Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index:
December 2016, November 2016 and December 2015
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
December
2016
|
November
2016
|
December
2015
|
Producer Price Index (2000=100) |
135.2 |
134.9 r |
139.2 |
Year-on-Year Growth |
- 2.9 |
- 3.3 r |
- 7.4 |
Month-on-Month Growth |
0.2 |
0.8 r |
- 0.2 |
- Producer Price Index moves down at a slower rate in December 2016
The Producer Price Index (PPI, 2000=100) for manufacturing went down by 2.9 percent in December 2016. It went down 7.4 percent during the same period last year. This decrease was brought about by the declines posted by ten major sectors including the significant decreases reflected by the following: furniture and fixtures (-19.7%) and machinery except electrical (-11.6%). On the other hand, miscellaneous manufactures (6.4%) led the seven sectors that posted increases. Refer to Tables 1 and A-1.
On a monthly basis, PPI went up at a slower rate by 0.2 percent brought about by the increases of 11 major sectors led by petroleum products (6.0%). On the other hand, seven major sectors reflected decreases while two sectors posted flat growths. Refer to Tables 1 and A-2.
Gainers |
Year-on-Year Growth (percent) |
|
---|---|---|
December 2016 |
November 2016
(revised)
|
|
Petroleum Products |
6.3 |
-6.9 |
Food Manufacturing |
2.0 |
1.6 |
Beverages |
4.9 |
4.9 |
Miscellaneous Manufactures |
6.4 |
7.1 |
Transport Equipment |
0.9 |
-1.0 |
Textiles |
0.8 |
0.8 |
Wood and Wood Products |
0.4 |
3.9 |
Non-Metallic Mineral Products |
0.1 |
1.3 |
Printing |
0.4 |
0.3 |
Tobacco Products |
0.1 |
0.1 |
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
December 2016 |
November 2016
(revised)
|
|
Machinery except Electrical |
-11.6 |
-11.4 |
Electrical Machinery |
-3.2 |
-1.7 |
Basic Metals |
-3.7 |
-5.8 |
Chemical Products |
-2.0 |
-1.7 |
Furniture and fixtures |
-19.7 |
-17.7 |
Rubber and Plastic Products |
-2.3 |
-2.6 |
Footwear and Wearing Apparel |
-1.8 |
-1.3 |
Leather Products |
-9.0 |
-11.8 |
Paper and Paper Products |
-0.7 |
-1.5 |
Fabricated Metal Products |
-0.3 |
-0.1 |
Gainers |
Month-on-Month Growth (percent) |
|
---|---|---|
December 2016 |
November 2016
(revised)
|
|
Petroleum Products |
6.0 |
-0.3 |
Food Manufacturing |
0.5 |
-0.2 |
Basic Metals |
0.2 |
-0.1 |
Machinery except Electrical |
0.2 |
1.6 |
Transport Equipment |
0.1 |
-0.2 |
Leather Products |
3.2 |
0.8 |
Rubber and Plastic Products |
0.2 |
0.4 |
Fabricated Metal Products |
0.1 |
1.3 |
Paper and Paper Products |
0.1 |
0.3 |
Footwear and Wearing Apparel |
a/ |
0.5 |
Printing |
0.1 |
0.1 |
Beverages |
0.0 |
0.0 |
Tobacco Products |
0.0 |
0.0 |
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
December 2016 |
November 2016
(revised)
|
|
Electrical Machinery |
-0.6 |
2.4 |
Chemical Products |
-0.8 |
0.6 |
Non-Metallic Mineral Products |
-0.9 |
-0.3 |
Miscellaneous Manufactures |
-0.2 |
1.0 |
Furniture and Fixtures |
-0.3 |
1.3 |
Wood and Wood Products |
-0.2 |
-0.2 |
Textiles |
b/ |
0.3 |
- Introduction
- Method of Index Computation
- 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 December 2016 is 82.5 percent, which corresponds to the retrieval of 621 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)
|
|
---|---|
December 2016 |
November 2016
(revised)
|
82.5
|
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.