Investments in leading industries down in Q2 2006

The region’s investments in leading industries/sectors in the 2^nd quarter of 2006 reached P112.2 M, down by 74.8 percent from the same period of last year. Construction, which accounted for 74.1 percent of the P445.9 million investments in the 2nd quarter of 2005, contributed only P14.6 million in the 2^nd quarter of 2006. Tobacco industry was the biggest contributor among the leading industries in the 2^nd quarter of 2006 posting P25.4 million, an increase of 53.9 percent from the same quarter of last year. Other big contributors include trading/service, agri-products, food processing and construction.

Exports, meanwhile, was recorded at US$4.1 M during the 2^nd quarter of 2006, higher by 19.3 percent as compared to 1^st quarter of 2005. This was largely due to tobacco industry which raked in US$3.2 million. Other top performers in exports were food processing (US$338,000) and feldspar/pebbles (US$135,000).

Source of Data: Department of Trade and Industry, Regional Office 1