Total Manufacturing | May 2007 | April 2007 |
| Producer Price Index | 251.9 | 251.6r |
| Year-on-Year Growth | 1.4 | 1.6r |
| Month-on-Month Growth | 0.1 | 0.0r |
r-revised
· Producer Price Index (PPI) maintains single-digit growth
The Producer Price Index (PPI) for the manufacturing industry continued to register a single-digit increase as it posted 1.4 percent in May 2007. Twelve (12) major sectors reported price increases, with double digit increases observed for publishing and printing (20.9%) and footwear and wearing apparel (16.8%). On the other hand, five (5) sectors registered year-on-year decreases in producer price commodities led by furniture and fixtures (-14.6%). Refer to Tables 1 and 1-A.
On a monthly basis, PPI slightly went up by 0.1 percent in May 2007. Seven (7) sectors contributed to the increase namely: basic metals, fabricated metal products, petroleum products, textiles, miscellaneous manufactures, machinery excluding electrical and transport equipment. Refer to Tables 1 and 1-B.
· Response Rate
The response rate for May 2007 is 89.2 percent, which corresponds to the retrieval of 272 sample establishments reports. Refer to Table 2.
Response Rates for Total Manufacturing
(In percent)
May 2007 | April 2007 |
89.2 | 95.4 |
· Technical Notes
Weights for the PPI are based from the results of the 2003 Annual Survey of Philippine Business and Industry (ASPBI) for manufacturing establishments with average total employment (ATE) of 20 and over.
Data of non-responding sample establishments are estimated based on previous records and other available sources. Revisions to the preliminary estimates are done upon receipt of actual reports of late respondents.
(Sgd.) CARMELITA N. ERICTA |
TABLE 1-A. PRODUCER PRICE INDEX, April 2007 - May 2007
(1994 =100)
Gainers | Year-on-Year Growth (percent) | |
May 2007 | April 2007 | |
| Food Manufacturing | 5.6 | 5.5 |
| Footwear and Wearing Apparel* | 16.8 | 10.7 |
| Basic Metals | 7.0 | 0.0 |
| Beverage | 4.6 | 4.6 |
| Publishing & Printing | 20.9 | 20.9 |
| Non-Metallic Mineral Products | 2.7 | 1.8 |
| Paper and Paper Products | 3.7 | 1.5 |
| Textile | 1.2 | 1.2 |
| Chemical Products | 0.2 | 1.9 |
| Machinery Excluding Electrical* | 1.0 | 1.2 |
| Rubber Products | 1.6 | 1.7 |
| Leather Products* | 2.1 | 2.1 |
| Transport Equipment | 0.0 | 0.0 |
| Miscellaneous Manufactures | 0.0 | 0.0 |
| Fabricated Metal Products* | 0.0 | -2.5 |
Losers | Year-on-Year Growth (percent) | |
May 2007 | April 2007 | |
| Petroleum Products | -5.3 | -0.5 |
| Electrical Machinery | -2.3 | 0.0 |
| Furniture and Fixtures | -14.6 | -13.3 |
| Wood & Wood Products | -4.3 | -4.4 |
| Tobacco | -0.7 | -0.7 |
TABLE 1-B. PRODUCER PRICE INDEX, April 2007 - May 2007
(1994=100)
Gainers | Month-on-Month Growth (percent) | |
May 2007 | April 2007 | |
| Basic Metals | 7.9 | -4.1 |
| Petroleum Products | 2.5 | 2.8 |
| Fabricated Metal Products* | 2.8 | 2.9 |
| Textile | 0.8 | 0.1 |
| Miscellaneous Manufactures | 0.6 | 0.8 |
| Transport Equipment | 0.1 | -1.4 |
| Machinery Excluding Electrical* | 0.3 | 2.8 |
| Footwear and Wearing Apparel* | 0.0 | 0.0 |
| Beverage | 0.0 | 1.4 |
| Rubber Products | 0.0 | 1.2 |
| Leather Products* | 0.0 | 0.0 |
| Publishing & Printing * | 0.0 | 0.0 |
| Tobacco | 0.0 | 0.0 |
Losers | Month-on-Month Growth (percent) | |
May 2007 | April 2007 | |
| Electrical Machinery | -3.1 | -2.0 |
| Food Manufacturing | -0.1 | 0.0 |
| Chemical Products | -0.4 | 0.1 |
| Non-Metallic Mineral Products | -0.7 | -1.5 |
| Furniture & Fixtures | -1.5 | -1.1 |
| Paper & Paper Products | -0.1 | 1.3 |
| Wood & Wood Products | -0.1 | -0.1 |
Note: * - new sectors in the 1994-based series
a/- Less than 0.1 percent increase
b/- Less than 0.1 percent decrease
Sectors are ranked according to their contribution to the overall 1994-based May 2007 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous year same month index less 1.
Month-on-month growth rates are computed by dividing the current month index by previous month index less 1
Source: National Statistics Office
Manila, Philippines
