Producer Price Index for Manufacturing (2018=100) July 2024
Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index:
March 2016, February 2016 and March 2015
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
March
2016
|
February
2016
|
March
2015
|
Producer Price Index (2000=100) |
136.4 |
136.7 r |
144.4 r |
Year-on-Year Growth |
-5.5 |
-5.0 r |
-5.5 r |
Month-on-Month Growth |
-0.2 |
-0.2 r |
0.3 r |
- Producer Price Index posts same rate as previous year's
The Producer Price Index (PPI, 2000=100) for manufacturing decelerated by 5.5 percent in March 2016, the same rate observed during the same month last year. This can be traced to the double-digit decrements reflected by three major sectors namely: machinery except electrical (-15.2%), furniture and fixtures (-12.8%) and basic metals (-10.5%). On the other hand, miscellaneous manufactures (2.8%) led the eight major sectors that posted increases. Refer to Tables 1 and A-1.
On a monthly basis, the PPI keeps its previous month’s rate of negative 0.2 percent in March 2016. This was due to the decreases reflected by fourteen major sectors led by furniture and fixtures (-2.5%). Moreover, three major sectors remained unchanged while three major sectors posted increases. Refer to Tables 1 and A-2.
Gainers |
Year-on-Year Growth (percent) |
|
---|---|---|
March 2016 |
February 2016
(revised)
|
|
Beverages |
2.7 |
2.7 |
Food Manufacturing |
0.6 |
-0.2 |
Non-Metallic Mineral Products |
2.1 |
3.1 |
Miscellaneous Manufactures |
2.8 |
3.2 |
Fabricated Metal Products |
1.2 |
2.0 |
Paper and Paper Products |
1.4 |
2.4 |
Leather Products |
0.8 |
1.6 |
Textiles |
0.5 |
0.5 |
Tobacco Products |
0.0 |
0.0 |
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
March 2016 |
February 2016
(revised)
|
|
Electrical Machinery |
-8.0 |
-6.3 |
Machinery except Electrical |
-15.2 |
-12.0 |
Petroleum Products |
-8.9 |
-9.9 |
Basic Metals |
-10.5 |
-11.0 |
Rubber and Plastic Products |
-5.1 |
-4.2 |
Transport Equipment |
-1.2 |
-2.4 |
Footwear and Wearing Apparel |
-4.3 |
-7.9 |
Furniture and fixtures |
-12.8 |
-14.2 |
Wood and Wood Products |
-6.3 |
-7.9 |
Chemical Products |
-0.6 |
-0.9 |
Printing |
-0.6 |
-0.4 |
Gainers |
Month-on-Month Growth (percent) |
|
---|---|---|
March 2016 |
February 2016
(revised)
|
|
Petroleum Products |
7.9 |
-3.5 |
Food Manufacturing |
0.6 |
0.3 |
Miscellaneous Manufactures |
0.6 |
-0.1 |
Beverages |
0.0 |
0.0 |
Textiles |
0.0 |
-0.3 |
Tobacco Products |
0.0 |
0.0 |
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
March 2016
|
February 2016
(revised)
|
|
Electrical Machinery |
-0.8 |
-0.3 |
Machinery except Electrical |
-1.9 |
-0.1 |
Basic Metals |
-1.7 |
0.0 |
Non-Metallic Mineral Products |
-1.0 |
-0.3 |
Transport Equipment |
-0.2 |
0.3 |
Furniture and Fixtures |
-2.5 |
0.6 |
Rubber and Plastic Products |
-0.4 |
0.0 |
Fabricated Metal Products |
-0.5 |
1.4 |
Chemical Products |
-0.2 |
-0.4 |
Paper and Paper Products |
-0.5 |
-0.1 |
Footwear and Wearing Apparel |
-0.5 |
-1.4 |
Wood and Wood Products |
-0.4 |
0.4 |
Printing |
-0.1 |
0.0 |
Leather Products |
-0.6 |
-0.1 |
- 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 March 2016 is 72.1 percent, which corresponds to the retrieval of 545 establishments reports out of the 756 samples for the survey.Refer to Tables 2 and B.
Table B Response Rates For Total Manufacturing
(In Percent)
|
|
---|---|
March 2016 |
February 2016
(revised)
|
72.1 |
84.3r |
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.