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P erformance of the P hilippine E conomy

P erformance of the P hilippine E conomy. Second Quarter 2010. Presented by ROMULO A. VIROLA Secretary General. National Statistical Coordination Board 26 August 2010. Economic Performance (Growth rates, in percent). 0.9. 3.9. 29.6. 10.6. 1.2. 7.9. 7.9. 4.4. 7.9. 8.2. 7.7.

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P erformance of the P hilippine E conomy

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  1. Performance of the Philippine Economy Second Quarter 2010 Presented by ROMULO A. VIROLA Secretary General National Statistical Coordination Board 26 August 2010

  2. Economic Performance(Growth rates, in percent) 0.9 3.9 29.6 10.6 1.2 7.9 7.9 4.4 7.9 8.2 7.7 30.4

  3. Economic Performance

  4. Seasonal Adjustment(Growth rates, in percent) 0.6 1.7 3.8 1.5 2.1 2.0 1.3 1.8

  5. Confidence Intervalsfor theTrue Growth Rateof the Gross Domestic Product (GDP) 7.9 7.6 8.1 7.6 8.2 7.5 8.3

  6. Per Capita GDP, GNP, PCE(Growth rates, in percent) -1.1 5.8 1.9 6.2 2.3 3.1 -0.8 5.9 2.4 5.8 3.4 2.9

  7. Major Industries(Growth rates, in percent) 0.2 1.2 -2.9 -0.6 -1.5 2.7 2.3 6.7 -3.0 15.8 15.9 6.4

  8. Seasonal AdjustmentMajor Industries (Growth rates, in percent) -0.4 -2.4 -0.2 0.0 6.6 5.1 1.4 0.1 4.4 -0.2 3.5 0.4

  9. Contributions to GDP Growth -0.5 5.2 3.2 7.9

  10. -10.2 1.9 3.6 -8.9 -37.1 -0.5 -24.9 -2.3 1.3 1.2 0.5 -0.4 -16.5 -20.9 -52.5 -60.4 0.3 4.5 0.7 4.0 3.9 -2.8 -5.6 2.9 3.5 2.5 2.4 2.1 3.0 4.5 4.3 2.4 -1.3 -2.5 2.2 2.2 0.1 4.7 5.5 -0.2 -37.8 -17.5 -15.9 -14.4 Agriculture, Fishery & Forestry(Growth rates, in percent) -2.9 0.2 -3.0 1.2

  11. -3.04 -1.38 -1.94 -0.01 -0.79 0.01 0.64 0.41 0.29 -0.06 -0.03 -0.25 Agriculture, Fishery & Forestry(Contribution to Growth, in percentage point)

  12. 15.9 -1.5 22.1 20.7 23.0 -7.4 -7.5 16.2 22.2 18.9 15.7 -4.9 -2.3 8.3 Industry(Growth rates, in percent) -0.6 15.8 36.3 12.4 22.6 8.4

  13. 15.8 2.8 7.8 4.4 0.8 Industry(Contribution to Growth, in percentage point)

  14. Manufacturing(Contribution to Growth, in percentage point) 5.87 2.42 Electrical Machinery Products of Petroleum & Coal Miscellaneous Manufactures Chemical & Chem. Prod. 0.94 0.79 Metal Industries 0.41

  15. Manufacturing(Contribution to Growth, in percentage point) -0.38 -0.30 Footwear Wearing Apparel Tobacco Manufactures

  16. 6.7 2.3 6.4 3.2 4.2 1.6 10.0 7.8 -0.4 4.4 2.2 3.4 9.4 -0.9 7.1 6.7 7.5 5.0 6.4 7.1 7.6 Services(Growth rates, in percent) 2.7 1.0 0.2 5.8 -2.5 5.9 10.7

  17. 6.36 0.77 2.51 0.28 0.87 1.21 0.72 Services(Contribution to Growth, in percentage point)

