Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index:
January 2017, December 2016 and January 2016
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
January
2017
|
December
2016
|
January
2016
|
Producer Price Index (2000=100) |
138.2 |
138.2 r |
135.5 |
Year-on-Year Growth |
2.0 |
- 0.7 r |
- 7.2 |
Month-on-Month Growth |
0.0 |
0.3 r |
- 2.6 |
- Producer Price Index accelerates in January 2017
The Producer Price Index (PPI, 2000=100) for manufacturing rose by 2.0 percent in January 2017 from the negative growth of 7.2 percent during the same period last year. The upsurge can be attributed to the increases of eight out of 20 major sectors including the double-digit increment reflected in the heavily-weighted petroleum products (28.8%). On the other hand, furniture and fixtures (-11.4%) led the 12 sectors that posted decreases. Refer to Tables 1 and A-1.
Month-on-month, PPI remained at its previous month’s level of 138.2. Ten sectors posted increases led by petroleum products (6.7%) while nine major sectors registered decreases led by chemical products (-3.7%). Refer to Tables 1 and A-2.
Gainers |
Year-on-Year Growth (percent) |
|
---|---|---|
January 2017 |
December 2016
(revised)
|
|
Petroleum Products |
28.8 |
6.3 |
Food Manufacturing |
2.3 |
1.9 |
Machinery Except Electrical |
5.4 |
-11.6 |
Miscellaneous Manufactures |
9.9 |
6.1 |
Beverages |
2.8 |
4.9 |
Fabricated Metal Products |
0.9 |
-0.3 |
Printing |
2.0 |
0.4 |
Wood and Wood Products |
0.8 |
0.4 |
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
January 2017 |
December 2016
(revised)
|
|
Electrical Machinery |
-2.3 |
-3.2 |
Chemical Products |
-5.3 |
-1.1 |
Non-Metallic MIneral Products |
-6.6 |
0.2 |
Basic Metals |
-2.9 |
-3.7 |
Transport Equipment |
-1.6 |
0.9 |
Rubber and Plastic Products |
-2.8 |
-2.3 |
Furniture and Fixtures |
-11.4 |
-19.7 |
Paper and Paper Products |
-3.7 |
-0.6 |
Footwear and Wearing Apaprel |
-3.6 |
-1.8 |
Textiles |
-4.3 | -3.9 |
Leather Products |
-5.1 | -6.2 |
Tobacco Products |
-0.3 |
-0.1 |
Gainers |
Month-on-Month Growth (percent) |
|
---|---|---|
January 2017 |
December 2016
(revised)
|
|
Petroleum Products |
6.7 |
6.0 |
Machinery except Electrical |
2.4 |
0.2 |
Miscellaneous Manufactures |
5.6 |
-0.8 |
Food Manufacturing |
0.2 |
0.5 |
Beverages |
0.6 |
0.0 |
Furniture and Fixtures |
3.7 |
-0.3 |
Basic Metals |
0.1 |
0.2 |
Wood and Wood Products |
0.8 |
-0.2 |
Printing |
0.8 |
0.1 |
Leather Products |
1.5 |
-2.0 |
Fabricated Metal Products |
0.0 |
0.1 |
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
January 2017 |
December 2016
(revised)
|
|
Chemical Products |
-3.7 |
0.2 |
Transport Equipment |
-1.8 |
0.1 |
Rubber and Plastic Products |
-2.5 |
0.2 |
Non-Metallic MIneral Products |
-1.9 |
-0.8 |
Paper and Paper Products |
-2.6 |
0.1 |
Electrical Machinery |
b/ |
-0.6 |
Footwear and Wearing Apparel |
-0.5 | 0.1 |
Textiles |
-0.4 | 0.0 |
Tobacco Products |
-0.4 |
0.0 |
- Response Rate
The response rate for January 2017 is 70.2 percent, which corresponds to the retrieval of 523 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)
|
|
---|---|
January 2017 |
December2016
(revised)
|
70.2
|
88.6 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