|
Table A Year-on-Year and Month-on-Month Growth Rates of Producer Price Index
for Total Manufacturing
April 2020, March 2020 and April 2019
|
|||
|---|---|---|---|
|
Category |
April
2020
|
March
2020
|
April
2019
|
|
Producer Price Index (2000=100) |
131.6 |
132.4 r |
137.0 |
|
Year-on-Year Growth (%) |
-3.9 |
-5.1 r |
2.5 |
|
Month-on-Month Growth (%) |
-0.6 |
-0.03 r |
-1.9 |
Year-on-Year
The Producer Price Index (PPI, 2000=100) for manufacturing remained at downtrend with an annual rate of -3.9 percent in April 2020. In the previous month, it dropped at a faster rate of 5.1 percent. On the contrary, the PPI in April 2019 increased at an annual rate of 2.5 percent.
The decline in PPI in April 2020 can be attributed to the contractions in the indices of 15 industry groups, four of which posted double-digit annual decrements as follows:
• petroleum products (-20.4%),
• leather products (-15.6%),
• fabricated metal products (-11.6%), and
• footwear and wearing apparel (-10.9%).
On the other hand, furniture and fixtures, which rose by 20.0 percent, led the five industry groups that posted annual increments. Refer to Tables 1 and A-1.
Month-on-Month
On a month-on-month movement, the PPI slightly decreased at a monthly rate of 0.6 percent in April 2020, following a slower drop of 0.03 percent in March 2020. In April last year, PPI posted a sharper decline at a monthly rate of 1.9 percent.
Eleven industry groups posted negative monthly growth rates in April 2020 with petroleum products posting the highest monthly decrement of 11.4 percent. Furthermore, PPI for five industry groups posted monthly increments while the rest had zero monthly growth rates. (Tables 1 and A-2)
|
INDUSTRY GROUP |
||
| April 2020 |
March 2020
|
|
|
Tobacco Products |
4.8 |
4.8r |
|
Furniture & Fixtures |
20.0 |
20.4r |
|
Beverages |
1.9 |
2.9r |
|
Food Manufacturing |
0.3 |
-0.1r |
|
Printing |
1.8 |
1.8 |
|
Petroleum Products |
-20.4 |
-10.2r |
|
Transport Equipment |
-4.2 |
-12.0r |
|
Electrical Machinery |
-2.9 |
-4.2r |
|
Basic Metals |
-6.2 |
-6.9r |
|
Chemical Products |
-4.7 |
-5.0r |
|
Fabricated Metal Products |
-11.6 |
-12.0r |
|
Footwear & Wearing Apparel |
-10.9 |
-10.4r |
|
Machinery Except Electrical |
-2.1 |
-2.5r |
|
Paper & Paper Products |
-5.5 |
-5.2r |
|
Non-Metallic Mineral Products |
-2.0 |
-3.4r |
|
Rubber & Plastic Products |
-2.0 |
-2.3r |
|
Wood & Wood Products |
-7.6 |
-12.1r |
|
Leather Products |
-15.6 |
-14.5r |
|
Miscellaneous Manufactures |
-0.8 |
-1.6r |
|
Textiles |
-0.6 |
-6.8r |
|
MAJOR INDUSTRY GROUP |
||
| April 2020 |
March 2020
|
|
|
Food Manufacturing |
0.2 |
0.2r |
|
Transport Equipment |
0.3 |
0.2r |
|
Non-Metallic Mineral Products |
0.4 |
-0.2r |
|
Machinery Except Electrical |
0.1 |
b/r |
|
Fabricated Metal Products |
0.2 |
b/r |
|
Leather Products |
0.0 |
0.0r |
| Tobacco Products |
0.0 |
a/r |
|
Printing |
0.0 |
0.0 |
|
Textiles |
0.0 |
-1.0r |
|
Petroleum Products |
-11.4 |
-5.6r |
|
Electrical Machinery |
-1.0 |
0.7r |
|
Basic Metals |
-0.9 |
-0.8r |
|
Chemical Products |
-0.4 |
0.7r |
|
Paper & Paper Products |
-0.7 |
-0.9r |
|
Beverages |
-0.1 |
0.1r |
|
Rubber & Plastic Products |
-0.2 |
-0.2r |
|
Furniture & Fixtures |
-0.5 |
0.1r |
|
Wood & Wood Products |
-0.2 |
-0.2r |
|
Footwear & Wearing Apparel |
-0.1 |
b/r |
|
Miscellaneous Manufactures |
b/ |
0.2r |
CLAIRE DENNIS S. MAPA, Ph.D.
Undersecretary
National Statistician and Civil Registrar General
- Introduction
- Method of Index Computation
Note:
Starting with January 2017 PPI, a link factor has been used to adjust weight effects to measure the correct price change.
- 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.
- Imputation and Revision
Imputation is done for sample establishments that are in operation during the reference period but no received response during the release date. Results are revised accordingly when the actual data are received and these revisions are reflected in the next release.
- Industry Coverage
Starting with the 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 major industry groupings of the 2020 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 |
|
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 |
* - Industry groups categorized into industry classes
See more at the Producer Price Survey (PPS) main page.
