Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index:
September 2018, August 2018 and September 2017
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
September
2018
|
August
2018
|
September
2017
|
Producer Price Index (2000=100) |
132.1 |
131.6 r |
132.4 |
Year-on-Year Growth |
-0.2 |
-0.8 |
-0.5 |
Month-on-Month Growth |
0.4 |
0.1 |
-0.2 |
- Producer Price Index slightly declines in September 2018
The Producer Price Index (PPI, 2000=100) for manufacturing dropped at a slower rate of 0.2 percent in September 2018 compared with the 0.5 percent decline in the previous year. This was due to the decreases in the indices of nine major sectors with non-metallic mineral products posting the highest decrease of 11.6 percent followed by furniture and fixtures with a decrease of 7.1 percent. On the other hand, tobacco products (51.8%) led the 11 major sectors that posted increases. Refer to Tables 1 and A-1.
By month, PPI went up by 0.4 percent from the previous month’s rate of 0.1 percent with petroleum products (3.0%) dominating the increase along with other 11 major sectors. Meanwhile, five sectors posted decreases while three sectors reflected flat growth rate. Refer to Tables 1 and A-2.
INDUSTRY GROUP |
Year-on-Year Growth (percent) |
|
September 2018 |
August 2018
(revised)
|
|
Gainers |
|
|
Petroleum Products |
19.6 |
17.7 |
Tobacco Products |
51.8 |
51.8 |
Electrical Machinery |
8.3 |
7.2 |
Beverages |
15.5 |
15.5 |
Basic Metals |
6.6 |
7.0 |
Miscellaneous Manufactures |
9.8 |
9.1 |
Paper & Paper Products |
4.3 |
0.9 |
Machinery Except Electrical |
0.9 |
-0.2 |
Textiles |
4.0 |
4.3 |
Printing |
4.2 |
4.2 |
Footwear & Wearing Apparel |
0.3 |
-1.0 |
Losers |
|
|
Food Manufacturing |
-2.8 |
-2.2 |
Non-Metallic Mineral Products |
-11.6 |
-10.5 |
Transport Equipment |
-1.3 |
-1.1 |
Rubber & Plastic Products |
-3.2 |
-3.5 |
Chemical Products |
-1.4 |
-2.5 |
Fabricated Metal Products |
-3.7 |
-7.3 |
Furniture & Fixtures |
-7.1 |
-8.2 |
Wood & Wood Products |
-3.0 |
-1.2 |
Leather Products |
-2.3 |
-7.2 |
INDUSTRY GROUP |
Month-on-Month Growth (percent) |
|
September 2018 |
August 2018
(revised)
|
|
Gainers |
|
|
Petroleum Products |
3.0 |
-0.5 |
Electrical Machinery |
0.8 |
0.7 |
Machinery Except Electrical |
1.1 |
0.3 |
Transport Equipment |
0.5 |
-0.9 |
Basic Metals |
0.4 |
0.3 |
Footwear & Wearing Apparel |
1.5 |
2.9 |
Fabricated Metal Products |
0.6 |
-1.4 |
Paper & Paper Products |
0.7 |
-0.5 |
Chemical Products |
0.2 |
b/ |
Furniture & Fixtures |
0.9 |
0.5 |
Miscellaneous Manufactures |
0.4 |
0.5 |
Rubber & Plastic Products |
0.2 |
a/ |
Tobacco Products |
0.0 |
0.1 |
Beverages |
0.0 |
0.0 |
Printing |
0.0 |
0.0 |
Losers |
|
|
Food Manufacturing |
-0.9 |
a/ |
Non-Metallic Mineral Products |
-1.1 |
1.4 |
Leather Products |
-4.6 |
3.0 |
Wood & Wood Products |
-1.7 |
0.7 |
Textiles |
-0.3 |
-0.1 |
- Introduction
- Method of Index Computation
Starting with January 2017 PPI, a link factor has been used to adjust weight effects and measure the correct price change.
- 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 2018 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
See more at the Producer Price Survey (PPS) main page.