|
Total Manufacturing |
December 2009 |
November 2009 |
|
ProducerPriceIndex(2000=100) |
171.9 |
172.3r |
|
Year-on-Year Growth |
-2.9 |
-4.1r |
|
Month-on-Month Growth |
-0.2 |
0.6r |
· Producer Price Index drops at a slower rate
The Producer Price Index (PPI, 2000=100) for the manufacturing industry continued its downtrend with a decrease of 2.9 percent in December 2009, compared with the year ago level, according to the preliminary results of the Monthly Producer Price Survey. Furniture and fixtures recorded the biggest decline of 35.2. Other sectors that exhibited double-digit decreases were basic metals (-19.4%), miscellaneous manufactures (-13.6%), electrical machinery (-12.9%), fabricated metal products (-11.6%) and paper and paper products (-11.4%). On the other hand, increases in the PPI were observed in eight major sectors led by petroleum products (27.2%) and wood and wood products (19.6%). Refer to Tables 1 and 1-B.
PPI on a month-on month basis, fell by 0.2 percent in December. Eight major sectors registered decreases led by petroleum products (2.2%). Refer to Tables 1 and 1-B.
· Response Rate
The response rate for December 2009 is 91.1 percent, which corresponds to the retrieval of 287 sample establishments reports. Refer to Table 2.
Response Rates for Total Manufacturing
(In percent)
|
December 2009 |
November 2009 |
|
91.1 |
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 |
TABLE 1-A. PRODUCER PRICE INDEX, NOVEMBER 2009 - DECEMBER 2009
(2000=100)
|
Gainers |
Year-on-Year Growth (percent) |
|
|
December 2009 |
November 2009(revised) |
|
|
|
||
|
Petroleum Products |
27.2 |
16.6 |
|
Chemical Products |
4.1 |
4.0 |
|
Wood and Wood Products |
19.6 |
19.6 |
|
Footwear and Wearing Apparel |
6.3 |
9.2 |
|
Textiles |
9.1 |
8.8 |
|
Publishing and Printing |
5.9 |
5.9 |
|
Beverages |
1.1 |
1.1 |
|
Leather Products |
0.0 |
0.0 |
|
|
||
|
Losers |
Year-on-Year Growth (percent) |
|
|
December 2009 |
November 2009 |
|
|
Electrical Machinery |
-12.9 |
-12.4 |
|
Basic Metals |
-19.4 |
-23.0 |
|
Machinery Except Electrical |
-6.1 |
-8.9 |
|
Food Manufacturing |
-3.4 |
-3.7 |
|
Transport Equipment |
-6.3 |
-5.5 |
|
Miscellaneous Manufactures |
-13.6 |
-12.7 |
|
Furniture and Fixtures |
-35.2 |
-34.1 |
|
Fabricated Metal Products |
-11.6 |
-10.8 |
|
Paper and Paper Products |
-11.4 |
-12.7 |
|
Tobacco Products |
-1.6 |
-1.6 |
|
Non-Metallic Mineral Products |
-1.2 |
1.4 |
|
Rubber and Plastic Products* |
-1.1 |
-5.2 |
TABLE 1-B. PRODUCER PRICE INDEX, NOVEMBER 2009 - DECEMBER 2009
(2000=100)
|
Gainers |
Month-on-Month Growth (percent) |
|
|
December 2009 |
November2009 (revised) |
|
|
|
||
|
Machinery Except Electrical |
1.2 |
-2.7 |
|
Rubber and Plastic Products* |
2.5 |
0.1 |
|
Footwear and Wearing Apparel |
2.0 |
0.0 |
|
Electrical Machinery |
a/ |
2.5 |
|
Furniture and Fixtures |
0.2 |
-5.4 |
|
Textiles |
a/ |
0.3 |
|
Leather Products |
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 |
0.0 |
|
Paper and Paper Products |
0.0 |
0.4 |
|
|
||
|
Losers |
Month-on-Month Growth (percent) |
|
|
December 2009 |
November 2009 |
|
|
|
||
|
Petroleum Products |
-2.2 |
7.7 |
|
Food Manufacturing |
-0.5 |
-0.5 |
|
Non-Metallic Mineral Products |
-1.7 |
0.5 |
|
Basic Metals |
-0.6 |
-1.3 |
|
Transport Equipment |
-0.6 |
0.3 |
|
Miscellaneous Manufactures |
-1.1 |
0.0 |
|
Chemical Products |
-0.3 |
-0.4 |
|
Fabricated Metal Products |
-0.9 |
0.0 |
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
