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Release Date :
Reference Number :
2016-110
 
Total Gross Revenue Index grew by 6.9 percent in the first quarter of 2016 from the 7.4 percent last year. This performance was led by Real Estate, Transportation and Communication, and Trade.
 
Real Estate posted the fastest growth of 13.2 percent albeit slower than the 13.7 percent recorded last year followed by Transportation and Communication at 9.4 percent from 12.3 percent. All other industries also posted positive growth: Trade accelerated to 8.8 percent from 6.1 percent, Finance registered a growth of 6.1 percent from 3.9 percent, Manufacturing at 2.0 percent from 10.1 percent, and Private Services at 0.5 percent, from 7.4 percent.
 
Total Employment Index slightly declined by 0.04 percent from last year’s 3.8 percent. Among the industries, Mining and Quarrying and Manufacturing both declined by 6.3 percent and 0.9 percent from a growth 3.3 percent and 3.7 percent, respectively. All other industries posted positive growth: Real Estate slowed down to 8.1 percent from 15.3 percent, Transportation and Communication turned around to a growth of 1.9 percent from a contraction of 0.4 percent, Finance decelerated by 1.8 percent from 7.9 percent, Electricity and Water turned around to 1.3 percent growth from a contraction of 0.3 percent, Trade accelerated by 1.1 percent from 0.1 percent, and Private Services slowed down to 1.1 percent from 8.0 percent of the same quarter last year.
 
Meanwhile, Total Compensation Index decelerated with 4.5 percent growth as compared to the 6.0 percent expansion in the previous year. Electricity and Water posted the fastest growth with 16.3 percent (from 1.4 percent), followed by Real Estate which decelerated by 10.4 percent (from 20.1 percent).  On the other hand, Mining and Quarrying dipped further by 15.4 percent from a 2.0 percent contraction and Manufacturing declined by 3.4 percent from an expansion of 11.2 percent.
 
Total Compensation per Employee Index accelerated by 4.6 percent from 2.1 percent a year ago. Industries that grew faster were Electricity and Water (14.8 percent from 1.7 percent), Private Services (8.0 percent from negative 0.6 percent), and Trade (3.3 percent from 0.2 percent). Meanwhile, industries that decelerated were Transportation and Communication (0.7 percent from 1.1 percent), Real Estate (2.2 percent from 4.1 percent), and Finance (4.7 percent from 10.2 percent). On the other hand, Mining and Quarrying and Manufacturing declined as compared to the same period last year.
 
 
This report is based on the July 2016 issue of the Quarterly Economic Indices (QEI) of the Philippines.
 
 
 
FOR THE NATIONAL STATISTICIAN:
 
 
 
JOSIE B. PEREZ
(Deputy National Statistician)
Officer-in-Charge
 
 
 
 
 

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