Table 4   Volume of Net Sales, Year-on-Year and Month-on-Month Growth Rates for Manufacturing Sector
          January 2007 - December 2007

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

2007                      -1.8               0.4                 -5.2              -0.4                 11.9                 3.5

Jan                        7.3              -7.1                 17.9             -16.2                 -1.0               -22.8
Feb                       -0.9              -6.4                 -7.0             -16.5                -14.8                -0.3
Mar                        1.5              14.5                  0.1              14.9                 -7.4                18.2
Apr                       -0.5              -7.9                 -4.7              -9.8                  2.4                -4.1
May                       -1.4               5.5                 -4.8               1.9                 14.0                11.7
Jun                        0.1               2.4                 -4.8               3.2                 16.2                 5.0
Jul                        3.4              -1.4                  7.6              -1.0                 33.3               -10.9
Aug                       -0.6              -0.4                 -0.9               3.3                 18.1                -0.6
Sep                       -9.1               2.4                -12.4               0.5                 13.2                 9.6
Oct                       -8.9               2.4                -17.5               2.9                 17.3                -1.0
Nov                      -14.0              -5.7                -20.9               2.7                 16.3                -4.0
Dec                        2.0               6.9                -15.0               9.4                 35.0                41.3

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

Table 4 (continued)

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

2007                       2.0              -1.4                -21.8              -1.8                 -2.4                -0.2

Jan                      -28.3             -32.6                 -3.8              -0.7                108.8                44.0
Feb                       -2.9               1.6                -20.9               4.2                 14.5               -40.2
Mar                        1.6              27.9                -23.2              -0.1                -16.9               -12.7
Apr                        2.3              -9.0                -20.8              -9.1                -10.9                -9.1
May                       16.0              20.6                -30.5               2.2                -28.3                 4.7
Jun                       24.1               0.6                -30.8              -6.8                 -9.0                12.4
Jul                       17.6              -3.3                -18.7               5.6                -11.6                -2.2
Aug                       17.0               2.6                -23.0              -0.2                -18.1                 0.3
Sep                        1.9              -8.5                -26.0              -9.6                 -5.6                 0.1
Oct                        7.1               5.9                 -7.2              15.8                 -0.2                 8.8
Nov                       -1.2              -9.3                -32.8             -22.3                -15.5                -7.5
Dec                      -30.8             -13.1                -23.7              -0.6                -36.3                -1.3

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

Table 4 (continued)

====================================================================================================================================
                |       WOOD AND WOOD PRODUCTS      |          FURNITURE AND FIXTURES      |        PAPER AND PAPER PRODUCTS
 Year/Month     | Year-on-Year  |  Month-on-Month   |    Year-on-Year  |  Month-on-Month   |    Year-on-Year  |    Month-on-Month
                | Growth Rates  |   Growth Rates    |    Growth Rates  |   Growth Rates    |    Growth Rates  |     Growth Rates
------------------------------------------------------------------------------------------------------------------------------------

2007                      18.9               0.9                 22.7               3.0                  2.7                 1.1

Jan                       13.0             -12.1                  9.4              -8.0                  3.7                20.4
Feb                       28.7               3.5                 14.2               8.1                  4.7                -2.7
Mar                       -5.9              -0.2                  0.6              24.4                  6.6                 2.5
Apr                       26.4              13.8                  4.4             -25.1                 16.2                -1.1
May                        9.5              -1.9                 15.8               4.4                 -4.9                -8.2
Jun                       30.0              10.6                 10.2               5.9                -11.5                 9.3
Jul                        9.3              -4.4                 45.4              20.3                 -9.4                -6.3
Aug                       18.1               3.7                 13.3             -16.1                 -1.6                 3.0
Sep                        8.7             -10.5                 10.8               5.0                 10.8                10.8
Oct                       26.0               1.6                 30.3              -3.7                  9.8                 1.9
Nov                       39.3              -2.2                 76.1             -10.4                 -2.0                -8.2
Dec                       23.5               9.4                 41.5              31.5                  9.8                -8.7

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

Table 4 (continued)

====================================================================================================================================
                |     PUBLISHING AND PRINTING       |           LEATHER PRODUCTS           |            RUBBER PRODUCTS
 Year/Month     | Year-on-Year  |  Month-on-Month   |    Year-on-Year  |  Month-on-Month   |    Year-on-Year  |    Month-on-Month
                | Growth Rates  |   Growth Rates    |    Growth Rates  |   Growth Rates    |    Growth Rates  |     Growth Rates
------------------------------------------------------------------------------------------------------------------------------------

