ECONOMIC INDICATORS January 2016 REPUBLIC OF THE PHILIPPINES PHILIPPINE STATISTICS AUTHORITY‘The Economic Indicators iss monthypubleation prepare the PPP STATISTICS AUTHORITY (P54). for technical ngs pene ect als a (62) 4526600. 838 he PA reserests acsve right to reproduce lis publations whatever for «Any pa ofthis publication shoul not be reproduced, ‘exope, eto repachaged leet parties or any commercial purposes without witen permission (om the PSA. Any pao thspubcaton may ony be epruced for intemal oe of he ecipent/ustmercarpany «shuld ay portion othe data this pubeaton be indude ina report, the tea the pblation andthe PSA 25 pubsher soul be ced ashe sure of the dt Any nfrmaton devs forthe rocerungot asta contaiadin thi plton i at be the esposy of PSA a A rinks bythe ‘ Pen GVEA ling ‘Quezon Gy Prieines ack ses of ths pubation in printed and econ formats (2xceiWora/POF in coRom) ae avlable or purehase. For decals, pease contac us a (652 462-5600 foe £39 Fa nvopSa gO,REPUBLIC OF THE PHILIPPINES HIS EXCELLENCY PRESIDENT BENIGNO SIMEON C. AQUINO Ill “Ss” ©. «PHILIPPINE STATISTICS AUTHORITY LISA GRACE 5. BERSALES are SERS JOSIE B. PEREZ Deputy National StatstionFOREWORD The monthly Economic Indicators sa cegular publication of the Philippine Statistics Authority (PSA. It presents the latest avalable monthly statistical indicators of the levels and trends ofthe country's economic ativities and performance. These indicators have been carefully identified tomeet the varying needs of policy-makers, decision-makers and other researchers for more relevant data ‘To guide data users towards a more meaningful analysis of economic behavior and events, the indicators are presented in a moving thirteen-month time series..\n addition, the Summary Tables ofthe National Aecounts of the Philppines: First Quarter 2013 to Fourth Quarter 2015 are included as special feature for this issue. os. We gratefully acknowledge the sustained support and contribution ofthe various source agencies for providing the PSA with the necessary data inputs.» The. regulir;,and timely eleasé,.of, this.-publiation depends greatly. “on the goodwill of the following cooperating agencies/organizations 1. Bangko Sentral ng Pinas 9. Land Transportation Office 2. Buréau of Latior and Employment Statistics 40. ght Rail Tansit authority 3. Bureau of Treasury AL Metrostar Express 44, Chamber of Automotive Manufacturers ofthe Philippines 12. Mines and Geo-Sciences Bureau 5. Gill Aviation Authority of the Philippines 413. National Conciliation and Mediation Board 6 Department of nergy 14, Philippine Overseas Employment Administration 7. Department of Tourism 15,_ Philippine Stock Exchange Incorporated 8. Forest Management Bureau be trac A. Aerob USA GRACES, BERSALES atonal ttetionSUMMARY OF MAJOR INDICATORS. 2 oo Comat wet SPECIAL FEATURE , ‘Summary Tals of Teal Approved Foreign eset: eset romotin agorey “Fee Quarer 2014 fo Tes Gua 2038 ‘A: PRODUCTION AND CONSUMPTION 2 Loe! rds offre and mnea pads Indo of a of ret of ey manufotrig sriereesty mausby Irsot f wume fresno aymanuteturng steps oy ouaty ‘orate venice sles TABLE OF CONTENTS x a (6. TRANSPORTATION AND TOURISM Flom ana 2 Moto Ra Trarepet oectany 3. Notre rgitatan by enesston 4 Domest ar tanspon Vator rivals by county of eience 3. tose cnenge rate cos othe paso 4 Saar romuaras cf evraas Fn workers 5 Exe ade Tol wave of mchande import 9p 908 7. Tol vo o! pers by coy etn 8. Tad vatea! hectare ors Tea vate ot egos by corey of esraon eweLomment sre natens 2 Aen ios