Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index: February 2015 and January 2015 |
||
---|---|---|
TOTAL MANUFACTURING |
February
2015
|
January
2015
|
Producer Price Index (2000=100) |
144.7 |
144.1 r |
Year-on-Year Growth |
-5.1 |
-5.0 r |
Month-on-Month Growth |
0.5 |
-2.4 |
- Producer Price Index slides down in February 2015
Producer Price Index (PPI, 2000=100) for manufacturing falls by 5.1 percent in February 2015 compared to negative 0.8 percent posted in February 2014. Thirteen of the twenty major sectors posted decreases led by the significant decreases of petroleum products (-26.3%), furniture and fixtures (-24.7%) and wood and wood products (-12.5%). On the other hand, only five of the twenty major sectors registered increases led by rubber and plastic products (2.9%) and tobacco products (2.9%). Refer to Tables 1 and A-1.
On a monthly basis, PPI posted increments after manifesting negative monthly growth rates since October 2014. This can be traced to the increases of five sectors led by the heavily weighted petroleum products (8.7%). Furthermore, seven sectors posted decreases while seven sectors remained flat. Refer to Tables 1 and A-2.
Gainers |
Year-on-Year Growth (percent) |
|
---|---|---|
February 2015 |
January 2015
(revised)
|
|
Food Manufacturing |
0.7 |
a/ |
Rubber and Plastic Products |
2.9 |
2.5 |
Beverages |
0.8 |
0.8 |
Tobacco Products |
2.9 |
6.3 |
Textiles |
2.8 |
2.8 |
Machinery Except Electrical |
0.0 |
-0.6 |
Printing |
0.0 |
0.0 |
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
February 2015 |
January 2015
(revised)
|
|
Petroleum Products |
-26.3 |
-32.2 |
Electrical Machinery |
-5.4 |
-5.2 |
Basic Metals |
-6.8 |
-3.4 |
Transport Equipment |
-2.6 |
-0.3 |
Wood and Wood Products |
-12.5 |
-3.4 |
Miscellaneous Manufactures |
-5.5 |
-13.1 |
Paper and Paper Products |
-4.8 |
-2.8 |
Non-Metallic Mineral Products |
-2.1 |
-2.2 |
Fabricated Metal Products |
-2.8 |
-4.2 |
Chemical Products |
-0.8 |
0.0 |
Footwear and Wearing Apparel |
-1.0 |
-4.0 |
Leather Products |
-0.1 |
-0.1 |
Furniture and fixtures |
-24.7 |
-21.6 |
Gainers |
Month-on-Month Growth (percent) |
|
---|---|---|
February 2015 |
January 2015
(revised)
|
|
Petroleum Products |
8.7 |
-14.7 |
Furniture and Fixtures |
4.7 |
-16.4 |
Fabricated Metal Products |
0.9 |
-0.6 |
Miscellaneous Manufactures |
0.3 |
-1.8 |
Paper and Paper Products |
0.2 |
-2.8 |
Food Manufacturing |
a/ |
-0.6 |
Chemical Products |
0.0 |
0.2 |
Beverages |
0.0 |
0.0 |
Textiles |
0.0 |
2.3 |
Tobacco |
0.0 |
0.8 |
Printing |
0.0 |
0.0 |
Rubber and Plastic Products |
0.0 |
1.3 |
Leather Products |
0.0 |
-0.1 |
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
February 2015 |
January 2015
(revised)
|
|
Electrical Machinery |
-0.6 |
0.1 |
Transport Equipment |
-0.9 |
-0.8 |
Wood & Wood Products |
-8.2 |
-2.6 |
Basic Metals |
-0.9 |
-0.4 |
Non-Metallic Mineral Products |
-0.5 |
-0.6 |
Machinery Except Electrical |
-0.1 |
-1.0 |
Footwear and Wearing Apparel |
-0.3 |
2.5 |
- 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. Selected industry classes of the 2009 PSIC were grouped to form the 20 industry groupings of the 2014 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 2015 is 80.2 percent, which corresponds to the retrieval of 442 establishments’ reports out of the 551 samples for the survey. Refer to Table B.
Table B Response Rates For Total Manufacturing
(In Percent)
|
|
---|---|
February 2015 |
January 2015
(revised)
|
80.2 |
91.8r |
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.