• Producer Price Index posts same rate as previous year's

The Producer Price Index (PPI, 2000=100) for manufacturing decelerated by 5.5 percent in March 2016, the same rate observed during the same month last year. This can be traced to the double-digit decrements reflected by three major sectors namely: machinery except electrical (-15.2%), furniture and fixtures (-12.8%) and basic metals (-10.5%).  On the other hand, miscellaneous manufactures (2.8%) led the eight major sectors that posted increases. Refer to Tables 1 and A-1.

On a monthly basis, the PPI keeps its previous month’s rate of negative 0.2 percent in March 2016. This was due to the decreases reflected by fourteen major sectors led by furniture and fixtures (-2.5%). Moreover, three major sectors remained unchanged while three major sectors posted increases. Refer to Tables 1 and A-2.

 

 

TABLE A-1   Producer Price Index, February 2016 and March 2016:

(2000=100)

• Introduction

• Method of Index Computation

• Industry Coverage

Starting with January 2013 reference month, the PPI utilizes the 2009 Philippine Standard Industrial Classification (PSIC) to classify sectors and industries. Selected industry classes of the 2009 PSIC were grouped to form the 20 industry groupings of the 2016 PPS. These are presented in the table below.

Note:  * - Major sectors categorized into sub-sectors

• Response Rate

The response rate for March 2016 is 72.1 percent, which corresponds to the retrieval of 545 establishments reports out of the 756 samples for the survey.Refer to Tables 2 and B.

Missing  prices for products of sample establishments are estimated using the short-term geometric mean of the actual prices of responding samples within the same industry class. Revisions to the preliminary estimates are done upon receipt of actual reports from late responding establishments.