os EEERLLLLEF prices 6 MONEY AND BAMKNG Feed itaton ite 4 4 Bret ene labs by congestion 2. Pures power of oso Fa 2 Bra money ibis by rae | Consumer Pce nar (C) Me Papp MES ea 3 Fone atecing ous money ibis 4 CPtinte Nstors Capt Regen NCR) ea 4. Una gpreabe of epost crparatone |S tin Aca Cie atonal Capt Region AONCR) ey Groce moron exes of te Cra ark Consume Pens (2) by en 2 {6 Resenereney 17. Pot uo, eveapes, nd tabaceo NCR FS 1 ewes 18 Genera Ws Pre aor m Phipps Fa 8 Lean oy ype comme bans ‘General Wnisse Pro ex Lazon ra © Barc payment 40. General oes Pros nso Vesa Fa ‘Shares ang oncte 11 Goneral hoarse Pownce Minna Fs 12, Reta Pree aor RP) 9 NCR FSH PUBLICRINANCE see 1. RPVof lec censors NCR Fs 1 Nana govereent outstanding debt * “4 Wot toned concen mtrien NOR FS 2) Natonal goverment et soe Ly 1 1S Praduare Pre Inder FPN fo manuaciing Windy 8 4 National govermenteaeh operons : (GLOSSARY OF TERMS, ‘Stanara symbols use inthe puiieaton: ‘symbole Meaning > Pein + Leet natn nt empojesNOTES ON THE MONTHLY INDICATORS ‘SUMMARY OF MAJOR INDICATORS PART 8. SALES Soles of automotive vehicle sales ate compiled by the Chamber of Under Section A (Monthly levels), appears 2 it of principal economic Automotive Manufacturers of the Philippines, Inc. These ata reflect the Indicators selected from the diferent sections of this publeston. For volume automotive vehicles sld ona month bass each ofthese indicators, the latest figure reported is compared with the preceding month's report and aio with the coresponding report forthe fame month ofthe preceding calendar yer. The changes are expressed PART C. TRANSPORTATION AND TOURISM. Increases (or decreases over the later iures. ‘ «statistics are pronided by the Phippine Ports Authonty “ wre tas 4-5. "Alo included i this section is 2 summary of monthly visitor actuals PART A, PRODUCTION AND CONSUMPTION - «= by country of residence, which 's derived tram the Atval/Departure cards ‘The monthly data on electric energy productions and consumption, by ofthe Department of Tourism. sectors and bate data on petroleum consumption by type a by instey ‘are supplied by the Department of Energy. Data on foal production of forest products are generated by the Forest Management Bureau, Osta PART D. EXTERNALSECTOR ‘on mineral products, on the ether hand, re generated by the Mines and ‘The value and quantity data appearing in this section represent and Philippine Cement Manufacturers Corporation. transactions during the specified month. Cumulative levels can be derived by adding successive monthy figures inthe sees. Some of the data are ‘The indices of value and volume of production of key manufacturing obtained fram the Bangho Sentral ng Plpinas (0S), and therefore the ‘emerprizes are devived from the Monthy Integrated Survey of Selected tes on items, limitations, and coverage of data are found inthe GSP Industries (MSS), which i being undertaken by the Philippine Statistics Staite! Buletin. Data onthe value of merchandte imports and exports Authority (PSA), ‘1025 reported by the PSAPART, EMPLOYMENT Statstis on steke notices, and actual strikes per month are generated bythe National Conciliation and Mediation Board (NCIMB). On the other hind, data on overseas employment are provided by the Philippine ‘Overseas Employment Administration (POEAY. PART. PRICES ‘Data on prices of agricultural commodities are collected by the PSA, Various price indices, which the agcncy ruck, are also presented in this section. These are the consumer Brie, Index, rata price