Release Date :
Reference Number :
201102ES101
Total Gross Revenue Index of industries grew by
Meanwhile, Total Employment Index posted a growth of 1.9 percent from a decline of 5.2 percent a year ago. Real Estate and Finance both recorded the highest growth with 4.7 percent. All other sectors recorded positive growths in Employment Index except for Mining & Quarrying,Transportation and Communication and Private Services, which declined by 12.5 percent, 1.5 percent and 1.2 percent, respectively.
Total Compensation Index rebounded to a growth of 15.7 percent from last year decline of 1.7 percent. Manufacturing, Trade and Real Estate recorded double-digit growths at 31.3 percent, 24.9 percent and 10.8 percent, respectively. All other sectors likewise registered positive growths in Compensation Index, except for Mining & Quarrying, which declined by 2.1 percent during the quarter.
Total Compensation Per Employee Index, followed the growth of Total Compensation Index as it grew by 13.6 percent in the third quarter of 2010 from a 3.7 percent growth the same quarter last year. Manufacturing registered the highest growth at 28.0 percent, followed by Real Estate at 19.3 percent and Mining & Quarrying at 11.9 percent. Except for Finance, which declined by 4.4 percent, all other sectors posted positive growths in their respective Compensation Per Employee Index for the third quarter of 2010.
This report is based on the February 2011 issue of the Quarterly Economic Indices (QEI) of the Philippines.
ROMULO A. VIROLA
Secretary-General
