The Value of Production Index (VaPI) of the manufacturing industry went up by 18.7 percent in May 2010 compared with the index in May 2009 based on the latest preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI) conducted by the National Statistics Office (NSO).   Six out of 20 identified key industries in the manufacturing sector registered year-on-year growth rates of more than 30 percent with petroleum products posting the highest rate of growth at 75.2 percent, followed by electrical machinery at 40.0 percent, transport equipment at 38.6 percent, machinery except electrical at 33.8 percent, paper and paper products at 33.7 percent and miscellaneous manufactures at 32.1 percent.  Five other sectors registered year-on-year growth rates of more than 10 percent during the period: wood and wood products at 29.1 percent, basic metals at 28.1 percent, leather products at 22.2 percent, beverages at 15.5 percent, and rubber and plastic products at 15.1 percent.  On the other hand, four out of the 20 major manufacturing industries experienced year-on-year declines with footwear and wearing apparel sector contracting by 38.2 percent, followed by tobacco products at 31.3 percent, publishing and printing at 12.4 percent, and chemical products at 5.0 percent.

Meanwhile, the Volume of Production Index (VoPI) posted a year-on-year growth rate of 25.5 percent in May 2010 compared with the negative 15.1 percent during the same month in 2009.  Year-on-year growth rates of more than 50 percent were registered in electrical machinery at 66.4 percent, machinery except electrical at 65.0 percent, and petroleum products at 53.7 percent.  Other industries which also posted double-digit growth but lower than 50 percent include: miscellaneous manufactures at 41.3 percent, transport equipment at 39.5 percent, paper and paper products at 35.2 percent, wood and wood products at 29.1 percent, furniture and fixtures at 28.1 percent, basic metals at 23.5 percent, and leather products at 12.5 percent.  On the other hand, footwear and wearing apparel, tobacco products, publishing and printing, and chemical products all exhibited year-on-year declines of 44.1 percent, 33.4 percent, 15.4 percent and 3.5 percent, respectively.

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 May 2010 data on July 27, 2010 as scheduled on its Advance Release Calendar but 12 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.

Link to data sources:
http://www.census.gov.ph/data/pressrelease/2010/sk1005tx.html

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