Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index:
August 2016, July 2016 and August 2015
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
August
2016
|
July
2016
|
August
2015
|
Producer Price Index (2000=100) |
133.0 |
133.5 r |
139.2 |
Year-on-Year Growth |
- 4.5 |
- 4.1 r |
- 7.9 |
Month-on-Month Growth |
- 0.4 |
- 0.9 r |
0.0 |
- Producer Price Index decelerates in August 2016
The Producer Price Index (PPI, 2000=100) for manufacturing declined at a slower rate of 4.5 percent in August 2016 compared with a negative 7.9 percent during the same period last year. This was brought about by the decreases of 14 major sectors, with furniture and fixtures (-23.8%) and machinery except electrical (-18.2%) recording double-digit decrements. On the other hand, miscellaneous manufactures (5.2%) led the six major sectors that posted increases. Refer to Tables 1 and A-1.
On a monthly basis, the PPI slipped by 0.4 percent in August from negative 0.9 percent a month earlier. Basic metals (-2.3%) led the 13 major sectors that posted decreases. On the other hand, five major sectors reflected increases while two sectors posted flat growths. Refer to Tables 1 and A-2.
![](/sites/default/files/u2232/63388_PP1608F1.gif)
![](/sites/default/files/u2232/63388_PP1608F2.gif)
Gainers |
Year-on-Year Growth (percent) |
|
---|---|---|
August 2016 |
July 2016
(revised)
|
|
Food Manufacturing |
2.1 |
1.4 |
Beverages |
4.4 |
4.4 |
Miscellaneous Manufactures |
5.2 |
6.3 |
Non-Metallic Mineral Products |
1.6 |
1.9 |
Electrical Machinery |
0.2 |
0.5 |
Tobacco Products |
0.1 |
0.1 |
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
August 2016 |
July 2016
(revised)
|
|
Machinery except Electrical |
-18.2 |
-16.4 |
Petroleum Products |
-8.8 |
-11.3 |
Basic Metals |
-5.2 |
-4.4 |
Chemical Products |
-2.1 |
-0.9 |
Furniture and Fixtures |
-23.8 |
-23.7 |
Transport Equipment |
-1.0 |
-1.6 |
Rubber and Plastic Products |
-2.7 |
-1.9 |
Footwear and Wearing Apparel |
-5.2 |
-4.6 |
Fabricated Metal Products |
-1.1 |
0.6 |
Wood and Wood Products |
-2.5 |
-1.0 |
Leather Products |
-6.1 |
-5.4 |
Paper and Paper Products |
-0.3 |
-0.8 |
Printing |
-0.8 |
-0.7 |
Textiles |
-0.7 |
0.2 |
Gainers |
Month-on-Month Growth (percent) |
|
---|---|---|
August 2016 |
July 2016
(revised)
|
|
Food Manufacturing |
0.2 |
0.0 |
Paper and Paper Products |
1.0 |
-0.3 |
Transport Equipment |
0.1 |
-1.0 |
Wood and Wood Products |
0.3 |
0.0 |
Footwear and Wearing Apparel |
0.1 |
-0.5 |
Beverages |
0.0 |
0.0 |
Tobacco Products |
0.0 |
-0.3 |
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
August 2016 |
July 2016
(revised)
|
|
Basic Metals |
-2.3 |
0.3 |
Electrical Machinery |
-0.4 |
-2.3 |
Machinery except Electrical |
-1.0 |
-0.3 |
Chemical Products |
-0.9 |
0.0 |
Fabricated Metal Products |
-0.9 |
0.4 |
Petroleum Products |
-0.1 |
-2.5 |
Miscellaneous Manufactures |
-0.7 |
0.1 |
Furniture and Fixtures |
-0.8 |
-0.4 |
Rubber and Plastic Products |
-0.1 |
0.0 |
Non-Metallic Mineral Products |
b/ |
-0.6 |
Leather Products |
-0.3 |
-0.2 |
Textiles |
-0.1 |
0.0 |
Printing |
b/ |
0.0 |
- Introduction
- Method of Index Computation
![](/sites/default/files/betafiles/producer-price-survey/63388_Formula1_PPS_2.png)
![](/sites/default/files/betafiles/producer-price-survey/63388_Formula2_PPS_2.png)
![](/sites/default/files/betafiles/producer-price-survey/63388_Formula3_PPS_3.png)
![](/sites/default/files/betafiles/producer-price-survey/63388_Formula4_PPS_3.png)
- 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
- Response Rate
The response rate for August 2016 is 80.6 percent, which corresponds to the retrieval of 607 establishments’ reports out of the 753 samples for the survey. Refer to Tables 2 and B.
Table B Response Rates For Total Manufacturing
(In Percent)
|
|
---|---|
August 2016 |
July 2016
(revised)
|
80.6 |
88.3 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.