|Unit||Mil. PHP, NSA|
|Adjustments||Not Seasonally Adjusted|
|Business Confidence||2019 Q2||40.5||35.2||Index Number, NSA||Quarterly|
|Industrial Production||May 2019||146.53||133.16||Vol. Index 2000=100, NSA||Monthly|
|Change in Inventories||2019 Q1||39,091||3,753||Mil. PHP, NSA||Quarterly|
|Real Change in Inventories||2019 Q1||36,468||1,950||Mil. 2000 PHP, NSA||Quarterly|
For the Philippines, the expenditure and output approaches to GDP. Includes gross value added by industry, in current- and constant-price terms. Quarterly from 1998.
Gross domestic product refers to the value of all goods and services produced domestically; the sum of gross value added of all resident institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the values of their outputs).
Salient features of 1993 SNA
Gross Value Added (GVA)
Personal Consumption Expenditure
Government Consumption Expenditure
Gross Domestic Capital Formation
Expenditure on Gross Domestic Product
Compensation of Employees
Indirect Taxes - Subsidies
Net Operating Surplus
Gross Domestic Product
PCE - a true commodity flow approach is not feasible due to data limitations.
PCE = P + M - DS - FCF - GGCE - X - II
The updating of the Quarterly Accounts for each quarterly estimation round is limited to the immediately preceding quarter, and for the rest of the past quarters to be done only during the May round of estimates.
The above passages are quoted or paraphrased from the NSCB (National Statistical Coordination Board), a predecessor to the Philippines Statistics Authority. The PSA is the merger of four prior agencies.