Total Manufacturing |
August 2009 |
July 2009 |
ProducerPriceIndex(2000=100) |
175.4 |
173.0r |
Year-on-Year Growth |
-2.6 |
-3.6r |
Month-on-Month Growth |
-0.4 |
0.7r |
· Producer Price Index decreases at a slower rate
The Producer Price Index (PPI, 2000=100) for the manufacturing industry went down at a slower rate of 2.6 percent in August 2009, compared with the year ago level, according to the preliminary results of the Monthly Producer Price Survey. Furniture and fixtures posted the biggest decline at 25.7 percent. Other sectors that posted significant decreases were: basic metals (-22.5%), petroleum products (-22.2%), rubber and plastic products (-15.1%) and paper and paper products (-11.6%). On the other hand, increases in the PPI were observed in nine major sectors led by wood and wood products (20.8%) andfootwear and wearing apparel (13.9%). Refer to Tables 1 and 1-A.
On a monthly basis, PPI went up by 1.4 percent in August 2009 from -0.6 percent in July 2009. Eight (8) major sectors contributed to the increase led by petroleum products (5.4%). On the other hand six (6) sectors posted decreases in producer prices with furniture and fixtures registering the biggest drop at 16 percent. Refer to Tables 1 and 1-B.
· Response Rate
The response rate for August 2009 is 90.5 percent, which corresponds to the retrieval of 285 sample establishments� reports. Refer to Table 2.
Response Rates for Total Manufacturing
(In percent)
August 2009 |
July 2009 |
90.5 |
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 weights of the major sectors and sub-sectors have been computed utilizing the results of the 2006 Census of Philippine Business and Industry for Manufacturing Establishments of ATE 20 and over. This allow the use of current available weights.
Thus, in this publication, the results of the PPI were recomputed with 2006 CPBI as weights beginning January 2009.
Non-responding sample establishments are estimated using cold-deck imputation method. Revisions to the preliminary estimates are done upon receipt of actual reports from late respondents.
(Sgd.) CARMELITA N. ERICTA Administrator |
TABLE 1-A. PRODUCER PRICE INDEX, JULY 2009 - AUGUST 2009
(2000=100)
Gainers |
Year-on-Year Growth (percent) |
|
August 2009 |
July 2009 (revised)
|
|
|
||
Machinery Except Electrical |
5.3 |
0.4 |
Chemical Products |
6.2 |
6.7 |
Footwear and Wearing Apparel |
13.9 |
13.9 |
Wood and Wood Products |
20.8 |
20.8 |
Non-Metallic Mineral Products |
3.5 |
2.3 |
Textiles |
9.4 |
10.7 |
Publishing and Printing |
5.9 |
5.9 |
Beverages |
1.3 |
8.3 |
Leather Products |
3.1 |
3.8 |
|
||
Losers |
Year-on-Year Growth (percent) |
|
August 2009 |
July 2009 (revised) |
|
|
||
Petroleum Products |
-22.2 |
-31.0 |
Basic Metals |
-22.5 |
-14.1 |
Electrical Machinery |
-3.3 |
-4.4 |
Food Manufacturing |
-3.8 |
-4.4 |
Rubber and Plastic Products* |
-15.1 |
-13.2 |
Transport Equipment |
-4.2 |
-6.0 |
Paper and Paper Products |
-11.6 |
-11.9 |
Miscellaneous Manufactures |
-9.8 |
-9.3 |
Furniture and Fixtures |
-25.7 |
-11.7 |
Fabricated Metal Products |
-5.1 |
0.5 |
Tobacco Products |
-1.6 |
-1.6 |
TABLE 1-B. PRODUCER PRICE INDEX, JULY 2009 - AUGUST 2009
(2000=100)
Gainers |
Month-on-Month Growth (percent) |
|
August 2009 |
July 2009(revised) |
|
|
||
Petroleum Products |
5.4 |
1.1 |
Machinery Except Electrical |
4.9 |
0.5 |
Electrical Machinery |
1.8 |
-4.3 |
Basic Metals |
2.8 |
1.7 |
Food Manufacturing |
0.9 |
0.3 |
Fabricated Metal Products |
0.4 |
-0.7 |
Paper and Paper Products |
0.3 |
-0.5 |
Non-Metallic Mineral Products |
0.1 |
-0.7 |
Leather Products |
0.0 |
0.1 |
Footwear and Wearing Apparel |
0.0 |
0.0 |
Tobacco Products |
0.0 |
0.0 |
Wood and Wood Products |
0.0 |
0.0 |
Publishing and Printing |
0.0 |
0.0 |
Beverages |
0.0 |
0.6 |
|
||
Losers |
Month-on-Month Growth (percent) |
|
August 2009 |
July 2009 |
|
|
||
Furniture and Fixtures |
-16.0 |
6.0 |
Rubber and Plastic Products* |
-1.6 |
-0.1 |
Miscellaneous Manufactures |
-0.4 |
-3.7 |
Chemical Products |
-0.1 |
-0.2 |
Textiles |
-0.5 |
a/ |
Transport Equipment |
b/ |
0.8 |
Note:
* - new sector in the 2000-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 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