Neda to include more data in Evrema-A A +A
Monday, October 21, 2013
PALO, Leyte -- The National Economic and Development Authority (Neda) seeks to include more data in the quarterly Eastern Visayas regional economic monitoring and analysis (Evrema), noting that performance of many sectors are not reported.
In a meeting Friday morning, stakeholders from various national government agencies, local government units (LGUs), and private sectors have agreed to include new indicators for economic reporting.
The data, which was published quarterly by Neda, provide a picture of the regional economy before the annual release of the Gross Regional Development Product (GRDP).
“It’s good to report the performance of many sectors and see how this would contribute to the regional economy. This is a continuing effort until we come up with a more accurate quarterly picture of the economy,” said Neda regional director Bonifacio Uy, also the acting Regional Development Council (RDC) chair.
Neda proposed at least 16 new sectors for inclusion in the quarterly report starting third quarter of 2013.
Under the macro economy sectors, the indicators are investments, exports of agri-based products, micro small and medium enterprises (MSMEs), irrigation development, farm-to-market roads, and post harvest facilities.
In the industry sector, Neda pushed for quarterly data gathering on mining production and energy consumption by type.
“We want to know the level of generated power from the Leyte Geothermal Production Field since this is one of the major power sources in the country. The Department of Energy Visayas office will be our data source,” Uy said.
In the services sector, data collection will be expanded to credit facilities, the number of cooperatives registered, employment by business process outsourcing, volume of passenger and cargo traffic, motor vehicle registration, building permits, socialized housing, and peace and order situation. These data are reported in GRDP but not in quarterly Evrema.
The data are reported in GRDP but not in quarterly Evrema.
Evrema has been publishing statistics and analysis on prices, labor and employment, revenue collection, external trade, agriculture and fishery, tourist arrivals, and receipts. Neda releases the report on the 12th week of the succeeding quarter.
The first quarter 2013 report revealed that the regional economy showed a mixed performance in the first quarter of 2013.
Total farming production dropped by 6.6 percent from January to March 2013 due to production shortfalls in crop, livestock, poultry, and fishery.
The value of new construction went down by 16 percent compared to the first quarter of 2012.
In contrast, tourist arrivals posted an increase of 66.3 percent from last year. Inbound visitors for the first three months totaled to 175,685, way higher than 105,656 in the same period last year.
The GRDP plummeted to negative 6.2 percent in 2012 from positive 2.1 percent in 2011. Eastern Visayas is the only area in the Philippines that posted a negative GRDP growth rate in 2012. (Leyte Samar Daily Express)