Total Manufacturing | March 2007 | February 2007 |
| Producer Price Index | 251.6 | 250.9 |
| Year-on-Year Growth | 2.6 | 0.5 |
| Month-on-Month Growth | 0.3 | -0.2 |
r-revised
· Producer Price Index (PPI) registers increase
Producer Price Index (PPI) for the manufacturing industry posted an increment of 2.6 percent in March 2007 compared with the year-ago figure. Fourteen (14) major sectors registered increases in the PPI, led by publishing and printing and footwear and wearing apparel with 20.9 percent and 17. 4 percent, respectively. Refer to Tables 1 and 1-A.
On a month-on-month performance, PPI posted an increase of 0.3 percent in March 2007. Price increases were exhibited by the eleven (11) sectors led by basic metals. Refer to Tables 1 and 1-B. Refer to Tables 1 and 1-B.
· Response Rate
The response rate for March 2007 is 91.1 percent, which corresponds to the retrieval of 277 sample establishments� reports. Refer to Table 2.
Response Rates for Total Manufacturing
(In percent)
March 2007 | February 2007 |
91.1 | 95.7 |
· Technical Notes
Weights for the PPI are based from the results of the 2003 Annual Survey of Philippine Business and Industry (ASPBI) for manufacturing establishments with average total employment (ATE) of 20 and over.
Data of non-responding sample establishments are estimated based on previous records and other available sources. Revisions to the preliminary estimates are done upon receipt of actual reports of late respondents.
(Sgd.) CARMELITA N. ERICTA |
TABLE 1-A. PRODUCER PRICE INDEX, February 2007 - March 2007
(1994 =100)
Gainers | Year-on-Year Growth (percent) | |
March 2007 | February 2007 | |
| Food Manufacturing | 6.5 | 6.9 |
| Footwear and Wearing Apparel* | 17.4 | 17.4 |
| Electrical Machinery | 2.5 | 2.6 |
| Basic Metals | 5.7 | 1.4 |
| Beverage | 4.9 | 10.9 |
| Non-Metallic Mineral Products | 4.9 | 4.9 |
| Publishing & Printing | 20.9 | 20.9 |
| Chemical Products | 1.3 | 0.4 |
| Transport Equipment | 2.1 | 3.2 |
| Paper and Paper Products | 2.4 | 1.8 |
| Rubber Products | 7.1 | 7.6 |
| Machinery Excluding Electrical* | 0.4 | 2.2 |
| Leather Products* | 2.1 | 3.9 |
| Textile | 0.0 | -1.7 |
Losers | Year-on-Year Growth (percent) | |
March 2007 | February 2007 | |
| Petroleum Products | -2.5 | -4.6 |
| Furniture and Fixtures | -11.5 | -13.3 |
| Wood & Wood Products | -3.8 | -4.1 |
| Miscellaneous Manufactures | -0.9 | -1.2 |
| Tobacco | -0.7 | -0.7 |
| Fabricated Metal Products* | -1.1 | -1.1 |
TABLE 1-B. PRODUCER PRICE INDEX, February 2007 - March 2007
(1994=100)
Gainers | Month-on-Month Growth (percent) | |
March 2007 | February 2007 | |
| Basic Metals | 4.4 | 0.8 |
| Petroleum Products | 1.8 | -2.0 |
| Beverage | 2.0 | -1.4 |
| Food Manufacturing | 0.5 | 0.0 |
| Non-Metallic Mineral Products | 1.3 | -0.3 |
| Paper & Paper Products | 1.3 | 3.4 |
| Textile | 1.4 | 0.1 |
| Chemical Products | 0.2 | 0.7 |
| Transport Equipment | 0.2 | -0.4 |
| Furniture & Fixtures | 0.1 | -1.8 |
| Wood & Wood Products | 0.1 | 0.2 |
| Rubber Products | 0.0 | 1.0 |
| Footwear and Wearing Apparel | 0.0 | 0.4 |
| Leather Products | 0.0 | 0.0 |
| Publishing & Printing * | 0.0 | 0.0 |
| Tobacco | 0.0 | 0.0 |
| Fabricated Metal Products* | 0.0 | 1.0 |
Losers | Month-on-Month Growth (percent) | |
March 2007 | February 2007 | |
| Machinery Excluding Electrical* | -2.7 | -0.8 |
| Electrical Machinery | -0.1 | -0.2 |
| Miscellaneous Manufactures | -0.1 | -0.8 |
Note: * - new sectors in the 1994-based series
a/- Less than 0.1 percent increase
b/- Less than 0.1 percent decrease
Sectors are ranked according to their contribution to the overall 1994-based March 2007 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous year same month index less 1.
Month-on-month growth rates are computed by dividing the current month index by previous month index less 1
Source: National Statistics Office
Manila, Philippines
