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3rd Quarter 2006
Gross National Product & Gross Domestic Product

Sources of Revision
as of November 2006

Expenditure Accounts

Q2 2005 - 2006        
Growth Rates      
Expenditure Accounts As of August 2006 As of Nov. 2006 Change Reasons for revisions
1. Personal Consumption Expenditure        
         
Current        
Q2 12.6 12.7
0.1
 
Constant        
Q2 5.2 5.4 0.2 Updated data on retail trade, transportation, communication & miscellaneous expenditures.
         
2. Government Consumption Expenditure        
         
Current    
 
 
Q2 6.4 8.1 1.7  
Constant       COA Cash Disbursement 2Q 2006 for Personal services & MOOE
Q2 0.4 2.3 1.9  
         
3. Capital Formation        
         
Current        
Q2 -0.8 6.0 6.8  
Constant        
Q2 -5.8 1.4 7.2  
         
A. Fixed Capital        
         
Current        
Q2 0.2 4.9 4.7  
Constant        
Q2 -5.4 -0.3 5.1  
         
1. Construction        
         
Current        
Q2 0.2 9.5
9.3
 
Constant        
Q2 -5.2 3.5 8.7 Updated: DBM Actual Disbursement, BOT, Bldg.Permit 90 days from NSO, QSPBI (NSO), WPI (NSO)
         
2. Durable Equipment        
         
current    
 
 
Q2 -2.2 -2.5 -0.3  
constant       Updated June 2006 FTS data; revisions in Q2 2006 manufacturing sector
Q2 -6.2 -4.1 2.1  
         
3. Breeding Stocks & Orchard Dev't        
         
current        
Q2 16.0 16.5
0.5
 
constant        
Q2 -1.7 -1.4 0.3 Updated data from BAS & FMB.
         
B. Change in Stocks        
         
current        
Q2 -11,508 -7,437
4071
 
constant        
Q2 -3,015 -2,020 995 Updated MISSI for Q2 2006; 90 days QSPBI, updated 2006 imports; June 2006 inventory of crude & petroleum (DOE).
         
4. Exports        
         
current        
Q2 16.7 15.9 -0.8  
constant        
Q2 22.3 20.4 -1.9  
         
A. Total Mdse Exports        
         
current        
Q2 15.2 15.1
-0.1
 
constant        
Q2 21.8 21.7 -0.1 Updated FTS data
         
B. Non-Factor Services        
         
current        
Q2 27.7 21.4
-6.3
 
constant        
Q2 25.2 13.4 -11.8 Updated BOP data.
         
5. Imports        
         
current        
Q2 6.0 6.2 0.2  
constant        
Q2 4.0 4.0 0.0  
         
A. Total Mdse Imports        
         
current    
 
 
Q2 6.6 6.5 -0.1  
constant       Updated June 2006 FTS
Q2 4.3 4.1 -0.2  
         
B. Non-Factor Services        
         
current        
Q2 -3.9 1.4
5.3
 
constant       Updated BOP data.
Q2 -2.2 3.1 5.3  
         
6. NFIA        
         
current        
Q2 26.2 23.6
-2.6
 
constant       Updated BOP & POEA deployment data.
Q2 18.3 16.2 -2.1  
         

Production Accounts

Q2 2005 - 2006        
Growth Rates      
Production Accounts As of Aug. 2006 As of Nov. 2006 Change Reasons for revisions
1. Agriculture, Fishery, Forestry        
         
current        
Q2 12.2 12.3
0.1
 
constant       Updated data from BAS & FMB
Q2 6.7 7.0 0.3  
         
2. Industry        
         
current        
Q2 10.5 11.2 0.7  
constant        
Q2 4.5 5.6 1.1  
         
a. Mining and Quarrying        
         
current        
Q2 33.4 33.1
-0.3
 
constant       Updated production report from MGB & DOE; availability of 90 days QSPBI
Q2 3.5 3.3 -0.2  
         
b. Manufacturing        
         
current        
Q2 11.8 10.4
-1.4
 
constant       Updated MISSI, DOE & Ce Map data
Q2 6.5 5.9 -0.6  
         
c. Construction        
         
current        
Q2 0.6 10.0
9.4
 
constant       Updated: DBM Actual Disbursement, BOT, Bldg.Permit 90 days from NSO, QSPBI (NSO), WPI (NSO)
Q2 -3.8 5.2 9.0  
         
d. Electricity, Gas, Water        
         
current        
Q2 9.5 10.4
0.9
 
constant       QSPBI updates 90 days Q2 2006
Q2 3.4 4.9 1.5  
         
3. Services        
         
current        
Q2 10.6 10.4 -0.2  
constant        
Q2 5.7 5.6 -0.1  
         
a. Transport., Comm., Storage        
         
current        
Q2 3.9 5.3
1.4
 
constant       Updated QSPBI
Q2 4.1 5.3 1.2  
         
b. Trade        
         
current        
Q2 13.1 12.5
-0.6
 
constant       Updated QSPBI
Q2 5.2 5.0 -0.2 Availability of April & May WPI
         
c. Finance        
         
current        
Q2 17.6 17.6
0.0
 
constant       Updated QSPBI
Q2 10.0 10.0 0.0  
         
d. O. Dwellings & R. Estate        
         
current        
Q2 9.8 9.4
-0.4
 
constant       QSPBI updates 90 days Q2 2006
Q2 5.8 5.3 -0.5  
         
e. Private Services        
         
current        
Q2 10.8 10.0
-0.8
 
constant       90 day QSPBI 2Q 2006
Q2 6.0 5.0 -1.0  
         
f. Government Services        
         
current        
Q2 8.8 8.6
-0.2
 
constant       COA Cash Disbursement 2Q 2006 for Personal services & MOOE
Q2 4.4 4.0 -0.4 Reclassification of 2Q 2006
         
GROSS DOMESTIC PRODUCT        
         
current        
Q2 10.8 10.9 0.1  
constant        
Q2 5.5 5.8 0.3  
         
GROSS NATIONAL PRODUCT        
         
current        
Q2 12.0 11.9 -0.1  
constant        
Q2 6.6 6.7 0.1  
         

 

 

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by Expenditure Share
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