|
Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index: December 2015 and November 2015 |
||
|---|---|---|
|
TOTAL MANUFACTURING |
December
2015
|
November
2015
|
|
Producer Price Index (2000=100) |
139.4 |
139.8 r |
|
Year-on-Year Growth |
-7.2 |
-6.0 r |
|
Month-on-Month Growth |
-0.3 |
0.5 |
- Producer Price Index decelerates in December 2015
The Producer Price Index (PPI, 2000=100) for manufacturing slid by 7.2 percent in December 2015. During the same period in 2014, PPI declined by 1.4 percent. The downtrend can be attributed to the significant decrements of the heavily weighted major sectors namely: electrical machinery (-14.7%), basic metals (-12.0%) and petroleum products (-10.2%). The double-digit decreases posted by furniture and fixtures (-26.5%) and wood and wood products (-25.0%) also contributed to the overall negative performance of the December 2015 PPI. On the other hand, eight of the twenty major sectors registered increases led by machinery except electrical (3.7%). Refer to Tables 1 and A-1.
On a monthly basis, the PPI likewise fell by 0.3 percent in December 2015 from a 0.5 percent increase a month earlier. This was mainly due to the reduction in the prices of petroleum products (-7.4%). Moreover, five major sectors remained flat while ten major sectors posted increases. Refer to Tables 1 and A-2.
|
Gainers |
Year-on-Year Growth (percent) |
|
|---|---|---|
| December 2015 |
November 2015
(revised)
|
|
|
Machinery except Electrical |
3.7 |
2.5 |
|
Beverages |
2.9 |
8.0 |
|
Fabricated Metal Products |
2.0 |
1.6 |
|
Miscellaneous Manufactures |
1.1 |
5.8 |
|
Textiles |
2.8 |
0.6 |
|
Leather Products |
1.3 |
1.2 |
|
Paper and Paper Products |
0.2 |
4.1 |
|
Chemical Products |
a/ |
2.6 |
|
Losers |
Year-on-Year Growth (percent) |
|
|---|---|---|
| December 2015 |
November 2015
(revised)
|
|
|
Electrical Machinery |
-14.7 |
-16.6 |
|
Petroleum Products |
-10.2 |
-11.5 |
|
Basic Metals |
-12.0 |
-11.1 |
|
Transport Equipment |
-2.7 |
-0.3 |
|
Food Manufacturing |
-1.5 |
0.7 |
|
Rubber and Plastic Products |
-8.2 |
-4.1 |
|
Wood and Wood Products |
-25.0 |
-22.1 |
|
Furniture and Fixtures |
-26.5 |
-27.2 |
|
Tobacco Products |
-3.6 |
0.9 |
|
Footwear and Wearing Apparel |
-1.6 |
-2.6 |
|
Non-Metallic Mineral Products |
-0.5 |
-5.5 |
|
Printing |
-1.7 |
-1.7 |
|
Gainers |
Month-on-Month Growth (percent) |
|
|---|---|---|
| December 2015 |
November 2015
(revised)
|
|
|
Electrical Machinery |
0.9 |
0.5 |
|
Paper and Paper Products |
0.9 |
0.2 |
|
Food Manufacturing |
0.1 |
0.7 |
|
Machinery except Electrical |
0.2 |
1.3 |
|
Furniture and Fixtures |
2.1 |
0.5 |
|
Fabricated Metal Products |
0.4 |
0.3 |
|
Miscellaneous Manufactures |
0.5 |
0.7 |
|
Non-Metallic Mineral Products |
0.2 |
0.3 |
|
Footwear and Wearing Apparel |
0.4 |
-0.6 |
|
Wood and Wood Products |
0.1 |
-0.8 |
|
Printing |
0.0 |
0.0 |
|
Textiles |
0.0 |
-0.2 |
|
Leather Products |
0.0 |
0.3 |
|
Beverages |
0.0 |
0.0 |
|
Tobacco Products |
0.0 |
0.0 |
|
|
Month-on-Month Growth (percent) |
|
|---|---|---|
|
Losers |
December 2015 |
November 2015
(revised)
|
|
Petroleum Products |
-7.4 |
1.4 |
|
Transport Equipment |
-1.8 |
0.0 |
|
Basic Metals |
-1.7 |
-0.5 |
|
Chemical Products |
-0.3 |
0.1 |
|
Rubber and Plastic Products |
-0.2 |
0.5 |
- Introduction
- Method of Index Computation
- Industry Coverage
Starting with January 2013 reference month, the PPI utilizes the 2009 Philippine Standard Industry Classification (PSIC) to classify sectors and industries. Selected industry classes of the 2009 PSIC were grouped to form the 20 industry groupings of the 2014 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 December 2015 is 80.4 percent, which corresponds to the retrieval of 585 establishments’ reports out of the 728 samples for the survey. Refer to Table B.
Response rates for tobacco products and petroleum products both reached 100 percent. Refer to Table 2
|
Table B Response Rates For Total Manufacturing
(In Percent)
|
|
|---|---|
|
December 2015 |
Noveber 2015
(revised)
|
|
80.4 |
87.1r |
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.
| Attachment | Size |
|---|---|
 TABLE 1 Producer Price Index |
78.78 KB |
|
Year-on-Year and Month-on-Month Growth Rates for Manufacturing Sector |
35.88 KB |