Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index: January 2015 and December 2014 |
||
---|---|---|
TOTAL MANUFACTURING |
January
2015
|
December
2014
|
Producer Price Index (2000=100) |
145.4 |
147.5 r |
Year-on-Year Growth |
-4.1 |
-3.2 r |
Month-on-Month Growth |
-1.4 |
-0.9 |
- Producer Price Index drops further in January 2015
Producer Price Index (PPI, 2000=100) for manufacturing decelerated by 4.1 percent in January 2015 compared to negative 1.0 percent posted in January 2014. Thirteen out of twenty major sectors posted decrements led by the significant decreases of petroleum products (-27.1%), furniture and fixtures (-14.4%) and miscellaneous manufactures (-12.2%). On the other hand, only five of the twenty major sectors reflected increments led by tobacco products (6.3%). Refer to Tables 1 and A-1.
On a monthly basis, PPI likewise decreased by 1.4 percent in January 2015 compared with a negative 0.4 percent in January 2014. Eleven major sectors led by furniture and fixtures (-8.7%) reflected declines. In addition, the decreased posted by petroleum products (-8.4%) further pulled down the performance of the January 2015 PPI. Furthermore, eight sectors posted increases while one sector remained flat. Refer to Tables 1 and A-2.
Gainers |
Year-on-Year Growth (percent) |
|
---|---|---|
January 2015 |
December 2014
(revised)
|
|
Food Manufacturing |
1.1 |
2.9 |
Rubber and Plastic Products |
2.5 |
2.1 |
Tobacco Products |
6.3 |
11.4 |
Chemical Products |
0.2 |
0.0 |
Textiles |
3.0 |
1.1 |
Beverages |
0.0 |
0.0 |
Printing |
0.0 |
0.0 |
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
January 2015 |
December 2014
(revised)
|
|
Petroleum Products |
-27.1 |
-27.1 |
Basic Metals |
-3.4 |
-11.9 |
Miscellaneous Manufactures |
-12.2 |
-7.0 |
Furniture and fixtures |
-14.4 |
-10.2 |
Fabricated Metal Products |
-5.2 |
-4.8 |
Footwear and Wearing Apparel |
-5.6 |
-3.4 |
Paper and Paper Products |
-3.2 |
1.3 |
Non-Metallic Mineral Products |
-1.5 |
0.0 |
Machinery Except Electrical |
-0.6 |
-6.9 |
Wood and Wood Products |
-3.4 |
0.4 |
Transport Equipment |
-0.2 |
0.2 |
Leather Products |
-0.1 |
2.6 |
Electrical Machinery |
-5.2 |
-1.1 |
Gainers |
Month-on-Month Growth (percent) |
|
---|---|---|
January 2015 |
December 2014
(revised)
|
|
Beverages |
0.9 |
0.0 |
Chemical Products |
0.5 |
0.3 |
Textiles |
2.5 |
0.0 |
Electrical Machinery |
0.1 |
-1.7 |
Footwear and Wearing Apparel |
0.7 |
-0.1 |
Non-Metallic Mineral Products |
0.1 |
-1.2 |
Rubber and Plastic Products |
1.3 |
0.3 |
Tobacco |
0.8 |
0.0 |
Printing |
0.0 |
0.0 |
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
January 2015 |
December 2014
(revised)
|
|
Petroleum Products |
-8.4 |
-8.0 |
Food Manufacturing |
-0.8 |
0.1 |
Transport Equipment |
-0.7 |
0.1 |
Machinery Except Electrical |
-1.0 |
-0.6 |
Paper and Paper Products |
-3.2 |
-0.4 |
Furniture and Fixtures |
-8.7 |
1.5 |
Basic Metals |
-0.4 |
-1.1 |
Wood & Wood Products |
-2.6 |
-0.5 |
Miscellaneous Manufactures |
-0.8 |
-0.6 |
Fabricated Metal Products |
-0.6 |
0.0 |
Leather Products |
b/ |
0.0 |
- 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 January 2015 is 78.6 percent, which corresponds to the retrieval of 299 establishments’ reports out of the 358 samples for the survey. Refer to Table B.
Table B Response Rates For Total Manufacturing
(In Percent)
|
|
---|---|
January 2015 |
December 2014
(revised)
|
78.6 |
94.4r |
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.