Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index
January 2020, December 2019 and January 2019
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
January
2020
|
December
2019
|
January
2019
|
Producer Price Index (2000=100) |
133.2 |
132.6 r |
139.7 |
Year-on-Year Growth (%) |
-4.7 |
0.4 |
4.1 |
Month-on-Month Growth (%) |
0.4 |
-0.1 |
5.7 |
- Producer Price Index decreases in January 2020
The Producer Price Index (PPI, 2000=100) for manufacturing decreased at an annual rate of 4.7 percent in January 2020. This annual rate of the PPI was lower than its annual growth rate of 4.1 percent during the same period of the previous year. Furthermore, the annual rate in January 2020 was also lower than the annual growth rate of 0.4 percent in December 2019. The decline can be attributed to the decreases of 16 major industry groups with four major industry groups posting double-digit decrements namely: leather products (-16.3%), fabricated metal products (-13.8%), footwear and wearing apparel (-10.4%) and wood and wood products (-10.3%). On the other hand, furniture and fixtures, which climbed by 18.9 percent, led the four major industry groups that posted annual increases. Refer to Tables 1 and A-1.
Month-on-month, the PPI grew by 0.4 percent in January 2020, after a 0.1 percent drop in the previous month. Furniture and fixtures, which increased by 24.5 percent, led the 13 major industry groups that pulled-up the PPI in January 2020 while chemical products (-2.2%) led the seven major industry groups that posted decreases. Refer to Tables 1 and A-2.
MAJOR INDUSTRY GROUP |
||
January 2020 |
December 2019
|
|
Gainers |
|
|
Tobacco Products |
7.5 |
3.7 |
Beverages |
3.2 |
3.5 |
Furniture & Fixtures |
18.9 |
62.2 |
Printing |
2.4 |
0.0 |
Losers |
|
|
Transport Equipment |
-9.5 |
-4.9r |
Electrical Machinery |
-3.0 |
-5.3r |
Chemical Products |
-7.8 |
-10.8r |
Machinery Except Electrical |
-6.3 |
-5.6 |
Fabricated Metal Products |
-13.8 |
-12.5r |
Petroleum Products |
-2.0 |
-1.3r |
Food Manufacturing |
-0.7 |
-1.4 |
Footwear & Wearing Apparel |
-10.4 |
-11.8r |
Wood & Wood Products |
-10.3 |
-9.0r |
Rubber & Plastic Products |
-2.4 |
2.9r |
Non-Metallic Mineral Products |
-1.9 |
2.6 |
Basic Metals |
-1.5 |
-5.2r |
Leather Products |
-16.3 |
-3.3r |
Paper & Paper Products |
-3.5 |
-3.9r |
Textiles |
-5.5 |
-2.8r |
Miscellaneous Manufactures |
-1.3 |
0.7 |
MAJOR INDUSTRY GROUP |
||
January 2020 |
December 2019
|
|
Gainers |
|
|
Electrical Machinery |
2.7 |
-0.8r |
Basic Metals |
3.6 |
0.2r |
Food Manufacturing |
0.8 |
0.3r |
Furniture & Fixtures |
24.5 |
-1.2 |
Beverages |
0.8 |
0.0 |
Miscellaneous Manufactures |
1.1 |
-0.1 |
Leather Products |
3.5 |
7.2r |
Petroleum Products |
0.2 |
0.8r |
Printing |
2.4 |
0.0 |
Tobacco Products |
0.4 |
b/ |
Machinery Except Electrical |
0.1 |
1.0 |
Textiles |
0.5 |
b/ |
Footwear & Wearing Apparel |
a/ |
-0.5r |
Losers |
|
|
Chemical Products |
-2.2 |
0.2 |
Rubber & Plastic Products |
-1.3 |
0.2r |
Transport Equipment |
-0.3 |
-1.4r |
Non-Metallic Mineral Products |
-0.5 |
-0.1 |
Paper & Paper Products |
-0.5 |
-0.1r |
Wood & Wood Products |
-0.5 |
1.2r |
Fabricated Metal Products |
b/ |
0.5r |
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 the 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 major industry groupings of the 2020 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 industry sub-classes
See more at the Producer Price Survey (PPS) main page.