|
Total Manufacturing |
November 2006 |
October 2006 |
|
Producer Price Index |
248.6 |
249.2r |
|
Year-on-Year Growth |
13.8 |
9.5r |
|
Month-on-Month Growth |
-0.2 |
-0.4r |
r-revised
· Producer Price Index (PPI) expands by two digits
Producer Price Index (PPI) for the manufacturing industry reflected a year-on-year increase of 13.8 percent in November 2006. Increases in actual prices can be observed in fifteen (15) major sectors, with electrical machinery continuing to post the highest increase of 92.4 percent. Four (4) other major sectors posted two-digit price increases, namely: leather products, footwear and wearing apparel, machinery excluding electrical, and rubber products. Refer to Tables 1 and 1-A.
On a monthly basis, PPI went down by 0.2 percent in November 2006. This was brought about by the price decreases reported by nine (9) major sectors led by petroleum products with a drop of 2.3 percent. Refer to Tables 1 and 1-B.
· Response Rate
The response rate for November 2006 is 89.0 percent, which corresponds to the retrieval of 238 sample establishments' reports. Refer to Table 2.
Response Rates for Total Manufacturing
(In percent)
|
November 2006 |
October 2006 |
|
89.0 |
97.4 |
· Technical Notes
Weights for the PPI are based from the results of the 2003 Annual Survey of Philippine Business and Industry (ASPBI) for manufacturing establishments with average total employment (ATE) of 20 and over.
Data of non-responding sample establishments are estimated based on previous records and other available sources. Revisions to the preliminary estimates are done upon receipt of actual reports of late respondents.
|
|
(Sgd.) CARMELITA N. ERICTA |
TABLE 1-A. PRODUCER PRICE INDEX, October 2006 - November 2006
(1994 =100)
|
Gainers |
Year-on-Year Growth (percent) |
|
|
November 2006 |
October 2006 |
|
|
|
||
|
Electrical Machinery |
92.4 |
80.3 |
|
Food Manufacturing |
6.9 |
7.1 |
|
Footwear and Wearing Apparel* |
24.5 |
24.1 |
|
Machinery Excluding Electrical* |
19.5 |
26.9 |
|
Non-Metallic Mineral Products |
7.0 |
11.4 |
|
Petroleum Products |
1.4 |
12.7 |
|
Fabricated Metal Products* |
8.8 |
4.0 |
|
Beverages |
2.6 |
3.5 |
|
Tobacco |
5.8 |
5.8 |
|
Paper and Paper Products |
6.1 |
4.5 |
|
Textiles |
4.9 |
3.2 |
|
Rubber Products |
13.7 |
15.3 |
|
Leather Products* |
25.1 |
25.2 |
|
Wood and Wood Products |
7.6 |
7.9 |
|
Basic Metals |
1.3 |
0.1 |
|
|
||
|
Losers |
Year-on-Year Growth (percent) |
|
|
November 2006 |
October 2006 |
|
|
|
||
|
Publishing and Printing* |
-9.4 |
-9.4 |
|
Furniture and Fixtures |
-9.4 |
-11.8 |
|
Transport Equipment |
-1.3 |
5.6 |
|
Miscellaneous Manufactures |
-2.6 |
-4.5 |
|
Chemical Products |
-0.1 |
0.9 |
TABLE 1-B. PRODUCER PRICE INDEX, October 2006 - November 2006
(1994=100)
|
Gainers |
Month-on-Month Growth (percent) |
|
|
November 2006 |
October 2006 |
|
|
|
||
|
Food Manufacturing |
0.2 |
0.5 |
|
Footwear and Wearing Apparel* |
0.8 |
-0.5 |
|
Paper and Paper Products |
1.8 |
-0.4 |
|
Machinery Excluding Electrical* |
0.3 |
-0.2 |
|
Fabricated Metal Products* |
0.2 |
1.6 |
|
Basic Metals |
0.3 |
-0.1 |
|
Beverages |
a/ |
b/ |
|
Rubber Products |
a/ |
-0.5 |
|
Tobacco |
a/ |
a/ |
|
Leather Products* |
a/ |
a/ |
|
Publishing and Printing* |
a/ |
a/ |
|
|
||
|
Losers |
Month-on-Month Growth (percent) |
|
|
November 2006 |
October 2006 |
|
|
|
||
|
Petroleum Products |
-2.3 |
-4.3 |
|
Chemical Products |
-1.2 |
0.1 |
|
Non-Metallic Mineral Products |
-2.8 |
2.0 |
|
Electrical Machinery |
-0.2 |
-0.5 |
|
Transport Equipment |
-0.2 |
-1.7 |
|
Miscellaneous Manufactures |
-0.3 |
-0.3 |
|
Furniture and Fixtures |
-0.2 |
-0.6 |
|
Textiles |
b/ |
-0.1 |
|
Wood and Wood Products |
b/ |
0.6 |
Note: * - new sectors in the 1994-based series
a/- Less than 0.1 percent increase
b/- Less than 0.1 percent decrease
Sectors are ranked according to their contribution to the overall 1994-based November 2006 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous year same month index less 1.
Month-on-month growth rates are computed by dividing the current month index by previous month index less 1
Source: National Statistics Office
Manila, Philippines
| Attachment | Size |
|---|---|
 TABLE 2 Distribution of Samples and Responding Establishments by Major Industry Group: PPS |
7.17 KB |
|
TABLE 5 Producer Price Index (PPI) |
37.87 KB |