PSA rolling out annual business and industry survey

The Philippine Statistics Authority has commenced the 2022 Annual Survey of Philippine Business and Industry (ASPBI), with the distribution and collection period starting lasting from April 25 to July 31.

The PSA will survey a total of seventy-eight (78) establishments for this year’s ASPBI, with the said establishments given the choice to accomplish the survey through a physical questionnaire or through online means.

According to the PSA, the survey is meant to generate statistics for economic planning and analysis, specifically on the levels, structure, performance, and trends of economic activities of the formal sector of the country’s economy.

The PSA added that the ASPBI aims to collect and  generate detailed information on employment, revenue, expenses, inventories, tangible fixed assets, intangible assets, and total assets of the establishments; generate estimates for other economic  indicators such as value-added, average compensation and other indicators which are necessary to evaluate the performance of industries at the national and regional levels; generate statistics for micro, small and medium establishments (MSME) where identification of MSME is based on total  employment; and gather pertinent information for the updating of the sampling frame of establishment-based surveys.

The PSA, through […], assures its respondents that all information collected from them shall be kept strictly confidential in keeping with the Philippine Statistical Act of 2013 (Republic Act 10625), which stipulates that individual data furnished by the respondent to statistical inquiries, surveys, and censuses of the PSA shall be considered as privileged information and such shall be inadmissible as evidence in any proceeding.

It added that the data gathered would be summarized or tabulated, leaving no reference to an individual, corporation, association, partnership, institution, or business enterprise.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: