Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index: September 2014 and August 2014 | ||
|---|---|---|
TOTAL MANUFACTURING | September 2014 | August 2014 |
| Producer Price Index (2000=100) | 149.3 | 151.1 r |
| Year-on-Year Growth | -1.2 | -1.1 r |
| Month-on-Month Growth | -1.2 | 1.4 |
- Producer Price Index decrease slowly in September 2014
Producer Price Index (PPI, 2000=100) for manufacturing slowly moved down by 1.2 percent in September 2014 compared with negative 6.8 percent in September 2013. The downtick can be traced to the negative growth of seven sectors led by chemical products (-22.0%). On the other hand, the increases registered by thirteen major sectors led by tobacco products (11.4%) were not able to improve the overall year-on-year performance of the September 2014 PPI. Refer to Tables 1 and A-1.
On a monthly basis, PPI decelerated to -1.2 percent in September 2014. The downtrend can be attributed to the decrements of four major sectors led by chemical products (-25.3%). In addition, the decreases posted by the two heavily weighted sectors: petroleum products (-1.2%) and food manufacturing (-0.8%) contributed to the negative performance of the monthly PPI. Meanwhile, 13 sectors reflected increases while three posted flat growths. Refer to Tables 1 and A-2
Gainers | Year-on-Year Growth (percent) | |
|---|---|---|
September 2014 | August 2014 (revised) | |
| Food Manufacturing | 3.9 | 4.6 |
| Electrical Machinery | 2.5 | -0.5 |
| Transport Equipment | 1.8 | -0.3 |
| Tobacco Products | 11.4 | 11.4 |
| Non-Metallic Mineral Products | 2.5 | 1.3 |
| Rubber and Plastic Products | 1.7 | 0.9 |
| Furniture and fixtures | 6.7 | 2.0 |
| Beverages | 0.8 | 0.8 |
| Wood and Wood Products | 1.7 | 1.9 |
| Leather Products | 2.9 | 2.5 |
| Paper and Paper Products | 1.0 | -0.3 |
| Textiles | 0.9 | 0.7 |
| Printing | 0.0 | 0.0 |
Losers | Year-on-Year Growth (percent) | |
|---|---|---|
| September 2014 | August 2014 (revised) | |
| Chemical Products | -22.0 | 3.0 |
| Machinery Except Electrical | -7.6 | -12.4 |
| Basic Metals | -5.7 | -6.6 |
| Petroleum Products | -1.8 | -2.0 |
| Fabricated Metal Products | -5.8 | -5.9 |
| Miscellaneous Manufactures | -5.9 | -7.9 |
| Footwear and Wearing Apparel | -0.3 | -0.9 |
Gainers | Month-on-Month Growth (percent) | |
|---|---|---|
| September 2014 | August 2014 (revised) | |
| Electrical Machinery | 1.2 | 1.7 |
| Machinery Except Electrical | 2.7 | 0.3 |
| Transport Equipment | 0.9 | -0.6 |
| Basic Metals | 0.5 | -0.4 |
| Non-Metallic Mineral Products | 0.9 | 0.2 |
| Fabricated Metal Products | 1.1 | -0.2 |
| Furniture and Fixtures | 3.7 | 23.2 |
| Footwear and Wearing Apparel | 0.9 | -1.3 |
| Miscellaneous Manufactures | 0.7 | -0.5 |
| Paper and Paper Products | 0.1 | -0.3 |
| Textiles | 0.1 | -0.4 |
| Leather Products | 0.2 | 0.0 |
| Rubber and Plastic Products | 0.6 | -0.4 |
| Beverages | 0.0 | 0.0 |
| Printing | 0.0 | 0.0 |
| Tobacco | 0.0 | 0.0 |
Losers | Month-on-Month Growth (percent) | |
|---|---|---|
September 2014 | August 2014 (revised) | |
| Chemical Products | -25.3 | 2.9 |
| Food Manufacturing | -0.8 | 0.1 |
| Petroleum Products& | -1.2 | -2.4 |
| Wood & Wood Products | -0.7 | -0.1 |
- 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 September 2014 is 91.3 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) | |
|---|---|
September 2014 | August 2014 (revised) |
91.3 | 96.6r |
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.
| Attachment | Size |
|---|---|
 TABLE 1 Producer Price Index |
80.79 KB |
|
Year-on-Year and Month-on-Month Growth Rates for Manufacturing Sector |
33.26 KB |