|
Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index:
September 2016, August 2016 and September 2015
|
|||
|---|---|---|---|
|
TOTAL MANUFACTURING |
September
2016
|
August
2016
|
September
2015
|
|
Producer Price Index (2000=100) |
133.9 |
132.7 r |
139.2 |
|
Year-on-Year Growth |
- 3.8 |
- 4.6 r |
- 7.9 |
|
Month-on-Month Growth |
0.9 |
- 0.5 r |
0.0 |
- Producer Price Index declines at a slower pace in September 2016
The Producer Price Index (PPI, 2000=100) for manufacturing reflected a decrease of 3.8 percent in September 2016, showing an improvement from the negative 7.9 percent during the same period last year. Four of the 14 major sectors significantly contributed to the decline led by furniture and fixtures, registering a double-digit decrease of 19.3 percent. Other sectors that posted double-digit decrements were also observed in the following: machinery except electrical (-16.5%), petroleum products (-11.4%) and leather products (-10.5%). On the other hand, miscellaneous manufactures (5.6%) led the six sectors that posted increases. Refer to Tables 1 and A-1.
On a monthly basis, the PPI advanced 0.9 percent in September from negative 0.5 percent a month earlier. Fifteen sectors pulled up the overall month-on-month performance of the PPI led by leather products (7.0%). On the other hand, three major sectors posted decrements while two sectors showed flat growths. Refer to Tables 1 and A-2.
|
Gainers |
Year-on-Year Growth (percent) |
|
|---|---|---|
| September 2016 |
August 2016
(revised)
|
|
|
Food Manufacturing |
1.8 |
1.9 |
|
Beverages |
4.3 |
4.3 |
|
Miscellaneous Manufactures |
5.6 |
3.4 |
|
Non-Metallic Mineral Products |
2.0 |
1.3 |
|
Tobacco Products |
0.1 |
0.1 |
|
Textiles |
0.2 |
-0.7 |
|
Losers |
Year-on-Year Growth (percent) |
|
|---|---|---|
| September 2016 |
August 2016
(revised)
|
|
|
Petroleum Products |
-11.4 |
-8.9 |
|
Machinery except Electrical |
-16.5 |
-18.2 |
|
Basic Metals |
-5.8 |
-5.3 |
|
Electrical Machinery |
-1.2 |
-0.3 |
|
Furniture and Fixtures |
-19.3 |
-25.8 |
|
Transport Equipment |
-0.9 |
-1.0 |
|
Chemical Products |
-1.1 |
-2.0 |
|
Footwear and Wearing Apparel |
-3.7 |
-5.2 |
|
Rubber and Plastic Products |
-1.7 |
-2.7 |
|
Fabricated Metal Products |
-1.8 |
-1.8 |
|
Leather Products |
-10.5 |
-16.2 |
|
Paper and Paper Products |
-1.4 |
-0.6 |
|
Wood and Wood Products |
-1.9 |
-2.5 |
|
Printing |
-0.7 |
-0.8 |
|
Gainers |
Month-on-Month Growth (percent) |
|
|---|---|---|
| September 2016 |
August 2016
(revised)
|
|
|
Electrical Machinery |
1.3 |
-0.4 |
|
Machinery except Electrical |
2.6 |
-1.0 |
|
Miscellaneous Manufactures |
2.3 |
-0.5 |
|
Basic Metals |
0.6 |
-2.3 |
|
Chemical Products |
0.5 |
-0.9 |
|
Transport Equipment |
0.3 |
0.1 |
|
Non-metallic Mineral Products |
0.8 |
-0.3 |
|
Leather Products |
7.0 | 1.4 |
|
Footwear and Wearing Apparel |
1.3 | 0.1 |
|
Rubber and Plastic Products |
0.4 | -0.1 |
|
Furniture and Fixtures |
1.8 | -2.3 |
|
Wood and Wood Products |
0.3 | 0.3 |
|
Fabricated Metal Products |
0.1 | -1.6 |
|
Textiles |
0.2 | -0.1 |
|
Printing |
0.1 | 0.0 |
|
Beverages |
0.0 | 0.0 |
|
Tobacco Products |
0.0 | 0.0 |
|
Losers |
Month-on-Month Growth (percent) |
|
|---|---|---|
| September 2016 |
August 2016
(revised)
|
|
|
Petroleum Products |
-0.7 |
-0.2 |
|
Food Manufacturing |
-0.1 |
0.2 |
|
Paper and Paper Products |
-0.1 |
0.7 |
- Introduction
- Method of Index Computation
- Industry Coverage
Starting with January 2013 reference month, the PPI utilizes the 2009 Philippine Standard Industrial Classification (PSIC) to classify sectors and industries. Selected industry classes of the 2009 PSIC were grouped to form the 20 industry groupings of the 2016 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 2016 is 76.5 percent, which corresponds to the retrieval of 576 establishments’ reports out of the 753 samples for the survey. Refer to Tables 2 and B.
|
Table B Response Rates For Total Manufacturing
(In Percent)
|
|
|---|---|
|
September 2016 |
August 2016
(revised)
|
|
76.5 |
89.1 r |
Missing prices for products of sample establishments are estimated using the short-term geometric mean of the actual prices of responding samples within the same industry class. Revisions to the preliminary estimates are done upon receipt of actual reports from late responding establishments.
FOR THE NATIONAL STATISTICIAN:
| Attachment | Size |
|---|---|
 TABLE 1 Producer Price Index |
31.5 KB |
|
Year-on-Year and Month-on-Month Growth Rates for Manufacturing Sector: January 2015-September 2016 |
7.75 KB |