Total Manufacturing |
April 2009 |
March 2009 |
Producer Price Index (2000=100) |
171.2 |
170.7r |
Year-on-Year Growth |
0.7 |
0.5r |
Month-on-Month Growth |
0.3 |
0.2r |
· Producer Price Index increases
The Producer Price Index (PPI, 2000=100) for the manufacturing industry slightly increased by 0.7 percent in April 2009, compared with the year ago level, according to the preliminary results of the Monthly Producer Price Survey. Fifteen major sectors reported price increases, led by textiles with a two-digit growth of 17.7 percent, followed by footwear and wearing apparel (12.1%), beverages (10.9%) and leather products (10.1%). However, decreases in the PPI were also observed in five major sectors led by petroleum products (27.9%). Refer to Tables 1 and 1-A.
PPI, on a month-on month basis, slightly grew by 0.3 percent in April. Increases in price were observed in nine major sectors led by furniture and fixtures. Meanwhile, flat growth in prices of commodities were recorded for the following major sectors, namely textiles, tobacco products, beverages, publishing and printing, wood and wood products and leather products. Refer to Tables 1 and 1-B.
· Response Rate
The response rate for April 2009 is 92.1 percent, which corresponds to the retrieval of 290 sample establishments reports. Refer to Table 2.
Response Rates for Total Manufacturing
(In percent)
April 2009 |
March 2009 (revised) |
92.1 |
96.2r |
· Technical Notes
The 2009 PPI Release utilizes the amended 1994 PSIC. Rubber and Plastic Products is a new major sector, consisting of two sub-sectors, namely: Rubber Products and Plastic Products . Rubber Productswas previously a major sector while Plastic Products was one of the sub-sectors of Chemical Products.
Previously, with seven sub-sectors, the major sector of Chemical Products now has six sub-sectors, namely: Basic Chemicals and Industrial Gases, Fertilizers, Paints, Drugs and Medicines, Cosmetics and Toilet Preparations and Miscellaneous Chemicals.
The corresponding weights of the above sectors and sub-sectors have been recomputed to allow for the revised computation of the indices.
Weights for the 2009 PPI are based from the results of the 2005 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 Administrator |
TABLE 1-A. PRODUCER PRICE INDEX, MARCH 2009 - APRIL 2009
(2000=100)
Gainers |
Year-on-Year Growth (percent) |
|
April 2009 |
March 2009 |
|
|
||
Electrical Machinery |
6.2 |
2.0 |
Machinery Except Electrical |
6.4 |
7.7 |
Beverages |
10.9 |
12.2 |
Chemical Products |
4.1 |
5.4 |
Footwear and Wearing Apparel |
12.1 |
11.5 |
Transport Equipment |
4.0 |
2.7 |
Textiles |
17.7 |
17.2 |
Non-Metallic Mineral Products |
7.5 |
5.5 |
Fabricated Metal Products |
7.5 |
16.3 |
Furniture and Fixtures |
9.6 |
2.3 |
Leather Products |
10.1 |
8.4 |
Tobacco Products |
1.2 |
1.2 |
Wood and Wood Products |
0.7 |
0.7 |
Paper and Paper Products |
0.2 |
2.3 |
Publishing and Printing |
0.0 |
0.0 |
|
||
Losers |
Year-on-Year Growth (percent) |
|
April 2009 |
March 2009 |
|
|
||
Petroleum Products |
-27.9 |
-28.1 |
Basic Metals |
-6.7 |
-5.0 |
Rubber and Plastic Products a/ |
-8.0 |
-7.9 |
Food Manufacturing |
-0.8 |
0.2 |
Miscellaneous Manufactures |
-0.1 |
6.5 |
TABLE 1-B. PRODUCER PRICE INDEX, MARCH 2009 - APRIL 2009
(2000=100)
Gainers |
Month-on-Month Growth (percent) |
|
April 2009 |
March 2009 |
|
Petroleum Products |
3.1 |
-0.3 |
Electrical Machinery |
0.3 |
2.2 |
Furniture and Fixtures |
5.8 |
3.3 |
Non-Metallic Mineral Products |
1.9 |
1.1 |
Food Manufacturing |
0.2 |
-1.2 |
Footwear and Wearing Apparel |
0.8 |
0.0 |
Miscellaneous Manufactures |
0.6 |
0.8 |
Basic Metals |
0.2 |
-0.3 |
Rubber and Plastic Products a/ |
0.5 |
-2.3 |
Textiles |
0.0 |
-0.1 |
Tobacco Products |
0.0 |
0.2 |
Beverages |
0.0 |
0.0 |
Publishing and Printing |
0.0 |
0.0 |
Wood and Wood Products |
0.0 |
-0.2 |
Leather Products |
0.0 |
-0.2 |
|
||
Losers |
Month-on-Month Growth (percent) |
|
April 2009 |
March 2009 |
|
|
||
Chemical Products |
-1.7 |
0.3 |
Fabricated Metal Products |
-5.1 |
-1.0 |
Machinery Except Electrical |
-0.4 |
1.6 |
Paper and Paper Products |
-1.2 |
-6.1 |
Transport Equipment |
-0.1 |
-1.2 |
Note:
a/ - new sector in the 2000-based series
Sectors are ranked according to their contribution to the overall 2000-based 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