r-revised

·  Producer Price Index (PPI) registers slower growth

The Producer Price Index (PPI) for the manufacturing industry went up by 1.2 percent in August 2007. Thirteen (13) of the 20 major sectors reported price increases led by publishing and printing and basic metals with two-digit growth of 20.9 percent and 13.1 percent, respectively. On the other hand, seven (7) major sectors registered year-on-year decreases in producer price, with two-digit decreases in growth reported by furniture and fixtures (-14.9%) and miscellaneous manufactures (-10.4%). Refer to Tables 1 and 1-A.

However, PPI on a monthly basis slightly decreased by 0.4 percent in August 2007 from its previous month's (revised) growth of 0.1 percent. This was due to the price decreases observed in ten (10) major sectors namely: non-metallic mineral products, footwear and wearing apparel, petroleum products, machinery excluding electrical, paper and paper products, transport equipment,basic metals, fabricated metal products, food manufacturing and rubber products. Refer to Tables 1 and 1-B.

·  Response Rate

The response rate for August 2007 is 88.2 percent, which corresponds to the retrieval of 269 sample establishments� reports. Refer to Table 2.

Response Rates for Total Manufacturing
(In percent)

·  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.

TABLE 1-A. PRODUCER PRICE INDEX, July - August 2007
(1994 =100)

TABLE 1-B. PRODUCER PRICE INDEX, JULY - AUGUST 2007
(1994=100)

Note: * - new sectors in the 1994-based series

a/- Less than 0.1 percent increase

Sectors are ranked according to their contribution to the overall 1994-based August 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