Value of Production Index (VaPI) for the manufacturing industry on a year-on-year basis continued to gain by 12.9 percent in May 2005, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This was brought about by the double-digit increases of nine (9) major sectors, as follows: petroleum products, publishing and printing, furniture and fixtures, transport equipment, basic metals, tobacco, textile, chemical products and non-metallic mineral products.Refer to Tables 1-A and 1.

Meanwhile, VaPI on a monthly basis continued to increase at slower rate by 1.8 percent in May 2005. The notable growth of the two (2) major sectors, machinery excluding electrical and tobacco attributed to the positive increase, followed by basic metals, leather products, petroleum products and wood and wood products.Refer to Tables 1-A and 1.

Volume of Production Index (VoPI) on a year-on-year basis gained by 5.4 percent in May 2005. The six (6) major sectors that reported significant increases in output were the following: furniture and fixtures, transport equipment, publishing and printing, textile, petroleum products and basic metals. Refer to Tables 2 and 1-B.

On a month-on-month basis, VoPI in May 2005 continued to grow by 3.6 percent. Sectors with double digit increases were machinery excluding electrical, tobacco, basic metals, leather products, petroleum products and wood and wood products. Refer to Tables 2 and 1-B.

Value of Net Sales in May 2005 continued to rise by 10.5 percent compared to a year ago figure. Major sectors that significantly posted double-digit increases were the following: non-metallic mineral products, transport equipment, petroleum products, basic metals, furniture and fixtures, paper and paper products, publishing and printing, beverage and textile. Refer to Tables 2-A and 3.

On the other hand, Value of Net Sales on a month-on-month basis dropped by 0.9 percent compared to the previous month. Sectors that contributed to the decrease were furniture and fixtures, electrical machinery, rubber products, chemical products, food manufacturing and publishing and printing.Refer to Tables 2-A and 3.

Volume of Net Sales on a year-on-year basis increased by 1.0 percent in May 2005. Sectors that reported significant demand of its products were transport equipment, non-metallic mineral products, furniture and fixtures, paper and paper products, beverage and basic metals.Refer to Tables 2-B and 4.

Likewise, Volume of Net Sales on a monthly basis registered a positive growth of 0.1 percent. Wood and wood products, leather products, fabricated metal products and machinery excluding electrical sectors reported increases in sales.Refer to Tables 2-B and 4.

In May 2005, Producer's Price Index (PPI) for total manufacturing rose by 7.2 percent compared to a year ago figure. Major sectors that showed significant increases in the PPI were petroleum products, tobacco, basic metals, chemical products, machinery excluding electrical, and publishing and printing. Refer to Table 5..

However, PPI on a month-on-month basis fell by 1.8 percent in May 2005. Nine (9) major sectors reported drops in the PPI, led by fabricated metal products and electrical machinery. Refer to Table 5.

Average capacity utilization in May 2005 for total manufacturing was estimated at 80.1 percent. Major sectors with more than 80% capacity utilization rates were the following: machinery excluding electrical, electrical machinery, petroleum products, paper and paper products, miscellaneous manufacture, basic metals, rubber products, leather products, food manufacturing and chemical products.Refer to Table 6..

In May 2005, the proportion of establishments that operated at full capacity (90%-100%) was 14.4 percent. More than half or 53.1 percent of the establishments operated at 70%-89% capacity and 32.5 percent of the establishments operated below 70% capacity.

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

The response rate for May 2005 is 88.5 percent, which corresponds to the retrieval of 461 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, April 2005 - May 2005
(1994 =100)

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