THE Philippine Statistics Authority (PSA) said it will spend P173.2 million to conduct two surveys on business and industry this year.
The PSA will spend P159.7 million for the Annual Survey of Philippine Business and Industry (ASPBI) and P13.5 million for the Quarterly Survey of Philippine Business and Industry (QSPBI).
“Starting April 17, the survey questionnaires of the 2016 ASPBI will be distributed to 30,000 establishments nationwide, while for the 2017 QSPBI, a total of 10,000 establishments will be covered,” the PSA said.
The 2016 ASPBI aims to provide planners and policy-makers in the government, as well as the private sector, with information on the levels and structure of economic activities.
The 2017 QSPBI, meanwhile, collects data on employment, compensation, value of production, total revenue, and total inventory of goods and capacity utilization by industry groups, which serve as inputs in the estimation of the quarterly national accounts.
The PSA said the QSPBI results are scheduled to be released 45 days after the reference quarter (preliminary; in the form of posting sheets).
The final results of the quarterly survey are being used as inputs to the National Accounts of the Philippines (NAP).
Also, the manuscript for publication of the 2016 ASPBI will be prepared between January 2018 and March 2019.
The PSA renewed the clearances of conduct of ASPBI and QSPBI through the Statistical Survey Review and Clearance System (SSRCS) in December 2016.
Based on the 2014 ASPBI, total employment grew by 3.8 percent to 4.12 million in 2014, from 3.97 million in 2013.
Among the sectors, manufacturing recorded the highest number of workers at 1.03 million, accounting for 25 percent of the total employment.
The Administrative and Support Service sector ranked second with 803,363 workers, or 19.5 percent share to total employment.
The Wholesale and Retail Trade, Repair of Motor Vehicles and Motorcycles sector ranked third with 461,194 workers, or 11.2 percent share of the total.