Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index:
June 2016, May 2016 and June 2015
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
June
2016
|
May
2016
|
June
2015
|
Producer Price Index (2000=100) |
135.5 |
134.2r |
140.4 |
Year-on-Year Growth |
-3.5 |
-4.3r |
-6.3 |
Month-on-Month Growth |
1.0 |
-0.6r |
0.1 |
- Producer Price Index post decreases in June 2016
The Producer Price Index (PPI, 2000=100) for manufacturing slowly went down by 3.5 percent in June 2016 compared with a negative 6.3 percent during the same period last year. The downtrend was due to the double-digit decreases posted by four major sectors namely: machinery except electrical (-15.4%), furniture and fixtures (-15.4%), petroleum products (-10.8%) and basic metals (-10.3%). On the other hand, miscellaneous manufactures (6.2%) led the eight major sectors that posted increases. Refer to Tables 1 and A-1.
On a monthly basis, the PPI went up by 1.0 percent from negative 0.6 percent in May 2016. This was brought about by the increases recorded by 16 out of the 20 major sectors. Moreover, the increase in prices of the heavily-weighted electrical machinery (2.2%) and petroleum products (2.1%) pulled up the overall monthly PPI. Furthermore, three sectors posted flat growths and one sector reflected decrease. Refer to Tables 1 and A-2.
Gainers |
Year-on-Year Growth (percent) |
|
---|---|---|
June 2016 |
May 2016
(revised)
|
|
Food Manufacturing |
1.4 |
1.6 |
Beverages |
4.4 |
4.4 |
Transport Equipment |
1.2 |
-0.3 |
Miscellaneous Manufactures |
6.2 |
6.5 |
Non-Metallic Mineral Products |
2.0 |
1.9 |
Fabricated Metal Products |
1.4 |
1.4 |
Paper and Paper Products |
1.8 |
1.7 |
Textiles |
0.8 |
1.1 |
Tobacco Products |
0.0 |
0.0 |
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
June 2016 |
May 2016
(revised)
|
|
Petroleum Products |
-10.8 |
-10.4 |
Machinery except Electrical |
-15.4 |
-18.2 |
Basic Metals |
-10.3 |
-12.3 |
Rubber and Plastic Products |
-4.8 |
-4.6 |
Electrical Machinery |
-0.5 |
-0.6 |
Furniture and Fixtures |
-15.4 |
-14.9 |
Chemical Products |
-0.9 |
-0.4 |
Footwear and Wearing Apparel |
-3.0 |
-10.0 |
Wood and Wood Products |
-1.0 |
-0.9 |
Leather Products |
-2.9 |
-6.5 |
Printing |
-0.6 |
-0.3 |
Gainers |
Month-on-Month Growth (percent) |
|
---|---|---|
June 2016
|
May 2016
(revised)
|
|
Electrical Machinery |
2.2 |
0.0 |
Petroleum Products |
2.1 |
5.5 |
Machinery except Electrical |
0.9 |
-0.2 |
Food Manufacturing |
0.2 |
0.2 |
Transport Equipment |
0.2 |
0.5 |
Leather Products |
4.1 |
-3.3 |
Non-Metallic Mineral Products |
0.3 |
-1.8 |
Miscellaneous Manufactures |
0.5 |
-0.1 |
Furniture and Fixtures |
1.6 |
-11.3 |
Fabricated Metal Products |
0.4 |
-0.2 |
Wood and Wood Products |
0.9 |
0.1 |
Footwear and Wearing Apparel |
0.4 |
0.3 |
Basic Metals |
0.1 |
-1.1 |
Rubber and Plastic Products |
0.2 |
0.2 |
Paper and Paper Products |
0.1 |
-0.7 |
Textiles |
a/ |
b/ |
Beverages |
0.0 |
0.0 |
Printing |
0.0 |
0.0 |
Tobacco Products |
0.0 |
0.0 |
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
June 2016 |
May 2016
(revised)
|
|
Chemical Products |
-0.8 |
0.1 |
- Introduction
- Method of Index Computation
- 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 2016 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 2016 is 83.4 percent, which corresponds to the retrieval of 628 establishments’ reports out of the 753 samples for the survey. Refer to Tables 2 and B.
Table B Response Rates For Total Manufacturing
(In Percent)
|
|
---|---|
June 2016 |
May 2016
(revised)
|
83.4 |
90.0r |
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.