r-revised

• Producer Price Index (PPI) increases but at a slower rate

The Producer Price Index (PPI) posted a 2.1 percent increase in November 2007 from its year-ago figure. Three out of ten (10) major sectors registered double-digit growth, namely: publishing and printing (20.9%), petroleum products (14.3%) and basic metals (13.6%). Seven (7) other sectors posted one-digit increase led by leather products at 7.0 percent. However, decreases in the PPI were also observed in ten (10) major sectors led by miscellaneous manufactures (-15.4%) and furniture and fixtures (-14.3%). Refer to Tables 1 and 1-A.

On the other hand, PPI on a monthly basis dropped by 0.3 percent in November 2007. This was brought about by the price decreases in the following major sectors: miscellaneous manufactures, transport equipment, furniture and fixtures, basic metals, electrical machinery, footwear and wearing apparel, textiles, food manufacturing and wood and wood products Refer to Tables 1 and 1-B.

• Response Rate
  

  The response rate for November 2007 is 85.9 percent, which corresponds to the retrieval of 262 sample establishments� reports. Refer to Table 2.

  Response Rates for Total Manufacturing
  (In percent)

  November 2007	October 2007            (revised)
  85.9	95.7

• Technical Notes
  

  Beginning the 2007 monthly issues, the 2000 based series of the PPI are released simultaneously with the 1994 based series. The 2000 based series for 2001 to 2006 were earlier made available in a separate Special Release.

  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                                                                                                     Administrator

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  TABLE 1-A. PRODUCER PRICE INDEX, OCTOBER - NOVEMBER 2007
  (1994 =100)

  Gainers	Year-on-Year Growth (percent)
  	November 2007	October 2007 (revised)
  Petroleum Products	14.3	8.6
  Food Manufacturing	5.3	5.7
  Basic Metals	13.6	15.7
  Chemical Products	5.7	4.0
  Non-Metallic Mineral Products	5.8	2.3
  Transport Equipment	4.0	6.1
  Publishing and Printing*	20.9	20.9
  Beverages	2.2	0.8
  Machinery Excluding Electrical*	3.6	2.4
  Leather Products*	7.0	-0.2
  Losers	Year-on-Year Growth (percent)
  	November 2007	October 2007 (revised)
  Electrical Machinery	-4.7	-3.4
  Miscellaneous Manufactures	-15.4	-10.9
  Furniture and Fixtures	-14.3	-14.6
  Fabricated Metal Products*	-2.8	-2.6
  Wood and Wood Products	-3.9	-5.0
  Paper and Paper Products	-1.1	-0.8
  Tobacco	-0.4	-0.4
  Footwear and Wearing Apparel*	-0.1	3.3
  Rubber Products	b/	-0.3
  Textiles	-0.4	-0.5

  TABLE 1-B. PRODUCER PRICE INDEX, OCTOBER - NOVEMBER 2007
  (1994=100)

  Gainers	Month-on-Month Growth (percent)
  	November 2007	October 2007 (revised)
  Petroleum Products	2.9	3.0
  Beverages	1.4	0.8
  Chemical Products	0.5	0.6
  Machinery Excluding Electrical*	1.4	0.0
  Non-metallic Mineral Products	0.5	-0.3
  Rubber Products	0.3	0.0
  Leather Products*	0.0	0.0
  Fabricated Metal Products*	0.0	0.0
  Publishing and Printing*	0.0	0.0
  Tobacco	0.0	0.0
  Paper and Paper Products	0.0	-0.1
  Losers	Month-on-Month Growth (percent)
  	November 2007	October 2007 (revised)
  Electrical Machinery	-1.1	-0.4
  Miscellaneous Manufactures	-5.4	-1.1
  Transport Equipment	-2.0	-0.4
  Basic Metals	-1.3	1.6
  Food Manufacturing	-0.2	-0.4
  Footwear and Wearing Apparel*	-0.8	0.7
  Furniture and Fixtures	-1.9	-7.4
  Textiles	-0.3	-0.1
  Wood and Wood Products	-0.1	-0.2

  
  Note: * - new sectors in the 1994-based series b/ - Less than 0.1 percent decrease

  Sectors are ranked according to their contribution to the overall 1994-based November 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

   

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  Source:   National Statistics Office
                   Manila, Philippines