| Total Manufacturing | February 2011 | January 2011 |
| Producer Price Index (2000=100) | 165.0 | 165.5r |
| Year-on-Year Growth | -1.4 | -3.4r |
| Month-on-Month Growth | -0.3 | 1.6r |
r-revised
- Producer Price Index continue to posts negative trend
The Producer Price Index (PPI, 2000=100) for the manufacturing industry continue to decrease at a slower rate of -1.4 percent in February 2011, according to the preliminary results of the monthly Producer Price Survey. This was brought about by significant decrements posted by two major sectors namely: machinery except electrical (-12.8%) and furniture and fixtures (-22.0%). On the other hand, growth rates for twelve major sectors picked up led by petroleum products (19.7%); non-metallic mineral products (12.6%), and basic metals (10.1%). Refer to Tables 1 and 1-B.
FEBRUARY 2011
(2000=100)
| Gainers | Year-on-Year Growth (percent) | |
| February 2011 | January 2011 (revised) |
|
|
Petroleum Products |
19.7 |
15.9 |
|
Food Manufacturing |
7.6 |
7.3 |
|
Non-Metallic Mineral Products |
12.6 |
12.5 |
|
Rubber and Plastic Products* |
7.5 |
7.2 |
|
Tobacco Products |
5.0 |
5.0 |
|
Fabricated Metal Products |
5.7 |
5.9 |
|
Transport Equipment |
1.8 |
1.1 |
|
Textiles |
8.8 |
8.2 |
|
Leather Products |
8.7 |
10.1 |
|
Footwear and Wearing Apparel |
1.0 |
7.4 |
|
Basic Metals |
10.1 |
11.2 |
|
Beverages |
3.2 |
3.1 |
|
Publishing and Printing |
0.0 |
0.0 |
| Losers | Year-on-Year Growth (percent) | |
| February 2011 | January 2011 (revised) |
|
|
Electrical Machinery |
-7.7 |
-15.9 |
|
Machinery Except Electrical |
-12.8 |
-12.9 |
|
Miscellaneous Manufactures |
-7.2 |
-3.4 |
|
Furniture and Fixtures |
-22.0 |
-27.4 |
|
Paper and Paper Products |
-6.4 |
-4.5 |
|
Chemical Products |
-1.7 |
-1.8 |
|
Wood and Wood Products |
-4.5 |
-4.5 |
TABLE 1-B. PRODUCER PRICE INDEX, JANUARY 2011 - FEBRUARY 2011
(2000=100)
| Gainers | Month-on-Month Growth (percent) | |
| February 2011 | January 2011 (revised) |
|
|
Petroleum Products |
3.9 |
5.6 |
|
Basic Metals |
1.1 |
5.5 |
|
Food Manufacturing |
0.4 |
2.4 |
|
Transport Equipment |
0.6 |
0.9 |
|
Chemical Products |
0.2 |
-1.4 |
|
Rubber and Plastic Products* |
0.3 |
2.2 |
|
Textiles |
0.7 |
0.7 |
|
Fabricated Metal Products |
0.0 |
1.1 |
|
Wood and Wood Products |
0.0 |
-4.5 |
|
Paper and Paper Products |
0.0 |
0.8 |
|
Footwear and Wearing Apparel |
0.0 |
0.0 |
|
Beverages |
0.0 |
2.3 |
|
Tobacco Products |
0.0 |
4.8 |
|
Publishing and Printing |
0.0 |
0.0 |
|
Leather Products |
0.0 |
-0.7 |
| Losers | Month-on-Month Growth (percent) | |
| February 2011 | January 2011 (revised) |
|
|
Electrical Machinery |
-1.4 |
1.4 |
|
Machinery Except Electrical |
-1.3 |
2.8 |
|
Miscellaneous Manufactures |
-4.8 |
-0.1 |
|
Non-Metallic Mineral Products |
-0.6 |
10.9 |
|
Furniture and Fixtures |
-1.7 |
-16.4 |
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
| Attachment | Size |
|---|---|
 TABLE 1 Producer Price Index (PPI) |
15.34 KB |
|
Year-on-Year and Month-on-Month Growth Rates for Manufacturing Sector (2000=100) |
4.65 KB |