菲律宾报告：2023年第二季度建筑市场季度更新

PHILIPPINEREPORT CONSTRUCTION MARKETQUARTERLY UPDATE TABLE OF CONTENTS MARKET SUMMARYThe Philippine Economy2Foreign Direct Investments3Philippine Construction4CONSTRUCTION MARKET ACTIVITYConstrcution Market6Activity CycleCOMMODITY PRICE TRENDSMetal Prices7Steel Reinforcements7Crude Oil Prices7MATERIAL PRICE TRENDSRetail Price Index8Currency Exchange Rates8CONSTRUCTION PRICES9PROFESSIONAL SERVICES11 MARKET SUMMARYTHE PHILIPPINE ECONOMY MARKET SUMMARYFOREIGN DIRECT INVESTMENTS Committed FI Reached P173.61B inQ4 2022 Philippine Economy Grows by7.2% in Q4 2022 PHILIPPINES IN FIGURES Total foreign investments (FI) approved in the fourthquarter of 2022 amounting to PhP 173.61 billion washigher by compared with reported in the same quarterof2021.These investments were pledges from thesixInvestment Promotion Agencies(IPAs),namely:Authority of the Freeport Area of Bataan (AFAB), BoardofInvestments(BOI),BOI-Bangsamoro AutonomousRegionin Muslim Mindanao(BOI-BARMM),ClarkDevelopment Corporation (CDC), Philippine EconomicZone Authority (PEZA), and Subic Bay MetropolitanAuthority(SBMA).No foreign investment approvalswere reported from Cagayan Economic Zone Authority(CEZA), Poro Point Management Corporation (PPMC),andTourism Infrastructure and Enterprise ZoneAuthority (TIEZA). The Philippine Gross Domestic Product (GDP) posted agrowth of 7.2 percent in the fourth quarter of 2022. Wholesale and Retail Trade, Repair of Motor VehiclesandMotorcycles,Financial and Insurance Activitieswere the main contributors of growth for the quarter. Amongthe major economic sectors,Agriculture,Forestry and Fishing, Industry and Services all postedpositive growths in the fourth quarter of 2022 with 2.2percent, 5.8 percent, and 9.1 percent, respectively. Onthe demand side,Household Final ConsumptionExpenditure (HFCE) grew by 8.0 percent in the fourthquarter of 2022. The top three prospective investing countries for thefourth quarter of 2022 are Singapore, Japan and UnitedKingdom. Pledges from Singapore reached PhP 111.47billion or 64.2 percent of the total FI during the quarterwhile Japan and United Kingdom committed PhP 37.41billion and PhP 10.22 billion, or 21.5 percent and 5.9percent of the total approved FI, respectively. NetPrimary Income(NPI)grew by 94.6 percentbringing the Gross National Income (GNI) to grow by10.5 percent for the fourth quarter of 2022. Informationand Communication bested all otherindustries as it stands to receive PhP 114.29 billion or 65.8percent of the total FI pledges. Real Estate Activitiescame in second with investment commitments valuedat PhP 35.57 billion or 20.5 percent share, followed byManufacturing with PhP 19.3 billion or 11.1 percent FIcontribution. The biggest approved foreign investments in the fourthquarter of 2022, amounting to PhP 101.36 billion or58.4 percent, would be intended to finance projectsclassified as “Nationwide” or situated in various regionsof the country. This was followed by Ilocos Region withPhP 32.66 billion or 18.8 percent, CALABARZON withPhP 30.71 billion or 17.7 percent and Central Luzon withPhP 5.7 billion or 3.3 percent. Total amount of projects by foreign and Filipino investorsin the fourth quarter of 2022 are expected to generate37,766 jobs. Out of the total anticipated employmentfor the period, approved projects with foreign interestwere projected to generate 23,364 employment basedon the reports of IPAs. MARKET SUMMARYPHILIPPINE CONSTRUCTION MARKET SUMMARYPHILIPPINE CONSTRUCTION GROSS VALUE ADDED INCONSTRUCTION Q1 2020 - Q4 2022 at Constant2018 Prices, in Percentage Gross Value Added (GVA)refers to the totalpaymentto factors of production,namely:wages,interest,profits and rents.It alsoincludescapitalconsumptionallowanceandindirect taxes.It is also estimated bydeducting from gross value of output the sumof non-factor cost such as raw materials andsupplies,containers and packing materials,fuel,advertising and other non-industrialoverhead cost. RegionIV-A(CALABARZON)continued to lead thelist of the top five regions with the highest number ofconstruction projects during the fourth quarter of 2022.The region recorded 9,069 construction projects or 24.3percent of the total. Region VII (Central Visayas) rankedsecond with 4,235 projects or 11.3 percent of the total. the total, while Region I (Ilocos Region) and Region XI(Davao Region) occupied the fourth and fifth spots with3,277 projects or 8.78 percent of the total and 2,894projects or 7.75 percent of the total, respectively. Construction Industry Grows by 6.3% The construction projects for the reference period wereequivalent to 8.43 million square meters of space andwere valued at P98.23 billion. percent from 17.0 percent of during the fourth quarterof 2022. Meanwhile, Public Construction decreased by6.3 percent. TheConstruction industry grew by 6.3 percent inthe foruth quarter of 2022. The growth continues toincrease driven by the Private Construction. RegionIII(Central Luzon)ranked third with 4,058