3rd Quarter 2017

Gross National Income & Gross Domestic Product

Gross Domestic Capital Formation

Private Construction weighs down total Construction Investments
 
Investments in Construction grew by 2.8 percent in the third quarter 2017, slower compared with the 18.8 percent growth in the previous year. Private Construction, which accounted for 79.9 percent of total construction investments, grew by 0.6 percent, sluggish compared with the 18.5 percent growth in the same period in 2016. Meanwhile, Public Construction grew by 12.6 percent, slower compared with the 20.0 percent growth in 2016.
 
Investments in Durable Equipment relaxes
 
Investments in capital formation for Durable Equipment grew by 8.3 percent in the third quarter of 2017. Increased investments were registered in sixteen (16) out of twenty (20) types of fixed asset investments.
 
The following subsectors contributed to the increase in investments: Road vehicles, 7.9 percent; Office machines & data processing, 38.3 percent; Mining, construction machineries, 59.1 percent; Telecommunications & sound recording/reproducing equipment, 23.5 percent; and Other miscellaneous durable equipment, 11.2 percent. 
 
Meanwhile, the following subsectors contracted:  Water transport, negative 47.3 percent; Other special industrial machineries, negative 14.6 percent; and Railway transport, negative 94.2 percent.
 
Investments in Breeding Stocks and Orchard Development (BSOD) accelerates 
 
Capital formation for Breeding Stocks and Orchard Development accelerated to 3.5 percent during the third quarter of 2017 compared with the 3.1 percent growth in the previous year.
 
Intellectual Property Products (IPP) increases
 
Intellectual Property Products increased by 29.2 percent in the third quarter of 2017 compared with 28.7 percent recorded during the same period last year. The growth can be attributed to the increased investment in Entertainment, Literary or Artistic Originals.
 
Changes in Inventories records withdrawals
 
Changes in Inventories recorded a total of Php 16.4 billion withdrawals in the third quarter of 2017 as compared with the Php 12.9 billion withdrawals in 2016. The agriculture and establishment sub-sectors posted withdrawals in their inventories.
 
 

GROSS DOMESTIC CAPITAL FORMATION BY TYPE
3rd Quarter 2016 and 3rd Quarter 2017
At Current Prices, in Million Pesos

TYPE OF EXPENDITURE Q3 2016 Q3 2017 Growth Rate (%)
Capital Formation 848,385 927,204 9.3
 A. Fixed Capital 872,746 958,147 9.8
  1. Construction 447,364 476,727 6.6
  2. Durable Equipment 366,850 412,342 12.4
  3. Breeding Stock & Orchard Dev't 41,684 47,895 14.9
  4. Intellectual Property Products 16,847 21,183 25.7
 B. Changes in Inventories -24,361 -30,944  

 

GROSS DOMESTIC CAPITAL FORMATION BY TYPE
3rd Quarter 2016 and 3rd Quarter 2017
At Constant Prices, in Million Pesos

TYPE OF EXPENDITURE Q3 2016 Q3 2017 Growth Rate (%)
Capital Formation 542,322 578,168 6.6
 A. Fixed Capital 555,250 594,576 7.1
  1. Construction 199,071 204,575 2.8
  2. Durable Equipment 312,335 338,376 8.3
  3. Breeding Stock & Orchard Dev't 19,579 20,271 3.5
  4. Intellectual Property Products 24,265 31,354 29.2
 B. Changes in Inventories -12,918 -16,409  

 

 

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