Home / Knowledge / News / Textiles / Value of production maintains positive growth in June
Value of production maintains positive growth in June
27
Aug '08
Value of Production Index (VaPI) for the manufacturing industry recorded a year-on-year growth of 9.3 percent in June 2008, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI).

Major sectors accounted for the significant growth in production, namely: leather products, chemical products (excluding plastic products), petroleum products, footwear and wearing apparel.

On a monthly basis, VaPI posted a slower growth of 2.4 percent in June 2008. Major sectors exhibited two-digit increases in production values, namely: chemical products (excluding plastic products), and petroleum products.

Volume of Production grows at a slower rate:
Likewise, Volume of Production Index (VoPI) recorded a year-on-year growth of 5.1 percent in June 2008. Significant expansions in factory output were noted in the following major sectors: leather products, footwear and wearing apparel, chemical products (excluding plastic products).

On a month-on-month basis, however, VoPI climbed by 0.8 percent in June 2008. The increments reported by sectors were not sizeable enough to offset the decreases registered in production volume by 12 industry groups.

Value of Net Sales expands further in June 2008:
Value of Net Sales Index (VaNSI), on a year-on-year basis, reflected an increment of 8.5 percent in June 2008. This maybe due to the higher sales performance of sectors, with two-digit increases reported by the following: petroleum products (30.5%) and leather products (19.2%).

Capacity Utilization:
Average capacity utilization in June 2008 for total manufacturing was estimated at 80.9 percent. Major sectors that registered more than 80% capacity utilization rates were the following: petroleum products, footwear and wearing apparel, leather products, chemical products (excluding plastic products) and miscellaneous manufactures.

The proportion of establishments that operated at full capacity (90% to 100%) was 10.5 percent in June 2008. More than half or 59.5 percent of the establishments operated at 70% to 89% capacity while 30.0 percent of the establishments operated below 70% capacity.

Response Rates:
The response rates for the June 2008 MISSI and PPS are 91.3 percent and 96.4 percent, respectively.

National Statistics Office Philippines

Must ReadView All

Apparel/Garments | On 28th Apr 2017

Continue existing Duty Drawback, ROSL scheme post GST: TEA

Tiruppur Exporters' Association (TEA) has made requisitions to...

Apparel/Garments | On 28th Apr 2017

Deckers Brands starts review of strategic alternatives

Deckers Brands, a global leader in designing, marketing and...

Courtesy: Adidas

Apparel/Garments | On 28th Apr 2017

Adidas, Siemens initiate joint research programme

Adidas and Siemens are initiating a joint research programme for...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X