NSCB - Third Quarter 2007 National Accounts - Sources of Revision as of August 2007

Expenditure Accounts

Q2 2006 - 2007 Growth Rates	As of Aug. 2007	As of Nov. 2007	Change	Reasons for revisions
1. Personal Consumption Expenditure
Current				Availability of more updated data on retail trade, production and imports
Q2	8.7	8.6	-0.1
Constant
Q2	6.0	6.0	-0.1
2. Government Consumption Expenditure
Current				Actual DBM data on cash disbursements.
Q2	12.1	11.3	-0.8
Constant
Q2	13.5	12.4	-1.1
3. Capital Formation
Current
Q2	9.5	8.9	-0.6
Constant
Q2	8.2	6.8	-1.4
A. Fixed Capital
Current
Q2	12.0	12.0	0.0
Constant
Q2	10.0	10.1	0.0
1. Construction
Current				Updated Building Permits and QSPBI from NSO
Q2	24.4	24.2	-0.2
Constant
Q2	18.9	18.7	-0.2
2. Durable Equipment
current				Due to revisions in the manufacturing sector
Q2	-2.5	-2.6	-0.1
constant
Q2	1.6	1.5	-0.1
3. Breeding Stocks & Orchard Dev't
current				Due to updated BAS data
Q2	8.7	10.9	2.2
constant
Q2	5.2	7.4	2.3
B. Change in Stocks
current				Due to updated QSPBI, MISSI, SRA & DOE data
Q2	-13,491	-14,828	-1337
constant
Q2	-3,136	-3,876	-740
4. Exports
current
Q2	-4.5	-4.5	0.0
constant
Q2	4.2	4.2	0.0
A. Total Mdse Exports
current
Q2	-6.3	-6.3	0.0
constant
Q2	5.9	5.9	0.0
B. Non-Factor Services
current				Due to updated BOP data
Q2	6.8	6.6	-0.2
constant
Q2	-4.6	-4.8	-0.2
5. Imports
current
Q2	-9.6	-9.5	0.0
constant
Q2	-11.2	-11.2	0.1
A. Total Mdse Imports
current				Updated FTS
Q2	-10.1	-10.1	0.0
constant
Q2	-12.3	-12.3	0.0
B. Non-Factor Services
current				Due to updated BOP data
Q2	-0.7	0.2	0.9
constant
Q2	9.7	10.7	1.0
6. NFIA
current				Availability of more updated data on BOP.
Q2	19.2	19.7	0.5
constant
Q2	16.6	17.1	0.5

Production Accounts

Q2 2006 - 2007 Growth Rates	As of Aug. 2007	As of Nov. 2007	Change	Reasons for revisions
1. Agriculture, Fishery, Forestry
current				Updated production data from BAS & FMB
Q2	5.5	6.1	0.6
constant
Q2	3.9	4.5	0.6
2. Industry
current
Q2	11.5	11.2	-0.4
constant
Q2	8.0	7.8	-0.2
a. Mining and Quarrying
current				Updated production data from DOE, MGB and updated QSPBI.
Q2	57.1	60.1	3.0
constant
Q2	33.3	34.6	1.3
b. Manufacturing
current				Updated QSPBI and MISSI
Q2	6.0	5.4	-0.6
constant
Q2	3.7	3.4	-0.4
c. Construction
current				Updated Building Permits and QSPBI from NSO
Q2	25.5	25.3	-0.2
constant
Q2	21.0	20.9	-0.1
d. Electricity, Gas, Water
current				Availability of 90 days QSPBI and Q3 2007 data on billed volume and billed amount of MWCI
Q2	8.8	8.1	-0.7
constant
Q2	5.8	5.4	-0.4
3. Services
current
Q2	10.5	10.3	-0.2
constant
Q2	8.4	8.4	0.1
a. Transport., Comm., Storage

current				Updated QSPBI, Availability of June MRT and PNR data
Q2	8.3	8.0	-0.3
constant
Q2	9.8	9.6	-0.2
b. Trade
current				Updated QSPBI
Q2	12.3	12.3	0.0
constant
Q2	8.4	8.5	0.0
c. Finance
current				Updated QSPBI & availability of Financial Statements
Q2	14.5	14.5	0.0
constant
Q2	11.8	11.8	0.0
d. O. Dwellings & R. Estate
current				Updated QSPBI
Q2	6.8	6.8	0.0
constant
Q2	6.3	6.3	0.0
e. Private Services
current				Updated QSPBI
Q2	14.1	13.3	-0.8
constant
Q2	8.6	9.1	0.5
f. Government Services
current
Q2	3.6	3.6	0.0
constant
Q2	2.8	2.8	0.0
GROSS DOMESTIC PRODUCT
current
Q2	10.2	10.0	-0.2
constant
Q2	7.5	7.5	0.05
GROSS NATIONAL PRODUCT
current
Q2	11.0	10.9	-0.1
constant
Q2	8.3	8.4	0.1