inde, general wholesale price ifidex, and whalesae pice index of construction ‘materials. The inflaton rats an the purchasing power of peso, which are computed based on the consumer rice index, likewise appear inthis, section.” On the other hand, data on world prices on selected ‘commodities are provided bythe BSP. PART.G, MONEY AND BANKING ‘All gues are cumulative levels recorded atthe end ofeach month The monthly inerement, as a measure of actity within a specie month, Istheretore the dilference between two svecestve figures in the series Osta on money and banking are obtained frm the BSP while data on shares and stocks are sourced from Pilppine Stock Exchange, In PART H. PUBLIC FINANCE “The collections data ofthe Bureau of Customs (G0C) refer to amounts collected during the indicated months ony. Cumulative levels can be derived by adaing @ numberof successive figures. ‘The BSP data on internal debt are reported as outstanding levels as of the end of each month. The diference between two successive figures represents the increments of change in level during a specie month Data on the cash operations ofthe National Goverament ae supple, by the Bureau of Treasury The fgures epreset transactions made dung theingisted months on lean wea &SUMMARY OF MAJOR INDICATORS Tea Fisceang — Pecant NoIcaToR, Mont Mont Change {LRT Gress reverue coecon tine (nin poses) pugs 253 030) 2 Vator anita Prtpones Devzors — ssagn ser 2 Say ortarces of onereea apne worere ‘rn SS) Novos aime 2ames (ham) Novo 2an7 34 4 Total mechanic go (0.8. mln USS) Deczais sssese aaa 14092 201 5 Toa meta expors (0.8, ml USS) Doctors: seins eto” tard e238 16. consume pre en2006-100) Altes . ‘Ppp wane |) 48 sos 021 tems os a1 3 Nato Capt! Regan NCR) San206 =" 0 m2 ass) Semis © snr dae eas ete Non! Capa! Ragan (AONCR) Sanz 63 woe 3 Wms ee 7. wees pc nde inthe Pipes ‘ae Deczors..) at mas 125 Deez mae) |. Wns price ndoin Luzon ‘seme Decaos |. 040 mas 5H beczoe 2am a) 2 Wnts pce ndoxin seas ‘xine Decsns aa aus om Deczoe 2104300 10 viatesate pce index Mndenso ‘thee Deczes 8s ama 02H Decree 2077088) 1 rosemoney (itlonF (SAF-Sosed) Deczois ssosas — goizese 402 Deczoi4 77oas2t 826SumMARY OF WALOR NOICATORS Tt ear re Faced Prete Yara InovcaToR Paced et raced Prog: Change “dancee a L a a is "LURT Geereensecalconsne nien ges) ny 2008 donaupatte tam rou ome 2. Valera Pe Pipe anoe20%s S96nser mower gma fost dat 4. Saoirse Figo wears ‘menos steor20 226002 dontowe —2m12, aay ase ‘arene ps 08 mii US) “hows 626082 ImoserM ssamea a) Taal mene eee 08 mien US) shenor205 S04544 Janowezoe eno 3a] ONE aa {6 Chae ond ney ton SAF Beet) sinDe205 214912 unos. 7. 2 Nal genre hopes rien?) Saeeae Jovoecamis 104544) Jonowczotd tsuese7 303 gohan Scene Sovbecanis YeertenJnoseaonataonano ose gone tetSPECIAL FEATURE "ABLE. GHOSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY EXPENDITURE SHARES Si Quarter 20130 th Quntr205 maorps) "mc oF senor use aoe ee) | a se pee siginses 2069519 2002 tamas7 rasa 22NGnI2 LaETAI ZsNADL ZENS ZELEO 2HOSIE 27H pee zassus sant annost2ara0a 300365 7G MULAN eR Na 5965508 38.76, 2.optalfomaton ‘ties aeso1 -einass 7ioass Gale Gmaass Gham TI Seem gan aM ALE ‘camel Sconce Seszoe Srasat Geyanl 45006 Genres GAROIB GTLSMD GeatT. TogsSE T4200 NaS ‘eaoaotin Seeise raves aoura? grea © Sess noa) Skoos BLN) Sao 4863 ae 8A 2 ovate trent forse. tonsis, 965i? a57ass ryan zanaoz Guage? "est aensee unyao sant 315205 S sesre sta + water 7 set 905. 