Wednesday, July 27, 2011

Manufacturing Value of Sales Index up at 9.2% in May

Manufacturing Value of Sales Index up at 9.2% in May

On a yearly basis, Value of Net Sales Index (VaNSI) grew 9.2 percent in May 2011. This was attributed to the two-digit growth in sales value reported by six major sectors, namely: food manufacturing, petroleum products, footwear and wearing apparel, beverages, chemical products and publishing and printing. 

VaNSI, on a month-on-month basis, recovered as it registered a growth of 4.5 percent in May 2011. This was contributed by 16 major sectors, with two-digit increases noted in the following: paper and paper products, publishing and printing, beverages and machinery except electrical. 

Average capacity utilization in May 2011 for total manufacturing stood at 83.2 percent. Eleven of the 20 major sectors registered capacity utilization rates of 80 percent and more, namely: basic metals, petroleum products, food manufacturing, non-metallic mineral products, electrical machinery, paper and paper products, chemical products, miscellaneous manufactures, rubber and plastic products, machinery except electrical and textiles

The proportion of establishments that operated at full capacity (90% to 100%) was 17.2 percent in May 2011. About 60.2 percent of the establishments operated at 70% to 89% capacity while 22.6 percent of the establishments operated below 70% capacity.

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