Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index: April 2013 and March 2013 |
||
---|---|---|
TOTAL MANUFACTURING |
April
2013
|
March
2013
|
Producer Price Index (2000=100) |
154.2 |
153.6r |
Year-on-Year Growth |
-8.5 |
-9.4 r |
Month-on-Month Growth |
0.4 |
0.0 |
r - revised
- Producer Price Index maintains a negative rate since June 2012
Producer Price Index (PPI, 2000=100) for the manufacturing industry decreased to 8.5 percent in April 2013 from negative 9.4 percent in March 2013, compared with the year ago level, according to the preliminary results of the Monthly Producer Price Survey. This was brought about by decrements in twelve of twenty sectors with double-digit decreases reflected by five sectors led by furniture and fixtures (-21.1%). Other industries that posted significant decreases were the following: basic metals (-14.9%), machinery except electrical (-14.0%), rubber and plastic products (-12.4%) and food manufacturing (-10.7%).On the other hand, increases in the PPI were noted in eight major sectors led by printing (15.7%). Refer to Tables 1 and A-1.
On a month-on-month basis, PPI reflected an increment of 0.4 percent in April 2013. This was brought about by increases posted by ten sectors led by furniture and fixtures which grew by 4.7 percent. Five major sectors reflected flat growths while the other five sectors posted decrements. Refer to Tables 1 and A-2
TABLE A-1 Producer Price Index, March 2013 – April 2013
(2000 =100)
Gainers |
Year-on-Year Growth (percent) |
|
---|---|---|
April 2013 |
March 2013
(revised)
|
|
Beverages |
5.8 |
5.8 |
Footwear and Wearing Apparel |
6.0 |
5.1 |
Printing |
15.7 |
15.7 |
Miscellaneous Manufactures |
1.5 |
-0.3 |
Non-Metallic Mineral Products |
0.7 |
0.1 |
Wood & Wood Products |
1.1 |
0.7 |
Leather Products |
0.7 |
0.7 |
Textiles |
2.2 |
1.5 |
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
April 2013 |
March 2013
(revised)
|
|
Machinery Except Electrical |
-14.0 |
-13.3 |
Electrical Machinery |
-7.8 |
-8.2 |
Food Manufacturing |
-10.7 |
-11.9 |
Petroleum Products |
-8.4 |
-11.2 |
Basic Metals |
-14.9 |
-12.7 |
Chemical Products |
-7.2 |
-6.3 |
Rubber and Plastic Products |
-12.4 |
-12.5 |
Transport Equipment |
-5.2 |
-3.1 |
Furniture and Fixtures |
-21.1 |
-39.7 |
Paper and Paper Products |
-4.8 |
-4.7 |
Tobacco Products |
-2.1 |
-2.1 |
Fabricated Metal Products |
-1.0 |
-3.5 |
TABLE A-2 Producer Price Index, April 2013 – March 2013
(2000 = 100)
Gainers |
Month-on-Month Growth (percent) |
|
---|---|---|
April 2013 |
March 2013
(revised)
|
|
Transport Equipment |
2.0 |
1.0 |
Electrical Machinery |
0.5 |
0.5 |
Food Manufacturing |
0.4 |
-0.3 |
Machinery Except Electrical |
0.4 |
0.5 |
Furniture & Fixtures |
4.7 |
-6.2 |
Footwear and Wearing Apparel |
0.9 |
1.1 |
Miscellaneous Manufactures |
0.9 |
3.6 |
Chemical Products |
0.3 |
1.5 |
Rubber and Plastic Products |
0.2 |
0.3 |
Wood & Wood Products |
0.4 |
-0.5 |
Leather Products |
0.0 |
0.0 |
Textiles |
0.0 |
-0.8 |
Beverages |
0.0 |
0.3 |
Printing |
0.0 |
0.0 |
Tobacco |
0.0 |
0.0 |
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
April 2013 |
March 2013
(revised)
|
|
Petroleum Products |
-2.8 |
-4.5 |
Basic Metals |
-2.9 |
-0.6 |
Non-Metallic Mineral Products |
-1.7 |
0.9 |
Fabricated Metal Products |
-1.0 |
0.0 |
Paper and Paper Products |
-0.2 |
-0.7 |
Note:
Technical Notes
- Introduction
The National Statistics Office generates various price indices, one of these is the Producer Price Index (PPI). The PPI, a designated statistics, is generated through the results of the Producer Price Survey (PPS) conducted nationwide. The survey gathers monthly producer prices of selected products of establishments included in the market basket.
The PPI is used as a deflator of the Monthly Integrated Survey of Selected Industries (MISSI) to derive indicators for the Volume of Production Index (VoPI) and Volume of Net Sales (VoNSI).
- Method of Index Computation
PPI utilizes the Paasche-type method of index computation. The weights are computed from the value of production to derive concentration ratios from the Census of Philippine Business and Industry (CPBI) or Annual Survey of Philippine Business and Industry (ASPBI). The weights are updated as soon as new results of the ASPBI or CPBI are available and applied at the beginning of each survey year.
For the 2013 PPI, the weights of the major sectors and sub-sectors were computed from the results of the 2010 ASPBI for Manufacturing Establishments with total employment of 20 and over, which is the latest survey results.
The formulas in the computation of the PPI are as follows:
- Industry Coverage
Starting with January 2013 reference month, the PPI utilizes the 2009 Philippine Standard Industry Classification to classify sectors and industries. There are 20 major sectors covered by the 2013 PPS with three consisting of subsectors.
2009 PSIC CODE |
INDUSTRY DESCRIPTION |
---|---|
10 |
Food manufacturing |
11 |
Beverages |
12 |
Tobacco products |
13 |
Textiles |
14,152 |
Footwear and wearing apparel |
151 |
Leather products |
16 |
Wood and wood products |
17 |
Paper and paper products |
18 |
Printing and reproduction of recorded media |
19 |
Petroleum products |
20 |
Chemical products |
22 |
Rubber and plastic products* |
23 |
Non-metallic mineral products* |
24 |
Basic metals* |
25 |
Fabricated metal products |
275, 28, 263,268 |
Machinery except electrical |
26120 and 27 |
Electrical machinery |
29,30 |
Transport equipment |
31 |
Furniture and fixtures |
265,266,267,32 |
Miscellaneous manufactures |
Note: * - Major sectors categorized into sub-sectors |
- Response Rate
The response rate for April 2013 is 83.2 percent, which corresponds to the retrieval of 292 sample establishments’ reports. Refer to Table 2.
Table B Response Rates For Total Manufacturing (In Percent) |
|
---|---|
April 2013 |
March 2013
(revised)
|
83.2 |
91.7r |
Non-responding sample establishments are estimated using historical imputation with trend adjustment. Revisions to the preliminary estimates are done upon receipt of actual reports from late respondents.
(Sgd) CARMELITA N. ERICTA
Administrator