r-revised

·  Producer Price Index maintains its negative trend

The Producer Price Index (PPI, 2000=100) for the manufacturing industry slightly dropped by 0.7 percent in January 2010, compared with the year ago level, according to the preliminary results of the Monthly Producer Price Survey. Furniture and fixtures posted the biggest decline of 30.3 percent followed by fabricated metal products(-12.6%). Seven major sectors exhibited single-digit decrease led by electrical machinery (-8.5%).. On the other hand, increases in the PPI were observed in eight major sectors led by petroleum products (34.8%) Moreover, flat growths were observed in three major sectors namely:transport equipment, wood and wood products and leather products. Refer to Tables 1 and 1-A.

PPI on a month-on month basis, recorded a drop of 1.2 percent in January. Five major sectors registered single-digit decrease led by machinery except electrical (- 8.8%).. Refer to Tables 1 and 1-B.

·  Response Rate

The response rate for January 2010 is 84.6 percent, which corresponds to the retrieval of 291 sample establishments' reports. Refer to Table 2.

Response Rates for Total Manufacturing
(In percent)

·  Technical Notes

The 2009 PPI Release utilizes the amended 1994 PSIC. Rubber and Plastic Products is a new major sector, consisting of two sub-sectors, namely: Rubber Products and Plastic Products . Rubber Products was previously a major sector while Plastic Products was one of the sub-sectors of Chemical Products.

Previously, with seven sub-sectors, the major sector of Chemical Products now has six sub-sectors, namely: Basic Chemicals and Industrial Gases, Fertilizers, Paints, Drugs and Medicines, Cosmetics and Toilet Preparations and Miscellaneous Chemicals.

The weights of the major sectors and sub-sectors have been computed utilizing the results of the 2006 Census of Philippine Business and Industry for Manufacturing Establishments of ATE 20 and over. This allow the use of current available weights.

Thus, in this publication, the results of the PPI were recomputed with 2006 CPBI as weights beginning January 2009.

Non-responding sample establishments are estimated using cold-deck imputation method. Revisions to the preliminary estimates are done upon receipt of actual reports from late respondents.

TABLE 1-A. PRODUCER PRICE INDEX, DECEMBER 2009 - JANUARY 2010
(2000=100)

-5.2

TABLE 1-B. PRODUCER PRICE INDEX, DECEMBER 2009 - JANUARY 2010
(2000=100)

Note:

* - new sector in the 2000-based series

Sectors are ranked according to their contribution to the overall 2000-based 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

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Source:   National Statistics Office
                 Manila, Philippines