r-revised

·  Producer Price Index continue to decelerates

The Producer Price Index (PPI, 2000=100) for the manufacturing industry posted a decrease of 1.2 percent in March 2010, compared with the year ago level, according to the preliminary results of the Monthly Producer Price Survey. Among the major sectors, furniture and fixtures and electrical machinery posted significant declines of 35.4 percent and 10.3 percent respectively, while eight major sectors posted single-digit decreases in price led by fabricated metal products. On the other hand, increases in the PPI were observed in ten major sectors led by petroleum products (32.6%). Refer to Tables 1 and 1-B.

PPI on a month-on month basis, slightly went down by 0.1 percent in March. Eight major sectors registered price decreases led by furnitures and fixtures. Refer to Tables 1 and 1-B.

·  Response Rate

The response rate for March 2010 is 85.7 percent, which corresponds to the retrieval of 275 sample establishments reports. Refer to Table 2.

Response Rates for Total Manufacturing
(In percent)

·  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 Products was 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 weights of the major sectors and sub-sectors have been computed utilizing the results of the 2006 Census of Philippine Business and Industry for Manufacturing Establishments of ATE 20 and over. This allow the use of current available weights.

Thus, in this publication, the results of the PPI were recomputed with 2006 CPBI as weights beginning January 2009.

Non-responding sample establishments are estimated using cold-deck imputation method. Revisions to the preliminary estimates are done upon receipt of actual reports from late respondents.

TABLE 1-A. PRODUCER PRICE INDEX, FEBRUARY 2010 - MARCH 2010
(2000=100)

TABLE 1-B. PRODUCER PRICE INDEX, FEBRUARY 2010 - MARCH 2010
(2000=100)

Note:

* - 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