Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index:
January 2018, December 2017 and January 2017
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
January
2018
|
December
2017
|
January
2017
|
Producer Price Index (2000=100) |
131.4 |
131.1 r |
134.1 |
Year-on-Year Growth |
-2.0 |
-1.7 |
-1.1 |
Month-on-Month Growth |
0.3 |
-0.2 |
0.6 |
- Producer Price Index slightly declines in January 2018
The Producer Price Index (PPI, 2000=100) for total manufacturing slightly declined at 2.0 percent in January 2018 from a negative 1.1 percent during the same period of the previous year. The decrease can be attributed to the decrements shown by 11 out of the 20 major sectors with two major sectors posting double digit decreases namely: fabricated metal products with -20.2 percent and leather products with -13.3 percent. Refer to Tables 1 and A-1.
On a month-on-month basis, PPI increased by 0.3 percent from the previous month’s rate of negative 0.2 percent with petroleum products (9.7 percent) dominating the increase along with other 12 major sectors. The remaining major sectors posted decreases. Refer to Tables 1 and A-2.
INDUSTRY GROUP |
Year-on-Year Growth (percent) |
|
---|---|---|
January 2018 |
December 2017
(revised)
|
|
Gainers |
|
|
Petroleum Products |
7.5 |
3.1 |
Electrical Machinery |
3.0 |
0.8 |
Tobacco Products |
6.7 |
1.9 |
Machinery Except Electrical |
2.7 |
-1.4 |
Beverages |
1.8 |
-1.8 |
Miscellaneous Manufactures |
5.4 |
b/ |
Non- Metallic Mineral Products |
1.2 |
-5.2 |
Basic Metals |
0.7 |
2.8 |
Furniture & Fixtures |
1.2 |
-19.4 |
Losers |
|
|
Food Manufacturing |
-3.0 |
-1.8 |
Fabricated Metal Products |
-20.2 |
-29.9 |
Transport Equipment |
-3.7 |
-2.2 |
Rubber and plastic products |
-5.4 |
-3.9 |
Chemical Products (excludes plastic) |
-2.3 |
-1.5 |
Footwear & Wearing Apparel |
-4.1 |
-3.8 |
Leather Products |
-13.3 |
-21.2 |
Paper & Paper Products |
-3.0 |
-0.2 |
Printing |
-1.4 |
2.3 |
Wood & Wood Products |
-0.7 |
-0.3 |
Textiles |
-0.1 |
0.7 |
INDUSTRY GROUP |
Month-on-Month Growth (percent) |
|
---|---|---|
January 2018 |
December 2017
(revised)
|
|
Gainers |
|
|
Petroleum Products |
9.7 |
0.4 |
Machinery Except Electrical |
4.1 |
-0.4 |
Electrical Machinery |
1.7 |
-0.3 |
Basic Metals |
1.9 |
-0.8 |
Beverages |
2.3 |
0.0 |
Miscellaneous Manufactures |
6.4 |
-0.4 |
Non- Metallic Mineral Products |
1.2 |
-0.1 |
Furniture & Fixtures |
5.5 |
-0.7 |
Leather Products |
3.8 |
-0.8 |
Fabricated Metal Products |
0.5 |
-1.0 |
Footwear & Wearing Apparel |
0.6 |
-2.1 |
Wood & Wood Products |
0.5 |
0.0 |
Tobacco Products |
4.8 |
0.0 |
Losers |
|
|
Transport Equipment |
-1.1 |
-0.1 |
Rubber and plastic products |
-3.4 |
-0.1 |
Food Manufacturing |
-0.3 |
0.4 |
Chemical Products (excludes plastic) |
-0.9 |
-0.1 |
Paper & Paper Products |
-1.8 |
-1.4 |
Printing |
-2.6 |
b/ |
Textiles |
-0.8 |
b/ |
- Response Rate
The response rate for January 2018 is 71.7 percent, which corresponds to the retrieval of 533 establishments’ reports out of the 743 samples for the survey. Refer to Tables 2 and B..
Table B Response Rates For Total Manufacturing
(In Percent)
|
|
---|---|
January 2018 |
December 2017
(revised)
|
71.7
|
89.3r
|
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