|
Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index
March 2019, February 2019 and March 2018
|
|||
|---|---|---|---|
|
TOTAL MANUFACTURING |
March
2019
|
February
2019
|
March
2018
|
|
Producer Price Index (2000=100) |
137.9 |
137.9 r |
133.1 |
|
Year-on-Year Growth (%) |
3.6 |
2.6 |
-0.6 |
|
Month-on-Month Growth (%) |
0.02 |
-0.9 |
-0.9 |
- Producer Price Index posts increment in March 2019
The Producer Price Index (PPI, 2000=100) for manufacturing increased at an annual rate of 3.6 percent in March 2019 from a negative growth rate of 0.6 percent during the same period of previous year. The upturn can be attributed to the increases of 13 major industry groups with furniture and fixtures posting a double-digit increment of 55.0 percent. On the contrary, chemical products with negative annual growth rate of 5.5 percent, led the seven industry groups that posted annual decreases. Refer to Tables 1 and A-1.
Month-on-month, PPI slightly increased by 0.02 percent compared to its previous month’s rate of negative 0.9 percent. Ten major industry groups pulled-up the monthly PPI which was led by leather products with a growth rate of 8.4 percent. Moreover, seven major industry groups posted decreases and three major industry groups reflected flat growths. Refer to Tables 1 and A-2.
|
INDUSTRY GROUP |
||
| March 2019 |
February 2019
(revised)
|
|
|
Gainers |
|
|
|
Transport Equipment |
3.5 |
2.7 |
|
Petroleum Products |
4.8 |
2.9 |
|
Non-Metallic Mineral Products |
9.1 |
10.5 |
|
Furniture & Fixtures |
55.0 |
45.4 |
|
Rubber & Plastic Products |
5.6 |
6.3 |
|
Tobacco Products |
5.2 |
5.2 |
|
Electrical Machinery |
1.2 |
a/ |
|
Beverages |
2.6 |
2.6 |
|
Paper & Paper Products |
4.8 |
1.3 |
|
Fabricated Metal Products |
3.6 |
1.1 |
|
Textiles |
3.1 |
4.3 |
|
Printing |
2.3 |
3.2 |
|
Leather Products |
2.2 |
-5.8 |
|
Losers |
|
|
|
Food Manufacturing |
-3.6 |
-3.2 |
|
Chemical Products |
-5.5 |
-4.8 |
|
Machinery Except Electrical |
-3.6 |
-0.6 |
|
Basic Metals |
-5.0 |
-5.2 |
|
Miscellaneous Manufactures |
-4.7 |
-4.7 |
|
Wood & Wood Products |
-3.3 |
-9.0 |
|
Footwear & Wearing Apparel |
-1.6 |
-3.4 |
|
INDUSTRY GROUP |
||
| March 2019 |
February 2019
(revised)
|
|
|
Gainers |
|
|
|
Petroleum Products |
1.6 |
2.0 |
|
Electrical Machinery |
0.9 |
-0.6 |
|
Leather Products |
8.4 |
0.4 |
|
Transport Equipment |
0.4 |
0.3 |
|
Footwear & Wearing Apparel |
1.3 |
-1.5 |
|
Basic Metals |
0.3 |
-1.8 |
| Fabricated Metal Products |
0.5 |
-1.7 |
|
Miscellaneous Manufactures |
0.6 |
b/ |
|
Wood & Wood Products |
0.7 |
-2.7 |
|
Textiles |
0.4 |
1.0 |
|
Tobacco Products |
0.0 |
7.0 |
|
Printing |
0.0 |
0.0 |
|
Beverages |
0.0 |
0.9 |
|
Losers |
|
|
|
Machinery Except Electrical |
-2.7 |
-7.1 |
|
Non-Metallic Mineral Products |
-0.6 |
0.3 |
|
Food Manufacturing |
-0.1 |
-0.5 |
|
Chemical Products |
-0.1 |
-0.3 |
|
Rubber & Plastic Products |
-0.2 |
-0.3 |
|
Paper & Paper Products |
-0.1 |
-0.5 |
|
Furniture & Fixtures |
-0.2 |
-1.0 |
JOSIE B. PEREZ
Assistant Secretary
Officer-in-Charge
- 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.