Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index
October 2019, September 2019 and October 2018
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
October
2019
|
September
2019
|
October
2018
|
Producer Price Index (2000=100) |
134.2 |
135.1 r |
134.7 |
Year-on-Year Growth (%) |
-0.4 |
0.2 |
1.2 |
Month-on-Month Growth (%) |
-0.7 |
-0.6 |
-0.1 |
- Producer Price Index posts slight decrease in October 2019
The Producer Price Index (PPI, 2000=100) for manufacturing decreased at an annual rate of 0.4 percent in October 2019. This annual rate of the PPI was lower than its annual growth rate of 1.2 percent during the same period of the previous year and also lower than the annual growth rate of 0.2 percent in September 2019. The decline can be attributed to the decreases of 13 major industry groups with leather products (-20.2%), footwear and wearing apparel (-11.5%), and fabricated metal products (-11.2%) posting double-digit decrements. On the other hand, furniture and fixtures, which climbed by 59.8 percent, led the six major industry groups that posted annual increases, while printing reflected flat growth. Refer to Tables 1 and A-1.
Month-on-month, the PPI descended by 0.7 percent in October 2019. It also dropped at a monthly rate of 0.6 percent in September 2019 and 0.1 percent in October 2018. Leather products, which declined by 11.4 percent, led the 17 major industry groups that pulled-down the PPI in October 2019. Meanwhile, rubber and plastic products (0.1%) and wood and wood products (0.2%) posted monthly increments while printing still reflected flat growth. Refer to Tables 1 and A-2.
MAJOR INDUSTRY GROUP |
||
October 2019 |
September 2019
|
|
Gainers |
|
|
Furniture & Fixtures |
59.8 |
61.3 |
Beverages |
3.6 |
3.6 |
Tobacco Products |
3.9 |
4.0 |
Rubber & Plastic Products |
3.4 |
3.6 |
Non-Metallic Mineral Products |
1.5 |
3.9r |
Miscellaneous Manufactures |
0.9 |
1.7r |
Printing |
0.0 |
0.0 |
Losers |
|
|
Food Manufacturing |
-4.9 |
-5.2r |
Petroleum Products |
-9.8 |
-8.2r |
Electrical Machinery |
-4.3 |
-4.4 |
Transport Equipment |
-4.6 |
-3.8r |
Chemical Products |
-5.9 |
-5.4r |
Basic Metals |
-8.0 |
-7.8r |
Machinery Except Electrical |
-5.5 |
-4.7 |
Fabricated Metal Products |
-11.2 |
-10.6 |
Footwear & Wearing Apparel |
-11.5 |
-11.1 |
Leather Products |
-20.2 |
-11.2r |
Wood & Wood Products |
-8.5 |
-9.6r |
Textiles |
-3.7 |
-0.8r |
Paper & Paper Products |
-1.3 |
-1.3 |
MAJOR INDUSTRY GROUP |
||
October 2019 |
September 2019
|
|
Gainers |
|
|
Rubber & Plastic Products |
0.1 |
b/ |
Wood & Wood Products |
0.2 |
-2.9r |
Printing |
0.0 |
0.0 |
Losers |
|
|
Petroleum Products |
-2.2 |
1.4 |
Machinery Except Electrical |
-1.4 |
-1.3 |
Electrical Machinery |
-0.6 |
0.3 |
Transport Equipment |
-0.6 |
-2.8r |
Leather Products |
-11.4 |
-4.3r |
Basic Metals |
-0.7 |
-0.2r |
Chemical Products |
-0.3 |
0.6r |
Food Manufacturing |
-0.1 |
-0.4r |
Miscellaneous Manufactures |
-1.1 |
-0.7r |
Non-Metallic Mineral Products |
-0.4 |
-0.2 |
Footwear & Wearing Apparel |
-1.0 |
-0.4r |
Fabricated Metal Products |
-0.5 |
a/ |
Paper & Paper Products |
-0.4 |
1.5 |
Furniture & Fixtures |
-0.9 |
-1.3 |
Tobacco Products |
-0.1 |
-0.1 |
Textiles |
-0.5 |
1.5 |
Beverages |
b/ |
a/ |
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.