Value of Production Index (VaPI) for the manufacturing industry on a year-on-year basis continued to grow by 11.7 percent in April 2005, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Significant growth was brought about by ten (10) major sectors: transport equipment, furniture and fixtures, petroleum, non-metallic mineral products, publishing and printing, chemical products, miscellaneous manufacture, rubber products, textile and food manufacturing.Refer to Tables 1-A and 1.

On a month-on-month basis, VaPI increased by 5.0 percent in April 2005. A notable increase was posted by tobacco followed by petroleum products, electrical machinery and fabricated metal products.Refer to Tables 1-A and 1.

Volume of Production Index (VoPI) posted a year-on-year increase of 1.0 percent in April 2005. Sectors with double-digit increases were noted in furniture and fixtures, transport equipment, non-metallic mineral products, rubber products, textile and miscellaneous manufacture. Refer to Tables 2 and 1-B.

On a month-on-month basis, VoPI in April 2005 picked up by 4.1 percent. Major sectors that significantly contributed to the growth were the following: tobacco, petroleum products, electrical machinery and fabricated mineral products. Refer to Tables 2 and 1-B.

Value of Net Sales in April 2005 posted an increment of 14.8 percent compared to a year ago figure. Major sectors that showed remarkable improvements were the following: transport equipment, furniture and fixtures, petroleum products, basic metals, paper and paper products, footwear and wearing apparel, food manufacturing, textile and non-metallic mineral products. Refer to Tables 2-A and 3.

Likewise, Value of Net Sales on a month-on-month basis went up by 4.2 percent. Double-digit increases were noted in tobacco and publishing and printing.Refer to Tables 2-A and 3.

On a year-on-year basis, Volume of Net Sales increased by 2.7 percent in April 2005. Transport equipment, furniture and fixtures, footwear and wearing apparel, paper and paper products and textile exhibited favorable performances.Refer to Tables 2-B and 4.

On the other hand, Volume of Net Sales registered a growth of 3.4 percent on a monthly basis. Tobacco and publishing and printing led all major sectors with 34.4 and 10.5 percentages, respectively.Refer to Tables 2-B and 4.

Producer's Price Index (PPI) for total manufacturing posted a year-on-year increase of 10.6 percent in April 2005. This was brought about by significant increases in the following major sectors: petroleum products, tobacco, fabricated metal products, chemical products, machinery excluding electrical, basic metals and publishing and printing. Refer to Table 5..

On a month-on-month basis, PPI for total manufacturing gained by 0.9 percent in April 2005. Sectors that contributed to the increase were machinery excluding electrical, chemical products, petroleum products, transport equipment, beverage and furniture and fixtures. Refer to Table 5.

Average capacity utilization in April 2005 for total manufacturing was estimated at 79.9 percent. Major sectors with more than 80% capacity utilization rates were the following: machinery excluding electrical, electrical machinery, petroleum products, miscellaneous manufacture, paper and paper products, rubber products, leather products, chemical products and food manufacturing.Refer to Table 6..

In April 2005, the proportion of establishments that operated at full capacity (90%-100%) was 14.7 percent. More than half or 53.3 percent of the establishments operated at 70%-89% capacity and 31.8 percent of the establishments operated below 70% capacity.

Distribution of Key Manufacturing Establishments by Capacity Utilization
Total Manufacturing, APRIL 2005
(In percent)

The response rate for April 2005 is 83.3 percent, which corresponds to the retrieval of 434 sample establishments' reports.Refer to Table 7.

Response Rates for Total Manufacturing
(In percent)

Starting 2004, weights for the Producer's Price Index (PPI) are based from the results of the 2000 Census of Philippine Business and Industry (CPBI) for establishments with average total employment (ATE) of 20 and over. Reference year for the 2000 CPBI is 1999. Refer to Press Release on Revision of 2004 PPI weights..

Data of non-responding sample establishments are estimated based on previous records and other available sources. Revisions to the preliminary estimates are done upon receipt of actual reports of late respondents.
 

(Sgd.) CARMELITA N. ERICTA                                                                                                     Administrator

TABLE 1-A. VALUE OF PRODUCTION INDEX, March 2005 - April 2005
(1994 =100)

TABLE 1-A. VALUE OF PRODUCTION INDEX, March 2005 - April 2005
(concluded)
(1994=100)