1             2.4
Mar           58.2           15.1             24.6   120.7            0.2            13.9
Apr           53.6            3.2             -7.9    96.5          -16.2           -20.0
May           50.2          -20.5             -6.3   102.4          -29.2             6.0
Jun           55.1           -9.9              9.7    89.4          -35.3           -12.6
Jul           42.9          -29.5            -22.2   103.7          -29.7            15.9
Aug           51.2          -17.7             19.4   108.5          -18.6             4.6
Sep           52.5          -12.1              2.7    90.1          -32.1           -16.9
Oct           52.1           -6.0             -0.9   104.5r         -11.6            15.9
Nov           38.1          -37.1            -26.9    99.3r         -27.0            -5.0
Dec           29.8r         -25.5            -21.7    93.3r         -18.1            -6.0

2008

Jan           38.8           -6.9             30.0    91.5          -11.6            -2.0

--------------------------------------------------------------------------------------------
g/ - Subsector of Non-Metallic Mineral Products

Table 8 (continued)

============================================================================================
           |          IRON AND STEEL  h/           |          NON-FERROUS METALS  h/
Year/Month | Index | Year-on-Year | Month-on-Month | Index | Year-on-Year | Month-on-Month
           |       | Growth Rates |   Growth Rates |       | Growth Rates |   Growth Rates
--------------------------------------------------------------------------------------------

2007          70.1           -4.8                    191.1          -30.8

Jan           67.4           30.7              8.4   210.7            4.9           -21.6
Feb           78.1           19.8             16.0   184.3          -16.1           -12.6
Mar           88.8           10.6             13.6   210.3          -12.2            14.1
Apr           61.4           -7.8            -30.8   197.5          -24.4            -6.1
May           69.9          -18.4             13.8   194.6          -39.1            -1.5
Jun           68.9          -19.0             -1.4   145.5          -51.1           -25.2
Jul           63.3          -21.4             -8.2   223.0          -36.8            53.3
Aug           78.1           -3.7             23.5   194.5          -32.9           -12.8
Sep           59.4          -23.0            -23.9   178.9          -40.0            -8.0
Oct           69.8r          10.6             17.5   204.4          -28.3            14.3
Nov           67.3r         -21.7             -3.5   190.9          -32.7            -6.6
Dec           69.5r          11.8              3.2   158.6          -41.0           -16.9

2008

Jan           64.7           -4.0             -6.9   165.8          -21.3             4.5

--------------------------------------------------------------------------------------------
h/ - Subsector of Basic Metals

Table 8 (continued)

============================================================================================
           |       FABRICATED METAL PRODUCTS       |     MACHINERY EXCLUDING ELECTRICAL
Year/Month | Index | Year-on-Year | Month-on-Month | Index | Year-on-Year | Month-on-Month
           |       | Growth Rates |   Growth Rates |       | Growth Rates |   Growth Rates
--------------------------------------------------------------------------------------------

2007         193.8            8.0                     45.5           -4.2

Jan          158.9            2.5             -0.5    42.4r         -19.3            -0.4
Feb          184.1            8.4             15.8    42.4r         -15.7             0.1
Mar          205.5            0.6             11.6    45.5r         -17.9             7.1
Apr          180.1           14.1            -12.3    43.3r          -7.8            -4.8
May          204.6            9.2             13.6    42.7r         -10.2            -1.2
Jun          207.6            8.8              1.5    45.6r          -4.6             6.7
Jul          204.4           13.3             -1.5    44.4r         -14.3            -2.6
Aug          221.8           19.5              8.5    44.7r          -0.2             0.7
Sep          178.6            4.8            -19.5    45.1r           5.4             1.0
Oct          200.7           10.2             12.4    53.4r          22.5            18.4
Nov          210.3            0.0              4.8    48.0r          10.5           -10.2
Dec          168.8r           5.7            -19.8    48.1r          13.1             0.4

2008

Jan          205.8           29.5             21.9    50.0           18.0             3.9

--------------------------------------------------------------------------------------------

Table 8 (continued)

============================================================================================
           |         ELECTRICAL MACHINERY          |        TRANSPORT EQUIPMENT
Year/Month | Index | Year-on-Year | Month-on-Month | Index | Year-on-Year | Month-on-Month
           |       | Growth Rates |   Growth Rates |       | Growth Rates |   Growth Rates
--------------------------------------------------------------------------------------------

2007          59.0           -4.4                    102.9            4.0

Jan           59.6           -2.6              5.7   100.4            1.4            11.1
Feb           53.7           -2.7             -9.9   100.4            4.0            -0.1
Mar           58.9          -10.7              9.5   103.3            2.8             2.9
Apr           55.5r          -0.4             -5.6    83.6            9.5           -19.1
May           55.9r          -8.6              0.5   101.4            1.5            21.3
Jun           59.2r           4.3              6.0    96.9           -5.0            -4.4
Jul           63.6r           6.1              7.5   111.9           12.5            15.4
Aug           55.2r         -13.0            -13.2   117.3           10.0             4.8
Sep           63.8r         -15.0             15.5   112.4            3.3            -4.1
Oct           59.3r         -12.9             -6.9   119.9           14.2             6.7
Nov           60.5r          -1.2              2.0    99.2           -3.3           -17.2
Dec           62.2r          10.3              2.7    88.2r          -2.4           -11.1

2008

Jan           64.4            7.9              3.5    90.4          -10.0             2.5

--------------------------------------------------------------------------------------------

Table 8 (concluded)

============================================================================================
           |        FURNITURE AND FIXTURES         |      MISCELLANEOUS MANUFACTURES
Year/Month | Index | Year-on-Year | Month-on-Month | Index | Year-on-Year | Month-on-Month
           |       | Growth Rates |   Growth Rates |       | Growth Rates |   Growth Rates
--------------------------------------------------------------------------------------------

2007         151.0            9.7                    132.2            4.8

Jan          157.2           40.6             -3.6   102.4            2.5             5.4
Feb          166.4           36.0              5.9   114.4            2.8            11.7
Mar          186.0           16.2             11.7   129.3           -4.1            13.1
Apr          145.1            4.5            -22.0   112.3            5.0           -13.2
May          142.5           16.2             -1.8   139.1           -0.9            23.8
Jun          152.3            2.1              6.9   142.7           -1.5             2.6
Jul          149.9            8.8             -1.6   136.5           -3.7            -4.3
Aug          146.3            6.0             -2.4   151.7            6.3            11.1
Sep          135.6           -1.8             -7.3   144.9            1.0            -4.5
Oct          143.8            7.9              6.1   145.6           12.0             0.5
Nov          141.9            4.1             -1.3   139.0           15.4            -4.5
Dec          144.7          -11.2              2.0   128.8r          32.5            -7.4

2008

Jan          137.2          -12.7             -5.2   144.4           41.1            12.2

--------------------------------------------------------------------------------------------

Note:    r - revised due to updating of data from late responding establishments and revision of industry disaggregation.

Source:  Monthly Integrated Survey of Selected Industries (MISSI)
         Industry Statistics Division
         Industry and Trade Statistics Department
         National Statistics Office
         Republic of the Philippines

Page last updated:  March 26, 2008
Related press release | Manufacturing statistics index