|
Total Manufacturing |
October 2009 |
September 2009 |
|
ProducePriceIndex(2000=100) |
172.0 |
174.2r |
|
Year-on-Year Growth |
-4.8 |
-3.6r |
|
Month-on-Month Growth |
-1.3 |
-0.9r |
· Producer Price Index maintains negative trend
The Producer Price Index (PPI, 2000=100) for the manufacturing industry went down by 4.8 percent in October 2009, compared with the year ago level, according to the preliminary results of the Monthly Producer Price Survey. Six major sectors reported significant price reductions as follows: furniture and fixtures (-31.3%), basic metals (-16.9%), paper and paper products (-14.2%), miscellaneous manufactures (-13.9%), electrical machinery (-12.4%) and petroleum products (-11.3%). On the other hand, seven major sectors posted price increases led by wood and wood products (19.6%) and footwear and wearing apparel (12.2%) Refer to Tables 1 and 1-B.
PPI on a month-on month basis, likewise went down by 1.3 percent in October. Seven major sectors registered decreases led by machinery except electrical (- 4.0%). Refer to Tables 1 and 1-B.
· Response Rate
The response rate for October 2009 is 91.1 percent, which corresponds to the retrieval of 287 sample establishments reports. Refer to Table 2.
Response Rates for Total Manufacturing
(In percent)
|
October 2009 |
September 2009(revised) |
|
91.1 |
97.5r |
· Technical Notes
The 2009 PPI Release utilizes the amended 1994 PSIC. Rubber and Plastic Products is a new major sector, consisting of two sub-sectors, namely: Rubber Products and Plastic Products . Rubber Productswas previously a major sector while Plastic Products was one of the sub-sectors of Chemical Products.
Previously, with seven sub-sectors, the major sector of Chemical Products now has six sub-sectors, namely: Basic Chemicals and Industrial Gases, Fertilizers, Paints, Drugs and Medicines, Cosmetics and Toilet Preparations and Miscellaneous Chemicals.
The weights of the major sectors and sub-sectors have been computed utilizing the results of the 2006 Census of Philippine Business and Industry for Manufacturing Establishments of ATE 20 and over. This allow the use of current available weights.
Thus, in this publication, the results of the PPI were recomputed with 2006 CPBI as weights beginning January 2009.
Non-responding sample establishments are estimated using cold-deck imputation method. Revisions to the preliminary estimates are done upon receipt of actual reports from late respondents.
(Sgd.) CARMELITA N. ERICTA
Administrator
TABLE 1-A. PRODUCER PRICE INDEX, SEPTEMBER 2009 - OCTOBER 2009
(2000=100)
|
Gainers |
Year-on-Year Growth (percent) |
|
|
October 2009 |
September 2009(revised) |
|
|
|
||
|
Chemical Products |
9.0 |
7.6 |
|
Footwear and Wearing Apparel |
12.2 |
12.4 |
|
Wood and Wood Products |
19.6 |
20.8 |
|
Textiles |
8.4 |
8.8 |
|
Publishing and Printing |
5.9 |
5.9 |
|
Beverages |
1.0 |
1.3 |
|
Leather Products |
3.1 |
3.1 |
|
|
||
|
Losers |
Year-on-Year Growth (percent) |
|
|
October 2009 |
September 2009 |
|
|
|
||
|
Electrical Machinery |
-12.4 |
-10.4 |
|
Petroleum Products |
-11.3 |
-17.8 |
|
Basic Metals |
-16.9 |
-19.5 |
|
Machinery Except Electrical |
-4.5 |
1.8 |
|
Food Manufacturing |
-3.0 |
-3.6 |
|
Miscellaneous Manufactures |
-13.9 |
-9.0 |
|
Rubber and Plastic Products* |
-9.6 |
-7.8 |
|
Transport Equipment |
-4.4 |
-1.0 |
|
Paper and Paper Products |
-14.2 |
-12.2 |
|
Furniture and Fixtures |
-31.3 |
-32.8 |
|
Fabricated Metal Products |
-7.0 |
-7.2 |
|
Tobacco Products |
-1.6 |
-1.6 |
|
Non-Metallic Mineral Products |
-0.6 |
1.9 |
TABLE 1-B. PRODUCER PRICE INDEX, SEPTEMBER 2009 - OCTOBER 2009
(2000=100)
|
Gainers |
Month-on-Month Growth (percent) |
|
|
October 2009 |
September2009(revised) |
|
|
|
||
|
Chemical Products |
0.8 |
0.2 |
|
Food Manufacturing |
0.3 |
0.4 |
|
Furniture and Fixtures |
5.7 |
-2.7 |
|
Textiles |
0.1 |
0.0 |
|
Paper and Paper Products |
0.1 |
-0.6 |
|
Leather Products |
0.0 |
0.0 |
|
Tobacco Products |
0.0 |
0.0 |
|
Wood and Wood Products |
0.0 |
0.0 |
|
Publishing and Printing |
0.0 |
0.0 |
|
Fabricated Metal Products |
0.0 |
b/ |
|
Rubber and Plastic Products* |
0.0 |
0.1 |
|
Footwear and Wearing Apparel |
0.0 |
0.5 |
|
Beverages |
0.0 |
0.0 |
|
|
||
|
Losers |
Month-on-Month Growth (percent) |
|
|
October 2009 |
September 2009 |
|
|
|
||
|
Electrical Machinery |
-2.5 |
-3.9 |
|
Machinery Except Electrical |
-4.0 |
-0.1 |
|
Petroleum Products |
-1.1 |
-3.3 |
|
Basic Metals |
-1.9 |
0.8 |
|
Miscellaneous Manufactures |
-3.5 |
2.1 |
|
Transport Equipment |
-0.6 |
0.6 |
|
Non-Metallic Mineral Products |
-0.3 |
0.1 |
Note:
* - new sector in the 2000-based series
b/ - Less than 0.1 percent decrease
Sectors are ranked according to their contribution to the overall 2000-based 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
