The Market Monitor Minding the Nation's Business
The producer price index (PPI) for the manufacturing sector saw a quicker annual decline of 0.4 percent in May 2025, accelerating from just a 0.001 percent dip recorded in April.
“The faster decline in the annual rate of PPI for the manufacturing section in May 2025 was primarily due to the faster decrement in the annual growth rate of the PPI for manufacture of computer, electronic and optical products industry division at 2.1 percent in May 2025 from 1.3 percent annual decrease in April 2025,” said the Philippine Statistics Authority in a statement last week.
Also contributing to the steeper drop were lower prices in the manufacture of transport equipment, which fell by 0.8 percent in May following a 0.5 percent increase the previous month.
The manufacture of basic metals also saw a sharper decrease at 1.3 percent, compared to a 0.7 percent decline in April.
The PPI is compiled through the nationwide Producer Price Survey (PPS), which gathers monthly price data from sample manufacturing establishments.
It tracks changes in factory-gate prices of locally manufactured goods sold to wholesalers and domestic consumers, relative to a designated base period.