|
Total Manufacturing |
October 2010 |
September 2010 |
|
Producer Price Index (2000=100) |
161.1 |
162.0r |
|
Year-on-Year Growth |
-6.5 |
-7.0r |
|
Month-on-Month Growth |
-0.5 |
-0.5r |
r-revised
· Producer Price Index maintains a decreasing trend
The Producer Price Index (PPI, 2000=100) for the manufacturing industry slowed down as it pasted -6.5 percent in October 2010 compared with the year ago level, according to the preliminary results of the monthly Producer Price Survey. Three out of nine major sectors reported two-digit price reductions namely: machinery except electrical (-21.7%) furniture and fixtures (-18.3%) and electrical machinery (-14.4%). However, increases in PPI were observed in eleven major sectors led by leather products (14.9%) and footwear and wearing apparel (10.7%). Refer to Tables 1 and 1-B.
On a month-on month basis, PPI fell by 0.5 percent in October. Nine major sectors registered decreases led by electrical machinery (-2.2%). Refer to Tables 1 and 1-B.
· Response Rate
The response rate for October 2010 is 88.8 percent, which corresponds to the retrieval of 285 sample establishments reports. Refer to Table 2.
Response Rates for Total Manufacturing
(In percent)
|
October 2010 |
September 2010 |
|
88.8 |
94.7r |
· Technical Notes
The National Statistics Office generates various price indices, one of this is the Producer Price Index. (PPI). The PPI is generated through the results of the Producers Price Survey (PPS) conducted nationwide. The survey gathers monthly actual producer prices of selected products included in the market basket.
PPI utilizes the Paasche-type method of index computation with weights computed from the production concentration ratio of the Census of Philippine Business and Industry (CPBI)/ Annual Survey of Philippine Business and Industry (ASPBI). The weights are updated as soon as new results of the ASPBI/CPBI are available and applied at the beginning of each survey year.
Hence, the weights of the major sectors and sub-sectors for the 2009 PPI were computed from the results of the 2006 CPBI for Manufacturing Establishments of total employment of 20 and over, which is the latest census results.
Moreover, for industry classification, the 2010 PPI utilizes the amended 1994 Philippine Standard Industry Classification. There are 20 major sectors covered by the 2010 PPS with three consisting of subsectors.
Non-responding sample establishments are estimated using cold-deck imputation method. Revisions to the preliminary estimates are done upon receipt of actual reports from late respondents.
|
|
(Sgd.) CARMELITA N. ERICTA |
TABLE 1-A. PRODUCER PRICE INDEX, SEPTEMBER 2010 - OCTOBER 2010
(2000=100)
|
Gainers |
Year-on-Year Growth (percent) |
|
|
October 2010 |
September 2010 |
|
|
|
||
|
Petroleum Products |
7.6 |
3.1 |
|
Footwear and Wearing Apparel |
10.7 |
10.4 |
|
Food Manufacturing |
1.1 |
1.2 |
|
Fabricated Metal Products |
5.6 |
3.5 |
|
Leather Products |
14.9 |
14.9 |
|
Tobacco Products |
3.3 |
3.3 |
|
Rubber and Plastic Products* |
2.1 |
3.8 |
|
Beverages |
1.0 |
1.1 |
|
Publishing and Printing |
3.4 |
3.4 |
|
Transport Equipment |
0.1 |
-0.3 |
|
Wood and Wood Products |
0.0 |
0.0 |
|
|
||
|
Losers |
Year-on-Year Growth (percent) |
|
|
October 2010 |
September 2010 |
|
|
|
||
|
Electrical Machinery |
-14.4 |
-14.9 |
|
Machinery Except Electrical |
-21.7 |
-24.0 |
|
Basic Metals |
-4.8 |
-4.5 |
|
Furniture and Fixtures |
-18.3 |
-12.2 |
|
Miscellaneous Manufactures |
-5.9 |
-3.9 |
|
Chemical Products |
-1.5 |
-0.8 |
|
Paper and Paper Products |
-2.7 |
-2.8 |
|
Non-Metallic Mineral Products |
-1.3 |
0.4 |
|
Textiles |
-0.2 |
-0.6 |
TABLE 1-B. PRODUCER PRICE INDEX, SEPTEMBER 2010 - OCTOBER 2010
(2000=100)
|
Gainers |
Month-on-Month Growth (percent) |
|
|
October 2010 |
September 2010 |
|
|
|
||
|
Petroleum Products |
3.2 |
2.9 |
|
Food Manufacturing |
0.6 |
-0.8 |
|
Fabricated Metal Products |
0.7 |
1.2 |
|
Footwear and Wearing Apparel |
0.3 |
0.0 |
|
Textiles |
0.6 |
0.4 |
|
Paper and Paper Products |
0.2 |
-4.2 |
|
Leather Products |
0.0 |
1.4 |
|
Beverages |
0.0 |
0.0 |
|
Tobacco Products |
0.0 |
0.0 |
|
Publishing and Printing |
0.0 |
0.0 |
|
Wood and Wood Products |
0.0 |
0.0 |
|
|
||
|
Losers |
Month-on-Month Growth (percent) |
|
|
October 2010 |
September 2010 |
|
|
|
||
|
Electrical Machinery |
-2.2 |
-1.4 |
|
Machinery Except Electrical |
-1.1 |
-1.7 |
|
Transport Equipment |
-0.8 |
0.6 |
|
Basic Metals |
-0.6 |
0.5 |
|
Miscellaneous Manufactures |
-1.5 |
-3.6 |
|
Non-Metallic Mineral Products |
-1.0 |
1.0 |
|
Furniture and Fixtures |
-1.5 |
1.6 |
|
Rubber and Plastic Products* |
-0.1 |
-0.2 |
|
Chemical Products |
-0.1 |
-0.2 |
Note:
* - new sector in the 2000-based series
Sectors are ranked according to their contribution to the overall 2000-based 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
