|
Total Manufacturing |
October 2006 |
September 2006 |
|
Producer Price Index |
249.7 |
250.6r |
|
Year-on-Year Growth |
9.8 |
8.8r |
|
Month-on-Month Growth |
-0.3 |
-0.1r |
r-revised
- Producer Price Index (PPI) increases by nearly two digits
Producer Price Index (PPI) for the manufacturing industry posted a year-on-year increase of 9.8 percent in October 2006. Monthly price increases were noted in sixteen (16) major sectors, with electrical machinery posting the highest increase of 63.3 percent. This was followed by five (5) other major sectors that exhibited two-digit price increases, namely: leather products, footwear and wearing apparel, machinery excluding electrical, rubber products and non-metallic mineral products. Refer to Tables 1 and 1-A.
On a monthly basis, PPI declined by 0.3 percent in October 2006. This was brought about by the decreases in twelve (12) major sectors, led by petroleum products with 4.3 percent decline. Refer to Tables 1 and 1-B.
- Response Rate
The response rate for October 2006 is 89.2 percent, which corresponds to the retrieval of 239 sample establishments reports. Refer to Table 2.
Response Rates for Total Manufacturing
(In percent)
|
October 2006 |
September 2006 |
|
89.2 |
96.3 |
- 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, September 2006 - October 2006
(1994 =100)
|
Gainers |
Year-on-Year Growth (percent) |
|
|
October 2006 |
September 2006 |
|
|
|
||
|
Electrical Machinery |
63.3 |
50.4 |
|
Food Manufacturing |
6.3 |
6.1 |
|
Footwear and Wearing Apparel* |
24.7 |
25.3 |
|
Non-Metallic Mineral Products |
10.8 |
8.8 |
|
Machinery Excluding Electrical* |
16.7 |
17.7 |
|
Fabricated Metal Products* |
8.5 |
6.9 |
|
Beverages |
2.6 |
2.3 |
|
Tobacco |
5.8 |
5.8 |
|
Paper and Paper Products |
4.5 |
3.9 |
|
Transport Equipment |
2.1 |
7.5 |
|
Textiles |
4.8 |
5.4 |
|
Rubber Products |
14.3 |
14.4 |
|
Leather Products* |
25.1 |
25.1 |
|
Basic Metals |
1.2 |
1.7 |
|
Wood and Wood Products |
7.7 |
6.8 |
|
Chemical Products |
0.5 |
0.3 |
|
|
||
|
Losers |
Year-on-Year Growth (percent) |
|
|
October 2006 |
September 2006 |
|
|
|
||
|
Petroleum Products |
-5.5 |
-2.6 |
|
Furniture and Fixtures |
-10.4 |
-13.3 |
|
Publishing and Printing* |
-9.5 |
-9.4 |
|
Miscellaneous Manufactures |
-4.2 |
-4.3 |
TABLE 1-B. PRODUCER PRICE INDEX, September 2006 - October 2006
(1994=100)
|
Gainers |
Month-on-Month Growth (percent) |
|
|
October 2006 |
September 2006 |
|
|
|
||
|
Non-Metallic Mineral Products |
2.0 |
-0.2 |
|
Fabricated Metal Products* |
1.6 |
2.8 |
|
Chemical Products |
0.1 |
a/ |
|
Wood and Wood Products |
0.6 |
-0.5 |
|
Rubber Products |
a/ |
a/ |
|
Tobacco |
a/ |
a/ |
|
Leather Products* |
a/ |
-0.1 |
|
Paper and Paper Products |
a/ |
a/ |
|
|
||
|
Losers |
Month-on-Month Growth (percent) |
|
|
October 2006 |
September 2006 |
|
|
|
||
|
Petroleum Products |
-4.3 |
-4.8 |
|
Basic Metals |
b/ |
1.2 |
|
Electrical Machinery |
-0.5 |
-0.3 |
|
Food Manufacturing |
-0.1 |
0.3 |
|
Transport Equipment |
-0.4 |
/b |
|
Footwear and Wearing Apparel* |
-0.5 |
1.0 |
|
Furniture and Fixtures |
-0.6 |
-1.4 |
|
Miscellaneous Manufactures |
-0.3 |
-0.7 |
|
Machinery Excluding Electrical* |
-0.2 |
0.3 |
|
Publishing and Printing* |
-0.2 |
a/ |
|
Beverages |
b/ |
a/ |
|
Textiles |
-0.1 |
1.7 |
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 October 2006 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
| Attachment | Size |
|---|---|
 TABLE 1 Producer Price Index (PPI) |
36.97 KB |
|
Year-on-Year and Month-on-Month Growth Rates for Manufacturing Sector (1994=100) |
7.7 KB |