“The Heonom Indians saa mop penton pepe by he pumbine StAnistics AUTHOR 0), Fortec gues, plene acca at (2) 2 00 be 89. “TERMS OF USE OF PSA PUBLICATIONS. he PSA sees it exci ght orp ais pblcatons ia whee fom, «Ay st of hi pbeton shoul nore repre oid orpucage! fr oer pate far apy commercial purposes wou witen Feo om he PSA» An at of is pableton my oly be ede or cl we the mentees comp. Sh ay porno Ja ss pubeason be ced ins prt aac the il of te pton sa the PSAs pole shod De ced the sure he dat Any information dene se th proces of datacom inh pbinton wile be the espns of PS, Pubitedb be Php isis Satosty PERCE Dating "Guene Cy Thine Avge 15,2016 Bic ies of hi guicon in printed and dt oma (@xcl/Word/>DF in CDRom) ee sae or pacane Forde please ont wat (62) 42660 89 ors lag ‘rebate: hap pagor shREPUBLIC OF THE PHILIPPINES HIS EXCELLENCY PRESIDENT RODRIGO ROA DUTERTE 3 a SS PHILIPPINE STATISTICS AUTHORITY LISA GRACE S. BERSALES ‘Navona! Stnistcian JOSIE B. PEREZ Deputy Nation SiatstanFOREWORD ‘The monthiy Economic indicators is 2 regular publication of the Phiippine Statistics Authority (PSA). I presents the latest available monthly statistical incicators of the levels and trends ofthe country's economic activites ad performance. These Indicators have heen carefully dented te meet the varying needs of polic-makers, decision-makers and other researchers for more celevant data To guide data users towards a move meaningfel analysis of econemic behavior and events, the indicators are presented in 3 moving thirteen-month time series. In addition, the Summary Tees of the Quarterly Economic indices: Fist Quorer 2014 to Fourth Quarter 2014 are Included a special feature fortis su, \We gratefully acknowledge the sustaned support and contribution ofthe various source agencies for providing the PSA with the necessary data Inputs. The regular and timely release of this publication depends reatiy on the goodwil of the folowing. coopersting agencies/orgnizations 1. Bang SentrangPipinas 8. Land Transportation Office 2 Bureavof Treacury 5. Ugh Rai ana authority 2. chamber ofautomotve Manufacturers ofthe Philpines 10. Mattotar Express 4 Chilton authorty ofthe Phiipines 11. Mines and Geo Scences Bureau 5. Deparment of nergy 12. Nationa Conlon and Mediation Board & Department of Tuts 13. Pippine Overseas employment Administration 1, Forest Management Bureau 14. Pnippine Stock txenange Incorporated how ties 5, Berrnb USA GRACES. GERSALESft Monty el Suan Fae of Que nds: shy ny “= trys by mtn TABLE OF CONTENTS or veri regeration by lasieaon ‘esate on Tet atu oma by evry natn peelF Camtmerpecn wan oP inbe Pop & onmume penn OP eer - U Cietiononese ice ters Pmopnes {8 Pedr pea nderormanaautgtyinany cor tiny noeten Uy pen eco Ulcer te tcommercl ans ‘Smbo Ler haath unt elesNOTES ON THE MONTHLY INDICATORS SUMMARY OF MAJOR INDICATORS Under Section {Monthly levels) appears at of principal economic lnleator selected from the aferent sections of ths publication For ch of hese ndeators, the latest gure reported is competed with the preceding mont’ report andra with the eorespandng report forthe {ame rnnth ofthe preceding calendar yer. The changes are exorestes Under section 8 (Cumulative evel), he data resented ate the sums of successive monty increrents fom January tothe latest recorded month ofthe curert calendar year. These 2fe compared with Crtespondng ss of monty increments for the same peviod inthe preceding caendar yer. The compar are expressed 25 percentage inreases [or deveases over theater figures. PART A, PRODUCTION AND CONSUMPTION sectors and Batic data on petroleum consumption by type and by Industry ave supple by the Department of tnergy. Data on foc production of forest products are generated by the Forest Management Bureau. Data on mineral produ, onthe ater hand, are generated by Manufacturers Corporation. ‘The indices of wae and volume of production of key manufaciring enterprises ate derived fom the Monthly intgeated Surey of Selected Industries (MSS, whic is being undertaken bythe Pipi Satis otro P58. PART. SALES Sales of automotive veil sales ae compled by the Chamber of Automotive Manutocturers f the Pippnes, ne These data rele the Volume automotive vehicle sld ons monthly as. PART C. TRANSPORTATION AND TOURISM Monthy dst on raread, Ight rail anet and. metro a _wanspotatin are reported bythe Pilippne National Ralivays, ight Rai Transit Authorty and. the Degartmest of Tarsporation and