Release Date :
Reference Number :
201208ES103
Total Gross Revenue Index of industries accelerated by
Meanwhile, total employment index slightly slowed down to 3.0 percent in the first quarter of 2012 from 3.7 percent a year ago. Again, Real Estate grew by 8.1 percent, the highest growth recorded by the sector since Q4 2007. All other sectors recorded positive growths in Employment Index except for Trade which declined by 0.9 percent.
Total Compensation Index, which represents the salaries and wages paid out by industries in cash and in kind, rose by 8.8 percent from 5.1 percent last year. Private Services expanded to 14.8 percent from 6.4 percent the previous year; followed by Mining and Quarrying with 11.2 percent growth, Real Estate with 10.5 percent, and Manufacturing with 6.8 percent. On the other hand, Finance continued to decline by 15.1 percent, its third quarter of poor performance.
Total Compensation per Employee Index expanded from 1.4 percent last year to 5.7 percent. The growth was brought by the robust performances of Private Services and Mining and Quarrying which grew by 12.0 percent and 9.8 percent respectively. Expectedly, Finance posted a double-digit decline of 15.5 percent.
This report is based on the August 2012 issue of the Quarterly Economic Indices (QEI) of the Philippines.
LINA V. CASTRO
Officer-in-Charge
Office of the Secretary General
| Attachment | Size |
|---|---|
 Q1 2012 Quarterly Economic Indices (1st Qtr 2009 to 1st Qtr 2012) |
1.69 MB |