Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index
November 2019, October 2019 and November 2018
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
November
2019
|
October
2019
|
November
2018
|
Producer Price Index (2000=100) |
133.2 |
133.7 r |
132.6 |
Year-on-Year Growth (%) |
0.5 |
-0.8 |
0.4 |
Month-on-Month Growth (%) |
-0.3 |
-0.9 |
-1.6 |
- Producer Price Index posts slight increment in November 2019
The Producer Price Index (PPI, 2000=100) for manufacturing increased at an annual rate of 0.5 percent in November 2019. This annual growth rate of the PPI was higher than its annual growth rate of 0.4 percent in November 2018. On the contrary, the annual growth rate of PPI was negative 0.8 percent in October 2019. The upturn of PPI in November 2019 can be attributed to the increases of six major industry groups with furniture and fixtures posting a double-digit increment of 68.2 percent. On the other hand, leather products, which dropped by 19.8 percent, led the 13 major industry groups that posted annual decreases. Refer to Tables 1 and A-1.
Month-on-month, PPI descended by 0.3 percent in November 2019. It also dropped at a monthly rate of negative 0.9 percent in October 2019 and 1.6 percent in November 2018. Twelve major industry groups posted negative growths in November 2019 led by wood and wood products with monthly growth rate of negative 2.1 percent. Moreover, PPI for six major industry groups posted monthly increments while two major industry groups remained the same. Refer to Tables 1 and A-2.
MAJOR INDUSTRY GROUP |
||
November 2019 |
October 2019
|
|
Gainers |
|
|
Furniture & Fixtures |
68.2 |
59.8 |
Beverages |
3.5 |
3.6 |
Tobacco Products |
3.9 |
3.9 |
Non-Metallic Mineral Products |
3.1 |
1.4 |
Rubber & Plastic Products |
2.3 |
3.1 |
Miscellaneous Manufactures |
1.8 |
0.7r |
Printing |
0.0 |
0.0 |
Losers |
|
|
Food Manufacturing |
-4.1 |
-5.0 |
Transport Equipment |
-5.3 |
-6.3r |
Chemical Products |
-7.5 |
-6.8r |
Basic Metals |
-9.4 |
-8.2r |
Petroleum Products |
-4.8 |
-9.0r |
Electrical Machinery |
-2.8 |
-4.2r |
Machinery Except Electrical |
-5.4 |
-5.6 |
Fabricated Metal Products |
-11.6 |
-11.3r |
Footwear & Wearing Apparel |
-12.7 |
-12.5r |
Wood & Wood Products |
-12.0 |
-9.6r |
Leather Products |
-19.8 |
-20.6r |
Paper & Paper Products |
-3.9 |
-3.7 |
Textiles |
-4.8 |
-4.0r |
MAJOR INDUSTRY GROUP |
||
November 2019 |
October 2019
|
|
Gainers |
|
|
Food Manufacturing |
0.2 |
-0.2r |
Petroleum Products |
0.3 |
-1.3r |
Leather Products |
1.8 |
-11.4 |
Fabricated Metal Products |
0.1 |
-0.7r |
Rubber & Plastic Products |
a/ |
-0.1 |
Textiles |
0.1 |
-0.7r |
Printing |
0.0 |
0.0 |
Tobacco Products |
0.0 |
-0.1 |
Losers |
|
|
Transport Equipment |
-0.7 |
-2.4r |
Electrical Machinery |
-0.6 |
-0.5r |
Machinery Except Electrical |
-0.8 |
-1.5 |
Chemical Products |
-0.6 |
1.1r |
Basic Metals |
-0.5 |
-1.1r |
Wood & Wood Products |
-2.1 |
-1.0r |
Non-Metallic Mineral Products |
-0.3 |
-0.5r |
Footwear & Wearing Apparel |
-0.6 |
-1.3r |
Miscellaneous Manufactures |
-0.3 |
-1.2 |
Furniture & Fixtures |
-0.3 |
-0.9 |
Beverages |
b/ |
-0.1r |
Paper & Paper Products |
b/ |
-2.7r |
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.