Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index:
March 2017, February 2017 and March 2016
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
March
2017
|
February
2017
|
March
2016
|
Producer Price Index (2000=100) |
135.9 |
136.6 r |
134.4 |
Year-on-Year Growth |
1.1 |
0.5 r |
- 6.9 |
Month-on-Month Growth |
- 0.5 |
0.2 r |
- 1.0 |
- Producer Price Index increases in March 2017
The Producer Price Index (PPI, 2000=100) for manufacturing moved up by 1.1 percent in March 2017 from the negative growth of 6.9 percent during the same period of previous year. Petroleum products (19.7%), led the nine sectors that pulled-up the PPI. On the other hand, fabricated metal products (-34.0%) led the other 11 major sectors that posted decreases. Refer to Tables 1 and A-1.
On a monthly basis, PPI went down by 0.5 percent in March 2017 from the previous month’s rate of 0.2 percent. This was due to the decrements posted by 13 major sectors led by petroleum products (-2.9%). Moreover, the decreases reflected by the heavily weighted sectors also contributed to the negative performance of the overall monthly PPI. These were: machinery except electrical (-1.7%), food manufacturing (-0.6%) and electrical machinery (-0.3%). Meanwhile, six sectors posted increases while one sector reflected a flat growth. Refer to Tables 1 and A-2.
Gainers |
Year-on-Year Growth (percent) |
|
---|---|---|
March 2017 |
February 2017
(revised)
|
|
Petroleum Products |
19.7 |
31.5 |
Transport Equipment |
2.5 |
1.3 |
Basic Metals |
1.6 |
-1.2 |
Miscellaneous Manufactures |
4.6 |
5.1 |
Footwear and Wearing Apparel |
3.0 |
1.7 |
Printing |
3.1 |
2.7 |
Paper and Paper Products |
1.0 |
-1.0 |
Wood and Wood Products |
1.0 |
1.4 |
Tobacco Products |
0.1 |
0.1 |
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
March 2017 |
February 2017
(revised)
|
|
Fabricated Metal Products |
-34.0 |
-34.5 |
Electrical Machinery |
-1.6 |
-3.4 |
Non-Metallic Mineral Products |
-5.7 |
-6.1 |
Rubber and Plastic Products |
-5.1 |
-4.4 |
Food Manufacturing |
-0.6 |
0.1 |
Machinery except Electrical |
-1.4 |
-4.6 |
Chemical Products |
-0.9 |
-1.1 |
Leather Products |
-12.8 |
-12.1 |
Furniture and fixtures |
-6.0 |
-8.1 |
Textiles |
-4.7 |
-4.2 |
Beverages |
-0.2 |
0.5 |
Gainers |
Month-on-Month Growth (percent) |
|
---|---|---|
March 2017 |
February 2017
(revised)
|
|
Transport Equipment |
1.2 |
-0.8 |
Basic Metals |
1.3 |
0.6 |
Paper and Paper Products |
1.6 |
-0.2 |
Chemical Products |
0.1 |
0.0 |
Footwear and Wearing Apparel |
0.3 |
0.0 |
Printing |
0.3 |
0.5 |
Tobacco Products |
0.0 |
0.0 |
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
March 2017 |
February 2017
(revised)
|
|
Petroleum Products |
-2.9 |
0.5 |
Machinery except Electrical |
-1.7 |
0.8 |
Food Manufacturing |
-0.6 |
-1.4 |
Electrical Machinery |
-0.3 |
0.9 |
Rubber and Plastic Products |
-1.5 |
0.2 |
Beverages |
-0.8 |
0.1 |
Non-Metallic Mineral Products |
-1.2 |
0.4 |
Fabricated Metal Products |
-0.8 |
-0.2 |
Furniture and Fixtures |
-1.4 |
2.5 |
Leather Products |
-2.1 |
0.9 |
Wood and Wood Products |
-0.7 |
0.3 |
Miscellaneous Manufactures |
-0.1 |
-0.5 |
Textiles |
b/ |
b/ |
- Response Rate
The response rate for March 2017 is 70.5 percent, which corresponds to the retrieval of 538 establishments’ reports out of the 754 samples for the survey. Refer to Tables 2 and B.
Table B Response Rates For Total Manufacturing
(In Percent)
|
|
---|---|
March 2017 |
February 2017
(revised)
|
70.5
|
81.7 r
|
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.
- 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.
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