33308 955 eas anaes ams em m2 man aon «Sele rope mee gram oa “gn sais | “au10 Mais aw ines aoe SOngeininetares say oan) anaey ase | aasy. 791) oars eaon) ons aa anos ‘Sear pss bast seas 77951 S107 | a5. senna Sea ores) enon i ips af Gods Gans lem. Gleam Sansco Senseo Senne Sa Sam Gono soa eipnsat sane Siuay Tosa asus 2.2m satsi9 32606 ena sae Sam sam Ssh mga fas sso vonage Suess asgzne Seca 7901s 2ocsea8 oors 1210327 apes ‘mgood Shoat sea atin n9ma ease se Moore “miss “ses? "ounans Tarao ingore Seer Seon frau 210as6 name 23h 203216 Bion Meet Mena Goes deta stata estoaey feoase) zee “aast“anom angen) Dee) Mars pans) ar BONN (HSH ross oowesne RopUct 2esssto 2asign aves AMese2 Zama 320.887 480 son.867 san1s76 aus.2n s7ean27 net Par come SAM. says GERD SASL T0967 SEEDY coon ons espe eon Teen cross arioNL NCO pujnn0_sasnaes masgast sonions sssoats 3810585 says 3703 pansies“etquarter 2013 th Quarter 215. (maton pes “Tm oreerevomune a o@ @ a) im @ @ ae) a @ oo ‘genre rom unas Lema Lamse asses az anam emake ams Lee Lume A828 ‘iene rages nagais 17731 has aos 2362688 mrapoe 95352 ime 2.2aptFermaton Breen eae deraos, acta 360527 aes Ganees dena saeco Sau2ee ‘reese Sensss 39610381659 300977 sTSro1 zee TRIS Bim tae sia “omcton MOMS 262 kes Assess 872 donee? 157516 190795. sessr2 200008 2 ours ovement Babee IS) ease ets 200163 AKRON Bae Poa, Resse 2986 ‘Octud er mm nse. st man 26306. a8) 80m sro ssc ms Imola rope Pode AAIO "62 SAR ASD BTM Ry 3 hoe 7508 1st Changs nets Saas agg Best Tampa Geo) Bat (eas '6is6 suze po ofr sos Gens) gow Suge | Gos Tasst Pesan fees aan, Soe ears sence egoot agsei ano Tanss2. ,teoum? 1995 ukae? gh Zosaea , oGa3e ogsne LTS Sissies rast Doeina fates Taw eens- Sonne) aakees tant Senlss satmees \omeael B67 sate Dace ans “tee "30m Gey 9am Gee) Ga “same ase. aes awe aL oss oomesrcmnooucr sma MTSE LeAsA6? anon eNOS Lam LIAS Asse ELE Asse aaNBOM 2osta0. oss nariona cone 19384203800 Lsos4me ABM? 2055179 23MKAST_LOTSABS 2sN4519 Z1e,100 ZANE 239K ATAeo Eo] ‘pee a 6s west apa tomaon on en (8s ay ay 2 borate amest Ce 7 roarabeve os. 306s, ‘tapos 26 46 suo 8M pon oserces : pr (m2 be | Re) sas ‘Nigar of onde ey '36 ookUnperet a eta farion ae ua Ra Fase As se nmin By sodaae gage ea) SANSA BE Mea we Sg Poonletgurmene ae Nee een ge Peet ew t 2 Oera bert ow dessa Om scan ‘naleele| ope Pace ae Se a % ‘bons ef RS C92 Go mr eSquater 2033 wat Quarter 2015 wore ors 61608159359 07580 THAD OAH S568 EE AMIN HAND KI GI Nae dry Monee aman lays auiae Moe antsy fatany samt sae nyssn iagyan gn 2unguste secon ssa sensi suns Gonsa7 sor ears? sam asneak soeane som Sonus en ‘i. Wecity, Gas and Water Sunply << % SLO. SKIS?’ 6LODR. S519 SLIT. - SOATS- 6A7O5 aa? SAID —GLSIT.' 67MM S729 2 server stcran Se emg SEPSRO- A917 . 5BR27E. LENKA Lom705 —LAELITD 980382 LANB4NE LAMROKG LARETAS ‘anon, stage Commancaton "20354 134783 NON 18736 "124949 - tone 2894, HARSES HOR 1Sh3Ge ASHP seas oso Penosl Btouehadanés —-24N608 270209 sio28s 254787 za7s56 zoe suo2eh, abet sogg1s TAO. ssA2H0 * aaalinacston Hans iaaaso Gidane agen asso ngc00 ams ag “sans67 unas aogse bear Dees amour ec eee) san iso” 9m ease shsse zie Tos Te amas Taser aa ‘oer serce sors Ass adkaap 99702 rvgaad mar asuan2 angst att zone nas 090 toss oomesre pour smzo17 A77SM S467 LANSOu semists AARDAND 1755355 sosaee L7Eee AoM4ee E9006 2AsDAN ema come a7317 S85 rogHD ATS aUsTe eka ASRSDR RASS INLET PNRM EID HOE(inpocent mone ea) 67 es yas sk saree fey Ga) ea) ea) teeta eine ey 33 Sa og ae amas 22 mousy secron 442 en ese sake ening rine a6 ais) sas so aa Sos ae = 0 ttt ‘ ae ay hay aR as “Cece asd water Sep Gs San ee ee rade