Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index:
November 2016, October 2016 and November 2015
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
November
2016
|
October
2016
|
November
2015
|
Producer Price Index (2000=100) |
134.6 |
133.6 r |
139.5 |
Year-on-Year Growth |
- 3.5 |
- 3.9 r |
- 6.2 |
Month-on-Month Growth |
0.8 |
- 0.3 r |
0.3 |
- Producer Price Index slowly declines in November 2016
The Producer Price Index (PPI, 2000=100) for manufacturing moved downward by 3.5 percent in November 2016 from the negative 6.2 percent during the same period last year. This was brought about by the double-digit decreases of two major sectors: furniture and fixtures (-19.0%) and machinery except electrical (-11.5%).In addition, decrements were noted in the other 11 major sectors including the heavily-weighted petroleum products (-6.6%) and electrical machinery (-2.3%). On the other hand, miscellaneous manufactures (7.0%) led the seven sectors that posted increases. Refer to Tables 1 and A-1.
On a monthly basis, the PPI rose by 0.8 percent due to the increases posted by 14 major sectors led by electrical machinery (1.9%) and machinery except electrical (1.6%). On the other hand, four major sectors reflected decreases while two sectors posted flat growths. Refer to Tables 1 and A-2.
Gainers |
Year-on-Year Growth (percent) |
|
---|---|---|
November 2016 |
October 2016
(revised)
|
|
Food Manufacturing |
1.6 |
2.2 |
Beverages |
4.3 |
4.3 |
Miscellaneous Manufactures |
7.0 |
6.7 |
Non-Metallic Mineral Products |
1.5 |
1.9 |
Wood and Wood Products |
4.1 |
3.6 |
Textiles |
0.8 |
0.1 |
Tobacco Products |
0.1 |
0.1 |
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
November 2016 |
October 2016
(revised)
|
|
Machinery except Electrical |
-11.5 |
-13.1 |
Petroleum Products |
-6.6 |
-5.2 |
Electrical Machinery |
-2.3 |
-3.7 |
Basic Metals |
-5.9 |
-6.4 |
Transport Equipment |
-1.0 |
-0.7 |
Furniture and fixtures |
-19.0 |
-19.6 |
Chemical Products |
-1.0 |
-0.6 |
Rubber and Plastic Products |
-1.6 |
-1.2 |
Leather Products |
-9.6 |
-10.1 |
Footwear and Wearing Apparel |
-0.9 |
-1.9 |
Paper and Paper Products |
-0.8 |
-0.6 |
Fabricated Metal Products |
-0.2 |
-0.4 |
Printing |
-0.6 |
-0.6 |
Gainers |
Month-on-Month Growth (percent) |
|
---|---|---|
November 2016 |
October 2016
(revised)
|
|
Electrical Machinery |
1.9 |
-2.5 |
Petroleum Products |
0.3 |
4.7 |
Machinery except Electrical |
1.6 |
0.5 |
Leather Products |
0.8 |
0.2 |
Food Manufacturing |
a/ |
b/ |
Fabricated Metal Products |
0.4 |
0.1 |
Chemical Products |
a/ |
0.3 |
Footwear and Wearing Apparel |
0.5 |
0.4 |
Beverages |
0.0 |
0.0 |
Miscellaneous Manufactures |
1.0 |
-0.1 |
Rubber and Plastic Products |
0.1 |
0.0 |
Printing |
0.1 |
0.0 |
Tobacco Products |
0.0 |
0.0 |
Textiles |
0.2 |
0.1 |
Furniture and Fixtures |
1.3 |
0.0 |
Paper and Paper Products |
-0.3 |
b/ |
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
November 2016 |
October 2016
(revised)
|
|
Transport Equipment |
-0.2 |
0.3 |
Basic Metals |
-0.3 |
-0.6 |
Non-Metallic Mineral Products |
-0.3 |
-0.2 |
Wood and Wood Products |
-0.3 |
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 November 2016 is 74.4 percent, which corresponds to the retrieval of 560 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)
|
|
---|---|
November 2016 |
October 2016
(revised)
|
74.4 |
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.