|
Total Manufacturing |
October 2007 |
September 2007 |
|
Producer Price Index (1994=100) |
254.5 |
254.4r |
|
Year-on-Year Growth |
2.2 |
1.8r |
|
Month-on-Month Growth |
0.0 |
0.2r |
r-revised
· Producer Price Index (PPI) continues to accelerate
The Producer Price Index (PPI)continued to increase by 2.2 percent in October 2007 from its year-ago figure. Twelve of the 20 major sectors reported increases led by publishing and printing (20.9%) and basic metals (14.5%). On the other hand, eight (8) major sectors registered year-on-year decreases with two-digit decreases reported by miscellaneous manufactures (-10.9%) and furniture and fixtures (-10.2%). Refer to Tables 1 and 1-A.
On a monthly basis, PPI in October 2007 remained almost flat. Six (6) out of 13 major sectors registered one-digit increase in growth led by petroleum products with a price increase of 3.0 percent. Other sectors that reported increases were the following: chemical products, basic metals, food manufacturing, non-metallic mineral products and textiles. However, decreases were observed in seven (7) major sectors led by furniture and fixtures. Refer to Tables 1 and 1-B.
· Response Rate
The response rate for October 2007 is 84.9 percent, which corresponds to the retrieval of 259 sample establishments reports. Refer to Table 2.
Response Rates for Total Manufacturing
(In percent)
|
October 2007 |
September 2007 |
|
84.9 |
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 |
TABLE 1-A. PRODUCER PRICE INDEX, SEPTEMBER - OCTOBER 2007
(1994 =100)
|
Gainers |
Year-on-Year Growth (percent) |
|
|
October 2007 |
September 2007 |
|
|
|
||
|
Food Manufacturing |
5.6 |
5.8 |
|
Basic Metals |
14.5 |
14.2 |
|
Chemical Products |
4.0 |
3.4 |
|
Transport Equipment |
6.1 |
4.6 |
|
Publishing and Printing |
20.9 |
20.9 |
|
Non-Metallic Mineral Products |
2.7 |
4.6 |
|
Footwear and Wearing Apparel* |
2.6 |
2.1 |
|
Beverages |
0.8 |
0.8 |
|
Machinery Excluding Electrical* |
1.8 |
2.2 |
|
Paper and Paper Products |
0.1 |
-0.2 |
|
Leather Products* |
7.0 |
7.0 |
|
Petroleum Products |
8.6 |
1.1 |
|
|
||
|
Losers |
Year-on-Year Growth (percent) |
|
|
October 2007 |
September 2007 |
|
|
|
||
|
Electrical Machinery |
-3.6 |
-3.6 |
|
Miscellaneous Manufactures |
-10.9 |
-10.1 |
|
Furniture and Fixtures |
-10.2 |
-11.7 |
|
Wood and Wood Products |
-5.0 |
-4.2 |
|
Fabricated Metal Products* |
-2.3 |
-0.8 |
|
Tobacco |
-0.4 |
-0.4 |
|
Rubber Products |
-0.3 |
-0.8 |
|
Textiles |
-0.1 |
-0.3 |
TABLE 1-B. PRODUCER PRICE INDEX, SEPTEMBER - OCTOBER 2007
(1994=100)
|
Gainers |
Month-on-Month Growth (percent) |
|
|
October 2007 |
September 2007 |
|
|
|
||
|
Petroleum Products |
3.0 |
1.4 |
|
Chemical Products |
0.7 |
0.8 |
|
Food Manufacturing |
0.3 |
0.6 |
|
Basic Metals |
0.6 |
-0.5 |
|
Non-metallic Mineral Products |
0.1 |
1.0 |
|
Textiles |
0.1 |
0.0 |
|
Beverages |
0.0 |
0.0 |
|
leather Products* |
0.0 |
0.4 |
|
Fabricated Metal Products* |
0.0 |
0.0 |
|
Publishing and Printing* |
0.0 |
0.0 |
|
Tobacco |
0.0 |
0.0 |
|
Footwear and Wearing Apparel* |
0.0 |
-1.5 |
|
Rubber Products |
0.0 |
-0.7 |
|
|
||
|
Losers |
Month-on-Month Growth (percent) |
|
|
October 2007 |
September 2007 |
|
|
|
||
|
Electrical Machinery |
-0.5 |
-1.2 |
|
Furniture and Fixtures |
-2.7 |
0.9 |
|
Miscellaneous Manufactures |
-1.2 |
0.3 |
|
Transport Equipment |
-0.4 |
-0.2 |
|
Machinery Excluding Electrical* |
-0.6 |
1.2 |
|
Paper and Paper Products |
-0.1 |
-1.4 |
|
Wood and Wood Products |
-0.2 |
0.0 |
Note: * - new sectors in the 1994-based series
Sectors are ranked according to their contribution to the overall 1994-based October 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
Source: National Statistics Office
Manila, Philippines
