NSCB - 4th Quarter 2007 National Accounts - Personal Consumption Expenditure (PCE)

Fourth Quarter 2007
Gross National Product &
Gross Domestic Product by Expenditure Shares

Higher consumer spending boosts Personal Consumption Expenditure (PCE)

On the expenditure side, the continued upsurge in remittances of the country’s Overseas Filipino Workers (OFWs) and increased benefits received by government workers boosted consumption resulting to the expansion of PCE to 6.3 percent growth in the fourth quarter of 2007 from 5.8 percent the same period last year.

Food expenditure, which accounted for 56.1 percent of the Personal Consumption Expenditure (PCE), grew by 6.6 percent from 6.8 percent in the previous year while Miscellaneous expenditures accelerated to 7.8 percent from 5.7 percent last year. Meanwhile, Transportation/Communication and Clothing and Footwear both turned in lower growth as they decelerated to 8.2 percent from 8.3 percent and 2.4 percent from 6.5 percent, respectively. The other sub-sectors that contributed to the growth of PCE were the following: Household Operations, up by 2.7 percent from 1.9 percent; Beverages, grew by 4.7 percent from 6.6 percent; Fuel, Light & Water, up by 4.3 percent from 1.4 percent; and, Household Furnishings, recovered to 5.0 percent from negative 2.5 percent.

PERSONAL CONSUMPTION EXPENDITURE
4th Quarter 2007 and 4th Quarter 2006
AT CURRENT PRICES, IN MILLION PESOS

ITEM	Q4 2006	Q4 2007	Growth Rate (%)
PERSONAL CONSUMPTION EXPENDITURE	1,176,715	1,296,393	10.2
1. Food	546,714	607,110	11.0
2. Beverages	20,179	21,684	7.5
3. Tobacco	17,653	18,276	3.5
4. Clothing and footwear	25,726	26,816	4.2
5. Fuel,light and water	49,829	53,441	7.2
6. Household furnishings	15,512	16,460	6.1
7. Household operations	100,641	104,879	4.2
8. Transportation/comm.	122,963	137,359	11.7
9. Miscellaneous	277,498	310,369	11.8

PERSONAL CONSUMPTION EXPENDITURE
4th Quarter 2007 and 4th Quarter 2006
AT CONSTANT 1985 PRICES, IN MILLION PESOS

ITEM	Q4 2006	Q4 2007	Growth Rate (%)
PERSONAL CONSUMPTION EXPENDITURE	278,819	296,302	6.3
1. Food	155,891	166,220	6.6
2. Beverages	5,644	5,908	4.7
3. Tobacco	4,919	4,966	1.0
4. Clothing and footwear	8,826	9,038	2.4
5. Fuel,light and water	8,771	9,150	4.3
6. Household furnishings	6,681	7,014	5.0
7. Household operations	20,916	21,489	2.7
8. Transportation/comm.	24,316	26,311	8.2
9. Miscellaneous	42,856	46,206	7.8

PERSONAL CONSUMPTION EXPENDITURE
Annual 2007 and 2006
AT CURRENT AND CONSTANT 1985 PRICES, IN MILLION PESOS

INDUSTRY/ INDUSTRY GROUP	AT CURRENT PRICES			AT CONSTANT PRICES
INDUSTRY/ INDUSTRY GROUP	2006	2007	Growth Rate (%)	2006	2007	Growth Rate (%)
PERSONAL CONSUMPTION EXPENDITURE	4,226,120	4,615,831	9.2	999,217	1,059,466	6.0
1. Food	1,892,134	2,081,660	10.0	536,489	571,274	6.5
2. Beverages	71,199	76,720	7.8	20,148	20,975	4.1
3. Tobacco	66,664	70,378	5.6	19,942	20,593	3.3
4. Clothing and footwear	88,871	94,453	6.3	30,602	31,805	3.9
5. Fuel,light and water	207,925	225,687	8.5	38,271	40,225	5.1
6. Household furnishings	58,187	59,074	1.5	25,249	25,337	0.3
7. Household operations	424,882	442,226	4.1	85,516	87,389	2.2
8. Transportation/comm.	472,915	519,901	9.9	91,420	99,975	9.4
9. Miscellaneous	943,343	1,045,735	10.9	151,580	161,892	6.8

Source: National Statistical Coordination Board (NSCB)

Posted January 31, 2008.


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