Total Manufacturing | April 2007 | March 2007 |
| Producer Price Index | 251.3 | 251.8r |
| Year-on-Year Growth | 1.5 | 2.7r |
| Month-on-Month Growth | -0.2 | 0.6r |
r-revised
· Producer Price Index (PPI) increases slightly
The Producer Price Index (PPI) for the manufacturing industry recorded a slower growth of 1.5 percent in April 2007 compared to the year-ago figure. This was brought about by the single-digit increses in nine (9) major sectors. Two major sectors, publishing and printing and footwear and wearing apparel registered two-digit increases on a Year-on-year basis. Refer to Tables 1 and 1-A.
However, PPI on a month-on-month comparison slightly went down by 0.2 percent in April 2007. This was due to the price decreases observed in eight (8) major sectors, namely: basic metals, electrical machinery, transport equipment, non-metallic mineral products, paper and paper products, furniture and fixtures, chemical products and fabricated metal products. Refer to Tables 1 and 1-B.
· Response Rate
The response rate for April 2007 is 92.8 percent, which corresponds to the retrieval of 283 sample establishments reports. Refer to Table 2.
Response Rates for Total Manufacturing
(In percent)
April 2007 | March 2007 |
92.8 | 96.1 |
· Technical Notes
Weights for the PPI are based from the results of the 2003 Annual Survey of Philippine Business and Industry (ASPBI) for manufacturing establishments with average total employment (ATE) of 20 and over.
Data of non-responding sample establishments are estimated based on previous records and other available sources. Revisions to the preliminary estimates are done upon receipt of actual reports of late respondents.
(Sgd.) CARMELITA N. ERICTA |
TABLE 1-A. PRODUCER PRICE INDEX, March 2007 - April 2007
(1994 =100)
Gainers | Year-on-Year Growth (percent) | |
April 2007 | March 2007 | |
| Food Manufacturing | 5.6 | 6.3 |
| Footwear and Wearing Apparel* | 10.7 | 21.7 |
| Beverage | 4.6 | 3.4 |
| Publishing & Printing | 20.9 | 20.9 |
| Chemical Products | 1.2 | 1.5 |
| Non-Metallic Mineral Products | 1.6 | 4.8 |
| Paper and Paper Products | 1.5 | 2.4 |
| Textile | 1.2 | 0.9 |
| Machinery Excluding Electrical* | 1.2 | 0.5 |
| Rubber Products | 2.5 | 8.0 |
| Leather Products* | 2.1 | 2.1 |
| Transport Equipment | 0.0 | 2.1 |
| Miscellaneous Manufactures | 0.0 | -0.7 |
| Electrical Machinery | 0.0 | 3.3 |
| Basic Metals | 0.0 | 5.7 |
Losers | Year-on-Year Growth (percent) | |
April 2007 | March 2007 | |
| Furniture and Fixtures | -13.3 | -12.4 |
| Fabricated Metal Products* | -4.0 | -3.8 |
| Petroleum Products | -0.5 | -1.2 |
| Wood & Wood Products | -4.3 | -4.0 |
| Tobacco | -0.7 | -0.7 |
TABLE 1-B. PRODUCER PRICE INDEX, March 2007 - April 2007
(1994=100)
Gainers | Month-on-Month Growth (percent) | |
April 2007 | March 2007 | |
| Petroleum Products | 2.8 | 3.1 |
| Beverage | 1.4 | 0.6 |
| Machinery Excluding Electrical* | 2.8 | -2.5 |
| Miscellaneous Manufactures | 1.0 | 0.1 |
| Food Manufacturing | 0.0 | 0.2 |
| Rubber Products | 1.2 | 0.8 |
| Textile | 0.1 | 2.3 |
| Wood & Wood Products | 0.0 | -0.1 |
| Footwear and Wearing Apparel | 0.0 | 3.6 |
| Leather Products | 0.0 | 0.0 |
| Publishing & Printing * | 0.0 | 0.0 |
| Tobacco | 0.0 | 0.0 |
Losers | Month-on-Month Growth (percent) | |
April 2007 | March 2007 | |
| Electrical Machinery | -2.5 | 0.6 |
| Basic Metals | -3.8 | 4.4 |
| Transport Equipment | -2.1 | 0.3 |
| Non-Metallic Mineral Products | -1.7 | 1.3 |
| Paper & Paper Products | -1.3 | 1.3 |
| Chemical Products | -0.2 | 0.4 |
| Furniture & Fixtures | -1.1 | 1.0 |
| Fabricated Metal Products* | -0.2 | 1.7 |
Note: * - new sectors in the 1994-based series
a/- Less than 0.1 percent increase
b/- Less than 0.1 percent decrease
Sectors are ranked according to their contribution to the overall 1994-based April 2007 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous year same month index less 1.
Month-on-month growth rates are computed by dividing the current month index by previous month index less 1
Source: National Statistics Office
Manila, Philippines
