Value of Production Index (VaPI) for the manufacturing industry on a year-on-year basis grew by 7.2 percent in June 2005, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Eight (8) major sectors that posted double-digit increases were as follows: furniture and fixtures, petroleum products, transport equipment, tobacco, basic metals, textile, miscellaneous manufacture and food manufacturing.Refer to Tables 1-A and 1.

On a monthly basis, VaPI decreased by 0.9 percent in June 2005. Sectors which significantly contributed to the decline were publishing and printing and basic metals.Refer to Tables 1-A and 1.

Volume of Production Index (VoPI) on a year-on-year basis dropped by 0.1 percent in June 2005. Sectors that posted double-digit decreases were the following: machinery excluding electrical, leather products, wood and wood products and publishing and printing. Refer to Tables 2 and 1-B.

On a month-on-month basis, VoPI in June 2005 slipped by 1.2 percent. Major sectors that registered significant decreases in output were publishing and printing and basic metals. Refer to Tables 2 and 1-B.

Value of Net Sales in June 2005 increased by 9.6 percent compared to a year ago figure. Major sectors that significantly posted double-digit increases were the following: petroleum products, transport equipment, paper and paper products, non-metallic mineral products, basic metals, furniture and fixtures and footwear and wearing apparel. Refer to Tables 2-A and 3.

Similarly, Value of Net Sales on a month-on-month basis climbed by 3.1 percent in June 2005. Sectors that significantly contributed to the double-digit increases were tobacco, footwear and wearing apparel, leather products, petroleum products, and miscellaneous manufactures.Refer to Tables 2-A and 3.

Volume of Net Sales on a year-on-year basis increased by a mere 0.9 percent in June 2005. Sectors that reported increased demand of its products were transport equipment, footwear and wearing apparel, paper and paper products, furniture and fixture, non-metallic mineral products and petroleum products.Refer to Tables 2-B and 4.

Likewise, Volume of Net Sales on a monthly basis stepped up by 2.6 percent. Tobacco, footwear and wearing apparel, leather products and petroleum products were the sectors that reported double-digit increases in sales.Refer to Tables 2-B and 4.

In June 2005, Producer's Price Index (PPI) for total manufacturing increased by 7.3 percent compared to a year ago figure. Sectors that reflected double-digit increases were petroleum products, tobacco, basic metals, chemical products, machinery excluding electrical and publishing and printing. Refer to Table 5.

Likewise, PPI on a monthly basis went up by 0.4 percent in June 2005. Increments were observed in eleven (11) major sectors. These are beverage, petroleum products, miscellaneous manufactures, textile, furniture and fixtures, food manufacturing, chemical products, machinery excluding electrical, leather products, electrical machinery and wood and wood products.Refer to Table 5.

Average capacity utilization in June 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, paper and paper products, electrical machinery, petroleum products, miscellaneous manufacture, leather products, basic metals, rubber products, chemical products and food manufacturing.Refer to Table 6..

In June 2005, the proportion of establishments that operated at full capacity (90%-100%) was 12.5 percent. More than half or 54.1 percent of the establishments operated at 70%-89% capacity and 33.4 percent of the establishments operated below 70% capacity.

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

The response rate for June 2005 is 89.1 percent, which corresponds to the retrieval of 464 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, May 2005 - June 2005
(1994 =100)

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