|
Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index
April 2019, March 2019 and April 2018
|
|||
|---|---|---|---|
|
TOTAL MANUFACTURING |
April
2019
|
March
2019
|
April
2018
|
|
Producer Price Index (2000=100) |
138.7 |
139.2 r |
133.6 |
|
Year-on-Year Growth (%) |
3.8 |
4.5 |
0.7 |
|
Month-on-Month Growth (%) |
-0.4 |
0.3 |
0.4 |
- Producer Price Index increases in April 2019
The Producer Price Index (PPI, 2000=100) for manufacturing continued to grow at an annual rate of 3.8 percent in April 2019. In March 2019, the annual growth rate was higher at 4.5 percent while lower in April 2018 at 0.7 percent compared with the PPI in April 2019. The increment can be attributed to the increases in the indices of 12 out of 20 major industry groups led by furniture and fixtures with an annual growth of 56.4 percent. The remaining eight industry groups led by basic metals with negative annual growth rate of 8.7 percent, posted single-digit decreases. Refer to Tables 1 and A-1.
Month-on-month, PPI descended by 0.4 percent in April 2019 compared with the previous month’s monthly rate of 0.3 percent. Fourteen major industry groups recorded negative growths led by wood and wood products with monthly growth rate of negative 2.8 percent. Moreover, PPI for three major industry groups posted monthly increments while three major industry groups remained the same. Refer to Tables 1 and A-2.
|
MAJOR INDUSTRY GROUP |
||
| April 2019 |
March 2019
(revised)
|
|
|
Gainers |
|
|
|
Transport Equipment |
5.0 |
4.8 |
|
Non-Metallic Mineral Products |
9.5 |
10.3 |
|
Furniture & Fixtures |
56.4 |
55.0 |
|
Rubber & Plastic Products |
5.7 |
5.9 |
|
Tobacco Products |
5.3 |
5.2 |
|
Machinery Except Electrical |
2.3 |
1.0 |
|
Beverages |
2.5 |
2.6 |
|
Fabricated Metal Products |
3.1 |
6.1 |
|
Paper & Paper Products |
3.6 |
5.1 |
|
Electrical Machinery |
0.3 |
1.5 |
|
Printing |
2.3 |
2.3 |
|
Leather Products |
2.0 |
4.6 |
|
Losers |
|
|
|
Food Manufacturing |
-4.0 |
-3.6 |
|
Basic Metals |
-8.0 |
-4.4 |
|
Chemical Products |
-5.0 |
-5.1 |
|
Petroleum Products |
-1.1 |
5.0 |
|
Miscellaneous Manufactures |
-6.7 |
-4.9 |
|
Wood & Wood Products |
-5.3 |
-1.8 |
|
Footwear & Wearing Apparel |
-2.0 |
-1.6 |
|
Textiles |
-3.5 |
-3.3 |
|
MAJOR INDUSTRY GROUP |
||
| April 2019 |
March 2019
(revised)
|
|
|
Gainers |
|
|
|
Machinery Except Electrical |
0.7 |
-0.8 |
|
Transport Equipment |
a/ |
1.0 |
|
Furniture & Fixtures |
a/ |
-0.2 |
|
Tobacco Products |
0.0 |
0.0 |
|
Printing |
0.0 |
0.0 |
|
Beverages |
0.0 |
0.0 |
| Losers |
|
|
|
Electrical Machinery |
-0.9 |
1.0 |
|
Basic Metals |
-1.7 |
1.2 |
|
Petroleum Products |
-0.5 |
1.7 |
|
Non-Metallic Mineral Products |
-0.9 |
-0.1 |
|
Wood & Wood Products |
-2.8 |
2.3 |
|
Fabricated Metal Products |
-1.2 |
2.5 |
|
Chemical Products |
-0.4 |
-0.9 |
|
Miscellaneous Manufactures |
-1.3 |
0.1 |
|
Paper & Paper Products |
-0.8 |
b/ |
|
Leather Products |
-1.6 |
2.0 |
|
Footwear & Wearing Apparel |
-0.5 |
1.2 |
|
Rubber & Plastic Products |
-0.2 |
-0.2 |
|
Textiles |
-0.2 |
-5.8 |
|
Food Manufacturing |
b/ |
-0.2 |
CLAIRE DENNIS S. MAPA, Ph.D.
Undersecretary
National Statistician and Civil Registrar General
- Introduction
- Method of Index Computation
- Computation of Growth Rates
Year-on-year growth rates are computed by dividing the current month index by the index in the same month of the previous year less 1.
Month-on-month growth rates are computed by dividing the current month index by the previous month’s index less 1.
Starting with January 2017 PPI, a link factor has been used to adjust weight effects and measure the correct price change.
- Industry Coverage
Starting with January 2013 reference month, the PPI utilizes the 2009 Philippine Standard Industrial Classification (PSIC) to classify sectors and industries. Selected industry classes of the 2009 PSIC were grouped to form the 20 industry groupings of the 2019 PPS. These are presented in the table below.
|
2009 PSIC CODE |
INDUSTRY DESCRIPTION |
|---|---|
|
C10 |
Food manufacturing * |
|
C11 |
Beverages |
|
C12 |
Tobacco products |
|
C13 |
Textiles* |
|
C14, C152 |
Footwear and wearing apparel |
|
C151 |
Leather products |
|
C16 |
Wood and wood products* |
|
C17 |
Paper and paper products |
|
C18 |
Printing and reproduction of recorded media |
|
C19 |
Petroleum products* |
|
C20, C21 |
Chemical products* |
|
C22 |
Rubber and plastic products* |
|
C23 |
Non-metallic mineral products* |
|
C24 |
Basic Metals* |
|
C25 |
Fabricated metal products |
|
C262, C275, C28, C263, C268 |
Machinery except electrical* |
|
C261, C264, C27, C29301 |
Electrical machinery* |
|
C29 except C29301, C30 |
Transport equipment |
|
C31 |
Furniture and fixtures |
|
C265, C266, C267, C32 |
Miscellaneous manufactures |
Note: * - Major industry groups categorized into sub-industry classes
See more at the Producer Price Survey (PPS) main page.