Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index
July 2019, June 2019 and July 2018
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
July
2019
|
June
2019
|
July
2018
|
Producer Price Index (2000=100) |
135.3 |
135.8 r |
133.9 |
Year-on-Year Growth (%) |
1.1 |
1.4 |
0.9 |
Month-on-Month Growth (%) |
-0.4 |
-0.2 |
-0.1 |
- Producer Price Index posts slight increment in July 2019
The Producer Price Index (PPI, 2000=100) for manufacturing increased at an annual rate of 1.1 percent in July 2019. This annual growth rate of the PPI was slightly higher than its annual growth rate of 0.9 percent in July 2018 but lower than the annual growth rate of 1.4 percent in June 2019. The upturn can be attributed to the increases of five major industry groups with furniture and fixtures posting a double-digit increment of 64.0 percent. On the other hand, leather products, which dropped by 12.5 percent, led the 14 major industry groups that posted annual decreases, while printing reflected flat growth. Refer to Tables 1 and A-1.
Month-on-month, PPI descended by 0.4 percent in July 2019 compared with the previous month’s monthly rate of negative 0.2 percent. Nine major industry groups posted negative growths led by electrical machinery with monthly growth rate of negative 3.3 percent. Moreover, PPI for nine major industry groups posted monthly increments while two major industry groups remained the same. Refer to Tables 1 and A-2.
MAJOR INDUSTRY GROUP |
||
July 2019 |
June 2019
|
|
Gainers |
|
|
Furniture & Fixtures |
64.0 |
60,6r |
Non-Metallic Mineral Products |
8.0 |
7.6r |
Rubber & Plastic Products |
4.2 |
5.2r |
Tobacco Products |
4.0 |
3.9 |
Beverages |
2.9 |
3.3r |
Printing |
0.0 |
0.3 |
Losers |
|
|
Food Manufacturing |
-4.5 |
-4.6r |
Electrical Machinery |
-5.1 |
-0.9r |
Chemical Products |
-5.5 |
-4.9 |
Basic Metals |
-7.9 |
-6.4r |
Transport Equipment |
-2.3 |
-2.5r |
Petroleum Products |
-2.9 |
-1.9 |
Fabricated Metal Products |
-9.6 |
-8.4r |
Machinery Except Electrical |
-1.9 |
-3.5 |
Miscellaneous Manufactures |
-8.8 |
-7.3 |
Footwear & Wearing Apparel |
-7.8 |
-9.9r |
Leather Products |
-12.5 |
-22.4r |
Wood & Wood Products |
-5.9 |
-7.1r |
Paper & Paper Products |
-2.4 |
-1.0r |
Textiles |
-2.4 |
-1.6r |
MAJOR INDUSTRY GROUP |
||
July 2019 |
June 2019
|
|
Gainers |
|
|
Machinery Except Electrical |
1.7 |
-0.8 |
Transport Equipment |
0.6 |
-0.6r |
Leather Products |
7.1 |
-16.8r |
Food Manufacturing |
0.1 |
0.2r |
Non-Metallic Mineral Products |
0.3 |
-1.1r |
Footwear & Wearing Apparel |
0.2 |
-5.7r |
Textiles |
0.3 |
0.3r |
Wood & Wood Products |
0.2 |
-1.4r |
Tobacco Products |
a/ |
0.1 |
Printing |
0.0 |
0.0 |
Beverages |
0.0 |
0.0 |
Losers |
|
|
Electrical Machinery |
-3.3 |
0.2r |
Petroleum Products |
-0.8 |
-0.7 |
Basic Metals |
-1.3 |
-0.9r |
Fabricated Metal Products |
-1.5 |
3.8 |
Paper & Paper Products |
-0.6 |
-1.3r |
Miscellaneous Manufactures |
-0.6 |
-0.7 |
Rubber & Plastic Products |
-0.2 |
-0.1 |
Chemical Products |
-0.1 |
0.2 |
Furniture & Fixtures |
-0.5 |
0.3r |
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.