Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index
December 2019, November 2019 and December 2018
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
December
2019
|
November
2019
|
December
2018
|
Producer Price Index (2000=100) |
133.1 |
133.2 r |
132.1 |
Year-on-Year Growth (%) |
0.8 |
0.4 |
0.2 |
Month-on-Month Growth (%) |
-0.04 |
-0.3 |
-0.4 |
- Producer Price Index posts slight increase in December 2019
The Producer Price Index (PPI, 2000=100) for manufacturing increased at an annual rate of 0.8 percent in December 2019. This annual growth rate of the PPI was higher than its rate of 0.2 percent in December 2018. Moreover, the rate in December 2019 was also higher than the annual growth rate of 0.4 percent in November 2019. The increment of PPI in December 2019 can be attributed to the increases of six major industry groups with furniture and fixtures posting a double-digit increment of 62.2 percent. On the other hand, leather products, which dropped by 12.6 percent, led the 13 major industry groups that posted annual decreases. Refer to Tables 1 and A-1.
Month-on-month, the PPI decreased by 0.04 percent in December 2019. It also dropped at a monthly rate of 0.3 percent in November 2019 and 0.4 percent in December 2018. Leather products, which declined by 3.0 percent, led the nine major industry groups that pulled down the PPI in December 2019. Furthermore, machinery except electrical (1.0%) led the nine major industry groups that posted monthly increments, while two major industry groups remained the same. Refer to Tables 1 and A-2.
MAJOR INDUSTRY GROUP |
||
December 2019 |
November 2019
|
|
Gainers |
|
|
Furniture & Fixtures |
62.2 |
68.2 |
Beverages |
3.5 |
3.5 |
Tobacco Products |
3.7 |
3.8r |
Rubber & Plastic Products |
3.1 |
2.5r |
Non-Metallic Mineral Products |
2.6 |
2.8r |
Miscellaneous Manufactures |
0.7 |
2.1r |
Printing |
0.0 |
0.0 |
Losers |
|
|
Electrical Machinery |
-5.3 |
-4.1 |
Chemical Products |
-7.5 |
-7.6r |
Transport Equipment |
-3.2 |
-4.8r |
Machinery Except Electrical |
-5.6 |
-5.1r |
Food Manufacturing |
-1.5 |
-3.8r |
Fabricated Metal Products |
-12.0 |
-11.6 |
Basic Metals |
-5.1 |
-9.3r |
Footwear & Wearing Apparel |
-11.9 |
-14.0r |
Petroleum Products |
-1.6 |
-4.6r |
Wood & Wood Products |
-9.5 |
-11.7r |
Leather Products |
-12.6 |
-21.1r |
Paper & Paper Products |
-3.5 |
-3.0r |
Textiles |
-3.2 |
-5.5r |
MAJOR INDUSTRY GROUP |
||
December 2019 |
November 2019
|
|
Gainers |
|
|
Machinery Except Electrical |
1.0 |
-0.7r |
Transport Equipment |
0.5 |
-0.3r |
Petroleum Products |
0.5 |
0.5r |
Basic Metals |
0.6 |
-0.3r |
Paper & Paper Products |
0.3 |
0.5r |
Chemical Products |
a/ |
-0.4r |
Rubber & Plastic Products |
a/ |
0.1 |
Fabricated Metal Products |
a/ |
0.1 |
Footwear & Wearing Apparel |
0.1 |
-2.3r |
Printing |
0.0 |
0.0 |
Beverages |
0.0 |
b/ |
Losers |
|
|
Electrical Machinery |
-0.9 |
1.4 |
Leather Products |
-3.0 |
0.2r |
Food Manufacturing |
b/ |
0.5r |
Furniture & Fixtures |
-1.2 |
-0.3 |
Non-Metallic Mineral Products |
-0.1 |
-0.5 |
Tobacco Products |
b/ |
-0.1r |
Textiles |
-0.1 |
-0.7r |
Miscellaneous Manufactures |
b/ |
-0.2r |
Wood & Wood Products |
-0.1 |
-1.6r |
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 |
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.