Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index:
March 2018, February 2018 and March 2017
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
March
2018
|
February
2018
|
March
2017
|
Producer Price Index (2000=100) |
132.8 |
132.6 r |
133.9 |
Year-on-Year Growth |
-0.9 |
-1.2 |
-0.4 |
Month-on-Month Growth |
0.2 |
-0.1 |
-0.2 |
- Producer Price Index post slight decrease in March 2018
The Producer Price Index (PPI, 2000=100) for total manufacturing slowly declined by 0.9 percent in March 2018 from the negative 0.4 percent during the same period last year. The slowdown resulted from the decreases of ten major sectors with rubber and plastic products posting the highest decrease of 15.3 percent followed by leather products with a decrease of 14.7 percent. On the other hand, tobacco products (53.0%) led the other ten major sectors that posted increases. Refer to Tables 1 and A-1.
Month-on-month, it increased by 0.2 percent from the previous month’s rate of negative 0.1 percent with leather products (1.7%) dominating the increase along with other 10 major sectors. Meanwhile, seven major sectors posted decreases while two sectors reflected a flat growth. Refer to Tables 1 and A-2.
INDUSTRY GROUP |
Year-on-Year Growth (percent) |
|
---|---|---|
March 2018 |
February 2018
(revised)
|
|
Gainers |
|
|
Tobacco Products |
53.0 |
53.4 |
Petroleum Products |
7.6 |
4.6 |
Electrical Machinery |
3.1 |
2.1 |
Machinery Except Electrical |
4.2 |
3.9 |
Beverages |
5.5 |
5.3 |
Non- Metallic Mineral Products |
3.9 |
3.5 |
Miscellaneous Manufactures |
6.6 |
5.5 |
Wood & Wood Products |
2.0 |
-0.7 |
Furniture & Fixtures |
1.3 |
1.0 |
Textiles |
0.2 |
0.1 |
Losers |
|
|
Food Manufacturing |
-2.8 |
-3.6 |
Rubber and plastic products |
-15.3 |
-15.9 |
Fabricated Metal Products |
-12.9 |
-15.0 |
Chemical Products (excludes plastic) |
-3.2 |
-3.5 |
Transport Equipment |
-1.9 |
-0.7 |
Leather Products |
-14.7 |
-16.6 |
Basic Metals |
-1.2 |
3.7 |
Footwear & Wearing Apparel |
-3.9 |
-3.5 |
Printing |
-2.3 |
-2.0 |
Paper & Paper Products |
-0.5 |
2.0 |
INDUSTRY GROUP |
Month-on-Month Growth (percent) |
|
---|---|---|
March 2018 |
February 2018
(revised) |
|
Gainers |
|
|
Food Manufacturing |
0.6 |
-0.1 |
Chemical Products (excludes plastic) |
0.9 |
-0.9 |
Electrical Machinery |
0.4 |
0.5 |
Machinery Except Electrical |
0.3 |
0.2 |
Transport Equipment |
0.1 |
0.6 |
Leather Products |
1.7 |
-4.0 |
Petroleum Products |
a/ |
-8.0 |
Wood & Wood Products |
0.3 |
0.2 |
Furniture & Fixtures |
0.3 |
2.7 |
Miscellaneous Manufactures |
0.1 |
0.8 |
Printing |
a/ |
a/ |
Tobacco Products |
0.0 |
0.3 |
Beverages |
0.0 |
b/ |
Losers |
|
|
Basic Metals |
-3.2 |
1.6 |
Non- Metallic Mineral Products |
-0.1 |
1.0 |
Rubber and plastic products |
-0.1 |
-4.5 |
Paper & Paper Products |
-0.2 |
0.3 |
Fabricated Metal Products |
-0.1 |
0.2 |
Footwear & Wearing Apparel |
b/ |
1.1 |
Textiles |
b/ |
0.1 |
- Response Rate
The response rate for March 2018 is 73.3 percent, which corresponds to the retrieval of 557 establishments’ reports out of the 760 samples for the survey. Refer to Tables 2 and B.
Table B Response Rates For Total Manufacturing
(In Percent)
|
|
---|---|
March 2018 |
February 2018
(revised)
|
73.3
|
88.7r
|
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
Starting with January 2017 PPI, a link factor has been used to adjust weight effects and measure the correct price change.
- 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 2018 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
See more at the Producer Price Survey (PPS) landing page.