The Philippine Statistics Authority (PSA) said Wednesday that first-quarter gross domestic product (GDP) growth remained at 5.4 percent, despite revisions in several sectors.
It said, however, the gross national income (GNI) growth was revised downward to 7.2 percent from 7.5 percent. The PSA announced the revisions ahead of Thursday’s second-quarter national income accounts report.
The net primary income from the rest of the world was also adjusted downward to 22.0 percent from 24.6 percent.
Downward revisions were noted in electricity, steam, water and waste management, to 2.7 percent from 3.8 percent; financial and insurance activities, to 6.9 percent from 7.2 percent; and information and communication, to 4.7 percent from 5.6 percent.
The PSA said top upward revisions were recorded in manufacturing, to 4.3 percent from 4.1 percent; real estate and ownership of dwellings, to 3.7 percent from 3.3 percent; and professional and business services, to 5.2 percent from 5.0 percent.
The PSA said it revises GDP estimates based on an approved revision policy (PSA Board Resolution No. 1, Series of 2017-053), in line with international standard practices on national accounts revisions.
 announced that first-quarter GDP growth remained at 5.4%, though it revised GNI growth downward. Find out which sectors saw upward and downward revisions.){kind=link}