Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index: June 2015 and May 2015 |
||
---|---|---|
TOTAL MANUFACTURING |
June
2015
|
May
2015
|
Producer Price Index (2000=100) |
144.1 |
143.4 r |
Year-on-Year Growth |
-3.8 |
-4.8 r |
Month-on-Month Growth |
0.5 |
0.2 |
- Producer Price Index decreases further in June 2015
Producer Price Index (PPI, 2000=100) for manufacturing declined by 3.8 percent in June 2015 compared with negative 2.3 percent during the same month of last year. Twelve out of 20 major sectors posted negative annual rates with three sectors significantly pulling down the June 2015 PPI led by wood and wood products (-22.3%), petroleum products (-17.0%) and furniture and fixtures (-14.7%). On the other hand, the remaining eight sectors reflected single-digit increases led by beverages (9.8%). Refer to Tables 1 and A-1.
On a monthly basis, PPI rose 0.5 percent in June 2015 from an increase of 0.2 percent in May 2015. This was brought about by the rising prices of eleven sectors led by furniture and fixtures (1.9%). Furthermore, four sectors posted flat growths while five sectors reflected decreases. Refer to Tables 1 and A-2.
Gainers |
Year-on-Year Growth (percent) |
|
---|---|---|
June 2015 |
May 2015
(revised)
|
|
Beverages |
9.8 |
8.9 |
Food Manufacturing |
-0.2 |
0.1 |
Rubber and Plastic Products |
1.0 |
1.5 |
Chemical Products |
1.9 |
1.7 |
Tobacco Products |
0.9 |
0.9 |
Miscellaneous Manufactures |
1.2 |
1.5 |
Paper and Paper Products |
2.8 |
0.0 |
Textiles |
1.7 |
1.5 |
Leather Products |
0.5 |
0.2 |
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
June 2015 |
May 2015
(revised)
|
|
Petroleum Products |
-17.0 |
-18.0 |
Furniture and fixtures |
-14.7 |
-26.8 |
Machinery Except Electrical |
-0.7 |
-5.6 |
Transport Equipment |
-1.8 |
-3.2 |
Basic Metals |
-3.4 |
-3.4 |
Non-Metallic Mineral Products |
-7.7 |
-7.0 |
Wood and Wood Products |
-22.3 |
-22.3 |
Footwear and Wearing Apparel |
-0.2 |
-0.7 |
Printing |
-0.7 |
-0.8 |
Fabricated Metal Products |
-3.4 |
-0.1 |
Electrical Machinery |
-9.5 |
-7.0 |
Gainers |
Month-on-Month Growth (percent) |
|
---|---|---|
June 2015 |
May 2015
(revised)
|
|
Petroleum Products |
1.2 |
-3.2 |
Electrical Machinery |
0.6 |
2.3 |
Food Manufacturing |
0.3 |
-0.1 |
Machinery Except Electrical |
0.7 |
-0.7 |
Miscellaneous Manufactures |
0.9 |
0.1 |
Non-Metallic Mineral Products |
0.4 |
-0.3 |
Furniture and Fixtures |
1.9 |
-5.0 |
Chemical Products |
0.1 |
-0.6 |
Fabricated Metal Products |
0.3 |
-0.1 |
Paper and Paper Products |
0.2 |
0.4 |
Leather Products |
0.3 |
0.2 |
Textiles |
0.0 |
0.1 |
Printing |
0.0 |
0.0 |
Beverages |
0.0 |
0.0 |
Tobacco |
0.0 |
0.0 |
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
June 2015 |
May 2015
(revised)
|
|
Transport Equipment |
-0.3 |
-0.2 |
Basic Metals |
0.2 |
0.4 |
Footwear and Wearing Apparel |
-0.5 |
-0.1 |
Wood & Wood Products |
-0.9 |
-3.9 |
Rubber and Plastic Products |
-0.1 |
0.4 |
- 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 2015 is 78.4 percent, which corresponds to the retrieval of 571 establishments’ reports out of the 728 samples for the survey. Refer to Table B.
Table B Response Rates For Total Manufacturing
(In Percent)
|
|
---|---|
June 2015 |
May 2015
(revised)
|
78.4 |
88.0r |
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 responding establishments.