  18. IndicatorsSupporting Growth for 2nd Quarter 2010

  19. IndicatorsSupporting Growth for 2nd Quarter 2010

  20. IndicatorsSupporting Growth for 2nd Quarter 2010

  21. IndicatorsSupporting Growth for 2nd Quarter 2010

  22. Expenditure(Growth rates, in percent) 5.5 4.3 4.9 5.1 9.2 11.9 5.6 12.2 16.8 22.5 12.4 16.6 34.1 29.7 -19.7 -19.0 -5.1 -1.9 3.8 2.5 29.3 30.2 -23.2 -22.3 17.2 3.0 12.0 13.1 -2.1 -7.0 24.1 25.3 6.5 13.6 -1.7 0.5

  23. Expenditure(Contribution to Growth, in percentage point) 4.0 0.5 2.5 2.2 0.0 -2.7 1.6 7.9

  24. Construction(Growth rates, in percent) 16.8 12.4 22.7 28.7 10.8 -0.3 16.6 22.5 39.1 28.7 -4.9 13.8

  25. Top 5 Merchandise Exports(In percent) 52.6 Semiconductors and Electric Microcircuits Transmission Apparatus 46.3 Garments 12.4 Finished Electrical Machinery 62.9 Crude Coconut Oil 172.2 Q2 2010 Growth Rates 6.26 5.78 2.26 0.73 0.32

  26. -48.0 Cathodes & Section of Cathodes of Refined Copper Gold from Copper Ores -28.7 Petroleum Naphtha -43.9 Banana and Plantains -31.3 Other Prods Manufactured -33.3 Bottom 5 Merchandise Exports(In percent) Q2 2010 Growth Rates -0.85 -0.32 -0.21 -0.15 -0.14

  27. Top 5 Merchandise Imports(In percent) Electrical Machinery, Apparatus and Appliances 29.3 Transport Equipment Cereal and Cereal Products Mineral Fuels, Lubricants and Related Materials Machinery Other Than Electrical Machinery 43.2 47.9 21.3 21.4 Q2 2010 Growth Rates 4.52 2.83 2.56 1.78 1.60

  28. -13.0 Paper Products Textile Yarns -0.8 Bottom 2 Merchandise Imports(In percent) Q2 2010 Growth Rates -0.18 -0.02

  29. Net Factor Income from Abroad 32.9 6.8 30.6 8.8 -43.6 -36.1 -32.5 -27.3 27.6 5.3 23.8 7.3 0.0 0.0 0.0 0.0 13.5 -8.5 -4.4 6.3 13.5 6.3 -8.5 -4.4 7.7 10.6 29.6 30.4

  30. OFW Details

  31. First Quarter 2010 Revisions(Growth Rates as of May 2010 and as of August 2010) -0.05 -2.7 -2.5 -0.04 -2.8 -2.6 -0.01 14.1 30.3 0.08 15.9 15.7 0.00 7.4 7.4 -0.06 20.4 20.7 -0.00 4.3 4.4 0.14 8.2 3.7 0.47 7.1 6.1 -0.17 -1.1 0.7 0.62 12.6 8.5 0.01 6.5 6.3 -0.01 4.9 5.0 -0.09 8.5 9.5 0.11 6.5 4.1 0.49 7.8 7.3 -0.91 8.6 24.9 9.5 14.1 -1.34 AFF AGRICULTURE & FISHERY FORESTRY INDUSTRY MINING & QUARRYING MANUFACTURING CONSTRUCTION ELECTRICITY, GAS & WATER SERVICES TRANS., COMM & STORAGE TRADE FINANCE ODRE PRIVATE SERVICES GOVERNMENT SERVICES GROSS DOMESTIC PRODUCT N F I A GROSS NATIONAL PRODUCT

  32. Announcements 1. NSCB Releases Philippine National Health Accounts The NSCB released last 3 August 2010 the preliminary estimates of the Philippine National Health Account (PNHA) for 2005 to 2007. The PNHA presents information on how much is spent on health care goods and services and who is paying for these goods and services. This information is useful in analyzing the appropriateness of the levels, composition, and structure of health expenditures, especially those of the government.

