|
Total Manufacturing |
July 2007 |
June 2007 |
|
Producer Price Index (1994=100) |
255.3 |
254.6r |
|
Year-on-Year Growth |
0.7 |
1.4 |
|
Month-on-Month Growth |
0.3 |
0.3 |
r-revised
· Producer Price Index (PPI) registers slower growth
The Producer Price Index (PPI) for the manufacturing industry recorded a slower increase of 0.7 percent in July 2007. Fourteen (14) of the 20 major sectors reported price increases, with double-digit increases observed in the following:publishing and printing (20.9%), basic metals (12.4%)and footwear and wearing apparel (10.3%). . On the other hand, six (6) major sectors registered year-on-year decreases in producer price, with two-digit decreases observed in furniture and fixtures (-19.8%) and miscellaneous manufactures (-12.0%). Refer to Tables 1 and 1-A.
On a monthly basis, PPI also posted a 0.3 percent growth in July 2007. Major sectors that posted price increases were petroleum products, basic metals,beverages, chemical products, machinery excluding electrical, textiles, transport equipment, wood and wood products, leather products and paper and paper products. Refer to Tables 1 and 1-B.
· Response Rate
The response rate for July 2007 is 87.9 percent, which corresponds to the retrieval of 268 sample establishments� reports. Refer to Table 2.
Response Rates for Total Manufacturing
(In percent)
|
July 2007 |
June 2007 |
|
87.9 |
94.1 |
· 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, JUNE - JULY 2007
(1994 =100)
|
Gainers |
Year-on-Year Growth (percent) |
|
|
July 2007 |
June 2007 |
|
|
|
||
|
Food Manufacturing |
5.2 |
5.5 |
|
Basic Metals* |
12.4 |
10.7 |
|
Footwear and Wearing Apparel* |
10.3 |
0.0 |
|
Chemical Products |
4.0 |
4.6 |
|
Non-Metallic Mineral Products |
5.7 |
20.9 |
|
Publishing and Printing |
20.9 |
1.8 |
|
Beverages |
2.2 |
1.5 |
|
Transport Equipment |
1.9 |
1.2 |
|
Paper and Paper Products |
1.5 |
1.9 |
|
Textiles |
1.5 |
1.2 |
|
Leather Products* |
9.3 |
1.7 |
|
Machinery Excluding Electrical* |
1.1 |
2.1 |
|
Rubber Products |
0.1 |
0.0 |
|
Fabricated Metal Products |
2.7 |
-2.5 |
|
|
||
|
Losers |
Year-on-Year Growth (percent) |
|
|
July 2007 |
June 2007 |
|
|
|
||
|
Petroleum Products |
-9.5 |
-0.5 |
|
Electrical Machinery |
-4.9 |
0.0 |
|
Miscellaneous Manufactures |
-12.0 |
-13.3 |
|
Furniture and Fixtures |
-19.8 |
-4.4 |
|
Wood & Wood Products |
-4.6 |
-0.7 |
|
Tobacco |
-0.7 |
-0.7 |
TABLE 1-B. PRODUCER PRICE INDEX, JUNE - JULY 2007
(1994=100)
|
Gainers |
Month-on-Month Growth (percent) |
|
|
July 2007 |
June 2007 |
|
|
|
||
|
Petroleum Products |
2.4 |
1.8 |
|
Basic Metals |
2.4 |
0.1 |
|
Beverages |
1.4 |
-1.4 |
|
Chemical Products |
0.4 |
1.1 |
|
Machinery Excluding Electrical* |
1.4 |
0.4 |
|
Textiles |
0.3 |
0.3 |
|
Transport Equipment |
0.1 |
0.8 |
|
Wood & Wood Products |
0.6 |
-0.5 |
|
Leather Products* |
0.2 |
3.3 |
|
Paper & Paper Products |
0.7 |
-1.9 |
|
Publishing & Printing * |
0.0 |
0.0 |
|
Tobacco |
0.0 |
0.0 |
|
Footwear and Wearing Apparel* |
0.0 |
0.7 |
|
|
||
|
Losers |
Month-on-Month Growth (percent) |
|
|
July 2007 |
June 2007 |
|
|
|
||
|
Electrical Machinery |
-1.1 |
-0.8 |
|
Furniture & Fixtures |
-1.3 |
-1.1 |
|
Miscellaneous Manufactures |
-0.5 |
-0.9 |
|
Rubber Products |
-0.3 |
-2.0 |
|
Food Manufacturing |
-0.1 |
0.7 |
|
Non-Metallic Mineral Products |
-0.2 |
0.7 |
|
Fabricated Metal Products* |
-1.5 |
2.1 |
Note: * - new sectors in the 1994-based series
a/- Less than 0.1 percent increase
Sectors are ranked according to their contribution to the overall 1994-based July 2007 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
