3rd Quarter 2018

Gross National Income & Gross Domestic Product

Gross Value Added in Manufacturing

Manufacturing expands at a slower pace

Manufacturing remained as one of the main drivers of the economy as it expanded by 4.0 percent growth in the third quarter of 2018. This was, however, a slowdown from the 10.1 percent growth posted in the previous year.

Radio, Television and Communication Equipment and Apparatus remained the top contributor to growth, which grew by 7.3 percent. Other contributors to the growth were Petroleum and Other Fuel Products, 33.1 percent; Non-metallic Mineral Products, 29.7 percent; Food Manufactures, 2.6 percent; and Beverage Industries, 4.5 percent.

On the other hand, the following industries pulled down the industry’s growth: Chemical & Chemical Products, 4.6 percent; Basic Metal Industries, 3.3 percent; Tobacco Manufactures, 21.4 percent; Wearing Apparel, 3.2 percent; and Publishing and Printing, 8.8 percent.


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