Communication, respectively. Data on motor vehicle vansporaton by dlasscaton and by type of fuel used are provided by the Land “Transporation fice we dita on ae tranportation are derived fromm the Gi Beton Authorty of the Pouippines On the other hand, shipping ttstes are proved by se Phlopine Ports Auton, by country of residence, which derwes fom the Aaval/Depatire ards ofthe Department of Tours PART D, EXTERNAL SECTOR The value and quantity deta zppearing In ths section represent wonsacions duing the spectied marth. Cumulstve levels an be ‘erved by acing sucesve monty fguresn he series, Some ofthe ate are obtained fom the Bangho Sentral ng Pilipinas (BSP, and therefore the notes on tems, ietatons, ond covragn of dat re found inthe 8SP Stove! ulletn, ata on the valve of merchandise enperts and expoas ae a5 eportedty the PSA.PART E. EMPLOYMENT Statistics on SKE notices and actual shes per month ave enerstedby the National Concltion and Medation Board (NCR). On the other hand, data on overseas employment exe provided by the Pippin Overseas Employment Adminstration (POFA), PART. PRICES Dats on pies of acura! commodities ae calcd by the PSA ros pt noes, we he fee rostes, we ae peste {general wholesale price index, and wholes pie index of conection Imari. The inflaton rates andthe purhatng power of so, which sre computed base onthe consumer pre inde, ewe apoe3in this Scion.” On the other hand, eat on world prices on selected ‘emmedites ae provised bythe SP. ‘All figures are curl owl corded a the ond of ech meth ‘The monthly neremeant asa measure of actly within a sped menth, i therfore the ference between two svcesive Faure inthe eis ata en money and banking ae obtained trom the BSP whe data on shores and stocks are sourced from Phiipine. Stock Exchange, Incorporate, The clection dts ofthe Beau of Customs (0001 eer to amounts cllectd during the indicted mathe ony. Cumulative levels can be ‘evved by adding a number of soccessve Fees The 5° data on internal deb ate reported as oustanding eves a of ‘the end ofeach month, The difeence berween two sieeve figures ‘Data onthe cash eperations ofthe National Govemment ae supped ring the nated mons ony'SUMIMARY OF MAJOR INDICATORS oar Pring Perant Tinea aa ‘moVenTOR ont Month Change ‘Avearigo ange ‘er err een emt) rams a8 mast fev 2% as 2 toca ttn Pope sions supe 551 fons ses mee 2 Satay ean che prawns riers) 20s poms nat mess mas war | ro mere ners F.08 on SS) feme sane sna gan roms sana Sot martes FOB mle) Fame 42100 amo ae poms ase) {6 commer ae fe 2060100 A 1 Rena aptalRagon es Fees ma uae “tos Foms ian aa dresses Naona pana (NCR) feszois 5s Ma ee fems iat tis ‘eae einen te Pines tase perms 87 rr fems m2 an) ‘ee poms mas ms an fevmos mens) ‘alten ferme 67 wera fem soa 1. toad ney (ion) GR aed) feria amas naman fems sms ae‘SUMMARY OF MAJOR INDICATORS TT Yaris foc Tae wwotearon 08 Total Pet rot Cones antes 4/18), _ oo a ‘3 rn a 1. LRT Groscevense collection ine (ion pss) sanFoo2035 <2 inseo2016 23 2096 2 aa 2. tor at th Pines Janeb20xe 1070761 dseb201s 5678 ma sen sa ionssh lanfeb2016 41327 sanep7015 BL ea pana 106 |. ot merchandoe inportsF.08. on US) damfebaoie 122380 donteb ois 10se94 we ats ow Tt mecandie pars 6.08. Bon USS dnmfesa0is «84970. tanteb2015 88702 fem sete ou 6 chngeinbond money tion PSB) Jnfeb20i6 SO danfebaoIs ea soos 14su7e9 008 7. Nationa goverment ath options (mion scenes avfebioie Lame ansebaols e700 (uz sons ear 2 tenes Faneozoie 358278 nfen20is shan? (zy) genet oeSPECIAL FEATURE, ‘QUARTERLY INDICES ON GROSS REVENUE, First uarter2014to Fourth Quarter 2014 mamengrs a a soon fase wei? taasra tan 2 lasroriegTone QUARTERLY INDICES ON COMPENSATION, Fst Quarter 201 to Four Guan 2014 stent press (osrenteo) uate TOTAL Tres omen manor Rancaute Praesens OHA Mio Nantes Sotercace "Noe Oana 3 tena Some gauss sau? Aa008 ‘ogee Tao ma oe tea? toms ama Sand Aa sass S09 fas ated ‘QUARTERLY INDICES ON COMPENSATION PER EMPLOYEE, First Quarter 2014 Fourth Quarter 2014 ‘men peees areeo, Come; TOTAL —Micung ree TSIM ace Reet Pate Sct owas 3 [ae oon ‘ar Tae Tash aaa 3s a omT @ Hans taasa azmt same Dams sts sess ein? & dort ase boca Suert) dyna fae amas one[QUARTERLY INDICES ON COMPENSATION PER EMPLOYEE, First Quarter 2014 to Fourth Quarter 2014 ‘ant pees (sree, var Mouteing Tom TSN Grane Rowan Pra Snins SHCA Mei|A. PRODUCTION AND CONSUMPTIONTRANSPORTATION AND TOURS one){TRANSPORTATION ANDO TOURISM oth gpSag HEHEHE=——s =aad filet