Producer Price Index for Manufacturing (2018=100) April 2024
Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index: October 2015 and September 2015 |
||
---|---|---|
TOTAL MANUFACTURING
|
October
2015
|
September
2015
|
Producer Price Index (2000=100) |
139.2 |
140.0 r |
Year-on-Year Growth |
-7.6 |
-8.1 r |
Month-on-Month Growth |
-0.6 |
0.6 |
- Producer Price Index decelerates in October 2015
Producer Price Index (PPI, 2000=100) for manufacturing dropped by 7.6 percent in October 2015. During the same month last year, it declined by 0.7 percent. This can be attributed to the double-digit decrements of five major sectors namely: Furniture and fixtures (-34.1%), electrical machinery (-19.4%), petroleum products (-18.7%), wood and wood products (-17.9%) and basic metals (-10.4%). On the other hand, the remaining 11 sectors posted single-digit increases led by beverages (8.0%). Refer to Tables 1 and A-1.
On a month-on-month performance, the PPI likewise moved down by 0.6 percent. It posted a positive growth of 0.6 percent during the previous month. The negative performance of the monthly PPI can be traced to the decreases posted by thirteen out of the twenty major sectors including the heavily weighted sectors: electrical machinery (-1.6%) and petroleum products (-1.3%). Refer to Tables 1 and A-2.
Gainers |
Year-on-Year Growth (percent) |
|
---|---|---|
October 2015 |
September 2015
(revised)
|
|
Beverages |
8.0 |
8.0 |
Machinery except Electrical |
3.4 |
1.8 |
Chemical Products |
2.4 |
1.4 |
Miscellaneous Manufactures |
4.9 |
5.6 |
Paper and Paper Products |
3.6 |
3.8 |
Food Manufacturing |
0.2 |
0.4 |
Fabricated Metal Products |
1.7 |
1.1 |
Tobacco Products |
0.9 |
0.9 |
Textiles |
1.5 |
1.6 |
Transport Equipment |
0.1 |
-1.8 |
Leather Products |
0.9 |
1.2 |
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
October 2015 |
September 2015
(revised)
|
|
Electrical Machinery |
-19.4 |
-17.3 |
Petroleum Products |
-18.7 |
-22.2 |
Basic Metals |
-10.4 |
-12.7 |
Non-Metallic Mineral Products |
-6.4 |
-6.5 |
Wood and Wood Products |
-17.9 |
-18.5 |
Rubber and Plastic Products |
-4.0 |
-3.4 |
Footwear and Wearing Apparel |
-2.4 |
-2.7 |
Furniture and Fixtures |
-34.1 |
-39.9 |
Printing |
-1.6 |
-1.6 |
(2000=100)
Gainers |
Month-on-Month Growth (percent) |
|
---|---|---|
October 2015 |
September 2015
(revised)
|
|
Transport Equipment |
0.3 |
0.7 |
Basic Metals |
0.5 |
1.3 |
Fabricated Metal Products |
1.3 |
0.1 |
Wood and Wood Products |
0.6 |
-0.1 |
Rubber and Plastic Products |
0.1 |
-0.5 |
Tobacco |
0.0 |
0.0 |
Beverages |
0.0 |
0.0 |
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
October 2015 |
September 2015
(revised)
|
|
Electrical Machinery |
-1.6 |
3.1 |
Petroleum Products |
-1.3 |
3.1 |
Machinery except Electrical |
-0.8 |
0.3 |
Footwear and Wearing Apparel |
-2.1 |
0.2 |
Chemical Products |
-0.4 |
-0.4 |
Miscellaneous Manufactures |
-1.2 |
0.4 |
Food Manufacturing |
-0.1 |
0.0 |
Paper and Paper Products |
-0.2 |
-0.1 |
Furniture and Fixtures |
-0.5 |
-6.4 |
Non-Metallic Mineral Products |
b/ |
0.0 |
Leather Products |
-0.2 |
0.1 |
Printing |
b/ |
0.0 |
Textiles |
b/ |
0.0 |
- Introduction
- Method of Index Computation
![](/sites/default/files/betafiles/producer-price-survey/51498_Formula1_PPS_2.png)
![](/sites/default/files/betafiles/producer-price-survey/51498_Formula2_PPS_2.png)
![](/sites/default/files/betafiles/producer-price-survey/51498_Formula3_PPS_3.png)
![](/sites/default/files/betafiles/producer-price-survey/51498_Formula4_PPS_3.png)
- 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 October 2015 is 79.1 percent, which corresponds to the retrieval of 576 establishments’ reports out of the 728 samples for the survey. Refer to Table B.
Response rates for wood and wood products and rubber and plastic products both reached 100 percent. Refer to Table 2.
Table B Response Rates For Total Manufacturing
(In Percent)
|
|
---|---|
October 2015 |
September 2015
(revised)
|
79.1 |
91.3r |
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.