Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index
January 2019, December 2018 and January 2018
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
January
2019
|
December
2018
|
January
2018
|
Producer Price Index (2000=100) |
140.0 |
132.3 r |
134.2 |
Year-on-Year Growth (%) |
4.3 |
0.3 |
0.1 |
Month-on-Month Growth (%) |
5.8 |
-0.3 |
1.8 |
- Producer Price Index increases in January 2019
The Producer Price Index (PPI, 2000=100) for manufacturing increased at an annual rate of 4.3 percent in January 2019. During the same month of previous year, the annual growth rate was lower at 0.1 percent. The rise can be associated to the increases of 11 out of 20 major industry groups led by furniture and fixtures with 47.6 percent annual growth. On the other hand, the remaining nine industry groups, which posted single-digit decreases, were led by leather products with negative annual growth rate of 8.7 percent. Refer to Tables 1 and A-1.
On a month-on-month performance, PPI grew by 5.8 percent from the previous month’s index which registered a monthly rate of negative 0.3 percent. Dominating the increase were 13 industry groups led by furniture and fixtures which rose by 69.0 percent. Meanwhile, six industry groups posted decreases while printing reflected a flat growth. Refer to Tables 1 and A-2.
INDUSTRY GROUP |
||
January 2019 |
December 2018
(revised)
|
|
Gainers |
|
|
Electrical Machinery |
6.1 |
7.6 |
Transport Equipment |
3.6 |
-0.5 |
Machinery Except Electrical |
5.8 |
12.6 |
Furniture & Fixtures |
47.6 |
-8.0 |
Non-Metallic Mineral Products |
5.9 |
8.1 |
Rubber & Plastic Products |
5.9 |
-2.9 |
Beverages |
1.5 |
14.2 |
Textiles |
6.2 |
4.1 |
Paper & Paper Products |
1.9 |
4.7 |
Fabricated Metal Products |
1.3 |
2.3 |
Printing |
3.2 |
4.3 |
Losers |
|
|
Petroleum Products |
-7.5 |
9.2 |
Food Manufacturing |
-2.5 |
-2.4 |
Chemical Products |
-1.3 |
-0.3 |
Basic Metals |
-1.9 |
0.1 |
Miscellaneous Manufactures |
-5.5 |
a/ |
Tobacco Products |
-1.4 |
13.7 |
Leather Products |
-8.7 |
-16.7 |
Wood & Wood Products |
-4.5 |
-5.0 |
Footwear & Wearing Apparel |
-0.5 |
0.8 |
INDUSTRY GROUP |
||
January 2019 |
December 2018
(revised)
|
|
Gainers |
|
|
Transport Equipment |
3.6 |
-0.1 |
Furniture & Fixtures |
69.0 |
2.4 |
Electrical Machinery |
2.5 |
0.2 |
Rubber & Plastic Products |
3.4 |
-0.6 |
Leather Products |
16.1 |
-12.4 |
Non-Metallic Mineral Products |
1.9 |
0.2 |
Basic Metals |
1.0 |
-4.1 |
Beverages |
0.9 |
0.0 |
Fabricated Metal Products |
1.6 |
0.7 |
Miscellaneous Manufactures |
1.4 |
1.3 |
Textiles |
2.6 |
-2.5 |
Petroleum Products |
0.2 |
-2.7 |
Wood & Wood Products |
1.2 |
-1.8 |
Printing |
0.0 |
0.0 |
Losers |
|
|
Food Manufacturing |
-0.4 |
-2.3 |
Chemical Products |
-1.5 |
-0.1 |
Machinery Except Electrical |
-0.5 |
1.5 |
Footwear & Wearing Apparel |
-2.3 |
-2.3 |
Paper & Paper Products |
-0.9 |
0.8 |
Tobacco Products |
-3.1 |
b/ |
LISA GRACE S. BERSALES, Ph. D.
Undersecretary
National Statistician and Civil Registrar General
- Introduction
- Method of Index Computation
- Computation of Growth Rates
Year-on-year growth rates are computed by dividing the current month index by the index in the same month of the previous year less 1.
Month-on-month growth rates are computed by dividing the current month index by the previous month’s index less 1.
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 2019 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 industry groups categorized into sub-industry classes
See more at the Producer Price Survey (PPS) main page.