api ait vai a Noterees Posen Eiaucrodsaeds ggg gg gyn ask eon Sa ety Ce so un ayn sae{ABLEA. GROSS NATIONAL INCOME AND GROSS DOMESTIC PRODUCT BY INDUSTRIAL OMGIN Seduarer 2033 0 atmauarer 2035, (epocent sme a @ oa) ao @ oe 2. cit HUIS FORESTRY sorine rr {Aosta feet 3a) er kkk Satine ey eo 2 a) pn ask "ating caring @y coy oa Sk oa = arf = eon) as Geo 2 Stet coset Spy Sisk) es aes ‘Tresor Serge BCommuiaton 3B aa hea ete Reine ies tren Stl Sty mo ak sa)|A. PRODUCTION ANO CONSUMPTION = ——- =e =o capes! See ee ee ee ia Ej eee ees ies tom ee Ee oot. Sac Sama ms? 48 736 aed asa, “Sam m2 205 eS) Bs ‘phemoretnrn Se Ma uote ma oak ate mi ona ~ Bo Fe Minto oom eo aes wae ca) amg Perr|ALPRODUCTION ANO CONSUMPTION enced) ur moo Fs a Boe es FS 1. Aasmatevoie Se rr ne ee ee ee ert Yano nies sym ams 458690 ome ua mas mas aoe{CTRANSPORTATION AND TOURS ‘noenon =e oa = Meta eS 8 8 8 8 2 8 sf & 8 8 woTRANSPORTATION AND TOURS nina ff = = = el ee ee & a aCTRANSPORTATION AND TOURS amie peso =a = = = Ca scene sean sain suarrne assim came masarst mate maser smenr sears es Barkers. ccs gauze mst amt see sma mex mat ses ngs agaaed vag zie aay mam tama ot ams masTRANSPORTATION AND TOURS anda es = a =e =©. EXTERNAL secToR 2 Rican eng aos som su 40 sa soe es es eas aoe ew “Bae 20) 2emaceo inte) (nrawrantctcn cory) eae Sa saimowenl So ae aah Bar ASE ism ata Shaw sie ake oa eSoar aioe anise neg aha stser azest asus s2est an sam atse omy anaes a tte Pee 500= a 3 co ae set tego imei gee ini aot ame tags mt ie Dis ‘nana 0.8 mons cane sess sone samy anes ame suse suns 4am sins sumno uo0 santa Storrs) ES Be ae >see saed same suns 703 ami as gms} cake esmdd coms ates ame slnestse wi) es) 2s ea) sod 518% coma aaina) sen irra) _ams_asa,. EXTERNALSECTOR fominued) == ne a5 Ee ‘yet yess rot nmiion G3) Samus 52508 suns 47mz 42521 S184 6.857 61757 GISKD 65RD GOO 40S eaeas vmacyeb eee Boo oe esos rr pace! So BRR se se eo Roh dhcdp og Qecuh wot ee 5 Sacer : Re eee aceon : ee ROS OR oo oes a ee EN ee et eee ee eae et ees rs es ces ess es es rc eet eeaE a sso1t08 — a m= se|_tos "Se tenenitcn qetantss see sy08 sams m2 sam Gus7 Gassa smo Gos as seas Petra make hi Baa: yee ME we fee Mien Sheer ime es tse fas ne “ebeape mace Pa at ye ‘papesnapnict Chan basa ane. cir mee rine se toes ass Soon Moss? mis smo agree ae amee sank cas autnn ten ina fy Sinem Bea Ss Sos tis Se sas ed SaeaeWoe maorussh sae ames Soma aaaey aumy sine quae seats {Sodinoe "a 3S on moe toe aout wari Beas ats‘moon — ae =. eciman(fonmnmouss) 43568 sme saus sims 4u Sao auea stance Sateen m0 es 3 Gh oe ae am 5 me aoa fein same swe. ~ so” Ed aie is aoe meso bem mp) os oo. ou SohepcsSomacec te. a f cree sa stet one ss wos and oe watt gam ‘Scorer ona me mat sma aa whee game Sct wa? wis wth? wis aa sone ie iee sa is 9 sa oom taseTea“ la | a] Caen eg erro 2 umes uso te Serety 5 Orie Danoaton ‘eros fant 5 Stumedontaed to SIA Caeser bang 1 rnrmate Cie Ops) 2 noe radton yh Secety cantestorcanpuisy ataton 4 oe ose isan Frsonston toate -.Baaee 2 e eeeme ese reeveetiam sce tiercottete ame eee ee JSeterimeermestaares Ay a —— ne ieee 28 ests ane matinee an wisF-PRICE contin ses OTT eee & 2 = aes & i = —— a =PRICES cote) eng NE sean usr wea was 100 ae ies es ips ie. ate ama yee fea aan ins a se ane (jamie oda os ino far ar 30) 0 [shot fed ass imo imo ims oe (cha ns 3s03 Mes isa ise ioe (rivets oa. am? saa iso. $02 ime Sea Ney, chat adant wet as es ince ese? {shfeespstc Mo aeee Sis tes dine aPRICES (omic) BE Reane [is smorrto8 Fee ge ag gg ese” [a Genera pce nf intean ‘ioe ane, "ane Tans i ot Soa. Pb tind ams- 6s 08 an a p ee Belin os Sir aa ag, an ama ar Legg ae ee toa. aaa ant fa) ial imo mass Bs, ats amt etyermaaiePRICES (omneg) = ree — oe = ee ee el cna [eesti Bo Bi 2 2; Rl mr mom me vm < eee armed J sch : a ema tumble ta Shen amr aphasia ethan ao ‘ito mie seo ps8 aS. Gay A Hae Cone lene 8 Sh nea “gd LAH srs a seins Eaten an -0) 3 ‘ ‘ £1 SIE Sonate fia eis 339 cima wats nee abe Dame ane Seed 0 Sewage fia at nee ane aoecicas spe eet ceed at lat Sose set ccimt Cimescias” wos Seance mas tas 1 Ee aa ae tes se 2 ae Sistas pe aaa stata sae eh as 7a? a? FasPRICES continued) ae ae ey ig oa ae ea ate on 2050) en a ee comer mae ia St iste ute st tssa dao eto es a crosman Sea ies tas oan eay ets lets terrae eases nen 80 . Seat a > ins fs) Tota oot dato me eet Ey ws ie me me me oom miro cant ca joa ea oes eset hme pes ins fea fae feat nag ints7a ie [a swoenron a a ‘oie [i 1 rede jaa Ses 383s Bsa er es vane speed ama mins seis 1 ng apr kes Bh me chu he Biss Creampie og dane Ban moo “tas mes “ued too ininaermpievodies 79 ig, tele Ma isa ane Bo ame ers, _smtamennemmeneaes. nn feats dn ios. 108 32 tee dees! 2 tcp neai: a ta dna, cima fa sine uma. eee ee ims ime mas ima ama ams ams iar ims ins Letamangmee, ote je dyin imeem ins ima. ins ams ima L"theteconestpetes 7 tee act es ma hee tor ws amy" = Mc se ‘oe i ie ae? Sora ioce tora ts cans= = : cena TP aoe CR Cee gaara mae ame ae re oe ee ee eee ieee Sp ASS HES RE SE Ee Se EO6. MoU, SRN ANO NVESTENTS avn) i hie esgrene ia tyeMoney, stan AN MVESTENTS nt] a EI aa a inane aan Mae vost anaet« Sipdees® atom Se tan: Sista Bap ssf semi tbaeg es ons sar trea pint ty saerpreig6: MONEY, BING AO NVESMENTS ened if) Re = = = ==MONEY, SIRING AND VESTIENT ane) GIR amis Sane, ane Rae RES perae teswr : — _s insras Sse © So Lee ees Ve.PUBLCRINANCE (once) E a are se havens usa ela nse SasaGlossary of Terms PRODUCTION AND CONSUMPTION Value of Production Index (VAPI) ~ is defined asthe monthly change of production values in selected manufacturing enterprises. It is used forthe analyse of production rend the manufacturing sector. Volume of Production Index (OPI) ~is derive by dividing the Vale of Production Index (VAPI) by the Producer's Price index (PP), with 1992 a the base year. The inden isa measure of change nthe volume of manufacturing reduction. TRANSPORTATION AND TOURISM ss Country of Residence —consistsofthe.countrywhere-she/he has ved foemostothe pstyear(12-months), oF fra shorter perio she/he intends. return within 12 month tlie ther, ese: eu Oeeupaney Rate ~ refers tothe proportion the woomsor bed placesina:collectve tourism establishment that is eccupled over some period of time; ‘such 6a night, month or year ~ ‘stor Arrivals~ includes tourist excursions, aliens entering the-country fore-temporary stay:not ‘exceeding one year and for purposes other-than 2 ies immigration, permanent residence or employment for remuneration inthe county ane Filpino nationals residing permanently abroad on temporary stay J soEnr = the Pilppines not exceeding one year Ths excludes the following 2} transit vistors and change-plan passengers who remain in he premises ofthe SSiznsss port ef entry tenminalb lens with pré-eranged employment for remuneration inthe Philp, even f length of tay i xs than 59 Gays Flings living abroad, regardless of length of stay overseas who te not permanent residents abroad, d) immigrants or alen with permanent cesidence inthe Philippines) Flpino overseas contact workers on hore vss; nd) etuning