Total Gross Revenue Index of Industries grew by 9.4% in Q4 2016

Reference No.:
2017-041
Released Date:
Thursday, April 20, 2017
Total Gross Revenue Index grew by 9.4 percent in the fourth quarter of 2016. This was higher than the 5.9 percent growth in the same quarter of the previous year. This performance was led by Real Estate, Manufacturing, and Trade.
 
Real Estate posted the fastest growth across industries with 13.4 percent. This was followed by Manufacturing with 10.6 percent, Trade with 9.2 percent, Finance with 8.9 percent, Transportation and Communication with 8.8 percent, and Private Services with 6.6 percent.
 
Total Employment Index slowed down at 1.9 percent growth. Industries that pulled up the index were Transportation and Communication with 6.4 percent, followed by Real Estate with 4.0 percent, Finance with 3.3 percent, Private Services with 2.6 percent, Trade with 2.4 percent, Electricity and Water with 1.3 percent, and Manufacturing with 1.1 percent. On the other hand, Mining and Quarrying contracted by 3.7 percent.
 
Total Compensation Index accelerated by 6.5 percent. Industries contributing to the growth were Manufacturing with 10.7 percent and both Private Services and Real Estate with 8.2 percent. Meanwhile, Transportation and Communication dropped by 4.3 percent.
 
Total Compensation per Employee Index posted a growth of 4.5 percent, faster than the 2.7 percent growth of the previous year. The acceleration was attributed to the uptrend of Manufacturing with 9.4 percent and Private Services and Mining and Quarrying both with 5.5 percent. However, Transportation and Communication and Finance receded by 10.0 percent and 2.0 percent, respectively.
 
This report is based on the April 2017 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.
 
 
 
LISA GRACE S. BERSALES
National Statistician and Civil Registrar General