2007                       3.4              -0.9                -56.4               1.5                  7.3                 0.7

Jan                      -12.0             -31.4                 -9.5              -5.0                  7.5                38.7
Feb                       -2.6              -3.2                -23.1              -0.4                  5.3                -9.9
Mar                      -19.0               3.4                -71.9              11.5                 12.6                10.8
Apr                       -8.5              -1.8                -77.9             -25.6                 49.3                -3.6
May                        2.9              19.8                -71.4              18.2                 28.9                -5.5
Jun                       -7.8              -7.9                -60.5              -2.2                 15.5                11.4
Jul                       -1.1               6.5                -65.9              14.6                  2.1                -2.7
Aug                       12.2               8.2                -61.5              -7.6                 -9.8               -13.4
Sep                       14.0              -0.2                -52.3              21.9                 -4.4                 0.4
Oct                       18.8              15.3                -46.9              -6.8                 -4.9                -1.9
Nov                       12.3             -33.4                -63.8              -0.7                -10.4               -15.0
Dec                       31.1              14.0                -72.6              -0.3                 -4.6                -1.4

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

Table 4 (continued)

====================================================================================================================================
                |        CHEMICAL PRODUCTS          |         PETROLEUM PRODUCTS           |      NON-METALLIC MINERAL PRODUCTS
 Year/Month     | Year-on-Year  |  Month-on-Month   |    Year-on-Year  |  Month-on-Month   |    Year-on-Year  |    Month-on-Month
                | Growth Rates  |   Growth Rates    |    Growth Rates  |   Growth Rates    |    Growth Rates  |     Growth Rates
------------------------------------------------------------------------------------------------------------------------------------

2007                       6.1               0.9                  1.1               1.0                  9.0                 0.0

Jan                        3.3             -14.3                -12.8               2.3                  1.4                -2.6
Feb                       12.6               4.7                -12.4             -10.1                 28.2                 9.8
Mar                        7.9              11.1                  7.1              12.8                 10.0                16.5
Apr                        3.9              -5.5                 -1.0               2.0                 14.2               -12.4
May                       11.4               7.2                  5.4               4.4                  3.9                 5.6
Jun                       15.8               8.5                  9.5               3.2                 -2.6                -1.3
Jul                       -5.9             -15.5                  9.4              -1.7                 29.5                -6.0
Aug                       11.3               4.2                  0.9              -7.1                  7.1                -3.4
Sep                        9.8               2.9                 -7.4              -3.4                  7.0                 3.3
Oct                       -4.3              -3.7                  5.3               8.5                  1.1                -1.9
Nov                        2.0              -1.1                  1.4              -4.6                  1.3                -7.7
Dec                        5.2              12.1                  7.7               5.3                  7.0                 0.5

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

Table 4 (continued)

====================================================================================================================================
                |    GLASS AND GLASS PRODUCTS f/    |              CEMENT f/               |  MISC. NON-METALLIC MINERAL PRODUCTS f/
 Year/Month     | Year-on-Year  |  Month-on-Month   |    Year-on-Year  |  Month-on-Month   |    Year-on-Year  |    Month-on-Month
                | Growth Rates  |   Growth Rates    |    Growth Rates  |   Growth Rates    |    Growth Rates  |     Growth Rates
------------------------------------------------------------------------------------------------------------------------------------

2007                       2.3               3.3                  8.8               0.4                 40.6                -0.6

Jan                       -8.5              22.0                  2.8              -7.0                 24.8                 2.7
Feb                        1.7             -17.8                 35.5              17.5                 31.0                12.2
Mar                      -22.6              -8.5                 18.5              19.0                 15.4                29.4
Apr                        5.6             -12.5                 15.8             -11.1                 40.4               -16.4
May                       -5.9              35.7                  5.2               1.0                 32.8                 0.7
Jun                      -16.8              -5.4                 -1.5              -4.8                 55.4                17.6
Jul                       53.3               3.6                 23.9              -2.9                 67.3               -24.2
Aug                      -14.8             -17.2                 13.8              -4.6                 37.7                19.5
Sep                      -24.8               7.4                 16.1               1.7                 69.1                 5.2
Oct                       13.7              33.8                  3.0              -8.8                 51.7                -5.0
Nov                       12.3              22.9                -18.8             -11.0                 43.2               -24.6
Dec                       34.2             -24.2                 -8.2              16.0                 18.8               -24.4