residents ofthe Pippnes ‘cross Exchange Rate ofthe Peso ~ refers tothe exchange rate ofthe peso with foreign currencies other than the intervention currency. tis computed by ‘multiphing the US. dollar equivalent of ane uni of foreign currency with the peso equivalent of one U.S, dolar ‘Nominal Effective Exchange Rate index ofthe Peso (NEER!) — weighted average exchange rate ofthe peso vis visa basket of foreign currencies such 2, the US, dolla, the Japanese yen, the Oeutche mark andthe British pound, unadustd fr the effects of nlation. This computed ae the summation of the percentage change inthe peso cross rates with respect to each currency in the basket multiplied by the coeesponding county welght. The ndvidual country weights ee calculated from thei total trade shares, i, export pis imports.Real Effective Exchange Rate index of the Peso (REERI) ~is the NEFRI ofthe peso adjusted for inflation rate difleretas with the counties whose ‘currencies comprise the NEER basket. This is simply the peso's NEER| mulpied bythe ratio ofthe domestic price index to the weighted pric index of ‘the countries whose cuencies comprise the NEERI basket Balance of Trade the flerence between the export earings and impor payments of allgoods or merchandise trade transacted by # county. txpor -ll goods leaving the country which ae property lared through the Customs Import -all goods entering any ofthe seaports or airports of entry of the Phippines propery cleared through the Customs or remaining under Customs contol, whether the gnods ae for direct consumption, fr merchanting, for warehousing or for further processing, wpvovneent «Actual Ske any temporary stoppage of work by the concerted action ofthe employees as 4. result ofan industrial or labor dispute. This may Wide." pes salon do, bye eon, ee, tert todo, esto sae ln eguipmen an faces and en ates anand Workers contact wore ote he seaman incaig workers engopedn offshore cites whoteocipation regres that mary of Nis woring/gsnul hours ate spent on and “ots '= Man Bays Lost total numberof mandy lost dle tostrkesortozkouts declared. tis compted by thuliying the fiber of workers voles tem a°% ™~-280 3°" Sar ake loeb the total numberof werking ays lst or made il due tothe sre/acout” SF ee eae Notice of Stike - the notification filed by a duly registered labor union with the appropriate NCMB reson branch about Its intention to go on stike because of alleged commission bythe employe of unfalabor practice at/ or because of deadockin collective bargaining negotiations ‘Overseas Flipine Worker (OFW) ~ 2 Figino worker whois tobe engaged, i engaged, oF has been engaged ina remunerated activity In a county of which he/she sna algal resident, Sea-Based Worker ~ any person employed ina vessel engaged in maritime ravigation. Alo called a seaman. Strike ~ any temporary stoppage of work by the concerted action of the employees asa result ofan industri or labor dispute, Includes actual tke {with or without notice) fled at appropriate NCMB regional branches“Consume Price tndex (CP) -measure ofthe average changes inthe retail pies of 2 ied basket of goods and services usually purchased by households {or thei consumption. Inflation Rate - yer-onyeat rte of change inthe average pice level a measured bythe consumer price index; refers to the percentage change in CPL {oma partcuiar month lst yar to same month nthe current yar. Producer's Price Index (PP) measure ofthe changes in the producer’ pies (explant) of key commedties produced by the manufacturing