Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index
February 2019, January 2019 and February 2018
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
February
2019
|
Janaury
2019
|
February
2018
|
Producer Price Index (2000=100) |
139.3 |
139.3 r |
134.4 |
Year-on-Year Growth (%) |
3.6 |
3.8 |
0.1 |
Month-on-Month Growth (%) |
-0.04 |
5.3 |
0.1 |
- Producer Price Index increases in February 2019
The Producer Price Index (PPI, 2000=100) for manufacturing increased at an annual rate of 3.6 percent in February 2019. In January 2019, the annual rate was slightly higher at 3.8 percent while lower in February 2018 at 0.1 percent. The annual increase in the PPI in February 2019 was due to the increases of 13 major industry groups with furniture and fixtures posting the highest increment of 46.1 percent. On the other hand, wood and wood products with negative annual growth rate of 7.7 percent, led the seven major industry groups that posted decreases in this period. Refer to Tables 1 and A-1.
Month-on-month, PPI decreased by 0.04 percent in February 2019. PPI increased in the previous month at a monthly rate 5.3 percent and in February 2018, 0.1 percent. Eleven major industry groups pulled down the monthly PPI led by wood and wood products (-2.0 percent). Meanwhile, eight industry groups posted monthly increases while printing reflected a flat growth. Refer to Tables 1 and A-2.
INDUSTRY GROUP |
||
February 2019 |
January 2019
(revised)
|
|
Gainers |
|
|
Machinery Except Electrical |
5.6 |
7.2 |
Non-Metallic Mineral Products |
9.5 |
9.3 |
Transport Equipment |
2.6 |
3.6 |
Furniture & Fixtures |
46.1 |
50.1 |
Petroleum Products |
2.8 |
-6.9 |
Rubber & Plastic Products |
6.7 |
6.6 |
Tobacco Products |
5.2 |
-1.4 |
Electrical Machinery |
1.1 |
1.9 |
Beverages |
1.6 |
1.5 |
Fabricated Metal Products |
3.0 |
3.3 |
Textiles |
4.4 |
5.3 |
Paper & Paper Products |
1.5 |
2.1 |
Printing |
3.2 |
3.2 |
Losers |
|
|
Food Manufacturing |
-2.7 |
-2.7 |
Chemical Products |
-4.8 |
-5.3 |
Basic Metals |
-4.5 |
-2.6 |
Wood & Wood Products |
-7.7 |
-5.5 |
Miscellaneous Manufactures |
-4.9 |
-4.5 |
Footwear & Wearing Apparel |
-3.4 |
b/ |
Leather Products |
-4.2 |
9.9 |
INDUSTRY GROUP |
||
Fenruary 2019 |
January 2019
(revised)
|
|
Gainers |
|
|
Petroleum Products |
1.9 |
0.9 |
Transport Equipment |
0.5 |
3.5 |
Food Manufacturing |
0.2 |
-0.4 |
Non-Metallic Mineral Products |
0.8 |
1.8 |
Leather Products |
2.2 |
14.6 |
Textiles |
0.5 |
1.5 |
Rubber & Plastic Products |
a/ |
4.2 |
Tobacco Products |
7.0 |
-3.1 |
Printing |
0.0 |
0.0 |
Losers |
|
|
Machinery Except Electrical |
-1.3 |
0.8 |
Basic Metals |
-1.5 |
0.3 |
Fabricated Metal Products |
-1.8 |
3.3 |
Electrical Machinery |
-0.2 |
-1.4 |
Footwear & Wearing Apparel |
-1.5 |
-1.8 |
Wood & Wood Products |
-2.0 |
0.9 |
Paper & Paper Products |
-0.4 |
-1.0 |
Chemical Products |
-0.1 |
-5.3 |
Furniture & Fixtures |
-0.5 |
71.8 |
Miscellaneous Manufactures |
-0.1 |
2.6 |
Beverages |
b/ |
1.0 |
LISA GRACE S. BERSALES, Ph. D.
Undersecretary
National Statistician and Civil Registrar General
- Introduction
- Method of Index Computation
- Computation of Growth Rates
Year-on-year growth rates are computed by dividing the current month index by the index in the same month of the previous year less 1.
Month-on-month growth rates are computed by dividing the current month index by the previous month’s index less 1.
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 2019 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.