Total Manufacturing | January 2007 | December 2006 |
| Producer Price Index | 250.1 | 249.8r |
| Year-on-Year Growth | -0.8 | 5.8r |
| Month-on-Month Growth | 0.1 | 0.5r |
r-revised
· Producer Price Index (PPI) decreases
The Producer Price Index (PPI) for January 2007 dropped by 0.8 percent from its year- ago figure. This was a turn around from the monthly increases observed in 2006. Furniture and fixtures registered the highest decrease in producer price at 14.2 percent. Seven (7) other sectors that posted one-digit decreases were the following: wood and wood products, textiles, leather products, basic metals, petroleum products, miscellaneous manufactures and paper and paper products. However, year-on-year increases were observed in eleven (11) major sectors, led by Footwear and Wearing Apparel. Refer to Tables 1 and 1-A.
On a month-on-month basis, PPI inched up by 0.1 percent compared to the previous month's 0.5 percent gain. This was brought about by the price increases in the following major sectors: publishing and printing, transport equipment, non-metallic mineral products, footwear and wearing apparel, chemical products, food manufacturing, electrical machinery and miscellaneous manufacture. However, one-digit decreases were noted in twelve (12) major sectors, led by textiles. Refer to Tables 1 and 1-B.
· Response Rate
The response rate for January 2007 is 80.9 percent, which corresponds to the retrieval of 246 sample establishments' reports. Refer to Table 2.
Response Rates for Total Manufacturing
(In percent)
January 2007 | December 2006 |
80.9 | 96.3 |
· Technical Notes
Weights for the PPI are based from the results of the 2003 Annual Survey of Philippine Business and Industry (ASPBI) for manufacturing establishments with average total employment (ATE) of 20 and over.
Data of non-responding sample establishments are estimated based on previous records and other available sources. Revisions to the preliminary estimates are done upon receipt of actual reports of late respondents.
(Sgd.) CARMELITA N. ERICTA |
TABLE 1-A. PRODUCER PRICE INDEX, December 2006 - January 2007
(1994 =100)
Gainers | Year-on-Year Growth (percent) | |
January 2007 | December 2006 | |
| Footwear & Wearing Apparel* | 18.5 | 19.4 |
| Non-Metallic Mineral Products | 8.4 | 3.7 |
| Chemical Products | 2.7 | 2.0 |
| Food Manufacturing | 1.2 | 7.1 |
| Transport Equipment | 3.9 | 1.5 |
| Machinery Excluding Electrical* | 5.4 | 20.3 |
| Electrical Machinery | 1.0 | 27.2 |
| Beverage | 2.8 | 2.6 |
| Rubber Products | 5.9 | 12.9 |
| Publishing & Printing* | 0.9 | -9.4 |
| Fabricated Metal Products* | 0.0 | 8.8 |
Losers | Year-on-Year Growth (percent) | |
January 2007 | December 2006 | |
| Petroleum Products | -1.6 | 1.8 |
| Furniture & Fixtures | -14.2 | -15.5 |
| Basic Metals | -1.6 | 1.8 |
| Textile | -3.1 | 4.2 |
| Wood & Wood Products | -5.2 | 6.2 |
| Paper & Paper Products | -1.3 | 5.0 |
| Miscellaneous Manufactures | -1.5 | -2.2 |
| Tobacco | -0.7 | 5.8 |
| Leather Products* | -3.1 | 25.1 |
TABLE 1-B. PRODUCER PRICE INDEX, December 2006 - January 2007
(1994=100)
Gainers | Month-on-Month Growth (percent) | |
January 2007 | December 2006 | |
| Transport Equipment | 4.1 | 1.5 |
| Food Manufacturing | 0.8 | 0.4 |
| Electrical Machinery | 0.7 | 0.2 |
| Chemical Products | 0.9 | 2.1 |
| Non-Metallic Mineral Products | 1.8 | 3.5 |
| Publishing & Printing* | 5.9 | 0.0 |
| Footwear & Wearing Apparel* | 1.0 | 0.3 |
| Miscellaneous Manufacture | 0.6 | -0.3 |
| Beverage | 0.0 | 0.0 |
Losers | Month-on-Month Growth (percent) | |
January 2007 | December 2006 | |
| Petroleum Products | -2.4 | 0.0 |
| Basic Metals | -2.9 | -0.2 |
| Textile | -4.9 | -0.3 |
| Electrical Machinery | 0.7 | 0.2 |
| Wood & Wood Products | -4.0 | 0.0 |
| Machinery Excluding Electrical* | -1.6 | 0.6 |
| Fabricated Metal Products* | -0.7 | 0.0 |
| Leather Products* | -3.9 | 0.0 |
| Paper & Paper Products | -0.4 | -1.0 |
| Tobacco | -0.4 | 0.0 |
| Rubber Products | -0.1 | -0.7 |
Note: * - new sectors in the 1994-based series
a/- Less than 0.1 percent increase
b/- Less than 0.1 percent decrease
Sectors are ranked according to their contribution to the overall 1994-based October 2006 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
