Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index:
December 2018, November 2018 and December 2017
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
December
2018
|
November
2018
|
December
2017
|
Producer Price Index (2000=100) |
132.9 |
133.2 r |
131.9 |
Year-on-Year Growth |
0.8 |
0.8 |
-1.1 |
Month-on-Month Growth |
-0.2 |
-0.1 |
-0.2 |
- Producer Price Index slightly increases in December 2018
The Producer Price Index (PPI, 2000=100) for manufacturing slightly increased at a rate of 0.8 percent in December 2018, from a negative growth rate of 1.1 percent during the same period of previous year. The upturn can be attributed to the increases of 13 out of 20 major industry groups led by beverages with 14.2 percent annual growth. On the other hand, leather products with negative annual growth rate of 17.2 percent led the seven industry groups that posted decreases. Refer to Tables 1 and A-1.
Month-on-month, PPI slightly descended by 0.2 percent from the previous month’s rate of negative 1.0 percent with eight major industry groups recording negative growths. Moreover, nine major industry groups posted increments while three major industry groups reflected flat growths. Refer to Tables 1 and A-2.
INDUSTRY GROUP |
||
December 2018 |
November 2018
(revised)
|
|
Gainers |
|
|
Petroleum Products |
9.0 |
12.9 |
Electrical Machinery |
7.5 |
7.0 |
Machinery Except Electrical |
12.6 |
10.4 |
Beverages |
14.2 |
14.2 |
Tobacco Products |
13.7 |
19.7 |
Non-Metallic Mineral Products |
8.2 |
7.7 |
Paper & Paper Products |
4.8 |
2.4 |
Footwear & Wearing Apparel |
4.1 |
1.6 |
Basic Metals |
0.9 |
5.9 |
Textiles |
4.0 |
6.5 |
Printing |
4.3 |
4.3 |
Fabricated Metal Products |
1.1 |
0.2 |
Miscellaneous Manufactures |
0.1 |
-1.8 |
Losers |
|
|
Transport Equipment |
-0.9 |
-0.3 |
Rubber & Plastic Products |
-2.9 |
-3.0 |
Leather Products |
-17.2 |
-6.7 |
Furniture & Fixtures |
-7.1 |
-7.9 |
Wood & Wood Products |
-4.8 |
-3.1 |
Chemical Products |
-0.2 |
-1.2 |
Food Manufacturing |
b/ |
0.1 |
INDUSTRY GROUP |
||
December 2018 |
November 2018
(revised)
|
|
Gainers |
|
|
Machinery Except Electrical |
1.5 |
0.9 |
Electrical Machinery |
0.2 |
-1.5 |
Miscellaneous Manufactures |
1.4 |
-1.4 |
Paper & Paper Products |
0.9 |
0.1 |
Fabricated Metal Products |
0.4 |
-0.4 |
Footwear & Wearing Apparel |
0.6 |
-0.2 |
Non-Metallic Mineral Products |
0.2 |
-1.8 |
Furniture & Fixtures |
0.4 |
-1.5 |
Rubber & Plastic Products |
a/ |
0.4 |
Beverages |
0.0 |
a/ |
Tobacco Products |
0.0 |
a/ |
Printing |
0.0 |
0.0 |
Losers |
|
|
Petroleum Products |
-2.8 |
-4.1 |
Basic Metals |
-4.6 |
0.8 |
Transport Equipment |
-0.6 |
-1.7 |
Leather Products |
-12.1 |
-0.1 |
Textiles |
-2.5 |
0.7 |
Wood & Wood Products |
-1.7 |
1.0 |
Food Manufacturing |
b/ |
-0.6 |
Chemical Products |
b/ |
0.3 |
b/ - Less than 0.05 percent decrease
JOSIE B. PEREZ
Assistant Secretary
(Deputy National Statistician)
Officer-in-Charge
- Introduction
- Method of Index Computation
Starting with January 2017 PPI, a link factor has been used to adjust weight effects and measure the correct price change.
- 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 2018 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 industry groups categorized into sub-industry classes
See more at the Producer Price Survey (PPS) main page.