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Value of Production Index of Manufacturing Industry
Increases by 38.2 Percent in January 2010
(Posted 15 April 2010)

Based on the latest preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI) conducted by the National Statistics Office (NSO), the Value of Production Index (VaPI) of the manufacturing industry went up by 38.2 percent in January 2010 compared with the index in January 2009.   Four sectors registered growth rates of more than 50 percent with petroleum products and electrical machinery topping the list at 316.4 percent and 94.1 percent growth, respectively, followed by basic metals at 69.6 percent and machinery except electrical at 54.7 percent.  Eleven other sectors posted year-on-year growth rates of more than 10 percent during the period: wood and wood products at 28.1 percent, followed by miscellaneous manufactures at 28.0 percent, transport equipment at 27.8 percent, non-metallic mineral products at 23.7 percent, rubber and plastic products at 18.4 percent, tobacco products at 15.9 percent, leather products at 14.6 percent, fabricated metal products at 14.2 percent, chemical products at 13.3 percent, food manufacturing at 11.1 percent, and publishing and printing at 10.7 percent.  On the other hand, the furniture and fixtures sector posted a decline of 30.8 percent.

Meanwhile, the Volume of Production Index (VoPI) exhibited a year-on-year growth rate of 39.3 percent in January 2010 compared to -29.3 percent during the same month in 2009.  Year-on-year growth rates of more than 100 percent were registered in petroleum products at 208.9 percent, and electrical machinery at 112.6 percent while two-digit growth rates were recorded in machinery except electrical and basic metals both with 65.2 percent, miscellaneous manufactures with 39.7 percent, fabricated metal products with 30.7 percent, transport equipment with 30.6 percent, wood and wood products with 28.1 percent, non-metallic mineral products with 25.2 percent, chemical products with 18.2 percent, leather products with 13.6 percent, and food manufacturing with 11.8 percent.  On the other hand, textiles sector exhibited a year-on-year decline of 10.0 percent.

The MISSI is a designated statistical activity under Executive Order 352, Designation of Statistical Activities That Will Generate Critical Data for Decision-Making of the Government and the Private Sector, issued in July 1996.  Per EO, preliminary results of the MISSI should be made available 45 days after the reference month.  The NSO released the January 2010 data on March 25, 2010 as scheduled on its Advance Release Calendar but 8 days delayed as per EO 352.

For further inquiries on the MISSI, please contact Ms. Dulce A. Regala, Officer-in-Charge of the Industry Statistics Division, at telephone number 713-7067 and email address D.Regala@census.gov. ph.

 

Links to data sources:
http://www.census.gov.ph/data/sectordata/2010/sk100115.htm
http://www.census.gov.ph/data/sectordata/2010/sk100116.htm
http://www.census.gov.ph/data/pressrelease/2010/sk1001tx.html

 

what-iS-TAT? *

An industry is a set of all production units engaged primarily in the same or similar kinds of productive economic activities.  Firms engaging in multiple activities are classified under PSIC based on their primary activity, which is the highest value added activity relative to other activities.

The MISSI adopts the 1994 Philippine Standard Industrial Classification (PSIC) as amended in 2002.  Recently, the NSCB Executive Board has approved the 2009 PSIC in its February 10, 2010 meeting thru NSCB Resolution No. 2 Series of 2010.  The online database of 2009 PSIC will be made available at the NSCB web on April 15, 2010.

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* what-iS-TAT? box contains snippets of official concepts and definitions, related surveys, censuses and administrative-based record systems, standards and classification systems, statistical laws and other legal provisions, NSCB Board Resolutions, and other related information on statistics.

 

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