ied= = =Ri ea] ionmeshoseon ty teaeway ep eg ‘emits oboe ere Ea -aROES(tee aw pal en CHEE EESEESh oeron = ed Bo ere = ee a mea moey 7S tanh mesesPRICES antes) see = =e ee ea oe Coes mas mass) aNS a ae Tos eePRICES comin) So ae ae oo om meme mmm = ee a ee= wl‘es ears lis a os vee |a a —a = ae = Pe i i ‘ee en ScPUBLIC FINANCE (once)Glossary of Terms PRODUCTONTAND CONSUMTION : 5 ‘Value of Production index (VAPI)~ is defined 2s the monthly change of production values in selected manufacturing analy of production trendin the manufacturing sector. terpriss. I is used for the ‘Volume of Production index (VOR!) is derived by dvdng the Value of Production inex (API) by the Producer’ Price Index (9), with 1992 asthe base ‘year. The indexsa measure of change Inthe volume of manufacturing producton, ‘TRANSPORTATION AND TOURISM Country of Residence — consists ofthe country where she/he has ved for most of the past yea (12 months) or for a shorter period she/he intends to retuen within 12 maths olive there ‘Occupancy Rate ~ refers tothe proportion ofthe rooms or bed-laces ina collective tourism establishment that s occupied over seme period of time, such asa night, month or year Visitor arrivals ~ includes tourist, excursionists, aliens entering the country fora temporary stay not exceeding one year and for purposes ether than immigration, permanent residence or employment for remuneration in the country and ligne national esidng permanently abroad on temporary tay Inthe Pilipaines not exceeding one year. Ths excludes the following: 2) vanstwisitors and change pian passengers who reainin the premises ofthe or of etry terminal b lene with prearranged employment for remuneration inte Phiiopine, even i iength of tay Iles than 59 days) liinas Thvng abroad, regardless of length of stay overseas who are not permanent residents abroad d) immigrants or aliens with permanent rescence fn the Prlippines;e) lpi overseas contract workers on home sts and returning residents ofthe Pilppnes. ‘ross Exchange Rate ofthe Peso refers othe exchange rate of the peso with foreign curencies other than the intervention currency. It iscomputed by ‘multiplying the US. dollar equivalent of one unit of foreign currency with te peso equivalent of one US dolar "Nominal ffectve Exchange Rate Index of the Peso (NEERI) ~ weighted average exchange ate of the peso vi-bvs a basket of forelgn currencies suchas the US. dolar, the Japanese yen the Deutche mark and the British pound, unadjusted forthe effects of ifiation. Thi l computed a the summation oF the percentage change inthe peso cross rates with respect to each currency inthe basket muftpid by the corresponding county welght. The ndwidval country weights recalculate fom ther total trade shares, Le, export plus importReal Effective Exchange Rate Index ofthe Peso (REERI)~ i the NEERI ofthe peso adjusted for inflton rate dfrentals withthe countries whose currencies comprise the NEER basket. Ths imply the pesos NEERI multiplied by the ratio of the domestic rice Index tothe welghted rice index of ‘the countries whose curencis compre the NEER basket. 5 Balance of Trade-the cfference between the export earings and import payments ofa goods or merchanlse trade transacted by a county. Export ll goods leaving the country which are properly e'eared through the Customs. Import - al goade entering any ofthe seaports o apors of entry of the Pilppines properly cleared trough the Customs or remaining under Customs contol, whether the goods are for det consumption, for merchantng, for warehousing ot for further processing, EMPLOYMENT ‘Actual strike - any temporary stoppage of work by the concerted action ofthe employees a a result ofan industrial or labor dispute. Tis may include slow down, boyot, sit oun, massleave, attempts to damage, destoy or sabotage plant equipment and ails and sir actives Land Based Workers ~ contract worker other than a seaman including workers engaged in ffshre activities whose occupation requires that maorty of his workng/epnf! hours ae spent on and ‘Man-Days Lost total number af man-dys last due to strikes or lckoutsdecared. Ite computed by mutphing the number of workers involved inthe strike or lockout by the total numberof working days lst or made ile due tote srke/lockout Notice of Strike - the notification fed by a duly relstered labor union withthe appropiate NEMB regional bench about its intention to go on strike because of alleged commission