|
Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index:
November 2018, October 2018 and November 2017
|
|||
|---|---|---|---|
|
TOTAL MANUFACTURING |
November
2018
|
October
2018
|
November
2017
|
|
Producer Price Index (2000=100) |
132.6 |
133.5 r |
132.1 |
|
Year-on-Year Growth |
0.3 |
0.3 |
-0.6 |
|
Month-on-Month Growth |
-0.7 |
-0.3 |
0.5 |
- Producer Price Index posts slight increment in November 2018
The Producer Price Index (PPI, 2000=100) for manufacturing slightly increased at a rate of 0.3 percent in November 2018 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 14 out of 20 major industry groups with tobacco products posting the highest increase of 19.7 percent. On the contrary, furniture and fixtures (-7.9 percent) led the six industry groups that posted annual decreases. Refer to Tables 1 and A-1.
Month-on-month, PPI slightly descended by 0.7 percent from the previous month’s rate of negative 0.3 percent with petroleum products (-4.9 percent) dominating the decrease, along with other eight major industry groups. Meanwhile, eight major industry groups posted monthly increases while three industry groups reflected a flat growth. Refer to Tables 1 and A-2.
|
INDUSTRY GROUP |
Year-on-Year Growth (percent) |
|
| November 2018 |
October 2018
(revised)
|
|
|
Gainers |
|
|
|
Petroleum Products |
12.0 |
18.0 |
|
Electrical Machinery |
7.2 |
7.2 |
|
Beverages |
14.7 |
14.7 |
|
Tobacco Products |
19.7 |
19.3 |
|
Non-Metallic Mineral Products |
8.5 |
8.3 |
|
Basic Metals |
5.7 |
4.7 |
|
Transport Equipment |
1.4 |
0.1 |
|
Miscellaneous Manufactures |
9.6 |
9.8 |
|
Food Manufacturing |
0.3 |
-0.1 |
|
Paper & Paper Products |
2.4 |
3.0 |
|
Textiles |
5.8 |
5.8 |
|
Machinery Except Electrical |
0.5 |
a/ |
|
Printing |
4.3 |
4.2 |
|
Footwear & Wearing Apparel |
1.3 |
1.2 |
|
Losers |
|
|
|
Chemical Products |
-1.1 |
-0.5 |
|
Rubber & Plastic Products |
-2.3 |
-3.5 |
|
Furniture & Fixtures |
-7.9 |
-8.1 |
|
Wood & Wood Products |
-4.0 |
-4.1 |
|
Leather Products |
-6.9 |
-6.3 |
|
Fabricated Metal Products |
-0.3 |
-0.7 |
|
INDUSTRY GROUP |
Month-on-Month Growth (percent) |
|
| November 2018 |
October 2018
(revised)
|
|
|
Gainers |
|
|
|
Rubber & Plastic Products |
1.2 |
0.1 |
|
Basic Metals |
0.4 |
-1.0 |
|
Non-Metallic Mineral Products |
0.1 |
0.8 |
|
Transport Equipment |
a/ |
0.3 |
|
Chemical Products |
0.1 |
0.1 |
|
Paper & Paper Products |
0.2 |
-0.6 |
| Beverages |
a/ |
0.0 |
|
Wood & Wood Products |
a/ |
-0.9 |
|
Textiles |
0.0 |
2.6 |
|
Tobacco Products |
0.0 |
a/ |
|
Printing |
0.0 |
0.0 |
|
Losers |
|
|
|
Petroleum Products |
-4.9 |
-0.5 |
|
Electrical Machinery |
-1.0 |
-0.8 |
|
Food Manufacturing |
-0.4 |
-0.2 |
|
Machinery Except Electrical |
-0.9 |
-0.6 |
|
Miscellaneous Manufactures |
-1.3 |
0.5 |
|
Furniture & Fixtures |
-1.5 |
-0.8 |
|
Fabricated Metal Products |
-0.4 |
0.8 |
|
Footwear & Wearing Apparel |
-0.2 |
-0.5 |
|
Leather Products |
-0.3 |
-1.4 |
- 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
See more at the Producer Price Survey (PPS) main page.