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Three-digit growth in leather goods production
26 Jul '06
2 min read
National Statistics Office of Philippines releases the Volume of Production Index (VoPI), Year-on-Year and Month-on-Month Growth Rates for Manufacturing Sector.
Value of Production Index (VaPI) for the manufacturing industry on a yearly basis went up by 8.5 percent in May 2006 compared with the year-ago figure, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI).
This was brought about by the three-digit growth in production of leather products with 127.6 percent. Petroleum products and textiles manufacturing posted two-digit increases in May 2006.
On a month-on-month basis, VaPI also picked up by 9.0 percent in May 2006.
Volume of Production Index (VoPI) drops slightly
Sectors that mainly influenced the decrease were the following: machinery excluding electrical, footwear and wearing apparel. Leather products manufacturing registered two-digit growth.
Value of Net Sales also recovers
Value of Net Sales reflected a year-on-year increment of 7.7 percent in May 2006 compared to the previous month?s (revised) decrease of 2.2 percent. Leather products led other major sectors with a significant growth of 122.6 percent.
Producer Price Index (PPI) continues to increase
Producer Price Index (PPI) of manufacturing sector maintained its two-digit growth at 14.7 percent in May 2006. Price increments were reported by eighteen (18) major sectors, with two-digit increasesin the leather products, petroleum products, footwear and wearing apparel.
Average capacity utilization in May 2006 for total manufacturing was estimated at 80.3 percent.
Value of Production Index (VaPI) for the manufacturing industry on a yearly basis went up by 8.5 percent in May 2006 compared with the year-ago figure, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI).
This was brought about by the three-digit growth in production of leather products with 127.6 percent. Petroleum products and textiles manufacturing posted two-digit increases in May 2006.
On a month-on-month basis, VaPI also picked up by 9.0 percent in May 2006.
Volume of Production Index (VoPI) drops slightly
Sectors that mainly influenced the decrease were the following: machinery excluding electrical, footwear and wearing apparel. Leather products manufacturing registered two-digit growth.
Value of Net Sales also recovers
Value of Net Sales reflected a year-on-year increment of 7.7 percent in May 2006 compared to the previous month?s (revised) decrease of 2.2 percent. Leather products led other major sectors with a significant growth of 122.6 percent.
Producer Price Index (PPI) continues to increase
Producer Price Index (PPI) of manufacturing sector maintained its two-digit growth at 14.7 percent in May 2006. Price increments were reported by eighteen (18) major sectors, with two-digit increasesin the leather products, petroleum products, footwear and wearing apparel.
Average capacity utilization in May 2006 for total manufacturing was estimated at 80.3 percent.
National Statistics Office Philippines
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