|
Total Manufacturing |
August 2010 |
July 2010 |
|
Producer Price Index (2000=100) |
162.6 |
163.9r |
|
Year-on-Year Growth |
-7.5 |
-5.6r |
|
Month-on-Month Growth |
-0.8 |
-0.1r |
r-revised
· Producer Price Index slides further
The Producer Price Index (PPI, 2000=100) for the manufacturing industry declined by 7.5 percent in August 2010 compared with the year ago level, according to the preliminary results of the monthly Producer Price Survey. Three out of eight major sectors registered double-digit price decreases led by machinery except electrical (-22.2%). This was followed by two other major sectors namely: electrical machinery (17.1%) and furniture and fixtures (13.0%). On the other hand, twelve major sectors exhibited increments in PPI with significant price increase noted in leather products (13.3%) and footwear and wearing apparel (10.9%). Refer to Tables 1 and 1-B.
On a month-on month basis, PPI decreased by 0.8 percent. Eleven major sectors reflected decrement in price led by petroleum products which dropped 3.2 percent. Four major sectors exhibited increase growth, while flat growths were observed in five major sectors. Refer to Tables 1 and 1-B.
· Response Rate
The response rate for August 2010 is 88.8 percent, which corresponds to the retrieval of 285 sample establishments reports. Refer to Table 2.
Response Rates for Total Manufacturing
(In percent)
|
August 2010 |
July 2010 |
|
88.8 |
96.0r |
· Technical Notes
The National Statistics Office generates various price indices, one of this is the Producer Price Index. (PPI). The PPI is generated through the results of the Producers Price Survey (PPS) conducted nationwide. The survey gathers monthly actual producer prices of selected products included in the market basket.
PPI utilizes the Paasche-type method of index computation with weights computed from the production concentration ratio of the Census of Philippine Business and Industry (CPBI)/ Annual Survey of Philippine Business and Industry (ASPBI). The weights are updated as soon as new results of the ASPBI/CPBI are available and applied at the beginning of each survey year.
Hence, the weights of the major sectors and sub-sectors for the 2009 PPI were computed from the results of the 2006 CPBI for Manufacturing Establishments of total employment of 20 and over, which is the latest census results.
Moreover, for industry classification, the 2010 PPI utilizes the amended 1994 Philippine Standard Industry Classification. There are 20 major sectors covered by the 2010 PPS with three consisting of subsectors.
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 |
TABLE 1-A. PRODUCER PRICE INDEX, JULY 2010 - AUGUST 2010
(2000=100)
|
Gainers |
Year-on-Year Growth (percent) |
|
|
August 2010 |
July 2010 |
|
|
|
||
|
Footwear and Wearing Apparel |
10.9 |
10.5 |
|
Food Manufacturing |
1.7 |
1.4 |
|
Rubber and Plastic Products* |
4.1 |
3.3 |
|
Tobacco Products |
3.3 |
3.3 |
|
Leather Products |
13.3 |
11.4 |
|
Beverages |
1.1 |
1.1 |
|
Publishing and Printing |
3.4 |
3.4 |
|
Fabricated Metal Products |
1.2 |
1.7 |
|
Transport Equipment |
0.3 |
1.4 |
|
Paper and Paper Products |
0.8 |
0.8 |
|
Non-Metallic Mineral Products |
0.1 |
0.5 |
|
Wood and Wood Products |
0.0 |
0.0 |
|
|
||
|
Losers |
Year-on-Year Growth (percent) |
|
|
August 2010 |
July 2010 |
|
|
|
||
|
Chemical Products |
-0.1 |
-0.9 |
|
Miscellaneous Manufactures |
-2.5 |
-3.4 |
|
Textiles |
-2.8 |
-3.3 |
|
Petroleum Products |
-3.1 |
5.5 |
|
Basic Metals |
-6.5 |
-1.5 |
|
Furniture and Fixtures |
-13.0 |
-27.9 |
|
Electrical Machinery |
-17.1 |
-15.2 |
|
Machinery Except Electrical |
-22.2 |
-17.3 |
TABLE 1-B. PRODUCER PRICE INDEX, JULY 2010 - AUGUST 2010
(2000=100)
|
Gainers |
Month-on-Month Growth (percent) |
|
|
August 2010 |
July 2010 |
|
|
|
||
|
Leather Products |
1.7 |
1.3 |
|
Paper and Paper Products |
0.7 |
1.2 |
|
Food Manufacturing |
0.4 |
6.3 |
|
Footwear and Wearing Apparel |
0.4 |
-1.0 |
|
Textiles |
0.0 |
-3.2 |
|
Beverages |
0.0 |
0.0 |
|
Tobacco Products |
0.0 |
7.9 |
|
Publishing and Printing |
0.0 |
0.0 |
|
Wood and Wood Products |
0.0 |
0.0 |
|
|
||
|
Losers |
Month-on-Month Growth (percent) |
|
|
August 2010 |
July 2010 |
|
|
|
||
|
Transport Equipment |
-0.1 |
0.7 |
|
Chemical Products |
-0.1 |
0.9 |
|
Fabricated Metal Products |
-0.1 |
-1.8 |
|
Basic Metals |
-0.2 |
-1.6 |
|
Rubber and Plastic Products* |
-0.2 |
0.0 |
|
Non-Metallic Mineral Products |
-0.2 |
-0.5 |
|
Miscellaneous Manufactures |
-0.2 |
-1.0 |
|
Machinery Except Electrical |
-1.3 |
0.3 |
|
Electrical Machinery |
-1.5 |
0.1 |
|
Furniture and Fixtures |
-2.2 |
3.1 |
|
Petroleum Products |
-3.2 |
-3.0 |
Note:
* - 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
