Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index:
April 2017, March 2017 and April 2016
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
April
2017
|
March
2017
|
April
2016
|
Producer Price Index (2000=100) |
132.3 |
133.7 r |
135.0 |
Year-on-Year Growth |
- 2.0 |
- 0.6 |
- 3.6 |
Month-on-Month Growth |
- 1.0 |
- 0.1 |
0.4 |
- Producer Price Index post decrements in April 2017
The Producer Price Index (PPI, 2000=100) for manufacturing moved down at a slower rate of 2.0 percent in April 2017 from the negative growth of 3.6 percent during the same period of previous year. The decline can be attributed to fabricated metal products and furniture and fixtures which decreased by 43.2 percent and 30.2 percent, respectively. Refer to Tables 1 and A-1.
By month, PPI likewise went down by 1.0 percent from previous month’s rate of negative 0.1 percent with fabricated metal products (-4.7%) and furniture and fixtures (-4.6%) also dominating the decline along with other 12 major sectors. Meanwhile, five sectors posted increases while one sector reflected a flat growth. Refer to Tables 1 and A-2.
Gainers |
Year-on-Year Growth (percent) |
|
---|---|---|
April 2017 |
March 2017
(revised)
|
|
Petroleum Products |
16.4 |
19.4 |
Basic Metals |
4.9 |
5.7 |
Food Manufacturing |
0.5 |
2.8 |
Transport Equipment |
0.5 |
1.4 |
Miscellaneous Manufactures |
3.1 |
4.4 |
Footwear & Wearing Apparel |
2.7 |
1.8 |
Tobacco Products |
1.7 |
-0.1 |
Printing |
3.1 |
3.1 |
Wood & Wood Products |
a/ |
-0.7 |
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
April 2017 |
March 2017
(revised)
|
|
Fabricated Metal Products |
-43.2 |
-40.0 |
Non- Metallic Mineral Products |
-7.2 |
-7.4 |
Rubber and Plastic products |
-5.6 |
-5.1 |
Machinery Except Electrical |
-2.4 |
-1.5 |
Furniture & Fixtures |
-30.2 |
-22.1 |
Electrical Machinery |
-0.6 |
-2.4 |
Chemical Products (excludes plastic) |
-1.7 |
-0.8 |
Beverages |
-1.3 |
0.3 |
Leather Products |
-9.3 |
-13.0 |
Textiles |
-4.0 |
-4.1 |
Paper & Paper Products |
-0.6 |
0.9 |
Gainers |
Month-on-Month Growth (percent) |
|
---|---|---|
April 2017 |
March 2017
(revised)
|
|
Electrical Machinery |
0.3 |
-0.8 |
Non- Metallic Mineral Products |
0.3 |
-0.7 |
Leather Products |
2.1 |
-1.9 |
Textiles |
0.2 |
-0.1 |
Tobacco Products |
2.2 |
0.3 |
Beverages |
0.0 |
-0.2 |
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
April 2017 |
March 2017
(revised)
|
|
Food Manufacturing |
-1.6 |
2.4 |
Fabricated Metal Products |
-4.7 |
-1.7 |
Transport Equipment |
-0.9 |
1.2 |
Petroleum Products |
-0.7 |
-3.2 |
Machinery Except Electrical |
-0.7 |
-1.6 |
Chemical Products (excludes plastic) |
-0.7 |
0.5 |
Paper & Paper Products |
-1.7 |
2.3 |
Furniture & Fixtures |
-4.6 |
-0.1 |
Basic Metals |
-0.3 |
2.3 |
Footwear & Wearing Apparel |
-0.6 |
0.5 |
Miscellaneous Manufacture |
-0.3 |
-0.7 |
Rubber and plastic products |
-0.1 |
-1.4 |
Wood & Wood Products |
-0.2 |
-2.3 |
Printing |
b/ |
0.1 |
- Response Rate
The response rate for April 2017 is 79.6 percent, which corresponds to the retrieval of 615 establishments’ reports out of the 773 samples for the survey. Refer to Tables 2 and B.
Table B Response Rates For Total Manufacturing
(In Percent)
|
|
---|---|
April 2017 |
March 2017
(revised)
|
79.6
|
86.8 r
|
Missing prices for products of sample establishments are estimated using the short-term geometric mean of the actual prices of responding samples within the same industry class. Revisions to the preliminary estimates are done upon receipt of actual reports from late responding establishments.
- Introduction
- Method of Index Computation
Starting with January 2017 PPI, a link factor was used to adjust weight effects and measure the correct price change. The weights are adjusted using the 2013 ASPBI.
- 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 2016 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 sectors categorized into sub-sectors