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Second Quarter 2005
Gross National Product & Gross Domestic Product

Sources of Revision
as of August 2005

Expenditure Accounts

Q1 2005 Growth Rates
Expenditure Accounts
2004-2005 Reasons for revisions
As of May 2005
As of August 2005
Change
1. Personal Consumption Expenditure
 
 
 
 
Current
 
 
 
Availability of more updated data on sales, production stocks and Foreign trade.
Q1
13.3
13.3
0.0
Constant
 
 
 
Q1
5.0
5.0
0.0
 
 
 
 
 
2. Government Consumption Expenditure
 
 
 
 
Current
 
 
 
Revise Q1 2005 Cash Disbursement of PS and OE from DBM.
Q1
5.8
6.9
1.1
Constant
 
 
 
Q1
-0.9
0.6
1.5
 
 
 
 
 
3. Capital Formation
 
 
 
 
Current
 
 
 
 
Q1
2.3
-2.3
-4.6
 
Constant
 
 
 
 
Q1
-4.1
-7.4
-3.3
 
 
 
 
 
 
A. Fixed Capital
 
 
 
 
Current
 
 
 
 
Q1
5.3
2.0
-3.3
 
Constant
 
 
 
 
Q1
-2.4
-4.4
-2.0
 
 
 
 
 
 
1. Construction
 
 
 

Availability of the updated Q1 2005 QSPBI from NSO.

Availability of the Q1 Statement of Financial Operations of the 14 MNFGCs from DOF

Revised:
Q1 WPI for Construction Materials from NSO

Q1 Actual Cash Disbursement for Capital Outlays from DBM.

Updated Q1 PSP Program from BOT Center
Updated Q1 Building permits from NSO.

Current
 
 
 
Q1
14.0
11.4
-2.6
Constant
 
 
 
Q1
5.6
3.3
-2.3
 
 
 
 
 
 
 
 
 
2. Durable Equipment
 
 
 
 
current
 
 
 

Availability of March FTS data.

Updates on Manufacturing Sector Estimates.

Q1
-2.5
-7.3
-4.8
constant
 
 
 
Q1
-7.5
-9.7
-2.2
 
 
 
 
 
3. Breeding Stocks & Orchard Dev't
 
 
 
 
current
 
 
 

Revision of data on Price from BAS.

Corrections of Q1 Agriculture estimates.

Q1
6.7
10.3
3.6
constant
 
 
 
Q1
-0.4
0.3
0.7
 
 
 
 
 
B. Change in Stocks
 
 
 
 
current
 
 
 
Updated/revised data from FTS (imports/exports), MISSI, QSPBI & DOF.
Q1
11,482
8,336
-3146
constant
 
 
 
Q1
3,819
2,890
-929
 
 
 
 
 
4. Exports
 
 
 
 
current
 
 
 
 
Q1
5.3
5.8
0.5
 
constant
 
 
 
 
Q1
3.1
3.4
0.3
 
 
 
 
 
 
A. Total Mdse Exports
 
 
 
 
current
 
 
 
Revised March 2005 data & updated 93104 Imports
Q1
4.7
4.7
0.0
constant
 
 
 
Q1
3.2
3.1
-0.1
 
 
 
 
 
B. Non-Factor Services
 
 
 
 
current
 
 
 

Revised BOP data for Q1 2005.

Availability of January 2005 data for Travel.

Q1
10.5
14.5
4.0
constant
 
 
 
Q1
2.7
5.2
2.5
 
 
 
 
 
5. Imports
 
 
 
 
current
 
 
 
 
Q1
-2.1
-3.2
-1.1
 
constant
 
 
 
 
Q1
-4.0
-3.5
0.5
 
 
 
 
 
 
A. Total Mdse Imports
 
 
 
 
current
 
 
 
 
Q1
-2.8
-3.8
-1.0
 
constant
 
 
 
 
Q1
-4.7
-4.0
0.7
 
 
 
 
 
 
B. Non-Factor Services
 
 
 
 
current
 
 
 
