Construction posts highest growth in Davao region's industry sector
By Mai Gevera
Davao City (6 August) -- A notable boom in government infrastructure projects and private construction caused a 19.6 percent growth in the construction sector for year 2009.
The National Statistical Coordination Board XI released yesterday the study results on the performance of the Davao Region economy.
NSCB regional head Estrella Turingan bared that construction grew by 19.6 percent in 2009 from 5.5 percent in 2008 because of the massive implementation of government infrastructure projects along with the boom of private construction.
It was noted that construction posted the biggest contribution to GRDP growth, boosting the entire industry sector.
In 2009, the industry sector accounting for 34.4 percent of the region's economy posted a hefty performance as it registered a 10.2 percent from 2008's 5.4 percent.
The NSCB also noted a growth on electricity and water, from 4.0 percent in 2008 to 5.1 percent in 2009. This was believed to have brought about by the increase in sales of electricity distribution.
The year 2009 also proved to be good for mining and quarrying as it rebounded from a negative mark in 2008 to a 3 percent growth the following year. Such growth was attributed to the better performance in the region's gold production.
However, a slow growth in manufacturing was noted in 2009. From 8.1 percent in 2008, it slumped back to 7.1 percent in 2009. NSCB attributed it to the stable performance of food and beverage manufacturing in the region.
NSCB follows the GRDP measured of goods and services produced in each of the geo-political regions.
The GRDP which provides for an analysis of the regional distribution of the country's GDP and the pace of the movement of these economies is compiled on an annual basis by the NSCB. (PIA XI) [top]