Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index:
July 2017, June 2017 and July 2016
|
|||
---|---|---|---|
TOTAL MANUFACTURING |
July
2017
|
June
2017
|
July
2016
|
Producer Price Index (2000=100) |
132.3 |
132.4 r |
133.7 |
Year-on-Year Growth |
- 1.0 |
- 2.1 |
- 4.0 |
Month-on-Month Growth |
- 0.1 |
- 0.01 |
- 1.1 |
- Producer Price Index post decrements in July 2017
The Producer Price Index (PPI, 2000=100) for total manufacturing fell at a slower rate of 1.0 percent in July 2017 from negative 4.0 percent during the same period of previous year. The decrease can be attributed to the decrements shown by 12 out of the 20 major sectors with fabricated metal products posting the highest decline of 41.8 percent. Two other major sectors also posted double digit decrease namely: furniture and fixtures with -14.8 percent and leather products with -12.6 percent. Refer to Tables 1 and A-1.
Month-on-month, PPI likewise dropped by 0.1 percent from the previous month’s rate of negative 0.01 percent with non-metallic mineral products (-3.0%) dominating the decline along with other seven major sectors. Meanwhile, eleven major sectors posted increases while one sector reflected a flat growth. Refer to Tables 1 and A-2.
Gainers |
Year-on-Year Growth (percent) |
|
---|---|---|
July 2017 |
June 2017
(revised)
|
|
Petroleum Products |
10.3 |
7.6 |
Transport Equipment |
1.0 |
0.3 |
Miscellaneous Manufactures |
3.9 |
3.5 |
Electrical Machinery |
0.2 |
-2.8 |
Tobacco Products |
1.9 |
1.6 |
Printing |
2.6 |
2.6 |
Footwear & Wearing Apparel |
0.7 |
0.2 |
Food Manufacturing |
a/ |
0.1 |
Losers |
Year-on-Year Growth (percent) |
|
---|---|---|
July 2017 |
June 2017
(revised)
|
|
Fabricated Metal Products |
-41.8 |
-41.9 |
Machinery Except Electrical |
-3.2 |
-5.6 |
Non- Metallic Mineral Products |
-6.5 |
-4.2 |
Chemical Products (excludes plastic) |
-2.3 |
-1.6 |
Rubber and plastic products |
-3.8 |
-4.2 |
Furniture & Fixtures |
-14.8 |
-15.2 |
Beverage |
-1.6 |
-2.1 |
Leather Products |
-12.6 |
-19.4 |
Basic Metals |
-0.5 |
1.1 |
Textile |
-3.7 |
-3.7 |
Paper & Paper Products |
-0.6 |
0.7 |
Wood & Wood Products |
-0.3 |
-0.4 |
Gainers |
Month-on-Month Growth (percent) |
|
---|---|---|
July 2017 |
June 2017
(revised)
|
|
Electrical Machinery |
0.4 |
0.8 |
Machinery Except Electrical |
0.4 |
0.6 |
Beverage |
0.5 |
1.0 |
Transport Equipment |
0.2 |
0.3 |
Fabricated Metal Products |
0.4 |
-2.0 |
Miscellaneous Manufactures |
0.3 |
1.7 |
Rubber and plastic products |
a/ |
0.1 |
Furniture & Fixtures |
0.1 |
-1.3 |
Wood & Wood Products |
0.1 |
-1.2 |
Leather Products |
0.1 |
1.3 |
Printing |
0.0 |
a/ |
Tobacco Products |
0.0 |
0.0 |
Losers |
Month-on-Month Growth (percent) |
|
---|---|---|
July 2017 |
June 2017
(revised)
|
|
Non- Metallic Mineral Products |
-3.0 |
-0.1 |
Basic Metals |
-1.5 |
-0.4 |
Petroleum Products |
-0.3 |
-1.3 |
Chemical Products (excludes plastic) |
-0.6 |
-0.6 |
Paper & Paper Products |
-1.3 |
1.4 |
Food Manufacturing |
b/ |
0.1 |
Footwear & Wearing Apparel |
-0.1 |
-1.1 |
Textile |
b/ |
0.1 |
- Response Rate
The response rate for July 2017 is 80.2 percent, which corresponds to the retrieval of 602 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)
|
|
---|---|
July 2017 |
June 2017
(revised)
|
80.2
|
88.3r
|
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 was used to adjust weight effects and measure the correct price change. The weights are adjusted using the 2013 ASPBI.
- 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 2017 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