Factory output rebounds to 10.3 percent in April


Philippine factory output as measured by Volume of Production index (VoPi), rebounded as it registered a two-digit year-on-year increase of 10.3 percent in April 2013, according to the results of the Monthly Integrated Survey of Selected Industries (Missi) released by the National Statistics Office (NSO).

It said that five of the nine major sectors exhibited two-digit growth in production output—basic metals, chemical products, machinery except electrical, food manufacturing and electrical machinery.

The survey added that VoPI posted a decline of 1 percent in April, noting that seven major sectors recorded decreases in volume of production, offsetting the increases reported by 13 major sectors.

On the other hand, the survey also showed that total manufacturing industry expanded in April 2013.

The Value of Production Index (VaPI) grew by 0.9 percent in April 2013 from a negative rate of 9.3 percent the previous month.

The survey attributed the expansion to nine major sectors—basic metals, chemical products, electrical machinery and machinery, except electrical.

However, the VaPI’s month-on-month performance fell by 0.7 percent in April 2013 compared with previous month’s 2.3 percent, because of the decreases in production values of six major sectors.

Meanwhile, the survey further said that the average capacity utilization in April for total manufacturing remained at 82.9 percent.

The Missi report mentioned that 50 percent of the 20 major sectors registered capacity utilization rates of 80 percent.

This was led by basic metals; petroleum products; nonmetallic mineral products; food manufacturing; electrical machinery; machinery except electrical; chemical products; rubber and plastic products; paper and paper products; and wood and wood products.

The survey added that the proportion of establishments that operated at full capacity was recorded at 22.3 percent in April, and about 54.9 percent of the establishments operated at a 70-percent to 89-percent capacity, while 22.8 percent of the establishments operated at below 70-percent capacity.

In addition, the Volume of Net Sales Index, or VoNSI, grew at a faster rate registering 17.7 percent in April 2013. Month-on-month, it registered a slower growth of 4.5 percent.

Lastly, the survey observed that the Value of Net Sales Index (VaNSI) gained as it posted an annual increment of 7.6 percent in April 2013, from a negative rate since January 2013.

Month-on-month, VaNSI also increased registering a 4.8-percent growth.

Mayvelin U. Caraballo


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