News: Gross revenue index of industries up in second quarter -
04 Nov 2010
The country’s total gross revenue index of industries soared 14 percent in the second quarter of 2010, according to the National Statistical Coordination Board (NSCB). NSCB said that the latest figure reflected a significant improvement from a 0.4 percent decline in the same quarter last year.
Among the different industries, real estate registered the highest growth at 33 percent, bolstered by high residential sales and high rental income from malls and office spaces.
“This was followed by manufacturing, which grew by 19.9 percent and Trade, with a growth of 12.8 percent,” the NSCB said.
Meanwhile, the total employment index posted a growth of 2.8 percent from a decline of 8.8 percent the same period a year ago.
Mining and quarrying recorded the highest growth with 27.5 percent, followed by finance with 4.5 percent.
According to NSCB, all other sectors recorded positive growths in employment index except for transportation and communication and private services, which declined by 2.9 percent and 0.6 percent, respectively.
Source: Philippine Star, by Iris C. Gonzales, 11/04/2010