Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index:
August 2018, July 2018 and August 2017
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
August
2018
|
July
2018
|
August
2017
|
Producer Price Index (2000=100) |
132.6 |
132.8 r |
132.7 |
Year-on-Year Growth |
-0.04 |
0.2 |
-0.4 |
Month-on-Month Growth |
-0.1 |
-0.04 |
0.1 |
- Producer Price Index posts slight derease in August 2018
The Producer Price Index (PPI, 2000=100) for manufacturing slightly descended at a rate of 0.04 percent in August 2018 from a negative growth of 0.4 percent during the same period of previous year. The slowdown resulted from the decreases of ten major sectors with non - metallic mineral products posting the highest decline of 11.8 percent followed by leather products with a decline of 10.0 percent. On the other hand, tobacco products (51.8%) led the ten major sectors that posted increases. Refer to Tables 1 and A-1.
Month-on-month, the Producer Price Index likewise decreased by 0.1 percent from the previous month’s rate of negative 0.04 percent. Transport equipment and fabricated metal products, both with negative 1.4 percent each had the highest decline among the eight major sectors which decreased from the previous month’s level. Meanwhile, ten major sectors posted increases while two sectors reflected a flat growth. Refer to Tables 1 and A-2.
INDUSTRY GROUP |
Year-on-Year Growth (percent) |
|
August 2018 |
July 2018
(revised)
|
|
Gainers |
|
|
Petroleum Products |
17.7 |
21.0 |
Tobacco Products |
51.8 |
51.6 |
Electrical Machinery |
6.5 |
6.9 |
Machinery Except Electrical |
9.9 |
9.8 |
Beverages |
15.5 |
15.3 |
Basic Metals |
6.7 |
7.7 |
Miscellaneous Manufactures |
9.1 |
9.4 |
Printing |
4.2 |
4.3 |
Textiles |
3.7 |
4.5 |
Paper & Paper Products |
0.9 |
3.5 |
Losers |
|
|
Non-Metallic Mineral Products |
-11.8 |
-10.6 |
Food Manufacturing |
-2.0 |
-2.7 |
Chemical Products |
-2.6 |
-1.9 |
Fabricated Metal Products |
-7.3 |
-11.7 |
Transport Equipment |
-1.1 |
-0.5 |
Rubber and Plastic Products |
-3.5 |
-3.9 |
Furniture & Fixtures |
-8.3 |
-7.9 |
Leather Products |
-10.0 |
-7.1 |
Footwear & Wearing Apparel |
-1.2 |
-3.4 |
Wood & Wood Products |
-0.9 |
-1.5 |
INDUSTRY GROUP |
Month-on-Month Growth (percent) |
|
August 2018 |
July 2018
(revised)
|
|
Gainers |
|
|
Food Manufacturing |
0.3 |
-0.2 |
Footwear & Wearing Apparel |
3.0 |
-2.2 |
Machinery Except Electrical |
0.3 |
-b/ |
Basic Metals |
0.3 |
-0.2 |
Wood & Wood Products |
1.0 |
-1.2 |
Miscellaneous Manufactures |
0.5 |
0.7 |
Electrical Machinery |
a/ |
0.8 |
Furniture & Fixtures |
0.3 |
-2.6 |
Rubber and plastic products |
a/ |
0.7 |
Tobacco Products |
0.1 |
-0.1 |
Beverages |
0.0 |
0.4 |
Printing |
0.0 |
0.3 |
Losers |
|
|
Transport Equipment |
-1.4 |
0.9 |
Petroleum Products |
-0.5 |
0.3 |
Fabricated Metal Products |
-1.4 |
-0.2 |
Chemical Products |
-0.2 |
-0.6 |
Paper & Paper Products |
-0.5 |
0.8 |
Textiles |
-0.8 |
1.1 |
Leather Products |
b/ |
-4.9 |
Non-Metallic Mineral Products |
b/ |
2.9 |
- Response Rate
The response rate for August 2018 is 73.1 percent, which corresponds to the retrieval of 549 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)
|
|
---|---|
August 2018 |
July 2018
(revised)
|
73.1
|
91.1r
|
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 has been used to adjust weight effects and measure the correct price change.
- 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 2018 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
See more at the Producer Price Survey (PPS) main page.