NSCB - 3rd Quarter 2009 National Accounts

Third Quarter 2009
Gross National Product &
Gross Domestic Product by Industrial Origin

Industry contracts

Industry sector contracted by 4.4 percent from 7.6 percent growth recorded the previous year. The decline of Industry comes from Manufacturing with negative 5.35 percentage points and Electricity, Gas and Water with negative 0.25 percentage point, the two sectors adversely affected by the global financial crisis.

The decline of the sector could not be offset by the positive contributions of Mining & Quarrying and Construction.

Mining and Quarrying on the upswing

Mining and Quarrying posted a double-digit growth of 26.9 percent from 0.7 percent the same period last year as all its subsectors contributed positively to its growth. Other Non Metallic Mining contributed the most to the growth of the sector with 11.0 percentage point and posted a growth of 40.5 percent from 12.9 percent. Gold Mining, meanwhile, rebounded to 20.7 percent from negative 22.1 percent; Copper Mining, soared to 173.3 percent from negative 8.6 percent; Nickel Mining, 27.2 percent from 77.5 percent; Stone Quarrying, Clay and Sandpits, 11.9 percent from 3.8 percent; Crude oil, Natural Gas & Condensate. 10.8 percent from 4.0 percent; Other Metallic Mining, bloated to 471.5 percent from negative 81.6 percent; and, Chromium Mining, the least contributor to the sector’s growth with 0.03-percentage point, bounced back to 89.5 percent from negative 76.0.

Manufacturing slumps

Still bearing the effects of the global financial crisis, the Manufacturing sector flanked again for the third consecutive quarter with negative 7.6 percent from a growth of 5.4 percent recorded last year.

The slumped in the manufacturing sector can be attributed to the poor performance of the following sub sectors: Products of Petroleum and Coal, 0.9 percent to negative 20.0 percent; Electrical Machinery, negative 7.4 percent to negative 9.4 percent; Footwear and Wearing Apparel, 7.2 percent to negative 20.8 percent; Food manufacturing, 14.4 percent to negative 1.8 percent; and, Chemical and Chemical Products, 3.1 percent to negative 8.3 percent.

On the other hand, the sub sectors that contributed positively were: Transport Equipment, which rebounded to a double-digit growth of 21.4 percent from negative 4.2 percent; Tobacco manufacture, with a slower paced growth of 8.2 percent from 42.7 percent; and, Non Metallic Mineral Products, 4.6 percent from 12.3 percent.

Construction decelerates

Construction decelerated to 1.3 percent from the double-digit growth of 20.5 percent recorded last year.

Electricity losses brilliance

Electricity and Water industries reversed its growth of 9.2 percent posted the previous year to negative 2.2 percent. With the increased cost of production, Electricity reversed its growth of 9.8 percent posted last year to negative 2.7 percent. Meanwhile, the water sub sector rebounded to a growth of 6.6 percent from negative 0.1 percent posted last year.

GROSS VALUE ADDED in INDUSTRY
3rd Quarter 2008 and 3rd Quarter 2009
AT CURRENT AND CONSTANT 1985 PRICES, IN MILLION PESOS

At Current Prices

INDUSTRY/INDUSTRY GROUP	3rd Qtr 2008	3rd Qtr 2009	Growth Rate (%)
INDUSTRY SECTOR	600,812	562,146	-6.4
a. Mining & Quarrying	29,037	32,936	13.4
b. Manufacturing	426,594	378,094	-11.4
c. Construction	88,962	90,742	2.0
d. Elect,Gas and Water	56,220	60,373	7.4

At Constant 1985 Prices

INDUSTRY/INDUSTRY GROUP	3rd Qtr 2008	3rd Qtr 2009	Growth Rate (%)
INDUSTRY SECTOR	117,166	112,053	-4.4
a. Mining & Quarrying	4,566	5,792	26.9
b. Manufacturing	82,672	76,405	-7.6
c. Construction	16,953	17,169	1.3
d. Elect,Gas and Water	12,976	12,686	-2.2

GROSS VALUE ADDED in INDUSTRY
Annual 2008 and 2007
AT CURRENT AND CONSTANT 1985 PRICES, IN MILLION PESOS

INDUSTRY/ INDUSTRY GROUP	AT CURRENT PRICES			AT CONSTANT PRICES
INDUSTRY/ INDUSTRY GROUP	2007	2008	Growth Rate (%)	2007	2008	Growth Rate (%)
INDUSTRY SECTOR	2,098,170	2,349,426	12.0	443,067	465,017	5.0
a. Mining & Quarrying	108,286	110,989	2.5	23,713	24,157	1.9
b. Manufacturing	1,459,125	1,656,524	13.5	315,709	329,317	4.3
c. Construction	299,851	346,295	15.5	60,899	65,674	7.8
d. Elect,Gas and Water	230,908	235,617	2.0	42,745	45,869	7.3

Source: National Statistical Coordination Board (NSCB).

Posted 26 November 2009.