sector seasure ofthe changes inthe pices received by farmers fr agricltral products Retail rice tnd (Rt) measure ofthe changes ofthe prices at whith ears dspose oftheir goods to consumers andendixers™ <= 748 Wholesale Price Index {PH ~measure ofthe changes in thesprice level of commeditis thab flow into the wholesale trade ftermediaries: commodities srrrreedinbalieehutherresalcorprocesshg, fo rectecrsect sn ke seen eta na maaan peace an [MONEY AND BANKING : Balance of Payments (209) systematically summarizes for specific tid; the econémic transaction of an econoiny’s resents with the est ofthe word 7 wenanet : 7 mS capita Account ~ coves al transactions that involve the receipt/payment of capital transfers and acuiston/dsposl of non produced, now inact Deposit Substitutes on eternative form of obtaining funds from the public, other than deposits, trough the issuance, endorsement, of acceptance of debtinstruments forthe borrowers own account, for the purpose of redending or purchasing of recevables andthe oligos Domestic Lauidity (M3) - consists of money supply, savings and ime deposits and deposit substitutes ofthe monetary system Government Secures or Treasury Bie bil isued by the Burezu of Treasury as agent of the government Gross International Reserves of the Central Bank ~ Gross Reserves canst of holdings of gold, spcil drawing rights (SR) foreign investments, and foreign exchange, including eserve position inthe Fund‘money Su Jy or Narrow Money (Ms): conse of errency in ccuaton plus peso demand deposits Net Domestic Credits - defined under M8, Res. No. 404 dated February 14, 1975 as consisting of domestic credits ofthe Bangko Sentral ng Pinas, (et ‘of Natonal Government deposits withthe Bango Sentral ng Plipinas, Treasury IMF Account and Bangko Sentral ng Pins loans and advances to deposit money banks) and domestic credits of deposit money banks (at of National Government deposts) Non-Money Supply Deposits - refer tothe total quasi-money, marginal deposits and deposit substitutes of local government, sem-government entities and residents with deposit money banks. 1 gaat Reserve Money refers to thelisbiltes ofthe monetary authorities tough which the economy is infused with iui a os ‘Savings Deposits - these include aif interest- bearing deposits which ae withdrawate upon presentation of an accomplished withéraval slip together with Seats winethe gassbook: These are subdivided into savings deposit of private fers, niaduals/bahks, the Government and st department of bankaisw'SieeP™ yon Att stone. Time Deposis~ these represent deposiswhich are interest bearing wth speiic maturtysdates and evidenced by certifestes sued bythe bakin thew a ee saves szenamecotthe depositor. These aré subsided int time deposits af private fr invidoals banks, the goverment and trust departaent Bf banks" 78 9 Foe Pubuc NANCE c . +-gtivzp nnn Defic? shortfall deficiency of revenues over expendituresofthe\governmedit: “Enon wshines stevens fate « serine ttin oon Grants all no tepayable transfers received from other levels of government of fom private individuals risttutons including reparations andeits —* ven for particular projects or programs, or for general budget support Non-Tax Revenue - revenue collected from sources othe than compulsry ta levies, Includes those collected in exchange for rect services rendered by {tovernment agencies to the publi or those ang from the government's regulatory and investment actives, Revenue - cash inflow which doesnot increase the fablty ofthe government