NSCB - Press Statement - Total Gross Revenue Index of Industries Up by 12.7 percent in Q4 2010

Total Gross Revenue Index of Industries Up by 12.7 percent in Q4 2010
(PR-201104-ES1-02, Posted 02 May 2011)

Total Gross Revenue Index of industries went up by 12.7 percent in the fourth quarter of 2010, from a level of 8.0 percent growth in the previous year. Real Estate registered the highest growth at 24.1 percent due to increased revenues from real estate projects, renting and leasing operations. This was followed by Trade, which grew by 13.9 percent and Finance, up by 12.7 percent.

Meanwhile, Total Employment Index recovered to a positive growth of 2.3 percent from a decline of 3.2 percent a year ago. Real Estate recorded the highest growth with 5.3 percent. All other sectors recorded positive growths except for Mining & Quarrying, Private Services, and Transportation and Communication, which declined by 7.6 percent, 1.2 percent and 0.6 percent, respectively.

Total Compensation Index expanded to a growth of 5.0 percent from last year’s growth of 2.1 percent. Real Estate posted a double-digit growth of 26.2 percent followed by Electricity and Water with 8.5 percent and Manufacturing with 7.6 percent. All other sectors likewise registered positive growths except for Transportation and Communication, which declined by 3.7 percent during the quarter.

Total Compensation Per Employee Index, decelerated to 2.6 percent in the fourth quarter of 2010 from 5.4 percent last year. Real Estate registered the highest growth at 19.9 percent, followed by Private Services at 8.8 percent and Mining & Quarrying at 8.7 percent. Except for Transportation and Communication, which declined by 3.2 percent, all other sectors posted positive growths for the fourth quarter of 2010.

This report is based on the April 2011 issue of the Quarterly Economic Indices (QEI) of the Philippines.

LINA V. CASTRO
Officer-in-Charge
Office of the Secretary General

Contact Persons:

Ms. Maria Fe M. Talento/ Ms. Magnolia C. San Diego/Mr. Leo Allan C. Halcon
Telefax No.: (632) 896-5372
E-mail: mfm.talento@nscb.gov.ph; mo.coronel@nscb.gov.ph; lac.halcon@nscb.gov.ph

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