Construction output rose 56.6% to P247 billion in 2012

Categories: Uncategorized

Date Posted: 25 Jun 2014

Written by Cai U. Ordinario

 

The increase in the construction of buildings, roads and railways in the Philippines caused a 56.6-percent growth in the output of the construction industry in 2012, according to the preliminary results of the 2012 Census of Philippine Business and Industry (CPBI) released by the Philippine Statistics Authority (PSA) on Thursday.

“Data collected from the census provide information on the levels, structure, performance and trends of economic activities of the country. It also serves as benchmark information in the measurement and comparison of national and regional economic growth,” the PSA explained.

Data also showed that following the construction of buildings was the construction of roads and railways, which had an output share of 36.5 percent, or P90.3 billion, in 2012.

Other construction activities, such as electrical, plumbing and other construction installation activities, only accounted for 12.5 percent, or P30.9 billion, of the total output of the construction industry in 2012. This was followed by the construction of utility projects, which accounted for only 1.5 percent, or P3.7 billion of the total; other specialized construction activities 1.1 percent, or P2.7 billion; and other construction activities, 2.5 percent or P6.3 billion.

The PSA said the growth of the construction sector’s output was not evenly spread to all regions of the Philippines. The National Capital Region (NCR), or Metro Manila, accounted for the bulk of the output at 74.6 percent of the total.

Construction output in NCR was pegged at P184.2 billion in 2012 from only P113.55 billion in 2010. Central Visayas, the PSA said, was a far second and only accounted for 6 percent, or P14.9 billion, of the total while Calabarzon came in third with an output value of P11.4 billion, or a share of 4.6 percent. There were 901 establishments with total employment (TE) of 20 and over that are engaged in construction. This number was higher by 22.8 percent from the 734 establishments recorded in 2010.

“The growth in the number was due to 137 newly listed establishments in the 2012 List of Establishments and a shift in size classification of 30 establishments to stratum TE of 20-and-over employees,” the PSA said.

Construction of buildings recorded the most number of establishments with 321, accounting for 35.6 percent of the total. This was followed by construction of roads and railways with 260 establishments, or a 28.9-percent share to total.

The PSA said electrical, plumbing and other construction installation activities ranked third with 186 establishments, or 20.6 percent of the total count.  Firms in other construction activities such as the construction of utility projects numbered 45 establishments, or 5 percent of the total; other specialized construction activities, 33 establishments, or 3.7 percent; and all other construction activities, 56 establishments, or 6.2 percent.

Source: http://www.businessmirror.com.ph/index.php/en/news/top-news/34103-construction-output-rose-56-6-to-p247-billion-in-2012?utm_source=Arangkada+News+Clips&utm_campaign=2766cf1327-Arangkada_News_Clips_6_25_2014&utm_medium=email&utm_term=0_08e85a2ab1-2766cf1327-45556473

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