by the employer of unfair labor practic acts or because ofa deadlocks collective bargbining negotiations ‘Overseas Filpno Worker (OFW) ~ a Flipino worker who Is to De engbged, s engaged, or has been engaged in 2 remunerates activity in 2 country of which he/she snot algal esdent Sea-tased Worker any person employed in vessel engaged in maritime navigation. Als called a seeman. Stike ~ any temporary stoppage of work by the concerted action ofthe employees a 2 result of an Industrial or labor dispute. Includes actual stike (oth o without note] fled at appropriate NCMB ragonal branches.rices ‘Consume Price Index (CPi) -measure ofthe average changes inthe rela prices of fixed basket of goods and services usualy purchased by households {or their consumption Inflation Rate - year-on-year rate of change inthe average price level as measured by the consumer price index: refers othe percentage change in Cl froma parvclar month st year to same month nthe curent yer. Producer’ Price Index (PP) ~ measure of the changes inthe produce’ pies (explant) of Key commodities produced by the manufacturing set ease ofthe changes in the prices received by farmers or ercutural products etal Price Index (RPt)-meacure of the changes ofthe priest which retailers dispose of their goods to consumers and end-users. Wholesale Price Index (Wl) - measure ofthe changes inthe pric level of ommosstes that flow into the wholesale rade intermediaries: commodities are transacted in bulk for further resale or processing [MONEY AND BANKING Balance of Payments (80°) ~ systemically summarizes for 2 specif patio, the economic transaction af an economy’ residents withthe rest ofthe wor ‘capital Account ~ covers ll transactions that involve the recept/payment of capital transfers and acquston/aeposal af non-produced, non nancial Deposit Substitutes - an alternative form of obtaining funds from the publi other than deposits, trough the issuance, endorsement, of aeeaptance of debtinstraments forthe borrowers own account, fo the purpte of re lending 9 purchasing of recevabes and thew obligation. Domestic Liqullty (M3) - consists of money supoy savings and time deposits and deposit substitutes ofthe monetary syste Government Secures or Treasury Bills bil issued by the Bureau of Treasury as agent ofthe government. Gross International Reserves of the Central Bank - Gross Reserves consist of holdings of gold, spacial drawing rights (SR) foreign investments, and foreign exchange, including reserve position ia the FundMoney su lyor Narrow Money (Mi)-consets of curren incircultion lus pese demand deposits Net Domestic Credits - defined under M8, Re, No, 404 dated Febreay 14,1975 a conitng of domestics ofthe Banghe Sentral ng Pilipinas, (et Of National Government deposte withthe Bangla Sentral ng Pinas, Treasury IMF Account and Bangko Senta ng Plipinas loans and advances to ‘deposit money banks} and domestic reds of depost money banks (nt of National Government deposit) 'Non-Money Supnly Deposits eer tothe total quast-money, marginal deposits and deposit substitutes of local government, sem-governent enties and residents with deposit money banks. Reserve Money ~refers othe labia ofthe monetary authorities through which the economy i infuse wit quit. ‘Savings Deposits - these include al interest-bearing depois which ae withdrawals upon presentation ofan accomplished withdrawal sip together with the passbook. These are subdivided int savings deposits of private fms, inividuas, banks, he goveerment and Wust department of banks “Time Deposits - these represent depots which ae intrest bearing with specific maturity dates and evidenced by cerficates issued bythe bank nthe name ofthe depositor. These are subdivided into time deposits of private frm, iniduas, banks, the goveroment and Lust department of banks PUBLIC FINANCE Deficit shortfal/dfcency of revenues over expenditures ofthe government. Grants - al non-epayable transfers received trom other levels of government or fom private Individual, or institutions including reparations and gifts ven for panicular projets or programs, or for general budeet suppor. "Non-Tax Revenue -revenue collected from source other than compulsory tax levies. Includes those colete in exchange for det services rendered by fovernment agencies tothe pubic, or thos rising fom the goveramentsrgulatory and investment acts. Revenue - cash inflow which doesnot increase the lability of he government.