Preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI) for September 1998 indicated a year-on-year decline in both production and sales in the manufacturing sector. Value and volume of production decreased by 7.8 percent and 16.4 percent, respectively, from September 1997. Sales value and volume also fell by 5.1 percent and 16.0 percent, respectively

Introduction

These results were based on the interim Monthly Integrated Survey of Selected Industries (MISSI) of the National Statistics Office with the Department of Trade and Industry which will eventually provide flash indicators on the performance of industrial enterprises such as production, sales, employment, compensation, inventory of raw materials and finished products, and capacity utilization. The MISSI is a key feature arising from a Memorandum of Understanding (MOU) forged between the two offices along with the National Statistical Coordination Board, the Federation of Philippine Industries and the Philippine Chamber of Commerce and Industry.