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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


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