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Monday, October 23, 2017 | MANILA, PHILIPPINES
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   popular economics

ARE WORKERS IN THE MANUFACTURING SECTOR EARNING IN ACCORDANCE WITH THE SECTOR'S GROWTH?

THE "spillover effect" of the manufacturing sector to other industries has long been recognized by experts as a means to achieve sustained, inclusive growth. But has its growth influenced manufacturing's average daily basic pay? BusinessWorld compares the gross value added of the manufacturing sector and its average daily basic pay through the years 2002-2015.

ARE THE POOR BEARING THE BRUNT OF RISING PRICES?

INFLATION for the poorest 30% of Filipino households in the second quarter was steady from the previous three-month period, but was higher than a year ago. Fueling the increase from a year ago were faster increase s in prices of food, beverage and tobacco (FBT), as well as o f housing and repairs. A poor household's spending on FBT takes up at least 60% of its budget, so faster increases in this product group tend to accelerate overall inflation. Despite this, inflation for the poorest 30% stayed at or below the average for all households for a seventh straight quarter, or since the fourth quarter of 2015.

PER CAPITA HOUSEHOLD FINAL CONSUMPTION EXPENDITURE

(Growth rates in % at constant 2000 prices) REGIONAL SHARE OF HOUSEHOLD SPENDING, 2016

 

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