Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index:
October 2017, September 2017 and October 2016
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
October
2017
|
September
2017
|
October
2016
|
Producer Price Index (2000=100) |
132.8 |
132.3 r |
132.4 |
Year-on-Year Growth |
0.3 |
- 0.6 |
- 4.8 |
Month-on-Month Growth |
0.4 |
- 0.3 |
- 0.6 |
- Producer Price Index posts slight increment in October 2017
The Producer Price Index (PPI, 2000=100) for manufacturing slightly increased at a rate of 0.3 percent in October 2017 from negative growth of 4.8 percent during the same period of previous year. The upturn can be attributed to the increases of eight out of 20 major sectors including the increment reflected by the heavily-weighted petroleum products with 7.8 percent. On the other hand, fabricated metal products (-26.0 percent) and leather products (-22.6 percent) led the 12 sectors that posted decreases. Refer to Tables 1 and A-1.
On a monthly basis, PPI likewise went up by 0.4 percent from previous month’s rate of negative 0.3 percent with 14 sectors posting a positive growth, led by transport equipment and furniture and fixtures, both with 0.9 percent. Meanwhile, only three sectors posted decreases while three sectors reflected flat growth. Refer to Tables 1 and A-2.
Gainers |
Year-on-Year Growth (percent) |
|
---|---|---|
October 2017 |
September 2017
(revised)
|
|
Petroleum Products |
7.8 |
12.9 |
Electrical Machinery |
4.1 |
0.8 |
Basic Metals |
4.5 |
3.1 |
Transport Equipment |
0.5 |
-0.1 |
Miscellaneous Manufactures |
2.3 |
3.3 |
Tobacco Products |
1.9 |
1.9 |
Printing |
2.6 |
2.6 |
Textiles |
1.1 |
1.1 |
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
October 2017 |
September 2017
(revised)
|
|
Fabricated Metal Products |
-26.0 |
-45.3 |
Non- Metallic Mineral Products |
-6.0 |
-6.2 |
Food Manufacturing |
-0.7 |
-0.4 |
Chemical Products (excludes plastic) |
-1.8 |
-1.9 |
Rubber and plastic products |
-2.9 |
-3.5 |
Furniture & Fixtures |
-16.4 |
-16.3 |
Beverages |
-1.8 |
-1.8 |
Leather Products |
-22.6 |
-22.7 |
Machinery except Electrical |
-0.8 |
2.4 |
Paper & Paper Products |
-1.6 |
-1.7 |
Footwear & Wearing Apparel |
-1.4 |
0.0 |
Wood & Wood Products |
-0.1 |
0.1 |
Gainers |
Month-on-Month Growth (percent) |
|
---|---|---|
October 2017 |
September 2017
(revised)
|
|
Electrical Machinery |
0.7 |
a/ |
Transport Equipment |
0.9 |
0.6 |
Machinery except Electrical |
0.6 |
a/ |
Basic Metals |
0.7 |
-0.9 |
Chemical Products (excludes plastic) |
0.4 |
-0.8 |
Petroleum Products |
0.2 |
-1.2 |
Miscellaneous Manufactures |
0.5 |
-0.1 |
Rubber and plastic products |
0.2 |
0.1 |
Furniture & Fixtures |
0.9 |
-0.3 |
Fabricated Metal Products |
0.2 |
-1.6 |
Paper & Paper Products |
0.2 |
-2.7 |
Leather Products |
0.4 |
-9.4 |
Textiles |
0.1 |
b/ |
Printing |
a/ |
b/ |
Wood & Wood Products |
0.0 |
0.0 |
Tobacco Products |
0.0 |
0.0 |
Beverages |
0.0 |
0.0 |
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
October 2017 |
September 2017
(revised)
|
|
Food Manufacturing |
-0.5 |
-0.1 |
Footwear & Wearing Apparel |
-1.1 |
0.1 |
Non- Metallic Mineral Products |
b/ |
a/ |
- Response Rate
The response rate for October 2017 is 79.5 percent, which corresponds to the retrieval of 597 establishments’ reports out of the 751 samples for the survey. Refer to Tables 2 and B..
Table B Response Rates For Total Manufacturing
(In Percent)
|
|
---|---|
October 2017 |
September 2017
(revised)
|
79.5
|
90.7r
|
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.
- Introduction
- Method of Index Computation
Starting with January 2017 PPI, a link factor was used to adjust weight effects and measure the correct price change. The weights are adjusted using the 2013 ASPBI.
- 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 2017 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