Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index: June 2014 and May 2014 |
||
---|---|---|
TOTAL MANUFACTURING |
June
2014
|
May
2014
|
Producer Price Index (2000=100) |
149.0 |
150.7 r |
Year-on-Year Growth |
-2.8 |
-1.1 r |
Month-on-Month Growth |
-1.1 |
-0.1 |
- Producer Price Index post negative annual rate since April 2014
Producer Price Index (PPI, 2000=100) for manufacturing decreased by 2.8 percent in June 2014 compared with June 2013. This was mainly influenced by the significant downtick of furniture and fixtures (-33.8%). The other sectors that pulled down the PPI were the following: machinery except electrical (-8.9%), basic metals (-5.3%) and electrical machinery (-0.9%), transport equipment (-1.5%), chemical products (-1.8%), fabricated metal products (-3.3%) and miscellaneous manufactures (-4.0%). On the other hand, the increases reflected by eleven major sectors led by food manufacturing (4.9%) did not result in the positive performance of the June 2014 PPI. Refer to Tables 1 and A-1.
On a month-on-month basis, PPI declined by 1.1 percent in June 2014 from a decreased of 1.0 percent in May 2014. Furniture and fixtures (-12.5%) led the nine sectors that posted decrements. Moreover, six sectors showed increases and five sectors recorded flat growths. Refer to Tables 1 and A-2
Gainers |
Year-on-Year Growth (percent) |
|
---|---|---|
June 2014 |
May 2014
(revised)
|
|
Food Manufacturing |
4.9 |
4.2 |
Petroleum Products |
1.9 |
5.7 |
Non-Metallic Mineral Products |
2.3 |
2.6 |
Rubber and Plastic Products |
2.0 |
2.4 |
Tobacco Products |
5.7 |
5.7 |
Beverages |
0.9 |
0.9 |
Wood and Wood Products |
2.9 |
4.7 |
Textile |
2.3 |
2.6 |
Leather Products |
2.7 |
2.9 |
Paper and Paper Products |
0.3 |
4.2 |
Footwear and Wearing Apparel |
0.1 |
-1.1 |
Printing |
0.0 |
0.0 |
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
June 2014 |
May 2014
(revised)
|
|
Machinery Except Electrical |
-8.9 |
-5.4 |
Basic Metals |
-5.3 |
-4.7 |
Furniture and fixtures |
-33.8 |
-18.1 |
Electrical Machinery |
-0.9 |
-2.1 |
Transport Equipment |
-1.5 |
1.3 |
Chemical Products |
-1.8 |
-0.9 |
Fabricated Metal Products |
-3.3 |
-6.7 |
Miscellaneous Manufactures |
-4.0 |
-5.9 |
Gainers |
Month-on-Month Growth (percent) |
|
---|---|---|
June 2014 |
May 2014
(revised)
|
|
Food Manufacturing |
0.8 |
0.0 |
Electrical Machinery |
0.7 |
-4.3 |
Fabricated Metal Products |
3.6 |
-3.5 |
Non-Metallic Mineral Products |
1.1 |
-0.5 |
Miscellaneous Manufactures |
1.5 |
-0.4 |
Rubber and Plastic Products |
0.5 |
-0.4 |
Beverages |
0.0 |
0.0 |
Printing |
0.0 |
0.0 |
Tobacco |
0.0 |
0.0 |
Leather Products |
0.0 |
-0.1 |
Basic Metals |
0.0 |
-0.3 |
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
June 2014 |
May 2014
(revised)
|
|
Machinery Except Electrical |
-5.0 |
0.0 |
Transport Equipment |
-1.7 |
0.5 |
Furniture and Fixtures |
-12.5 |
1.0 |
Paper and Paper Products |
-2.5 |
0.3 |
Petroleum Products |
-0.1 |
-1.6 |
Wood & Wood Products |
-0.9 |
1.5 |
Chemical Products |
-0.1 |
0.2 |
Footwear and Wearing Apparel |
-0.1 |
-0.4 |
Textiles |
-0.2 |
b/ |
- Introduction
- Method of Index Computation
- Industry Coverage
Starting with January 2013 reference month, the PPI utilizes the 2009 Philippine Standard Industry Classification (PSIC) to classify sectors and industries. Selected industry classes of the 2009 PSIC were grouped to form the 20 industry groupings of the 2014 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
- Response Rate
The response rate for June 2014 is 93.0 percent, which corresponds to the retrieval of 333 establishments’ reports out of the 358 samples for the survey. Refer to Table B.
Table B Response Rates For Total Manufacturing (In Percent) |
|
June 2014 |
May 2014
(revised)
|
93.0 |
96.9r |
Missing prices for products of sample establishments are estimated using the short-term relative change of all available prices within the same industry class. Revisions to the preliminary estimates are done upon receipt of actual reports from late respondents.