Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index:
May 2018, April 2018 and May 2017
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
May
2018
|
April
2018
|
May
2017
|
Producer Price Index (2000=100) |
134.0 |
133.4 r |
132.7 |
Year-on-Year Growth |
1.0 |
0.5 |
-1.8 |
Month-on-Month Growth |
0.5 |
0.4 |
b/ |
- Producer Price Index posts slight increment in May 2018
The Producer Price Index (PPI, 2000=100) for manufacturing increased at a rate of 1.0 percent in May 2018 from negative growth of 1.8 percent during the same period of previous year. The increment can be attributed to the increases of 12 out of 20 major sectors led by tobacco products with 49.5 percent and petroleum products with 18.5 percent. On the other hand, fabricated metal products (-14.2 percent) and rubber and plastic products (-13.9 percent) led the eight sectors that posted decreases. Refer to Tables 1 and A-1.
On a month-on-month performance, PPI continues to exhibit a positive growth of 0.5 percent from 0.4 percent a month earlier. Sixteen major sectors pulled-up the monthly PPI led by paper and paper products (2.0%). Moreover, three major sectors posted decrements while one major sector remained flat. Refer to Tables 1 and A-2.
INDUSTRY GROUP |
Year-on-Year Growth (percent) |
|
May 2018 |
April 2018
(revised)
|
|
Gainers |
|
|
Petroleum Products |
18.5 |
15.2 |
Tobacco Products |
49.5 |
49.5 |
Beverages |
16.0 |
14.5 |
Electrical Machinery |
3.9 |
3.0 |
Basic Metals |
7.6 |
4.5 |
Machinery Except Electrical |
4.4 |
3.9 |
Miscellaneous Manufactures |
11.5 |
9.6 |
Non - Metallic Mineral Products |
2.8 |
5.0 |
Transport Equipment |
0.4 |
0.2 |
Furniture & Fixtures |
4.9 |
4.3 |
Paper & Paper Products |
0.6 |
-2.3 |
Textiles |
1.2 |
0.9 |
Losers |
|
|
Food Manufacturing |
-2.4 |
-2.5 |
Rubber and plastic products |
-13.9 |
-14.7 |
Fabricated Metal Products |
-14.2 |
-9.6 |
Chemical Products |
-2.5 |
-2.9 |
Wood & Wood Products |
-4.4 |
-3.4 |
Footwear & Wearing Apparel |
-2.4 |
-4.2 |
Printing |
-4.9 |
-4.9 |
Leather Products |
-0.7 |
-14.3 |
INDUSTRY GROUP |
Month-on-Month Growth (percent) |
|
May 2018 |
April 2018
(revised)
|
|
Gainers |
|
|
Petroleum Products |
1.1 |
5.5 |
Electrical Machinery |
0.6 |
0.9 |
Food Manufacturing |
0.2 |
0.4 |
Machinery Except Electrical |
0.6 |
-2.2 |
Paper & Paper Products |
2.0 |
0.6 |
Transport Equipment |
0.3 |
0.1 |
Basic Metals |
0.6 |
1.3 |
Footwear & Wearing Apparel |
1.2 |
-0.2 |
Miscellaneous Manufactures |
1.2 |
0.7 |
Chemical Products |
0.2 |
-0.3 |
Furniture & Fixtures |
1.1 |
0.7 |
Rubber and plastic products |
0.1 |
-0.2 |
Textiles |
0.5 |
0.1 |
Leather Products |
0.4 |
0.3 |
Beverages |
a/ |
a/ |
Printing |
a/ |
b/ |
Tobacco Products |
0.0 |
-0.1 |
Losers |
|
|
Fabricated Metal Products |
-0.7 |
0.6 |
Non - Metallic Mineral Products |
b/ |
-0.2 |
Wood & Wood Products |
b/ |
b/ |
- Response Rate
The response rate for May 2018 is 82.3 percent, which corresponds to the retrieval of 618 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 2018 |
April 2018
(revised)
|
82.3
|
92.0r
|
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) main page.