Gross Revenue Index expanded by 6.5 percent in Q2 2019, slower than the 9.6 percent growth posted in the same period of 2018. Finance posted the fastest growth, with 12.6 percent, followed by Trade with 12.5 percent.
Total Employment Index grew by 1.9 percent. Industries that contributed to the growth in employment were: Manufacturing, with 5.4 percent; Real Estate, with 5.0 percent; Transportation, Storage and Communication, with 4.4 percent; Mining and Quarrying, with 4.1 percent; Trade, with 2.2 percent; Electricity, Gas and Water Supply, with 1.3 percent; and Finance, with 0.7 percent. On the other hand, employment index in Other Services and Construction declined by 0.1 percent and 2.0 percent, respectively.
Total Compensation Index grew by 4.7 percent. Electricity, Gas and Water Supply recorded the fastest growth with 10.9 percent. Industries that pushed the growth up were: Mining and Quarrying, with 8.1 percent; Manufacturing, with 7.1 percent; Trade, with 5.8 percent; Transportation, Storage and Communication, with 4.8 percent; Real Estate, with 4.4 percent; Other Services, with 3.8 percent; and Finance, with 1.9 percent. Meanwhile, Construction posted a decline of 0.1 percent during the period.
Compensation per Employee Index grew by 2.7 percent. The growth was attributed to the uptrend in Electricity, Gas and Water Supply with 9.5 percent; Other Services and Mining and Quarrying, with 3.9 percent; Trade, with 3.5 percent; Construction, with 1.8 percent; Manufacturing, with 1.6 percent; Finance, with 1.2 percent; and Transportation, Storage and Communication, with 0.4 percent. Real Estate, however, declined by 0.6 percent.
At constant prices, Total Compensation per Employee Index declined by 0.2 percent during the period. This report is based on the September 2019 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.