Value of Production Index (VaPI) for the manufacturing industry grew by 20.4 percent in August 2005 compared with a year-ago figure, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Sectors observed to have boosted production were the following: petroleum products, chemical products, furniture and fixtures, textiles, non-metallic mineral products, tobacco, food manufacturing, fabricated metal products and miscellaneous manufactures.Refer to Tables 1-A and 1.

On a monthly basis, VaPI increased at a slower rate of 2.1 percent in August 2005 primarily due to the improved performances of publishing and printing and textiles sectors.Refer to Tables 1-A and 1.

In August 2005, Volume of Production Index (VoPI) on a year-on-year basis climbed by 7.3 percent. Thirteen (13) of the 20 major sectors reported increases in factory output, with double-digit growth observed in the following: chemical products, furniture and fixtures, textiles, fabricated metal products, petroleum products, food manufacturing, non-metallic mineral products, footwear and wearing apparel and tobacco. Refer to Tables 2 and 1-B.

On a month-on-month comparison, VoPI also reflected an increment of 2.1 percent in August 2005. Double-digit increments were reported in two (2) sectors, namely: textiles and publishing and printing. Refer to Tables 2 and 1-B.

Value of Net Sales in August 2005 continued to pick up at 13.9 percent on a year-on-year basis. Thirteen (13) sectors that reported significant expansion in sales were the following: tobacco, furniture and fixtures, publishing and printing, fabricated metal products, petroleum products, non-metallic mineral products, basic metals, leather products, chemical products, rubber products, food manufacturing, electrical machinery and footwear and wearing apparel. Refer to Tables 2-A and 3.

On a month-on-month basis, Value of Net Sales recovered with a 2.8 percent growth in August 2005 from its (revised) 1.7 percent drop in July 2005. Significant increases were noted in the following sectors: textiles, fabricated metal products, footwear and wearing apparel and tobacco. Refer to Tables 2-A and 3.

On a yearly basis, Net Sales Volume stepped up by 3.8 percent in August 2005 compared to the previous month's (revised) decrease of 3.5 percent. Major sectors that contributed to the growth were furniture and fixtures, tobacco, fabricated metal products, publishing and printing, footwear and wearing apparel, non-metallic metal products, rubber products and transport equipment. Refer to Tables 2-B and 4.

On a monthly basis, Volume of Net Sales rose to 2.4 percent in August 2005. Sectors that reported large demands were textiles, fabricated metal products, footwear and wearing apparel and tobacco. Refer to Tables 2-B and 4.

Producer's Price Index (PPI) for manufacturing in August 2005 accelerated by 12.2 percent compared to its year-ago figure. This was brought about by the two-digit price increases in the following sectors: petroleum products, machinery excluding electrical, electrical machinery, basic metals and publishing and printing. Refer to Table 5.

PPI on a monthly comparison managed to grow at 0.1 percent in August 2005. Monthly price increases were noted in the following sectors: petroleum products, non-metallic mineral products, transport equipment, basic metals, machinery excluding electrical and chemical products. Refer to Table 5.

Average capacity utilization in August 2005 for total manufacturing was estimated at 80.3 percent. Sectors that registered more than 80% capacity utilization rates were the following: machinery excluding electrical, petroleum products, paper and paper products, electrical machinery, leather products, miscellaneous manufactures, basic metals, rubber products, chemical products, food manufacturing and textiles. Refer to Table 6..

The proportion of establishments that operated at full capacity (90%-100%) was 12.3 percent in August 2005. More than half or 54.2 percent of the establishments operated at 70%-89% capacity and 33.5 percent of the establishments operated below 70% capacity.

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

The response rate for August 2005 is 89.4 percent, which corresponds to the retrieval of 466 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, July 2005 - August 2005
(1994 =100)

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