Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index
June 2019, May 2019 and June 2018
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
June
2019
|
May
2019
|
June
2018
|
Producer Price Index (2000=100) |
135.3 |
135.8 r |
133.9 |
Year-on-Year Growth (%) |
1.0 |
0.9 |
1.0 |
Month-on-Month Growth (%) |
-0.4 |
-0.1 |
-0.6 |
- Producer Price Index posts slight increment in June 2019
The Producer Price Index (PPI, 2000=100) for manufacturing continued to grow at an annual rate of 1.0 percent in June 2019. In May 2019, the annual growth rate was 0.9 percent while in June 2018, 1.0 percent. The increment can be attributed to the increases in the indices of six major industry groups led by furniture and fixtures with an annual growth of 57.9 percent. On the other hand, leather products, which dropped by 19.5 percent, led the 14 major industry groups that posted annual decreases. Refer to Tables 1 and A-1.
Month-on-month, the PPI further descended by 0.4 percent in June 2019. In May 2019, the PPI dropped at a monthly rate of 0.1 percent and in June 2018, it also went down by 0.6 percent. Leather products, which declined by 9.1 percent, led the 14 major industry groups that pulled-down the PPI in June 2019. Meanwhile, PPI for four major industry groups posted increases and two major industry groups reflected flat growths. Refer to Tables 1 and A-2.
MAJOR INDUSTRY GROUP |
||
June 2019 |
May 2019
|
|
Gainers |
|
|
Non-Metallic Mineral Products |
8.5 |
11.2r |
Furniture & Fixtures |
57.9 |
47.9 |
Rubber & Plastic Products |
5.1 |
5.2r |
Beverages |
3.0 |
3.5r |
Tobacco Products |
3.9 |
5.3 |
Printing |
0.3 |
2.3 |
Losers |
|
|
Food Manufacturing |
-5.0 |
-4.2r |
Transport Equipment |
-3.9 |
-4.2r |
Chemical Products |
-4.9 |
-5.3r |
Basic Metals |
-5.9 |
-8.2r |
Machinery Except Electrical |
-3.5 |
0.7 |
Electrical Machinery |
-1.5 |
-0.5 |
Petroleum Products |
-2.1 |
-0.4r |
Fabricated Metal Products |
-6.6 |
-12.4r |
Footwear & Wearing Apparel |
-8.3 |
-3.1r |
Leather Products |
-19.5 |
-13.0 |
Miscellaneous Manufactures |
-7.3 |
-7.7 |
Wood & Wood Products |
-8.0 |
-3.5r |
Paper & Paper Products |
-1.5 |
2.3 |
Textiles |
-1.8 |
-1.6r |
MAJOR INDUSTRY GROUP |
||
June 2019 |
May 2019
|
|
Gainers |
|
|
Fabricated Metal Products |
3.9 |
-14.7r |
Chemical Products |
0.2 |
a/r |
Tobacco Products |
0.1 |
b/ |
Textiles |
0.1 |
-0.1 |
Printing |
0.0 |
0.0 |
Beverages |
0.0 |
0.3 |
Losers |
|
|
Footwear & Wearing Apparel |
-6.6 |
-1.7 |
Electrical Machinery |
-0.6 |
0.7r |
Petroleum Products |
-0.8 |
0.1r |
Food Manufacturing |
-0.3 |
-0.4r |
Machinery Except Electrical |
-0.8 |
0.5 |
Leather Products |
-9.1 |
-12.4r |
Paper & Paper Products |
-1.8 |
0.2 |
Transport Equipment |
-0.2 |
4.2r |
Wood & Wood Products |
-2.0 |
3.0 |
Non-Metallic Mineral Products |
-0.4 |
b/r |
Miscellaneous Manufactures |
-0.7 |
0.1 |
Furniture & Fixtures |
-1.3 |
-1.2 |
Rubber & Plastic Products |
-0.1 |
0.3r |
Basic Metals |
b/ |
-0.7r |
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.