NSCB - 1st Quarter 2010 National Accounts

First Quarter 2010
Gross National Product &
Gross Domestic Product by Industrial Origin

Industry, the prime driver of GDP growth

Manufacturing regained its position as the top contributor to the growth of industry with a contribution of 14.1 percentage points in the first quarter accounting for practically all of the industry growth.

Construction [0.61 percentage points], Mining and Quarrying [0.57 percentage point and Electricity, Gas and Water [0.38 percentage point], contributed modestly to the growth of the industry sector.

The Industry sector rebounded to 15.7 percent from negative 2.6 percent recorded last year.

Other Non Metallics, Copper and Nickel sustain growth of Mining and Quarrying

Mining and Quarrying continued to grow by 7.4 percent from 19.2 percent in the previous year, largely contributed by the increased production of Coal, Other Non Metallics and Nickel. Other Non Metallics was up by 13.1 percent from 35.7 percent. Copper Mining grew by 45.1 percent from 60.7 percent; and, Nickel Mining soared to 134.2 percent from 64.8 percent. Other contributors to growth were: Stone Quarrying and Sand Pits, up by 15.7 percent from 10.0 percent, and, Other Metallic, up by 67.1 percent from 111.4 percent

Meanwhile, the following sub sectors pulled down the growth of Mining and Quarrying: Crude Oil, Natural Gas and Condensate, further slid to 23.4 percent from a lower negative 0.8 percent; Gold Mining, down by 13.2 percent from negative 2.2 percent; and Chromium Mining, down by 25.7 percent from negative 32.9 percent.

Manufacturing swells

The Manufacturing sector swelled to 20.7 percent, the highest ever, from a decline of 7.6 percent recorded last year. The last time the Manufacturing sector experienced a double-digit growth was in the in the fourth quarter of 1988.

The bulge of the Manufacturing Sector can be attributed to the expanded growths in Petroleum Products which soared to 65.9 percent from negative 29.0 percent; Food Manufacturing which grew by 10.6 percent from 2.7 percent; Electrical Machinery, 54.9 percent from negative 18.6 percent; Chemical and Chemical Products, with a robust growth of 25.7 percent from 3.1 percent; and, Miscellaneous Manufactures, 16.4 percent from negative 7.1 percent.

On the other hand, two subsectors pulled down the growth of the sector: Footwear and Wearing Apparel, down to a lower negative 10.2 percent from negative 24.4 percent and Textile Manufacturing which further slid to negative 14.4 percent from negative 12.7 percent.

Construction sustains growth

Construction grew by 4.4 percent from 13.8 percent recorded last year as both Private and Public Construction grew by 8.2 percent from 4.9 percent and 9.3 percent, respectively.

Sustained demand from Industrial and Commercial sectors up Electricity growth

Electricity and Water accelerated to 3.7 percent in the first quarter of 2010, from 0.6 percent in the previous year, largely driven by electricity. Accounting for about 93 pecent of the total sector, it grew by 3.5 percent from 0.2 percent bolstered by the demand from the Industrial and Commercial sectors.

Similarly, the Water subsector posted a growth of 6.2 percent from 6.0 percent recorded last year.

GROSS VALUE ADDED in INDUSTRY
1st Quarter 2009 and 1st Quarter 2010
AT CURRENT AND CONSTANT 1985 PRICES, IN MILLION PESOS

At Current Prices

INDUSTRY/INDUSTRY GROUP	1st Qtr 2009	1st Qtr 2010	Growth Rate (%)
INDUSTRY SECTOR	508,234	601,338	18.3
a. Mining & Quarrying	28,017	32,128	14.7
b. Manufacturing	341,924	413,737	21.0
c. Construction	80,739	89,028	10.3
d. Elect,Gas and Water	57,554	66,445	15.4

At Constant 1985 Prices

INDUSTRY/INDUSTRY GROUP	1st Qtr 2009	1st Qtr 2010	Growth Rate (%)
INDUSTRY SECTOR	101,348	117,226	15.7
a. Mining & Quarrying	7,780	8,358	7.4
b. Manufacturing	69,032	83,325	20.7
c. Construction	14,131	14,749	4.4
d. Elect,Gas and Water	10,405	10,794	3.7

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	2,347,803	2,318,882	26.3	464,502	460,205	27.8
a. Mining & Quarrying	110,989	119,160	1.4	24,157	29,354	1.8
b. Manufacturing	1,654,594	1,566,738	17.8	329,013	314,399	19.0
c. Construction	346,603	390,449	4.4	65,462	71,908	4.3
d. Elect,Gas and Water	235,617	242,535	2.8	45,869	44,544	2.7

Source: National Statistical Coordination Board (NSCB)

Posted 27 May 2010.


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