r-revised

·  Producer Price Index (PPI) sustains growth

The Producer Price Index (PPI) for the manufacturing industry reflected an increment of 1.4 percent in June 2007 compared to the year-ago figure. Thirteen (13) major sectors reported price increases, led by publishing and printing with a two-digit increase of 20.9 percent. However, seven (7) major sectors reported price decreases, with two-digit price decreases noted in furniture and fixtures (-19.8%) and miscellaneous manufactures (-12.4%). Refer to Tables 1 and 1-A.

Also, PPI on a monthly basis grew by 0.3 percent in June 2007. This was due to the price increases observed in ten (10) major sectors, namely: leather products, petroleum products, chemical products, transport equipment, footwear and wearing apparel, food manufacturing, machinery excluding electrical, basic metals, textiles and non-metallic mineral products. Refer to Tables 1 and 1-B.

·  Response Rate

The response rate for June 2007 is 86.6 percent, which corresponds to the retrieval of 264 sample establishments� reports. Refer to Table 2.

Response Rates for Total Manufacturing
(In percent)

·  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.

TABLE 1-A. PRODUCER PRICE INDEX, MAY 2007 - JUNE 2007
(1994 =100)

TABLE 1-B. PRODUCER PRICE INDEX, MAY 2007 - JUNE 2007
(1994=100)

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 June 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