Total Manufacturing |
March 2009 |
February 2009 |
Producer Price Index (2000=100) |
171.9 |
171.1r |
Year-on-Year Growth |
1.2 |
1.8r |
Month-on-Month Growth |
0.5 |
-0.4r |
· Producer Price Index maintains single-digit growth
The Producer Price Index (PPI, 2000=100) for the manufacturing industry grew slowly by 1.2 percent in March 2009, compared with the year ago level, according to the preliminary results of the Monthly Producer Price Survey. Price increases were noted in sixteen major sectors with two-digit growth exhibited by the following sectors: fabricated metal products (18.2%), textiles (17.2%), beverages (12.2%) and footwear and wearing apparel (11.5%). However, decreases in the PPI were also observed in three major sectors led, by petroleum products (28.1%). Refer to Tables 1 and 1-A.
PPI, on a month-on month basis, reflected a slight increase of 0.5 percent in March. Price increments were observed in eight major sectors led by furniture and fixtures. Moreover, flat growths were observed in three major sectors namely: beverages, footwear and wearing apparel and publishing and printing. Refer to Tables 1 and 1-B.
· Response Rate
The response rate for March 2009 is 89.7 percent, which corresponds to the retrieval of 280 sample establishments reports. Refer to Table 2.
Response Rates for Total Manufacturing
(In percent)
March 2009 |
February 2009 |
89.7 |
96.5r |
· Technical Notes
The 2009 PPI Release utilizes the amended 1994 PSIC. Rubber and Plastic Products is a new major sector, consisting of two sub-sectors, namely: Rubber Products and Plastic Products . Rubber Productswas previously a major sector while Plastic Products was one of the sub-sectors of Chemical Products.
Previously, with seven sub-sectors, the major sector of Chemical Products now has six sub-sectors, namely: Basic Chemicals and Industrial Gases, Fertilizers, Paints, Drugs and Medicines, Cosmetics and Toilet Preparations and Miscellaneous Chemicals.
The corresponding weights of the above sectors and sub-sectors have been recomputed to allow for the revised computation of the indices.
Weights for the 2009 PPI are based from the results of the 2005 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 2009 - MARCH 2009
(2000=100)
Gainers |
Year-on-Year Growth (percent) |
|
March 2009 |
February 2009 |
|
|
||
Electrical Machinery |
4.3 |
3.1 |
Machinery Except Electrical |
7.7 |
7.0 |
Chemical Products (excludes Plastic Products) |
5.5 |
7.8 |
Beverages |
12.2 |
13.4 |
Fabricated Metal Products |
18.2 |
17.6 |
Footwear and Wearing Apparel |
11.5 |
13.1 |
Textiles |
17.2 |
18.8 |
Transport Equipment |
3.5 |
4.1 |
Food Manufacturing |
1.3 |
3.3 |
Non-Metallic Mineral Products |
5.5 |
5.0 |
Miscellaneous Manufactures |
6.5 |
5.3 |
Leather Products |
8.4 |
9.0 |
Paper and Paper Products |
2.3 |
9.0 |
Furniture and Fixtures |
2.3 |
2.5 |
Tobacco Products |
1.2 |
1.0 |
Wood and Wood Products |
0.7 |
1.0 |
Publishing and Printing |
0.0 |
0.0 |
|
||
Losers |
Year-on-Year Growth (percent) |
|
March 2009 |
February 2009 |
|
|
||
Petroleum Products |
-28.1 |
-24.0 |
Basic Metals |
-4.0 |
-2.1 |
Rubber and Plastic Products a/ |
-7.7 |
-4.3 |
TABLE 1-B. PRODUCER PRICE INDEX, FEBRUARY 2009 - MARCH 2009
(2000=100)
Gainers |
Month-on-Month Growth (percent) |
|
March 2009 |
February 2009 |
|
Electrical Machinery |
2.7 |
-1.5 |
Machinery Except Electrical |
1.6 |
0.6 |
Furniture and Fixtures |
3.3 |
-4.9 |
Non-Metallic Mineral Products |
1.1 |
-3.1 |
Transport Equipment |
0.4 |
0.9 |
Miscellaneous Manufactures |
0.8 |
-2.9 |
Basic Metals |
0.3 |
-3.1 |
Tobacco Products |
0.2 |
2.2 |
Beverages |
0.0 |
1.1 |
Footwear and Wearing Apparel |
0.0 |
0.0 |
Publishing and Printing |
0.0 |
0.0 |
|
||
Losers |
Month-on-Month Growth (percent) |
|
March 2009 |
February 2009 |
|
|
||
Food Manufacturing |
-0.9 |
-1.1 |
Paper and Paper Products |
-6.1 |
2.0 |
Rubber and Plastic Productsa/ |
-2.1 |
-1.2 |
Petroleum Products |
-0.3 |
1.9 |
Chemical Products (excludes Plastic Products) |
-0.4 |
-0.8 |
Fabricated Metal Products |
-0.6 |
-0.3 |
Wood and Wood Products |
-0.2 |
0.0 |
Leather Products |
-0.2 |
0.2 |
Textiles |
-0.1 |
3.6 |
Note:
a/ - new sector in the 2000-based series
Sectors are ranked according to their contribution to the overall 2000-based 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