|
Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index:
June 2017, May 2017 and June 2016
|
|||
|---|---|---|---|
|
TOTAL MANUFACTURING |
June
2017
|
May
2017
|
June
2016
|
|
Producer Price Index (2000=100) |
131.5 |
132.1 r |
135.2 |
|
Year-on-Year Growth |
- 2.8 |
- 2.3 |
- 3.7 |
|
Month-on-Month Growth |
- 0.5 |
- 0.4 |
0.03 |
- Producer Price Index slightly decreases in June 2017
The Producer Price Index (PPI, 2000=100) for manufacturing dropped at a rate of 2.8 percent in June 2017 from negative 3.7 percent during the same period of previous year. This can be attributed to the significant decline of three major sectors namely; fabricated metal products, leather products and furniture and fixtures, which decreased by 50.9 percent, 19.4 percent and 15.2 percent, respectively. Refer to Tables 1 and A-1.
By month, PPI likewise went down by 0.5 percent from the previous month’s rate of negative 0.4 percent with fabricated metal products (-11.6%) dominating the decline along with other six major sectors. Meanwhile, eleven sectors posted increases while two sectors reflected flat growth. Refer to Tables 1 and A-2.
|
Gainers |
Year-on-Year Growth (percent) |
|
|---|---|---|
| June 2017 |
May 2017
(revised)
|
|
|
Petroleum Products |
7.7 |
8.5 |
|
Food Manufacturing |
0.4 |
0.4 |
|
Miscellaneous Manufactures |
3.7 |
2.7 |
|
Basic Metals |
0.9 |
2.4 |
|
Transport Equipment |
0.3 |
0.2 |
|
Tobacco Products |
1.6 |
1.7 |
|
Printing |
2.6 |
3.5 |
|
Paper and Paper Products |
0.7 |
-1.5 |
|
Footwear & Wearing Apparel |
0.1 |
1.2 |
|
Losers |
Year-on-Year Growth (percent) |
|
|---|---|---|
| June 2017 |
May 2017
(revised)
|
|
|
Fabricated Metal Products |
-50.9 |
-44.1 |
|
Electrical Machinery |
-2.8 |
-1.3 |
|
Machinery Except Electrical |
-5.7 |
-6.5 |
|
Rubber and Plastic products |
-4.2 |
-3.3 |
|
Non- Metallic Mineral Products |
-4.2 |
-3.2 |
|
Beverage |
-2.6 |
-2.6 |
|
Chemical Products (excludes plastic) |
-1.5 |
-1.8 |
|
Furniture & Fixtures |
-15.2 |
-20.9 |
|
Leather Products |
-19.4 |
-21.4 |
|
Textile |
-3.7 |
-3.7 |
|
Wood & Wood Products |
-0.4 |
1.6 |
|
Gainers |
Month-on-Month Growth (percent) |
|
|---|---|---|
| June 2017 |
May 2017
(revised)
|
|
|
Food Manufacturing |
0.3 |
b/ |
|
Machinery Except Electrical |
0.6 |
0.1 |
|
Transport Equipment |
0.3 |
0.1 |
|
Textile |
0.1 |
0.2 |
|
Printing |
a/ |
a/ |
|
Paper & Paper Products |
1.5 |
-0.9 |
|
Miscellaneous Manufacture |
1.5 |
-0.5 |
|
Leather Products |
1.3 |
-13.3 |
|
Electrical Machinery |
0.7 |
-0.3 |
|
Beverage |
0.5 |
-1.3 |
|
Rubber and plastic products |
a/ |
-1.1 |
|
Tobacco Products |
0.0 |
0.0 |
|
Non- Metallic Mineral Products |
0.0 |
2.1 |
|
Losers |
Month-on-Month Growth (percent) |
|
|---|---|---|
| June 2017 |
May 2017
(revised)
|
|
|
Petroleum Products |
-1.2 |
-2.2 |
|
Basic Metals |
-0.5 |
-2.4 |
|
Footwear & Wearing Apparel |
-1.0 |
-0.8 |
|
Chemical Products (excludes plastic) |
-0.5 |
-0.2 |
|
Wood & Wood Products |
-1.2 |
1.0 |
|
Furniture & Fixtures |
-1.3 |
0.5 |
|
Fabricated Metal Products |
-11.6 |
-2.8 |
- Response Rate
The response rate for June 2017 is 81.0 percent, which corresponds to the retrieval of 608 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)
|
|
|---|---|
|
June 2017 |
May 2017
(revised)
|
|
81.0
|
91.6 r
|
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 was used to adjust weight effects and measure the correct price change. The weights are adjusted using the 2013 ASPBI.
- 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 2017 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
| Attachment | Size |
|---|---|
 TABLE 1 Producer Price Index |
52.09 KB |
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Year-on-Year and Month-on-Month Growth Rates for Manufacturing Sector |
14.33 KB |