Release Date :
Reference Number :
201203ES101
Total Gross Revenue Index of industries slowed down to a growth of
Total Employment Index posted a decelerated meager growth of 0.5 percent from 1.9 percent in 2010 from last year’s growth of 1.9 percent. Employment Index for Real Estate recorded the highest growth with 4.7 percent followed by Finance with 1.1 percent and Trade, with 0.8 percent. All other sectors recorded marginal growths in Employment index except for Other sectors recorded positive growths except for Mining & and Quarrying and Transportation and Communication which , declined which declined dropped by 19.9 percent and 0.5 percent, respectively.
Total Compensation Index continued to growgrew at a slower pace of 4.0 1 percent from last year’s growth of 9.2 percent. Again, Real Estate again rrecorded the highest growth with 13.2 percent followed by Private Services with 7.5 percent and Transportation and Communication with 6.0 percent. Mining and Quarrying, Manufacturing, Electricity and Water, and Trade likewise posted positive growths. On the other hand, However, Mining and Quarrying and Finance declined by 11.4 percent and 4.3 percent respectively during the quarter.
With the slowdown in total compensation and meagerthe slowdownmarginal ingrowth in of employment, the Total Compensation per Employee Index grew byposted a lower growth of 3.4 5 percent in the third quarter of 2011 as against from 77.2 percent last year. Mining and Quarrying posted the highest growth with 10.625.2 percent, followed by Real Estate at 8.1 percent and Private Services at 7.3 percent. All other. The rest of the sectors recorded positive growths except for Finance which declined by 5.4 percent.
This report is based on the March 2012 issue of the Quarterly Economic Indices (QEI) of the Philippines.
ROMULO A. VIROLA
Secretary General
| Attachment | Size |
|---|---|
 Q3 2011 Quarterly Economic Indices (1st Qtr 2008 to 3rd Qtr 2011) |
2.35 MB |