Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index:
May 2017, April 2017 and May 2016
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
May
2017
|
April
2017
|
May
2016
|
Producer Price Index (2000=100) |
132.4 |
132.6 r |
135.2 |
Year-on-Year Growth |
- 2.1 |
- 1.7 |
- 3.6 |
Month-on-Month Growth |
- 0.2 |
- 0.8 |
0.1 |
- Producer Price Index slightly decreases in May 2017
The Producer Price Index (PPI, 2000=100) for manufacturing dropped at a slower rate of 2.1 percent in May 2017 from a negative growth of 3.6 percent during the same period of previous year. This can be attributed to the significant decline of three major sectors namely; fabricated metal products, leather products and furniture and fixtures, which decreased by 41.2 percent, 22.9 percent and 20.9 percent, respectively. Refer to Tables 1 and A-1.
Month-on-month, PPI also went down by 0.2 percent from last month’s rate of negative 0.8 percent with leather products (-17.1%) leading the decline along with other ten major sectors. Furthermore, eight sectors posted increments while one sector reflected a flat growth. Refer to Tables 1 and A-2.
Gainers |
Year-on-Year Growth (percent) |
|
---|---|---|
May 2017 |
April 2017
(revised)
|
|
Petroleum Products |
8.1 |
16.9 |
Basic Metals |
4.3 |
3.9 |
Food Manufacturing |
0.6 |
0.8 |
Miscellaneous Manufactures |
2.9 |
3.2 |
Footwear & Wearing Apparel |
1.6 |
2.8 |
Transport Equipment |
0.2 |
0.5 |
Tobacco Products |
1.7 |
1.7 |
Printing |
3.1 |
3.1 |
Wood & Wood Products |
1.6 |
0.7 |
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
May 2017 |
April 2017
(revised)
|
|
Fabricated Metal Products |
-41.2 |
-43.2 |
Machinery Except Electrical |
-5.4 |
-0.9 |
Electrical Machinery |
-1.7 |
-0.6 |
Non- Metallic Mineral Products |
-5.5 |
-7.2 |
Beverages |
-2.6 |
-1.3 |
Chemical Products (excludes plastic) |
-1.9 |
-1.7 |
Furniture & Fixtures |
-20.9 |
-30.2 |
Rubber and plastic products |
-3.4 |
-1.8 |
Leather Products |
-22.9 |
-9.3 |
Paper & Paper Products |
-2.1 |
-1.6 |
Textiles |
-3.8 |
-4.0 |
Gainers |
Month-on-Month Growth (percent) |
|
---|---|---|
May 2017 |
April 2017
(revised)
|
|
Fabricated Metal Products |
2.2 |
-4.7 |
Transport Equipment |
0.2 |
-0.9 |
Food Manufacturing |
0.1 |
-0.2 |
Wood & Wood Products |
1.0 |
a/ |
Machinery Except Electrical |
0.1 |
-0.7 |
Furniture & Fixtures |
0.5 |
-4.6 |
Textiles |
0.2 |
0.2 |
Printing |
a/ |
b/ |
Tobacco Products |
0.0 |
2.2 |
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
May 2017 |
April 2017
(revised)
|
|
Petroleum Products |
-2.6 |
-0.3 |
Beverages |
-1.3 |
0.0 |
Basic Metals |
-0.8 |
-0.5 |
Leather Products |
-17.1 |
2.1 |
Electrical Machinery |
-0.3 |
0.6 |
Rubber and plastic products |
-1.2 |
-0.3 |
Paper & Paper Products |
-1.2 |
-1.5 |
Footwear & Wearing Apparel |
-0.7 |
-0.7 |
Miscellaneous Manufacture |
-0.3 |
-0.2 |
Non- Metallic Mineral Products |
-0.1 |
0.4 |
Chemical Products (excludes plastic) |
b/ |
-0.7 |
- Response Rate
The response rate for May 2017 is 77.4 percent, which corresponds to the retrieval of 581 establishments’ reports out of the 751 samples for the survey. Refer to Tables 2 and B..
Table B Response Rates For Total Manufacturing
(In Percent)
|
|
---|---|
May 2017 |
April 2017
(revised)
|
77.4
|
90.1 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
Starting with January 2017 PPI, a link factor was used to adjust weight effects and measure the correct price change. The weights are adjusted using the 2013 ASPBI.
- 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