Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index
August 2019, July 2019 and August 2018
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
August
2019
|
July
2019
|
August
2018
|
Producer Price Index (2000=100) |
136.1 |
134.7 r |
133.9 |
Year-on-Year Growth (%) |
1.6 |
0.7 |
1.0 |
Month-on-Month Growth (%) |
1.0 |
-0.8 |
0.1 |
- Producer Price Index increases in August 2019
The Producer Price Index (PPI, 2000=100) for manufacturing continued to grow at an annual rate of 1.6 percent in August 2019. This annual growth of the PPI was higher than its annual growth rate of 1.0 percent during the same period of the previous year and also higher than the annual growth rate of 0.7 percent in July 2019. The increment can be attributed to the increases in the indices of seven major industry groups led by furniture and fixtures with an annual growth of 64.9 percent. On the other hand, leather products, which dropped by 12.1 percent, led the 12 major industry groups that posted annual decreases, while printing reflected flat growth. Refer to Tables 1 and A-1.
Month-on-month, the PPI grew 1.0 percent in August 2019, after a 0.8 percent drop in the previous month. Machinery except electrical, which increased by 3.6 percent, led the 13 major industry groups that pulled-up the PPI in August 2019. Meanwhile, PPI for five major industry groups posted decreases and two major industry groups reflected flat growths. Refer to Tables 1 and A-2.
MAJOR INDUSTRY GROUP |
||
August 2019 |
July 2019
|
|
Gainers |
|
|
Furniture & Fixtures |
64.9 |
64.0 |
Beverages |
3.4 |
2.9 |
Non-Metallic Mineral Products |
3.5 |
8.1r |
Rubber & Plastic Products |
4.0 |
3.9r |
Tobacco Products |
3.9 |
4.0 |
Miscellaneous Manufactures |
4.5 |
-8.8 |
Transport Equipment |
0.4 |
-2.6r |
Printing |
0.0 |
0.0 |
Losers |
|
|
Food Manufacturing |
-4.6 |
-4.3r |
Petroleum Products |
-6.7 |
-6.9r |
Chemical Products |
-6.7 |
-6.4r |
Electrical Machinery |
-3.3 |
-4.1 |
Basic Metals |
-8.3 |
-7.0r |
Fabricated Metal Products |
-8.0 |
-8.7r |
Machinery Except Electrical |
-2.3 |
-5.4r |
Footwear & Wearing Apparel |
-9.2 |
-8.1r |
Wood & Wood Products |
-10.0 |
-10.9r |
Leather Products |
-12.1 |
-7.8r |
Paper & Paper Products |
-1.8 |
-2.1 |
Textiles |
-3.3 |
-3.6r |
MAJOR INDUSTRY GROUP |
||
August 2019 |
July 2019
|
|
Gainers |
|
|
Transport Equipment |
2.1 |
0.3r |
Machinery Except Electrical |
3.6 |
-2.9r |
Electrical Machinery |
1.6 |
-2.9r |
Footwear & Wearing Apparel |
2.4 |
0.3r |
Miscellaneous Manufactures |
2.0 |
-0.4 |
Wood & Wood Products |
1.6 |
-3.7r |
Fabricated Metal Products |
0.6 |
-1.4 |
Furniture & Fixtures |
1.7 |
-0.5 |
Non-Metallic Mineral Products |
0.2 |
0.4r |
Rubber & Plastic Products |
0.2 |
-0.5r |
Textiles |
0.4 |
-0.6r |
Chemical Products |
a/ |
-0.4r |
Beverages |
a/ |
0.0 |
Tobacco Products |
0.0 |
a/ |
Printing |
0.0 |
0.0 |
Losers |
|
|
Food Manufacturing |
-0.3 |
b/r |
Basic Metals |
-1.1 |
-0.7r |
Petroleum Products |
-0.3 |
0.1r |
Leather Products |
-1.7 |
12.7r |
Paper & Paper Products |
-0.2 |
-0.5 |
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.