|
Total Manufacturing |
September 2009 |
August 2009 |
|
Producer Price Index (2000=100) |
174.6 |
176.3r |
|
Year-on-Year Growth |
-3.4 |
-2.1r |
|
Month-on-Month Growth |
-0.9 |
1.6r |
· Producer Price Index slides further
The Producer Price Index (PPI, 2000=100) for the manufacturing industry further decreased to 3.4 percent in September 2009, compared with the year ago level, according to the preliminary results of the Monthly Producer Price Survey. Furniture and fixtures recorded the biggest decline at 32.8 percent followed bybasic metals (-20.3%), petroleum products (-17.8%), paper and paper products (-12.2%) and miscellaneous manufactures (-10.8%). On the other hand, increases in the PPI were observed in nine major sectors led by wood and wood products (20.8%) and footwear and wearing apparel (12.4%).Refer to Tables 1 and 1-A.
On a month-on-month basis, PPI likewise went down by 0.9 percent in September.Five major sectors registered decreases, led by electrical machinery (-3.9%). Refer to Tables 1 and 1-B.
· Response Rate
The response rate for September 2009 is 90.8 percent, which corresponds to the retrieval of 286 sample establishments reports. Refer to Table 2.
Response Rates for Total Manufacturing
(In percent)
|
September 2009 |
Auguast 2009 |
|
90.8 |
94.3r |
· 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, AUGUST 2009 - SEPTEMBER 2009
(2000=100)
|
Gainers |
Year-on-Year Growth (percent) |
|
|
September 2009 |
August 2009(revised) |
|
|
|
||
|
Chemical Products |
7.6 |
5.9 |
|
Machinery Except Electrical |
2.3 |
5.4 |
|
Footwear and Wearing Apparel |
12.4 |
13.9 |
|
Wood and Wood Products |
20.8 |
20.8 |
|
Textiles |
8.8 |
9.4 |
|
Non-Metallic Mineral Products |
1.8 |
3.5 |
|
Publishing and Printing |
5.9 |
5.9 |
|
Beverages |
1.3 |
1.3 |
|
Leather Products |
3.1 |
3.1 |
|
|
||
|
Losers |
Year-on-Year Growth (percent) |
|
|
September 2009 |
August 2009 |
|
|
|
||
|
Petroleum Products |
-17.8 |
-22.2 |
|
Electrical Machinery |
-9.6 |
-3.3 |
|
Basic Metals |
-20.3 |
-20.6 |
|
Food Manufacturing |
-3.0 |
-3.8 |
|
Paper and Paper Products |
-12.2 |
-11.3 |
|
Miscellaneous Manufactures |
-10.8 |
-9.8 |
|
Furniture and Fixtures |
-32.8 |
-25.7 |
|
Rubber and Plastic Products* |
-7.0 |
-7.1 |
|
Fabricated Metal Products |
-7.2 |
5.0 |
|
Tobacco Products |
-1.6 |
-1.6 |
|
Transport Equipment |
-0.5 |
-3.3 |
TABLE 1-B. PRODUCER PRICE INDEX, AUGUST 2009 - SEPTEMBER 2009
(2000=100)
|
Gainers |
Month-on-Month Growth (percent) |
|
|
September 2009 |
August2009(revised) |
|
|
|
||
|
Transport Equipment |
1.1 |
0.9 |
|
Machinery Except Electrical |
0.4 |
5.0 |
|
Food Manufacturing |
0.3 |
0.9 |
|
Footwear and Wearing Apparel |
0.5 |
0.0 |
|
Basic Metals |
0.1 |
3.8 |
|
Chemical Products |
0.1 |
-0.4 |
|
Non-Metallic Mineral Products |
0.1 |
0.1 |
|
Miscellaneous Manufactures |
0.0 |
-0.4 |
|
Rubber and Plastic Products* |
0.0 |
0.0 |
|
Leather Products |
0.0 |
0.0 |
|
Tobacco Products |
0.0 |
0.0 |
|
Wood and Wood Products |
0.0 |
0.0 |
|
Wood and Wood Products |
0.0 |
0.0 |
|
Publishing and Printing |
0.0 |
0.0 |
|
Beverages |
0.0 |
0.6 |
|
Textiles |
-0.0 |
-0.5/ |
|
|
||
|
Losers |
Month-on-Month Growth (percent) |
|
|
September 2009 |
August 2009 |
|
|
|
||
|
Electrical Machinery |
-3.9 |
1.8 |
|
Petroleum Products |
-3.3 |
5.4 |
|
Furniture and Fixtures |
-2.7 |
-16.0 |
|
Paper and Paper Products |
-0.6 |
0.6 |
|
Fabricated Metal Products |
b/ |
0.5 |
Note:
* - new sector in the 2000-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 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
