|
Total Manufacturing |
July 2009 |
June 2009 |
|
ProducerPriceIndex(2000=100) |
172.5 |
173.1r |
|
Year-on-Year Growth |
-3.9 |
-2.1r |
|
Month-on-Month Growth |
-0.4 |
0.7r |
· Producer Price Index continue to decelerate
The Producer Price Index (PPI, 2000=100) for the manufacturing industry slid by 3.9 percent in July 2009, compared with the year ago level, according to the preliminary results of the Monthly Producer Price Survey.Petroleum products posted the biggest decline of 31.0 percent. This was followed by basic metals (-14.3%), rubber and plastic products (-12.8%), paper and paper products (-11.9%) and furniture and fixtures (-11.7%). On the other hand, increases in the PPI were observed in ten major sectors led by wood and wood products (20.8%), footwear and wearing apparel (13.9%) and textiles (10.7%). Refer to Tables 1 and 1-A.
PPI on a month-on month basis, likewise slightly went down by 0.4 percent in July. Eight major sectors registered decreases, led by electrical machinery (-3.5%) Refer to Tables 1 and 1-B.
· Response Rate
The response rate for July 2009 is 90.2 percent, which corresponds to the retrieval of 284 sample establishments reports. Refer to Table 2.
Response Rates for Total Manufacturing
(In percent)
|
July 2009 |
June 2009 |
|
90.2 |
96.8r |
· 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 Productswas 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.
|
(Sgd.) CARMELITA N. ERICTA |
TABLE 1-A. PRODUCER PRICE INDEX, JUNE 2009 - JULY 2009
(2000=100)
|
Gainers |
Year-on-Year Growth (percent) |
|
|
July 2009 |
June 2009 |
|
|
|
||
|
Chemical Products |
7.1 |
7.5 |
|
Footwear and Wearing Apparel |
13.9 |
14.1 |
|
Beverages |
6.8 |
8.6 |
|
Wood and Wood Products |
20.8 |
21.3 |
|
Textiles |
10.7 |
10.6 |
|
Non-Metallic Mineral Products |
2.3 |
4.1 |
|
Publishing and Printing |
5.9 |
5.9 |
|
Machinery Except Electrical |
0.2 |
1.8 |
|
Leather Products |
3.8 |
6.5 |
|
Fabricated Metal Products |
0.5 |
2.1 |
|
|
||
|
Losers |
Year-on-Year Growth (percent) |
|
|
July 2009 |
June 2009 |
|
|
|
||
|
Petroleum Products |
-31.0 |
-27.8 |
|
Electrical Machinery |
-6.4 |
0.5 |
|
Basic Metals |
-14.3 |
-11.7 |
|
Food Manufacturing |
-4.9 |
-4.5 |
|
Rubber and Plastic Products* |
-12.8 |
-9.9 |
|
Transport Equipment |
-5.3 |
-5.4 |
|
Paper and Paper Products |
-11.9 |
-9.6 |
|
Miscellaneous Manufactures |
-4.7 |
-3.1 |
|
Furniture and Fixtures |
-11.7 |
-34.6 |
|
Tobacco Products |
-1.6 |
-0.5 |
TABLE 1-B. PRODUCER PRICE INDEX, JUNE 2009 - JULY 2009
(2000=100)
|
Gainers |
Month-on-Month Growth (percent) |
|
|
July 2009 |
June 2009 |
|
|
|
||
|
Petroleum Products |
1.1 |
7.2 |
|
Basic Metals |
1.5 |
0.9 |
|
Transport Equipment |
1.2 |
-0.9 |
|
Machinery Except Electrical |
0.3 |
-0.7 |
|
Miscellaneous Manufactures |
1.3 |
-1.6 |
|
Textiles |
a/ |
4.0 |
|
Leather Products |
0.1 |
0.0 |
|
Footwear and Wearing Apparel |
a/ |
1.0 |
|
Furniture and Fixtures |
6.0 |
1.9 |
|
Tobacco Products |
0.0 |
0.0 |
|
Wood and Wood Products |
0.0 |
0.0 |
|
Publishing and Printing |
0.0 |
0.0 |
|
|
||
|
Losers |
Month-on-Month Growth (percent) |
|
|
July 2009 |
June 2009 |
|
|
|
||
|
Electrical Machinery |
-3.5 |
0.2 |
|
Beverages |
-0.9 |
0.0 |
|
Food Manufacturing |
-0.2 |
0.3 |
|
Non-Metallic Mineral Products |
-0.7 |
-0.5 |
|
Fabricated Metal Products |
-0.7 |
1.5 |
|
Chemical Products |
-0.2 |
0.5 |
|
Rubber and Plastic Products* |
-0.4 |
0.0 |
|
Paper and Paper Products |
-0.5 |
-1.2 |
Note:
* - new sector in the 2000-based series
a/ - Less than 0.1 percent increase
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
Source: National Statistics Office
Manila, Philippines
