|
Total Manufacturing |
September 2010 |
August 2010 |
|
Producer Price Index (2000=100) |
162.2 |
162.9r |
|
Year-on-Year Growth |
-6.9 |
-7.3r |
|
Month-on-Month Growth |
-0.5 |
-0.8r |
r-revised
· Producer Price Index posts negative rate
The Producer Price Index (PPI, 2000=100) for the manufacturing industry registered a slower decline of 6.9 percent in September 2010 compared with the year ago level, according to the preliminary results of the monthly Producer Price Survey. Eight major sectors posted negative rate led by machinery except electrical which registered 23.7 percent. Other two major sectors posted two-digit price decreases, namely: electrical machinery (15.1%) and furniture and fixtures (12.2%). On the other hand, twelve major sectors reported price increases, with two digit growth observed in leather products (14.9%) and footwear and wearing apparel (10.4%). Refer to Tables 1 and 1-B.
On a month-on month basis, PPI went down by 0.5 percent in September. This was brought about by the decrease in price exhibited by five major sectors led by miscellaneous manufactures with a 3.2 percent decline. On the other hand, eight major sectors registered increase in growth, while flat growths were observed in five major sectors. Refer to Tables 1 and 1-B.
· Response Rate
The response rate for September 2010 is 87.5 percent, which corresponds to the retrieval of 281 sample establishments reports. Refer to Table 2.
Response Rates for Total Manufacturing
(In percent)
|
September 2010 |
August 2010 |
|
87.5 |
92.8r |
· Technical Notes
The National Statistics Office generates various price indices, one of this is the Producer Price Index. (PPI). The PPI is generated through the results of the Producers Price Survey (PPS) conducted nationwide. The survey gathers monthly actual producer prices of selected products included in the market basket.
PPI utilizes the Paasche-type method of index computation with weights computed from the production concentration ratio of the Census of Philippine Business and Industry (CPBI)/ Annual Survey of Philippine Business and Industry (ASPBI). The weights are updated as soon as new results of the ASPBI/CPBI are available and applied at the beginning of each survey year.
Hence, the weights of the major sectors and sub-sectors for the 2009 PPI were computed from the results of the 2006 CPBI for Manufacturing Establishments of total employment of 20 and over, which is the latest census results.
Moreover, for industry classification, the 2010 PPI utilizes the amended 1994 Philippine Standard Industry Classification. There are 20 major sectors covered by the 2010 PPS with three consisting of subsectors.
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 |
TABLE 1-A. PRODUCER PRICE INDEX, AUGUST 2010 - SEPTEMBER 2010
(2000=100)
|
Gainers |
Year-on-Year Growth (percent) |
|
|
September 2010 |
August 2010 |
|
|
|
||
|
Food Manufacturing |
2.2 |
2.9 |
|
Petroleum Products |
2.2 |
-3.1 |
|
Footwear and Wearing Apparel |
10.4 |
10.9 |
|
Rubber and Plastic Products* |
5.4 |
4.1 |
|
Leather Products |
14.9 |
13.3 |
|
Tobacco Products |
3.3 |
3.3 |
|
Fabricated Metal Products |
3.5 |
2.3 |
|
Beverages |
1.1 |
1.1 |
|
Publishing and Printing |
3.4 |
3.4 |
|
Paper and Paper Products |
1.4 |
0.8 |
|
Non-Metallic Mineral Products |
0.1 |
0.1 |
|
Wood and Wood Products |
0.0 |
0.0 |
|
|
||
|
Losers |
Year-on-Year Growth (percent) |
|
|
September 2010 |
August 2010 |
|
|
|
||
|
Electrical Machinery |
-15.1 |
-17.1 |
|
Machinery Except Electrical |
-23.7 |
-22.0 |
|
Basic Metals |
-6.4 |
-6.0 |
|
Furniture and Fixtures |
-12.2 |
-15.5 |
|
Miscellaneous Manufactures |
-3.5 |
-1.1 |
|
Chemical Products |
-0.6 |
-0.2 |
|
Transport Equipment |
-0.2 |
-0.1 |
|
Textiles |
-0.8 |
-1.0 |
TABLE 1-B. PRODUCER PRICE INDEX, AUGUST 2010 - SEPTEMBER 2010
(2000=100)
|
Gainers |
Month-on-Month Growth (percent) |
|
|
September 2010 |
August 2010 |
|
|
|
||
|
Petroleum Products |
1.9 |
-3.2 |
|
Rubber and Plastic Products* |
1.4 |
-0.2 |
|
Transport Equipment |
0.7 |
-0.6 |
|
Fabricated Metal Products |
1.2 |
1.0 |
|
Furniture and Fixtures |
1.6 |
-5.1 |
|
Leather Products |
1.4 |
1.7 |
|
Textiles |
0.1 |
0.0 |
|
Non-Metallic Mineral Products |
0.7 |
-0.2 |
|
Beverages |
0.0 |
0.0 |
|
Tobacco Products |
0.0 |
0.0 |
|
Publishing and Printing |
0.0 |
0.0 |
|
Wood and Wood Products |
0.0 |
0.0 |
|
Footwear and Wearing Apparel |
0.0 |
0.4 |
|
|
||
|
Losers |
Month-on-Month Growth (percent) |
|
|
September 2010 |
August 2010 |
|
|
|
||
|
Electrical Machinery |
-1.7 |
-1.5 |
|
Machinery Except Electrical |
-1.6 |
-2.3 |
|
Miscellaneous Manufactures |
-3.2 |
1.2 |
|
Food Manufacturing |
-0.4 |
1.6 |
|
Chemical Products |
-0.1 |
-0.1 |
|
Basic Metals |
b/ |
0.4 |
|
Paper and Paper Products |
b/ |
0.7 |
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
