Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index:
July 2018, June 2018 and July 2017
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
July
2018
|
June
2018
|
July
2017
|
Producer Price Index (2000=100) |
133.0 |
133.7 r |
132.5 |
Year-on-Year Growth |
0.4 |
0.9 |
-0.8 |
Month-on-Month Growth |
-0.5 |
-0.5 |
b/ |
- Producer Price Index slightly increases in July 2018
The Producer Price Index (PPI, 2000=100) for manufacturing slightly increased at a rate of 0.4 percent in July 2018 from negative growth of 0.8 percent during the same period of previous year. The upturn can be attributed to the increases of 11 out of 20 major sectors led by tobacco products with 51.9 percent. On the other hand, fabricated metal products (-23.7 percent) led the nine sectors that posted decreases. Refer to Tables 1 and A-1.
Month by month, PPI slightly descend by 0.5 percent from the previous month’s rate of negative 0.5 percent with nine major sectors recording negative growths. The rest of the eleven major sectors posted a one-digit positive growth. Refer to Tables 1 and A-2.
INDUSTRY GROUP |
Year-on-Year Growth (percent) |
|
July 2018 |
June 2018
(revised)
|
|
Gainers |
|
|
Petroleum Products |
21.4 |
18.3 |
Tobacco Products |
51.9 |
51.8 |
Electrical Machinery |
7.6 |
6.0 |
Beverages |
15.3 |
15.5 |
Machinery Except Electrical |
8.9 |
9.0 |
Basic Metals |
8.6 |
6.2 |
Non - Metallic Mineral Products |
8.6 |
5.2 |
Miscellaneous Manufactures |
9.4 |
9.3 |
Paper & Paper Products |
3.7 |
1.3 |
Textiles |
4.2 |
4.4 |
Printing |
4.3 |
4.0 |
Losers |
|
|
Food Manufacturing |
-2.6 |
-2.3 |
Fabricated Metal Products |
-23.7 |
-10.9 |
Chemical Products |
-2.0 |
-1.7 |
Rubber and plastic products |
-4.1 |
-4.9 |
Furniture & Fixtures |
-7.9 |
-5.3 |
Transport Equipment |
-0.5 |
-1.2 |
Footwear & Wearing Apparel |
-3.3 |
-1.6 |
Wood & Wood Products |
-1.9 |
0.3 |
Leather Products |
-2.1 |
-0.6 |
INDUSTRY GROUP |
Month-on-Month Growth (percent) |
|
July 2018 |
June 2018
(revised)
|
|
Gainers |
|
|
Petroleum Products |
2.0 |
0.9 |
Electrical Machinery |
1.7 |
0.4 |
Transport Equipment |
1.0 |
-0.5 |
Basic Metals |
1.4 |
a/ |
Paper & Paper Products |
1.1 |
1.9 |
Beverages |
0.4 |
0.5 |
Rubber and plastic products |
0.5 |
0.1 |
Miscellaneous Manufactures |
0.7 |
-1.1 |
Printing |
0.3 |
2.1 |
Leather Products |
0.2 |
-1.8 |
Tobacco Products |
0.1 |
1.5 |
Losers |
|
|
Fabricated Metal Products |
-13.2 |
-1.8 |
Chemical Products |
-0.6 |
0.1 |
Footwear & Wearing Apparel |
-1.7 |
-1.5 |
Food Manufacturing |
-0.1 |
0.4 |
Furniture & Fixtures |
-2.6 |
-7.6 |
Wood & Wood Products |
-1.5 |
2.8 |
Non - Metallic Mineral Products |
b/ |
1.6 |
Machinery Except Electrical |
b/ |
3.3 |
Textiles |
b/ |
0.5 |
- Response Rate
The response rate for July 2018 is 79.2 percent, which corresponds to the retrieval of 595 establishments’ reports out of the 751 samples for the survey. Refer to Tables 2 and B.
Table B Response Rates For Total Manufacturing
(In Percent)
|
|
---|---|
July 2018 |
June 2018
(revised)
|
79.2
|
92.4r
|
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
Starting with January 2017 PPI, a link factor has been used to adjust weight effects and measure the correct price change.
- 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 2018 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
See more at the Producer Price Survey (PPS) main page.