  33. Announcements 1. NSCB Releases Philippine National Health Accounts con’t…. Among the highlights: • The country’s total health expenditure showed improvements from 2005 to 2007, but at decelerating growth rates both at current and constant prices. At current prices, the total outlay for health went up from PHP198.4 billion in 2005 to PHP234.3 billion in 2007, registering a growth rate of 9.1 percent in 2006 and 8.3 percent in 2007. • When considered on a per capita basis, these growth rates translate to miniscule increases in per capita health spending of PHP14 in 2006 and PHP11 in 2007. The PNHA report can be accessed on its link athttp://www.nscb.gov.ph/stats/pnha/2007/default.asp.

  34. Announcements 2. NSCB releases the 2009 GRDP The NSCB released the 2009 Gross Regional Domestic Product (GRDP) on August 5, 2010 through simultaneous Press Conferences in 9 out of the 17 regions of the country, where it has regional presence. The gross regional domestic product (GRDP) measures the goods and services produced in each of the geopolitical regions of the country. It provides an analysis of the regional distribution of the country’s gross domestic product (GDP), the industries and factors that contribute to the regional economies, and the pace at which these economies are moving.

  35. Announcements 2. NSCB releases the 2009 GRDP con’t… Out of the 17 regions, 13 regions posted positive growths while 4 regions recorded reversals. Bicol’s economy posted the highest growth rate at 8.2 percent while CALABARZON recorded the lowest, at negative 1.6 percent. Copies of the 2007-2009 GRDP are available at the National Statistical Information Center (NSIC) located at the Ground Floor, Midland Buendia Building, 403 Senator Gil Puyat Avenue, Makati City. For subscription and inquiries, please contact the NSIC at telephone numbered (632) 895-2767 or at e-mail address info@nscb.gov.ph.

  36. Announcements 3. Approved FDI declines in Q2 2010 after posting two consecutive quarters of increase • Total foreign direct investments (FDI) approved by the Board of Investments (BOI), Clark Development Corporation (CDC), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA) in the second quarter of 2010 declined by 31.0 percent after posting two consecutive quarters of increase. Total FDI amounted to PhP 13.8 billion from PhP 19.9 billion registered in the same period last year.

  37. Announcements 4. 11th NCS October 4-5, 2010 is the 11th National Convention on Statistics (NCS) to be held at the EDSA Shangrila Hotel in Mandaluyong City. Confirmed plenary presenters include: • Albay Governor Joey Salceda on Disaster Risk Reduction and Climate Change • Director Ma. Lourdes Mangahas of the Philippine Center for Investigative Journalism (PCIJ) on Good Statistics, Good Goverance – Tracking the MDGs, Trouncing Povertyand • Ms. Maria Fe Dayco, Senior Vice-President of the GSIS on Statistics About the GSIS and its Funds

  38. Announcements 4. 11th NCS con’t… NCS Simultaneous Sessions during the 2-day Convention include topics on: • Statistics on MDGs • Economic Progress • Progress of Society • Statistics on Climate Change • Demographic Statistics • Econometrics • Time Series Analysis • Social Statistics • Banking and Finance Statistics • Statistical Applications in Data Mining, Business Intelligence • Civil Registration Statistics • Poverty Statistics

  39. Announcements 4. 11th NCS con’t… Registration is still on-going. Registration rates are as follows: Government Php 5,000 Private Php 6,500 (Note: Rate will cover attendance to all sessions, a convention kit, complete set of papers in CD-Rom and lunch and snacks for two days). Avail of discounts until August 31, 2010: Government: Group of 10-19 Php 4,700 per participant Group of 20 or more Php 4,500 per participant Private companies: Group of at least 5 Php 6,200 per participant

  40. visit: www. nscb.gov.ph Thank you very much.

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