|
Total Manufacturing |
May 2009 |
April 2009 |
|
ProducerPriceIndex(2000=100) |
172.8 |
172.5r |
|
Year-on-Year Growth |
-0.3 |
1.5r |
|
Month-on-Month Growth |
0.1 |
0.7r |
· Producer Price Index posts negative rate
The Producer Price Index (PPI, 2000=100) for the manufacturing industry registered a decline of 0.3 percent in May 2009, compared with the year ago level, according to the preliminary results of the Monthly Producer Price Survey. Three out of nine major sectors reported two-digit price reductions namely: petroleum products (-31.3%), furniture and fixtures (-22.9%) and basic metals (-10.0%). However, increases in the PPI were also observed in eleven major sectors led by wood and wood products (21.3%), textiles (19.7%)and footwear and wearing apparel (13.0%). Refer to Tables 1 and 1-A.
PPI, on a month-on month basis, grew by 0.1 percent in May. Price increments were exhibited in eight major sectors led by petroleum products with 6.9 percent increase. Meanwhile, flat growth in prices of commodities were posted for the following major sectors, namely: wood and wood products, publishing and printing, leather products and beverages. Refer to Tables 1 and 1-B.
· Response Rate
The response rate for May 2009 is 90.8 percent, which corresponds to the retrieval of 286 sample establishments reports. Refer to Table 2.
Response Rates for Total Manufacturing
(In percent)
|
May 2009 |
April 2009(revised) |
|
90.8 |
95.9r |
· Technical Notes
The 2009 PPI Release utilizes the amended 1994 PSIC. Rubber and Plastic Products is a new major sector, consisting of two sub-sectors, namely: Rubber Products and Plastic Products . Rubber Productswas previously a major sector while Plastic Products was one of the sub-sectors of Chemical Products.
Previously, with seven sub-sectors, the major sector of Chemical Products now has six sub-sectors, namely: Basic Chemicals and Industrial Gases, Fertilizers, Paints, Drugs and Medicines, Cosmetics and Toilet Preparations and Miscellaneous Chemicals.
The weights of the major sectors and sub-sectors have been computed utilizing the results of the 2006 Census of Philippine Business and Industry for Manufacturing Establishments of ATE 20 and over. This allow the use of current available weights.
Thus, in this publication, the results of the PPI were recomputed with 2006 CPBI as weights beginning January 2009.
Non-responding sample establishments are estimated using cold-deck imputation method. Revisions to the preliminary estimates are done upon receipt of actual reports from late respondents.
|
|
(Sgd.) CARMELITA N. ERICTA |
TABLE 1-A. PRODUCER PRICE INDEX, APRIL 2009 - MAY 2009
(2000=100)
|
Gainers |
Year-on-Year Growth (percent) |
|
|
May 2009 |
April 2009 |
|
|
|
||
|
Electrical Machinery |
4.9 |
7.6 |
|
Machinery Except Electrical |
6.1 |
9.6 |
|
Chemical Products |
6.2 |
7.4 |
|
Footwear and Wearing Apparel |
13.0 |
13.1 |
|
Beverages |
8.6 |
9.8 |
|
Textiles |
19.7 |
19.1 |
|
Wood and Wood Products |
21.3 |
21.2 |
|
Non-Metallic Mineral Products |
5.6 |
7.5 |
|
Fabricated Metal Products |
2.6 |
6.5 |
|
Publishing and Printing |
5.9 |
5.9 |
|
Leather Products |
7.4 |
10.1 |
|
|
||
|
Losers |
Year-on-Year Growth (percent) |
|
|
May 2009 |
April 2009 |
|
|
|
||
|
Petroleum Products |
-31.3 |
-27.6 |
|
Basic Metals |
-10.0 |
-9.0 |
|
Food Manufacturing |
-2.8 |
-2.7 |
|
Rubber and Plastic Productsa/ |
-8.9 |
-8.7 |
|
Furniture and Fixtures |
-22.9 |
-7.2 |
|
Paper and Paper Products |
-7.4 |
-6.8 |
|
Transport Equipment |
-1.5 |
-0.5 |
|
Miscellaneous Manufactures |
-2.0 |
-2.4 |
|
Tobacco Products |
-0.5 |
-0.7 |
TABLE 1-B. PRODUCER PRICE INDEX, APRIL 2009 - MAY 2009
(2000=100)
|
Gainers |
Month-on-Month Growth (percent) |
|
|
May 2009 |
April 2009 |
|
|
|
||
|
Petroleum Products |
6.9 |
3.0 |
|
Food Manufacturing |
0.5 |
0.0 |
|
Chemical Products |
0.4 |
-4.7 |
|
Paper and Paper Products |
0.4 |
-1.3 |
|
Textiles |
0.6 |
0.0 |
|
Tobacco Products |
0.1 |
0.0 |
|
Rubber and Plastic Productsa/ |
0.1 |
0.4 |
|
Footwear and Wearing Apparel |
0.1 |
0.8 |
|
Wood and Wood Products |
0.0 |
0.0 |
|
Publishing and Printing |
0.0 |
0.0 |
|
Leather Products |
0.0 |
0.0 |
|
Beverages |
0.0 |
0.0 |
|
|
||
|
Losers |
Month-on-Month Growth (percent) |
|
|
May 2009 |
April 2009 |
|
|
|
||
|
Electrical Machinery |
-1.1 |
0.5 |
|
Machinery Except Electrical |
-1.2 |
3.3 |
|
Fabricated Metal Products |
-4.3 |
-6.3 |
|
Transport Equipment |
-0.8 |
1.1 |
|
Furniture and Fixtures |
-7.4 |
0.8 |
|
Basic Metals |
-0.6 |
-0.3 |
|
Miscellaneous Manufactures |
-0.5 |
2.1 |
|
Non-Metallic Mineral Products |
-0.2 |
1.6 |
Note:
a/ - new sector in the 2000-based series
Sectors are ranked according to their contribution to the overall 2000-based 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