Revised BOP data for Q1 2005.
Q1
7.4
5.2
-2.2
constant
 
 
 
Q1
8.0
6.0
-2.0
 
 
 
 
 
6. NFIA
 
 
 
 
current
 
 
 
Revised BOP data & POEA data for Q1 2005.
Q1
14.9
15.9
1.0
constant
 
 
 
Q1
6.7
7.6
0.9
 
 
 
 
 

 

Production Accounts

Q1 2005
Growth Rates
Production Accounts
2004-2005
Reasons for revisions
As of May 2005
As of August 2005
Change
1. Agriculture, Fishery, Forestry        
current
      Updated BAS, FMB data.
Q1
7.1 7.5 0.4
constant
     
Q1
-0.2 -0.1 0.1
         
2. Industry        
current
       
Q1
13.7 11.4 -2.3  
constant
       
Q1
4.2 4.2 0.0  
         
a. Mining and Quarrying        
current
     

Availability of updated data Q1 2005 QSPBI from NSO.

Revised MGB, DOE data

Revised Coal price

Q1
14.0 10.7 -3.3
 constant
     
Q1
-4.4 -3.8 0.6
       
         
b. Manufacturing        
current
      Updated MISSI, DOE AND PHILCEMCOR data
Q1
11.3 8.8 -2.5
constant
     
Q1
4.2 4.9 0.7
         
c. Construction        
current
     

Availability of the updated Q1 2005 QSPBI from NSO.

Availability of the Q1 Statement of Financial Operations of the 14 MNFGCs from DOF

Revised:
Q1 WPI for Construction Materials from NSO

Q1 Actual Cash Disbursement for Capital Outlays from DBM.

Updated Q1 PSP Program from BOT Center

Updated Q1 Building permits from NSO.

Q1
14.1 11.5 -2.6
constant
     
Q1
7.9 5.9 -2.0
 
     
         
d. Electricity, Gas, Water        
current
      Availability of the updated - Q1 2005 (90 days ) QSPBI from NSO, MWSI data, complete list/data from NPC.
Q1
29.3 29.3 0.0
constant
     
Q1
5.6 2.1 -3.5
         
3. Services        
current
       
Q1
12.5 12.6 0.1  
constant
       
Q1
6.9 7.1 0.2  
         
a. Transport., Comm., Storage        
current
      Updated Q1 2005 QSPBI, F/S of First Phil. Holdings on NLEX operation.
Q1
14.9 15.3 0.4
constant
     
Q1
9.6 10.7 1.1
         
b. Trade        
current
      Availability of the updated - Q1 2005 QSPBI, February & March 2005 General WPI.
Q1
14.4 14.1 -0.3
constant
     
Q1
6.0 5.7 -0.3
         
c. Finance        
current
      Update 90 days QSPBI.
Q1
20.4 21.7 1.3
constant
     
Q1
11.1 12.3 1.2
         
d. O. Dwellings & R. Estate        
current
      Availability of the updated - Q1 2005 (90 days ) QSPBI & additional FS from source companies.
Q1
10.7 10.5 -0.2
constant
     
Q1
6.8 6.6 -0.2
         
e. Private Services        
current
      Updated Q1 2005 QSPBI.
Q1
9.6 9.8 0.2
constant
     
Q1
4.6 4.6 0.0
         
f. Government Services        
current
      Revise Q1 2005 Cash Disbursement of PS and OE from DBM.
Q1
8.8 8.8 0.0
constant
     
Q1
4.3 4.2 -0.1
         
GROSS DOMESTIC PRODUCT        
current
       
Q1
12.1 11.4 -0.7  
constant
       
Q1
4.6 4.6 0.0  
         
GROSS NATIONAL PRODUCT        
current
       
Q1
12.2 11.7 -0.5  
constant
       
Q1
4.7 4.8 0.1  

 

 

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2nd Quarter 2005
Main Page
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by Expenditure Share
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Details of Factor Flows
Seasonally Adjusted Series
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