Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index: February 2014 and January 2014 | ||
|---|---|---|
TOTAL MANUFACTURING | February 2014 | January 2014 |
| Producer Price Index (2000=100) | 153.2 | 152.1 r |
| Year-on-Year Growth | -0.4 | -0.7 r |
| Month-on-Month Growth | 0.7 | -0.1 |
- Producer Price Index posts negative annual rate
Producer Price Index (PPI, 2000=100) for manufacturing decelerated by 0.4 percent in February 2014 from negative 0.7 percent in January 2014. Eight sectors reflected decreases but the downtrend can be mainly attributed to the double-digit decrease of furniture and fixtures (-23.7%). On the other hand, petroleum products with an increase of 5.3 percent led the sectors that posted single-digit increases. Refer to Tables 1 and A-1.
On a month-on-month basis, PPI accelerated by 0.7 percent in February 2014. Furniture and fixtures with an increase of 9.1 percent led the sectors that reflected growth. On the other hand, three sectors posted flat growths while ten sectors posted decrements. Refer to Tables 1 and A-2
Gainers | Year-on-Year Growth (percent) | |
|---|---|---|
| February 2014 | January 2014 (revised) | |
| Electrical Machinery | 4.8 | 4.6 |
| Food Manufacturing | 3.7 | 2.3 |
| Petroleum Products | 5.3 | 7.9 |
| Non-Metallic Mineral Products | 2.9 | 4.2 |
| Miscellaneous Manufactures | 3.5 | 11.7 |
| Footwear and Wearing Apparel | 4.0 | 3.2 |
| Chemical Products | 0.4 | 1.0 |
| Wood & Wood Products | 2.7 | 1.2 |
| Rubber and Plastic Products | 0.6 | 0.8 |
| Beverages | 0.3 | 0.6 |
| Leather Products | 3.5 | 3.5 |
| Printing | 0.0 | 0.0 |
Losers | Year-on-Year Growth (percent) | |
|---|---|---|
| February 2014 | January 2014 (revised) | |
| Machinery Except Electrical | -8.3 | -7.4 |
| Basic Metals | -6.9 | -7.7 |
| Furniture and fixtures | -23.7 | -36.2 |
| Transport Equipment | -1.1 | -0.3 |
| Fabricated Metal Products | -4.0 | -2.9 |
| Paper and Paper Products | -0.8 | 1.3 |
| Tobacco Products | -0.2 | -0.2 |
| Textile | -0.2 | -0.3 |
TABLE A-2 Producer Price Index, January 2014 – February 2014
Gainers | Month-on-Month Growth (percent) | |
|---|---|---|
| February 2014 | January 2013 (revised) | |
| Food Manufacturing | 1.2 | 0.5 |
| Transport Equipment | 1.4 | -0.3 |
| Electrical Machinery | 0.4 | 2.7 |
| Chemical Products | 0.9 | 0.1 |
| Furniture & Fixtures | 9.1 | -4.3 |
| Wood & Wood Products | 1.4 | 1.3 |
| Basic Metals | 0.1 | -0.7 |
| Beverages | 0.0 | 0.3 |
| Printing | 0.0 | 0.0 |
| Tobacco | 0.0 | -0.2 |
Losers | Month-on-Month Growth (percent) | |
|---|---|---|
| February 2014 | January 2014 (revised) | |
| Miscellaneous Manufactures | -4.3 | 3.9 |
| Machinery Except Electrical | -0.9 | -5.2 |
| Non-Metallic Mineral Products | -0.7 | 1.9 |
| Petroleum Products | -0.2 | -5.1 |
| Fabricated Metal Products | -0.5 | -0.2 |
| Rubber and Plastic Products | -0.2 | 0.9 |
| Footwear and Wearing Apparel | -0.2 | 3.1 |
| Paper and paper products | -0.1 | 0.9 |
| Leather Products | b/ | 2.6 |
| Textiles | b/ | 0.9 |
Notes:
- Introduction
- Method of Index Computation
- Industry Coverage
Starting with January 2013 reference month, the PPI utilizes the 2009 Philippine Standard Industry Classification (PSIC) to classify sectors and industries. Twenty industry classes of the 2009 PSIC were grouped to form the industry coverage of the 2013 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 February 2014 is 85.9 percent, which corresponds to the retrieval of 311 establishments’ reports out of the 362 samples for the survey. Refer to Table B.
Table B Response Rates For Total Manufacturing (In Percent) | |
|---|---|
February 2014 | January 2014 (revised) |
85.9 | 94.8 |
Missing prices for products of sample establishments are estimated using the short-term relative change of all available prices within the same industry class. Revisions to the preliminary estimates are done upon receipt of actual reports from late respondents.
(Sgd) ROMEO S. RECIDE
Interim National Statistician
| Attachment | Size |
|---|---|
 TABLE 1 Producer Price Index |
74.05 KB |
|
Year-on-Year and Month-on-Month Growth Rates for Manufacturing Sector |
34.33 KB |