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Release Date :
Reference Number :
2020 - 275

Gross Revenue Index declined by -26.8 percent in the second quarterFigure 1 of 2020 as compared with the 6.2 percent growth in the same period of the previous year. Among the industries, Transportation, Storage and Communication recorded the largest decline of -44.7 percent. This was followed by declines in Other Services -40.0 percent; Real Estate, -35.8 percent; and Manufacturing, -35.3 percent.

Total Employment Index also recorded a -15.1 percent decline during the period. Construction registered the largest drop with -29.6 percent. This was followed by Other Services and Transportation, Storage and Communication, both with -18.8 percent decline; and Manufacturing with -15.2 percent drop during the period.

Total Compensation Index likewise declined by -14.4 percent. Transportation, Storage and Communication had the biggest decline with -31.1 percent. Other industries contributing to the decline were: Construction, -26.8 percent; Manufacturing, -20.5 percent; Mining and Quarrying and Other Services both with -14.3 percent decline.

Meanwhile, Compensation per Employee Index at current prices grew by 0.9 percent, while Compensation per Employee Index at constant prices declined by -1.3 percent during the period.

This report is based on the September 2020 issue of the Quarterly Economic Indices (QEI) of the Philippines. For the technical notes, please refer to http://psa.gov.ph/qei-press-releases/technotes.

 
 
 
 
DENNIS S. MAPA, Ph.D.
Undersecretary
National Statistician and Civil Registrar General
 
 
 
 
See more at the QEI main page.
 

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