------------------------------------------------------------------------------------------------------------------------------------
f/ - Subsector of Non-metallic Mineral Products

Table 4 (continued)

====================================================================================================================================
                |          BASIC METALS             |           IRON AND STEEL g/          |          NON-FERROUS METALS g/
 Year/Month     | Year-on-Year  |  Month-on-Month   |    Year-on-Year  |  Month-on-Month   |    Year-on-Year  |    Month-on-Month
                | Growth Rates  |   Growth Rates    |    Growth Rates  |   Growth Rates    |    Growth Rates  |     Growth Rates
------------------------------------------------------------------------------------------------------------------------------------

2007                     -16.5               1.5                  7.4               4.2                -24.6                 2.2

Jan                       25.4             -12.1                 57.0              19.5                 12.8               -18.0
Feb                       -0.4             -14.9                 49.4              -8.8                -16.1               -19.0
Mar                       21.6              47.2                 56.1              61.0                  3.9                34.8
Apr                      -13.4             -28.4                  3.6             -49.7                -18.4               -13.1
May                      -27.1              14.3                 -8.4              48.1                -34.5                -1.0
Jun                      -37.2             -20.0                 -8.8              -4.9                -50.9               -29.8
Jul                      -29.4              20.8                -13.9             -18.2                -33.6                59.5
Aug                      -24.5              -7.8                -13.8              -0.1                -27.9               -11.4
Sep                      -22.2               1.4                 -5.3              17.9                -28.5                -8.6
Oct                      -33.7              -3.8                -18.6             -12.9                -38.0                 2.5
Nov                      -45.5             -18.5                -16.4             -12.1                -24.1               -22.1
Dec                      -11.6              40.1                  7.4              10.5                -40.3                53.1

------------------------------------------------------------------------------------------------------------------------------------
g/ - Subsector of Basic Metals

Table 4 (continued)

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

2007                       5.2               0.9                -13.7               1.9                 -9.7                -0.2

Jan                        1/               -3.9                -37.3              16.2                  0.6                -8.2
Feb                       45.5              26.4                -33.8              -7.5                 -5.5                -4.6
Mar                        2.1               2.1                -29.5              15.1                 -6.7                13.8
Apr                       13.6              -7.1                -27.6             -11.1                 -4.7                -1.9
May                       13.1               9.0                -26.3               3.1                 -8.2                -5.5
Jun                       22.8              -2.0                -18.1               1.1                -12.4                 4.4
Jul                        0.8              -2.3                -19.1               5.7                 -4.4                -0.2
Aug                       -9.1               6.2                -19.3              -2.4                -15.3                -2.2
Sep                       -7.0             -10.7                 -5.3              -0.2                 -6.5                14.9
Oct                       19.0              12.5                 12.0              12.8                 -9.9                -3.1
Nov                      -21.5              -0.3                  9.8             -11.2                -23.6                -8.6
Dec                      -22.4             -19.6                 29.9               1.1                -19.8                -1.2

------------------------------------------------------------------------------------------------------------------------------------
1/ - Less than 0.1 percent increase

Table 4 (concluded)

===========================================================================================
                |       TRANSPORT EQUIPMENT         |      MISCELLANEOUS MANUFACTURES
 Year/Month     | Year-on-Year  |  Month-on-Month   |    Year-on-Year  |  Month-on-Month
                | Growth Rates  |   Growth Rates    |    Growth Rates  |   Growth Rates
-------------------------------------------------------------------------------------------

2007                      18.8               1.8                 13.8               3.3

Jan                       -7.9              -6.8                 28.5              -4.4
Feb                        8.2               3.6                -12.3              -8.5
Mar                       19.1              10.2                 -3.5              52.9
Apr                       20.3             -20.3                  8.3             -18.9
May                       11.8              17.8                  8.7              15.8
Jun                       16.7              -1.4                 21.4              17.1
Jul                       20.8               8.8                 14.3              -7.9
Aug                       20.5               3.0                 15.6              -4.3
Sep                       23.9               8.1                 14.0               4.0
Oct                       33.0               7.0                 21.3               2.6
Nov                       29.4             -12.3                 11.9               8.4
Dec                       29.6               4.2                 36.9             -17.4

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

Note:  r - revised due to updating of data from late responding establishments

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:  June 25,, 2008

Related press release | Manufacturing statistics index