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Economic Indicators: Utility sector GVA hit by low power use.
The utility sector posted lackluster performance in the first nine months as its gross value added (GVA) inched up a mere 1.2% during the review period, lower than the 5.4% increase recorded a year ago.
National Statistical Coordination Board (NSCB) figures show the inflation-adjusted GVA of electricity, gas and water at P23.06 billion as of September from last year's P22.78 billion.
GVA is the total gross value of goods produced within the sector minus the cost of intermediate inputs used in producing them.
In the third quarter alone, utility sector GVA grew by a measly 1% year on year to 7.9 billion.
The major economic activities in the …
