NSCB - 4th Quarter 2009 National Accounts

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

Industry declines

The Industry Sector, which accounted for 27.8 percent of total GDP, declined by 1.1 percent from a growth of 5.3 percent last year. The biggest contributors to growth of the sector were Manufacturing and Mining & Quarrying.

Other Non Metallics and Crude Oil hikes Mining and Quarrying

Mining and Quarrying grew by 17.0 percent in the fourth quarter of 2009 from 18.2 percent the previous year due to the positive contributions of all its sub-sectors except Gold mining. Other Non Metallic Mining and Crude Oil, Natural Gas and Condensate were the contributor to growth with 28.8 percent from 16.5 percent and 10.8 percent from negative 44.4 percent, respectively. Copper Mining jacked up its growth of 8.3 percent registered last year to 141.0 percent; Nickel Mining, posted a reduced growth of 15.9 percent from 272.5 percent; Stone Quarrying, Clay & Sandpits, accelerated to 8.5 percent from 5.5 percent; Other Metallic Mining, rebounded to 211.6 percent from a decline of 33.0 percent, and, Chromium Mining, 15.4 percent from negative 60.7 percent.

In contrast, Gold Mining improved to a lower negative growth of 2.7 percent from negative 15.6 percent.

Manufacturing posts modest growth

Manufacturing posted a lower growth of 1.3 percent in the fourth quarter of 2009 from 3.4 percent in 2008.

The following subsectors contributed positively to the growth of the sector: Electrical Machinery, rebounded to a 15.6 percent growth from negative 8.0 percent registered last year. This was followed by: Products of Petroleum and Coal, 3.9 percent from 9.6 percent; Food Manufacturing, grew by 0.9 percent from 5.9 percent; Miscellaneous Manufacturing, up by 12.2 percent from negative 4.0 percent; and, Furniture and Fixtures, which rebounded to 13.8 percent from negative 14.8 percent. Production gains were also noted in Transport Equipment, Non-Metallic Mineral Products, Tobacco Manufactures, Rubber Products, and Basic Metal Industries.

On the other hand, the following pulled down the growth of the sector: Footwear and Wearing Apparel, which slid further to negative 19.8 percent from negative 1.9 percent; Beverage, down to negative 7.0 from a growth of 8.2 percent; Metal Products, down by 13.6 percent from a growth of 3.3 percent; Textile Manufactures, down by 17.0 percent from negative 14.6 percent; and Chemical and Chemical Products, plunged to negative 2.4 percent from a growth of 7.0 percent. Other sectors that suffered reduction in growths include: Leather and Leather Products, Machinery except Electrical, Publishing & Printing, and, Wood and Cork Products.

Construction falls

Construction slipped to negative 5.8 percent in the fourth quarter of 2009 from a growth of 14.5 percent registered in the previous year as both public and private sectors declined during the quarter..

EGW slows down

Electricity and Water slowed down to 0.5 percent from 3.8 percent in the previous year. Electricity, which accounts for 92.4 percent of the total sector, posted a measly growth of 0.1 percent from 3.8 percent in the same period last year. Water sub sector, on the other hand, inched up by 5.0 percent from 4.9 percent in the same period last year.

GROSS VALUE ADDED in INDUSTRY
4th Quarter 2008 and 4th Quarter 2009
AT CURRENT AND CONSTANT 1985 PRICES, IN MILLION PESOS

At Current Prices

INDUSTRY/INDUSTRY GROUP	4th Qtr 2008	4th Qtr 2009	Growth Rate (%)
INDUSTRY SECTOR	655,350	665,386	1.5
a. Mining & Quarrying	21,979	30,381	38.2
b. Manufacturing	496,158	499,204	0.6
c. Construction	84,453	82,089	-2.8
d. Elect,Gas and Water	52,760	53,712	1.8

At Constant 1985 Prices

INDUSTRY/INDUSTRY GROUP	4th Qtr 2008	4th Qtr 2009	Growth Rate (%)
INDUSTRY SECTOR	123,673	124,992	1.1
a. Mining & Quarrying	5,668	6,632	17.0
b. Manufacturing	91,678	92,901	1.3
c. Construction	15,865	14,947	-5.8
d. Elect,Gas and Water	10,463	10,512	0.5

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

INDUSTRY/ INDUSTRY GROUP	AT CURRENT PRICES			AT CONSTANT PRICES
INDUSTRY/ INDUSTRY GROUP	2008	2009	Growth Rate (%)	2008	2009	Growth Rate (%)
INDUSTRY SECTOR	2,349,426	2,295,126	-2.3	465,017	455,784	-2.0
a. Mining & Quarrying	110,989	118,997	7.2	24,157	29,258	21.1
b. Manufacturing	1,656,524	1,555,607	-6.1	329,317	312,439	-5.1
c. Construction	346,295	378,670	9.3	65,674	69,509	5.8
d. Elect,Gas and Water	235,617	241,852	2.6	45,869	44,579	-2.8

Source: National Statistical Coordination Board (NSCB).

Posted 28 January 2010