|
Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index: March 2013 and February 2013 |
||
|---|---|---|
|
TOTAL MANUFACTURING |
March
2013
|
February
2013
|
|
Producer Price Index (2000=100) |
154.5 |
154.4r |
|
Year-on-Year Growth |
-8.9 |
-9.3 r |
|
Month-on-Month Growth |
0.1 |
0.3 |
r - revised
- Producer Price Index maintains negative rate
Producer Price Index (PPI, 2000=100) for the manufacturing industry registered a decline of 8.9 percent in March 2013 from negative 9.3 percent in February 2013, compared with the year ago level, according to the preliminary results of the Monthly Producer Price Survey. This was influenced by the significant decrements posted by six sectors, namely: furniture and fixtures (-36.2%), rubber and plastic products (-12.9%), machinery except electrical (-12.5%), basic metals (-12.4%), petroleum products (-11.1%) and food manufacturing (-10.5%). On the other hand, increases in the PPI were noted in seven major sectors led by printing (15.7%). Refer to Tables 1 and A-1.
On a month-on-month basis, PPI reflected a minimal increase of 0.1 percent in March 2013. This was brought about by increases posted by six sectors led by transport equipment with a growth of 0.8 percent. On the other hand, six sectors reflected decreases in PPI. Eight major sectors posted flat growths indicating stable producer prices in these industries. Refer to Tables 1 and A-2
TABLE A-1 Producer Price Index, February 2013 – March 2013
(2000 =100)
|
Gainers |
Year-on-Year Growth (percent) |
|
|---|---|---|
| March 2013 |
February 2013
(revised)
|
|
|
Beverages |
5.6 |
5.6 |
|
Footwear and Wearing Apparel |
6.1 |
6.1 |
|
Printing |
15.7 |
15.6 |
|
Miscellaneous Manufactures |
3.0 |
5.7 |
|
Wood & Wood Products |
1.0 |
2.2 |
|
Leather Products |
0.7 |
1.8 |
|
Textiles |
1.5 |
2.4 |
|
Losers |
Year-on-Year Growth (percent) |
|
|---|---|---|
| March 2013 |
February 2013
(revised)
|
|
|
Electrical Machinery |
-8.2 |
-11.0 |
|
Machinery Except Electrical |
-12.5 |
-15.4 |
|
Petroleum Products |
-11.1 |
-2.5 |
|
Food Manufacturing |
-10.5 |
-10.2 |
|
Basic Metals |
-12.4 |
-12.8 |
|
Chemical Products |
-6.8 |
-7.9 |
|
Rubber and Plastic Products |
-12.9 |
-13.1 |
|
Furniture and Fixtures |
-36.2 |
-28.8 |
|
Transport Equipment |
-3.5 |
-6.0 |
|
Paper and Paper Products |
-4.0 |
-5.1 |
|
Fabricated Metal Products |
-3.3 |
-2.7 |
|
Tobacco Products |
-2.1 |
-2.1 |
|
Non-Metallic Mineral Products |
-0.2 |
-0.1 |
TABLE A-2 Producer Price Index, March 2013 – February 2013
(2000 = 100)
|
Gainers |
Month-on-Month Growth (percent) |
|
|---|---|---|
| March 2013 |
February 2013
(revised)
|
|
|
Electrical Machinery |
0.5 |
0.3 |
|
Chemical Products |
1.1 |
1.2 |
|
Machinery Except Electrical |
0.5 |
-0.2 |
|
Transport Equipment |
0.8 |
2.0 |
|
Food Manufacturing |
0.1 |
0.2 |
|
Non-Metallic Mineral Products |
0.6 |
0.7 |
|
Rubber and Plastic Products |
0.0 |
-0.3 |
|
Paper and Paper Products |
0.0 |
2.1 |
|
Leather Products |
0.0 |
0.0 |
|
Fabricated Metal Products |
0.0 |
0.8 |
|
Beverages |
0.0 |
0.3 |
|
Printing |
0.0 |
0.0 |
|
Tobacco |
0.0 |
0.0 |
|
Footwear and Wearing Apparel |
0.0 |
-0.9 |
|
Losers |
Month-on-Month Growth (percent) |
|
|---|---|---|
| March 2013 |
February 2013
(revised)
|
|
|
Petroleum Products |
-4.3 |
2.3 |
|
Textiles |
-0.8 |
0.0 |
|
Basic Metals |
-0.1 |
-1.2 |
|
Furniture & Fixtures |
-0.6 |
-8.8 |
|
Wood & Wood Products |
-0.3 |
0.1 |
|
Miscellaneous Manufactures |
-0.7 |
2.1 |
Note:
- Industry Coverage
Starting with January 2013 reference month, the PPI utilizes the 2009 Philippine Standard Industry Classification to classify sectors and industries. There are 20 major sectors covered by the 2013 PPS with three consisting of subsectors.
|
2009 PSIC CODE |
INDUSTRY DESCRIPTION |
|---|---|
|
10 |
Food manufacturing |
|
11 |
Beverages |
|
12 |
Tobacco products |
|
13 |
Textiles |
|
14,152 |
Footwear and wearing apparel |
|
151 |
Leather products |
|
16 |
Wood and wood products |
|
17 |
Paper and paper products |
|
18 |
Printing and reproduction of recorded media |
|
19 |
Petroleum products |
|
20 |
Chemical products |
|
22 |
Rubber and plastic products* |
|
23 |
Non-metallic mineral products* |
|
24 |
Basic metals* |
|
25 |
Fabricated metal products |
|
275, 28, 263,268 |
Machinery except electrical |
|
26120 and 27 |
Electrical machinery |
|
29,30 |
Transport equipment |
|
31 |
Furniture and fixtures |
|
265,266,267,32 |
Miscellaneous manufactures |
|
Note: * - Major sectors categorized into sub-sectors |
|
- Response Rate
The response rate for March 2013 is 81.3 percent, which corresponds to the retrieval of 296 sample establishments’ reports. Refer to Table 2.
|
Table B Response Rates For Total Manufacturing (In Percent) |
|
|---|---|
|
March 2013 |
February 2013 (revised) |
|
81.3 |
89.0r |
Non-responding sample establishments are estimated using historical imputation with trend adjustment. Revisions to the preliminary estimates are done upon receipt of actual reports from late respondents.
(Sgd) CARMELITA N. ERICTA
Administrator
| Attachment | Size |
|---|---|
 TABLE 1 Producer Price Index |
57.69 KB |
|
Year-on-Year and Month-on-Month Growth Rates for Manufacturing Sector |
25.15 KB |