Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index:
June 2018, May 2018 and June 2017
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
June
2018
|
May
2018
|
June
2017
|
Producer Price Index (2000=100) |
134.3 |
133.9 r |
132.6 |
Year-on-Year Growth |
1.3 |
0.9 |
-2.0 |
Month-on-Month Growth |
0.3 |
0.5 |
-0.1 |
- Producer Price Index posts slight increase in June 2018
The Producer Price Index (PPI, 2000=100) for manufacturing ascended at a rate of 1.3 percent in June 2018 from a negative growth of 2.0 percent during the same period of previous year. This was due to the double-digit growth of four major sectors namely; tobacco products (49.5 percent), petroleum products (19.5 percent), beverages (14.9 percent) and miscellaneous manufactures (10.8 percent), along with other eight major sectors that posted positive growth. On the other hand, rubber and plastic products (-15.5 percent) led the eight major sectors that posted decreases. Refer to Tables 1 and A-1.
Month-on-month, PPI likewise accelerated by 0.3 percent in June 2018 after posting a 0.5 percent growth rate in the previous month. Wood and wood products (1.3 percent) led the 12 major sectors that posted increases. Moreover, two major sectors posted no growth for two consecutive months and six major sectors exhibited decreases. Refer to Tables 1 and A-2.
INDUSTRY GROUP |
Year-on-Year Growth (percent) |
|
June 2018 |
May 2018
(revised)
|
|
Gainers |
|
|
Petroleum Products |
19.5 |
18.5 |
Tobacco Products |
49.5 |
49.5 |
Beverages |
14.9 |
16.1 |
Electrical Machinery |
4.6 |
4.7 |
Machinery Except Electrical |
4.6 |
4.5 |
Basic Metals |
3.7 |
6.7 |
Miscellaneous Manufactures |
10.8 |
11.5 |
Non - Metallic Mineral Products |
3.1 |
2.9 |
Furniture & Fixtures |
7.4 |
4.7 |
Leather Products |
1.4 |
2.6 |
Paper & Paper Products |
0.2 |
0.6 |
Textiles |
0.4 |
0.3 |
Losers |
|
|
Rubber and plastic products |
-15.5 |
-15.4 |
Food Manufacturing |
-2.0 |
-2.5 |
Fabricated Metal Products |
-9.6 |
-14.2 |
Chemical Products |
-1.8 |
-2.6 |
Transport Equipment |
-1.0 |
0.1 |
Printing |
-5.4 |
-5.4 |
Footwear & Wearing Apparel |
-1.3 |
-2.4 |
Wood & Wood Products |
-0.9 |
-3.3 |
INDUSTRY GROUP |
Month-on-Month Growth (percent) |
|
June 2018 |
May 2018
(revised)
|
|
Gainers |
|
|
Food Manufacturing |
0.5 |
a/ |
Electrical Machinery |
0.7 |
1.1 |
Machinery Except Electrical |
0.8 |
0.7 |
Petroleum Products |
0.3 |
0.1 |
Paper & Paper Products |
1.0 |
1.9 |
Miscellaneous Manufactures |
1.1 |
1.3 |
Wood & Wood Products |
1.3 |
1.1 |
Furniture & Fixtures |
1.2 |
0.9 |
Non - Metallic Mineral Products |
0.1 |
0.6 |
Beverages |
a/ |
a/ |
Textiles |
0.1 |
0.6 |
Leather Products |
0.1 |
2.5 |
Printing |
0.0 |
0.0 |
Tobacco Products |
0.0 |
0.0 |
Losers |
|
|
Basic Metals |
-2.4 |
-1.0 |
Transport Equipment |
-0.8 |
1.2 |
Rubber and plastic products |
-0.2 |
0.1 |
Footwear & Wearing Apparel |
-0.2 |
1.2 |
Fabricated Metal Products |
-0.1 |
-0.7 |
Chemical Products |
b/ |
0.1 |
- Response Rate
The response rate for June 2018 is 80.8 percent, which corresponds to the retrieval of 607 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 2018 |
May 2018
(revised)
|
80.8
|
92.3r
|
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 has been used to adjust weight effects and measure the correct price change.
- 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 2018 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
See more at the Producer Price Survey (PPS) main page.