Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index: March 2015 and February 2015 |
||
---|---|---|
TOTAL MANUFACTURING |
March
2015
|
February
2015
|
Producer Price Index (2000=100) |
144.5 |
144.1 r |
Year-on-Year Growth |
-5.4 |
-5.5 r |
Month-on-Month Growth |
0.2 |
-0.1 |
- Producer Price Index decelerates in March 2015
Producer Price Index (PPI, 2000=100) for manufacturing decreased by 5.4 percent in March 2015 compared to 0.1 percent posted in March 2014. The slowdown was primarily due to the decrements posted by twelve sectors with significant decreases reflected by five sectors led by chemical products (-21.0%). Furthermore, the reductions in the heavily weighted petroleum products (-18.3%) and electrical machinery (-10.8%) also contributed to the overall negative performance of the March 2015 PPI. On the other hand, seven of the twenty major sectors registered single-digit increases led by tobacco products (7.1%). Refer to Tables 1 and A-1.
On a monthly basis, PPI accelerated by 0.2 percent in March 2015 after falling by 0.1 percent a month earlier. Ten sectors led by petroleum products (8.8%) pulled-up the monthly PPI. Furthermore, five sectors posted decreases while four sectors remain unchanged. Refer to Tables 1 and A-2.
Gainers |
Year-on-Year Growth (percent) |
|
---|---|---|
March 2015 |
February 2015
(revised)
|
|
Food Manufacturing |
1.8 |
2.3 |
Beverages |
5.8 |
2.3 |
Rubber and Plastic Products |
5.6 |
6.9 |
Tobacco Products |
7.1 |
7.3 |
Machinery Except Electrical |
0.3 |
-0.4 |
Paper and Paper Products |
0.4 |
0.3 |
Textiles |
1.2 |
1.1 |
Printing |
0.0 |
0.0 |
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
March 2015 |
February 2015
(revised)
|
|
Petroleum Products |
-18.3 |
-26.8 |
Chemical Products |
-21.0 |
-19.6 |
Wood and Wood Products |
-10.5 |
-10.1 |
Furniture and fixtures |
-20.0 |
-18.4 |
Basic Metals |
-6.3 |
-6.7 |
Transport Equipment |
-2.0 |
-1.3 |
Non-Metallic Mineral Products |
-6.0 |
-5.2 |
Fabricated Metal Products |
-2.0 |
-2.8 |
Miscellaneous Manufactures |
-2.3 |
-1.0 |
Footwear and Wearing Apparel |
-1.1 |
-0.7 |
Leather Products |
a/ |
-0.1 |
Electrical Machinery |
-10.8 |
10.4 |
Gainers |
Month-on-Month Growth (percent) |
|
---|---|---|
March 2015 |
February 2015
(revised)
|
|
Petroleum Products |
8.8 |
8.7 |
Electrical Machinery |
1.0 |
-5.6 |
Machinery Except Electrical |
1.5 |
-0.1 |
Miscellaneous Manufactures |
0.9 |
0.1 |
Basic Metals |
0.2 |
-0.7 |
Transport Equipment |
0.1 |
-0.5 |
Paper and Paper Products |
0.3 |
0.3 |
Footwear and Wearing Apparel |
0.2 |
-0.9 |
Leather Products |
0.1 |
-0.1 |
Textiles |
0.0 |
2.9 |
Rubber and Plastic Products |
0.1 |
0.0 |
Fabricated Metal Products |
0.0 |
0.9 |
Beverages |
0.0 |
0.0 |
Printing |
0.0 |
0.0 |
Food Manufacturing |
b/ |
0.1 |
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
March 2015 |
February 2015
(revised)
|
|
Furniture and Fixtures |
-11.1 |
16.7 |
Chemical Products |
-0.3 |
0.1 |
Non-Metallic Mineral Products |
-0.2 |
-0.7 |
Wood & Wood Products |
-0.4 |
-9.4 |
Tobacco |
-0.1 |
0.2 |
- Introduction
- Method of Index Computation
- Industry Coverage
Starting with January 2013 reference month, the PPI utilizes the 2009 Philippine Standard Industry Classification (PSIC) to classify sectors and industries. Selected industry classes of the 2009 PSIC were grouped to form the 20 industry groupings of the 2014 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
- Response Rate
The response rate for March 2015 is 82.1 percent, which corresponds to the retrieval of 536 establishments’ reports out of the 653 samples for the survey. Refer to Table B.
Table B Response Rates For Total Manufacturing
(In Percent)
|
|
---|---|
March 2015 |
February 2015
(revised)
|
82.1 |
97.7r |
Missing prices for products of sample establishments are estimated using the short-term relative change of all available prices within the same industry class. Revisions to the preliminary estimates are done upon receipt of actual reports from late respondents.