• Producer Price Index decreases in November 2015

Producer Price Index (PPI,)for manufacturing declined by 6.0 percent in November 2015. During the same period last year, it decelerated by 2.0 percent. This was brought about by the significant decrements of five major sectors namely: furniture and fixtures (-27.7%), wood and wood products (-17.0%), electrical machinery (-16.6%), petroleum products (-11.8%), and basic metals (-11.1%). On the other hand, nine major sectors reflected single-digit increases led by miscellaneous manufactures (5.8%). Refer to Tables 1 and A-1.

On a month-on-month performance, the PPI advanced 0.4 percent after decreasing by 0.4 percent a month earlier. Eleven major sectors pulled-up the monthly PPI led by non-metallic mineral products (4.1%). Moreover, five major sectors remained flat while four sectors posted decrements. Refer to Tables 1 and A-2.

(2000=100)

• 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.

Note:  * - Major sectors categorized into sub-sectors

• Response Rate

The response rate for November 2015 is 79.0 percent, which corresponds to the retrieval of 575 establishments’ reports out of the 728 samples for the survey.  Refer to Table B.

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.