Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index: October 2014 and September 2014 |
||
---|---|---|
TOTAL MANUFACTURING |
October
2014
|
September
2014
|
Producer Price Index (2000=100) |
151.0 |
152.2 r |
Year-on-Year Growth |
-0.3 |
0.7 r |
Month-on-Month Growth |
-0.8 |
0.8 |
- Producer Price Index decelerates in October 2014
Producer Price Index (PPI, 2000=100) for manufacturing declined at a slower pace of 0.3 percent in October 2014 compared with negative 5.7 percent in October 2013. The downtrend was brought about by the decreases in prices of eight (8) major sectors led by furniture and fixtures (-11.5%). On the other hand, twelve sectors reflected increases led by tobacco products (11.4%), but their positive growths were not able to pull-up the October 2014 PPI. Refer to Tables 1 and A-1.
On a monthly basis, PPI moved down by 0.8 percent in October 2014 from a positive 0.8 percent a month earlier. The decrease was influenced by eight major sectors led by furniture and fixtures (-9.3%). Furthermore, the heavily weighted petroleum products which further decelerated by -5.5% in October 2014 contributed much to the negative performance of the monthly PPI. Meanwhile, 7 sectors reflected increases while four sectors remained flat. Refer to Tables 1 and A-2.
Gainers |
Year-on-Year Growth (percent) |
|
---|---|---|
October 2014 |
September 2014
(revised)
|
|
Electrical Machinery |
4.9 |
2.5 |
Food Manufacturing |
4.3 |
4.6 |
Chemical Products |
3.2 |
1.9 |
Tobacco Products |
11.4 |
11.4 |
Non-Metallic Mineral Products |
3.2 |
2.6 |
Beverages |
1.7 |
0.8 |
Rubber and Plastic Products |
2.3 |
1.7 |
Wood and Wood Products |
1.7 |
1.7 |
Leather Products |
5.7 |
2.9 |
Textiles |
1.0 |
0.9 |
Paper and Paper Products |
0.5 |
0.7 |
Printing |
0.0 |
0.0 |
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
October 2014 |
September 2014
(revised)
|
|
Petroleum Products |
-7.0 |
-1.8 |
Basic Metals |
-9.2 |
-5.7 |
Machinery Except Electrical |
-5.7 |
-7.6 |
Transport Equipment |
-1.7 |
1.8 |
Fabricated Metal Products |
-5.8 |
-5.8 |
Furniture and fixtures |
-11.5 |
6.7 |
Miscellaneous Manufactures |
-5.1 |
-5.9 |
Footwear and Wearing Apparel |
-2.3 |
-0.3 |
Gainers |
Month-on-Month Growth (percent) |
|
---|---|---|
October 2014 |
September 2014
(revised)
|
|
Electrical Machinery |
1.0 |
1.2 |
Chemical Products |
0.7 |
1.7 |
Beverages |
0.9 |
0.0 |
Food Manufacturing |
0.1 |
-0.6 |
Miscellaneous Manufactures |
0.1 |
0.7 |
Non-Metallic Mineral Products |
0.0 |
0.9 |
Textiles |
0.1 |
0.1 |
Fabricated Metal Products |
0.0 |
1.1 |
Rubber and Plastic Products |
0.8 |
0.6 |
Printing |
0.0 |
0.0 |
Tobacco |
0.0 |
0.0 |
Leather Products |
0.0 |
0.2 |
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
October 2014 |
September 2014
(revised)
|
|
Petroleum Products |
-5.5 |
-1.2 |
Transport Equipment |
-1.6 |
0.9 |
Basic Metals |
-1.4 |
0.5 |
Furniture and Fixtures |
-9.3 |
3.7 |
Footwear and Wearing Apparel |
-2.4 |
0.9 |
Machinery Except Electrical |
-0.1 |
2.7 |
Wood & Wood Products |
-0.2 |
-0.7 |
Paper and Paper Products |
-0.1 |
-0.2 |
- Introduction
- Method of Index Computation
- Industry Coverage
Starting with January 2013 reference month, the PPI utilizes the 2009 Philippine Standard Industry Classification (PSIC) to classify sectors and industries. Selected industry classes of the 2009 PSIC were grouped to form the 20 industry groupings of the 2014 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
- Response Rate
The response rate for October 2014 is 90.5 percent, which corresponds to the retrieval of 326 establishments’ reports out of the 358 samples for the survey. Refer to Table B.
Table B Response Rates For Total Manufacturing
(In Percent)
|
|
---|---|
October 2014 |
September 2014
(revised)
|
90.5 |
97.2r |
Missing prices for products of sample establishments are estimated using the short-term relative change of all available prices within the same industry class. Revisions to the preliminary estimates are done upon receipt of actual reports from late respondents.