Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index:
February 2017, January 2017 and February 2016
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
February
2017
|
January
2017
|
February
2016
|
Producer Price Index (2000=100) |
138.9 |
138.3 r |
135.9 |
Year-on-Year Growth |
2.2 |
2.1 r |
- 5.6 |
Month-on-Month Growth |
0.4 |
2.2 r |
0.2 |
- Producer Price Index accelerates in February 2017
The Producer Price Index (PPI, 2000=100) for manufacturing advanced by 2.2 percent in February 2017 from the negative growth of 5.6 percent during the same period of previous year. The uptrend was supported mainly by the increases in nine out of 20 sectors, including the significant increment manifested by the heavily-weighted petroleum products (31.5%). On the contrary, furniture and fixtures (-11.6%) led the 10 sectors that posted decreases. Refer to Tables 1 and A-1.
On a monthly basis, PPI increased at a slower rate of 0.4 percent in February 2017 from the previous month’s rate of 2.2 percent. This was brought about by the increments posted by 13 sectors led by furniture and fixtures (2.3%). Meanwhile, three sectors posted decreases led by food manufacturing (-1.3%) while four sectors reflected flat growths. Refer to Tables 1 and A-2.
Gainers |
Year-on-Year Growth (percent) |
|
---|---|---|
February 2017 |
January 2017
(revised)
|
|
Petroleum Products |
31.5 |
27.7 |
Machinery Except Electrical |
3.9 |
3.3 |
Transport Equipment |
2.1 |
1.6 |
Food Manufacturing |
1.1 |
2.9 |
Miscellaneous Manufactures |
4.8 |
4.3 |
Beverages |
0.5 |
0.5 |
Printing |
2.7 |
2.2 |
Footwear and Wearing Apparel |
0.6 | -2.7 |
Tobacco Products |
0.1 | 0.1 |
Wood and Wood Products |
0.0 |
0.4 |
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
February 2017 |
January 2017
(revised)
|
|
Electrical Machinery |
-3.3 |
-3.4 |
Fabricated Metal Products |
-11.5 |
-9.2 |
Non-Metallic MIneral Products |
-6.0 |
-7.5 |
Rubber and Plastic Products |
-4.3 |
-4.9 |
Basic Metals |
-1.6 |
-2.0 |
Chemical Products |
-1.1 |
-1.5 |
Furniture and Fixtures |
-11.6 |
-13.2 |
Textlles |
-4.2 |
-4.5 |
Paper and Paper Products |
-0.9 |
-0.8 |
Leather Products |
-5.0 | -5.1 |
Gainers |
Month-on-Month Growth (percent) |
|
---|---|---|
February 2017 |
January 2017
(revised)
|
|
Electrical Machinery |
1.6 |
-1.2 |
Petroleum Products |
0.5 |
5.9 |
Machinery Except Electrical |
0.7 |
0.4 |
Basic Metals |
0.6 |
1.1 |
Non-Metallic Mineral Products |
0.4 |
-2.8 |
Furniture and Fixtures |
2.3 |
1.6 |
Miscellaneous Manufactures |
0.6 |
0.3 |
Rubber and Plastic Products |
0.2 |
-4.6 |
Leather Products |
1.8 |
1.5 |
Footwear and Wearing Apparel |
0.3 |
0.4 |
Beverages |
a/ |
-1.6 |
Printing |
0.5 | 1.1 |
Chemical Products |
0.0 | 0.1 |
Transport Equipment |
0.0 | 1.4 |
Textiles |
a/ | -0.6 |
Wood and Wood Products |
0.0 | 0.3 |
Tobacco Products |
0.0 | 0.0 |
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
February 2017 |
January 2017
(revised)
|
|
Food Manufacturing |
-1.3 |
0.8 |
Fabricated Metal Products |
-0.9 |
-10.1 |
Paper and Paper Products |
-0.2 |
2.3 |
- Response Rate
The response rate for February 2017 is 70.6 percent, which corresponds to the retrieval of 532 establishments’ reports out of the 745 samples for the survey. Refer to Tables 2 and B.
Table B Response Rates For Total Manufacturing
(In Percent)
|
|
---|---|
February 2017 |
January 2017
(revised)
|
70.6
|
84.0 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.
- 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