2nd Quarter 2018

Gross National Income & Gross Domestic Product

Gross Domestic Capital Formation

Public Construction fuels Construction 
 
Investments in Construction grew by 12.9 percent in the second quarter of 2018, which was faster than the 4.7 percent growth recorded in the previous year. Private Construction, which accounted for 59.5 percent of total construction investments, grew by 7.9 percent. Meanwhile, Public Construction grew by 21.0 percent.
 
Investments in Durable Equipment surges
 
Investments in capital formation for Durable Equipment grew by 28.6 percent in the second quarter of 2018. Increased investments were registered in seventeen (17) out of twenty types of fixed asset investments.
 
The following subsectors posted faster growths, which contributed to the increase in investments: Road Vehicles, 28.9 percent; Telecommunication & Sound Recording/Reproducing Equipment, 43.6 percent; Mining and Construction Machineries, 53.3 percent; Water Transport, 191.4 percent; and Other Electrical Machinery and Apparatus, 28.3 percent.
 
Meanwhile, the following subsectors contracted:  Railway Transport, 25.8 percent; and Agricultural Machineries, 5.6 percent.
 
Investments in Breeding Stocks and Orchard Development (BSOD) weakens
 
Capital formation for BSOD for the second quarter of 2018 posted a 3.9 percent growth, which was slower than last year’s 4.6 percent growth.  
 
Intellectual Property Products (IPP) paces down
 
Investments for Intellectual Property Products grew by 28.5 percent in the second quarter of 2018, slower compared with the 62.4 percent recorded during the same period in 2017. 
 
Changes in Inventories records withdrawals
 
Changes in Inventories recorded a total of PhP 7.2 billion withdrawals in the second quarter of 2018 as compared with the PhP 3.7 billion withdrawals in 2017. 
 
 

ROSS DOMESTIC CAPITAL FORMATION BY TYPE
2nd Quarter 2017 and 2nd 
Quarter 2018
At Current Prices, in Million Pesos

TYPE OF EXPENDITURE Q2 2017 Q2 2018 Growth Rate (%)
Capital Formation 982,813 1,195,087 21.6
 A. Fixed Capital 991,462 1,215,833 22.6
  1. Construction 540,898 644,958 19.2
  2. Durable Equipment 976,987 485,654 28.8
  3. Breeding Stock & Orchard Dev't 51,037 58,031 13.7
  4. Intellectual Property Products 22,541 27,190 20.6
 B. Changes in Inventories -8,648 -20,746  

 

GROSS DOMESTIC CAPITAL FORMATION BY TYPE
2nd Quarter 2017 and 2nd Quarter 2018
At Constant Prices, in Million Pesos

TYPE OF EXPENDITURE Q2 2017 Q2 2018 Growth Rate (%)
Capital Formation 570,079 688,261 20.7
 A. Fixed Capital 573,781 695,414 21.2
  1. Construction 230,724 260,401 12.9
  2. Durable Equipment 295,920 380,560 28.6
  3. Breeding Stock & Orchard Dev't 24,905 25,879 3.9
  4. Intellectual Property Products 22,231 28,573 28.5
 B. Changes in Inventories -3,702 -7,153  

 

 

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