|
Total Manufacturing |
December 2007 |
November 2007 |
|
Producer Price Index (1994=100) |
252.3 |
253.3r |
|
Year-on-Year Growth |
0.9 |
1.9r |
|
Month-on-Month Growth |
-0.4 |
-0.5r |
· Producer Price Index (PPI) maintains positive growth
The Producer Price Index (PPI) for the manufacturing industry recorded a slower growth of 0.9 percent increase in December 2007 compared to its year-ago figure, according to the preliminary results of the monthly Producer price Survey. This was brought about by the increases reported by thirteen (13) major sectors with two-digit growth exhibited by the following sectors: publishing and printing (20.9%), petroleum products (17.7%) and basic metals (16.6%). However, price decreases were reported by six (6) major sectors with two-digit decrease (15.4%) recorded for miscellaneous manufactures (-15.4%). Refer to Tables 1 and 1-A.
On a month-on-month basis, PPI slightly went down by 0.4 percent in December 2007. Decline in prices were observed in the following major sectors: electrical machinery, machinery excluding electrical, chemical products, miscellaneous manufactures, furniture and fixtures and transport equipment footwear and wearing apparel, textiles and wood and wood products Refer to Tables 1 and 1-B.
· Response Rate
The response rate for December 2007 is 82.6 percent, which corresponds to the retrieval of 252 sample establishments� reports. Refer to Table 2.
Response Rates for Total Manufacturing
(In percent)
|
December 2007 |
November 2007 |
|
82.6 |
98.0 |
· Technical Notes
Beginning the 2007 monthly issues, the 2000 based series of the PPI are released simultaneously with the 1994 based series. The 2000 based series for 2001 to 2006 were earlier made available in a separate Special Release.
Weights for the PPI are based from the results of the 2003 Annual Survey of Philippine Business and Industry (ASPBI) for manufacturing establishments with average total employment (ATE) of 20 and over.
Data of non-responding sample establishments are estimated based on previous records and other available sources. Revisions to the preliminary estimates are done upon receipt of actual reports of late respondents.
|
|
(Sgd.) CARMELITA N. ERICTA |
TABLE 1-A. PRODUCER PRICE INDEX, NOVEMBER - DECEMBER 2007
(1994 =100)
|
Gainers |
Year-on-Year Growth (percent) |
|
|
December 2007 |
November 2007 |
|
|
|
||
|
Petroleum Products |
17.7 |
14.3 |
|
Basic Metals |
16.6 |
13.6 |
|
Food Manufacturing |
3.4 |
4.0 |
|
Chemical Products |
2.5 |
5.6 |
|
Publishing and Printing* |
20.9 |
20.9 |
|
Non-Metallic Mineral Products |
3.8 |
3.9 |
|
Transport Equipment |
2.7 |
4.5 |
|
Footwear and Wearing Apparel* |
2.4 |
0.0 |
|
Beverages |
0.8 |
0.8 |
|
Leather Products* |
7.0 |
7.0 |
|
Machinery Excluding Electrical* |
1.0 |
3.8 |
|
Textiles |
0.5 |
0.2 |
|
Rubber Products |
0.7 |
0.0 |
|
Paper and Paper Products |
0.0 |
-1.0 |
|
|
||
|
Losers |
Year-on-Year Growth (percent) |
|
|
December 2007 |
November 2007 |
|
|
|
||
|
Electrical Machinery |
-8.0 |
-5.6 |
|
Miscellaneous Manufactures |
-15.4 |
-15.4 |
|
Furniture and Fixtures |
-8.3 |
-9.8 |
|
Wood and Wood Products |
-3.9 |
-3.9 |
|
Fabricated Metal Products* |
-0.8 |
-1.5 |
|
Tobacco |
-0.4 |
-0.4 |
TABLE 1-B. PRODUCER PRICE INDEX, NOVEMBER - DECEMBER 2007
(1994=100)
|
Gainers |
Month-on-Month Growth (percent) |
|
|
December 2007 |
November 2007 |
|
|
|
||
|
Petroleum Products |
2.9 |
2.9 |
|
Basic Metals |
2.4 |
-1.3 |
|
Non-metallic Mineral Products |
3.4 |
-1.3 |
|
Footwear and Wearing Apparel* |
2.7 |
-0.7 |
|
Food Manufacturing |
0.2 |
-0.8 |
|
Fabricated Metal Products* |
0.7 |
-0.7 |
|
Paper and Paper Products |
0.1 |
0.0 |
|
Beverages |
0.0 |
0.0 |
|
Rubber Products |
0.0 |
0.3 |
|
Leather Products* |
0.0 |
0.0 |
|
Publishing and Printing* |
0.0 |
0.0 |
|
Tobacco |
0.0 |
0.0 |
|
Textiles |
0.0 |
-0.1 |
|
Wood and Wood Products |
0.0 |
-0.1 |
|
|
||
|
Losers |
Month-on-Month Growth (percent) |
|
|
December 2007 |
November 2007 |
|
|
|
||
|
Electrical Machinery |
-2.3 |
-1.9 |
|
Chemical Products |
-0.9 |
0.5 |
|
Machinery Excluding Electrical* |
-2.2 |
1.7 |
|
Transport Equipment |
-0.2 |
-1.5 |
|
Miscellaneous Manufactures |
-0.3 |
-5.3 |
|
Furniture and Fixtures |
-0.3 |
3.2 |
Note: * - new sectors in the 1994-based series
Sectors are ranked according to their contribution to the overall 1994-based December 2007 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous year same month index less 1.
Month-on-month growth rates are computed by dividing the current month index by previous month index less 1
Source: National Statistics Office
Manila, Philippines
