The Quarterly Regional Economic Situationer (QRES) is a preliminary assessment of the economic performance of Eastern Visayas for a particular quarter. It is based on a core set of selected indicators representing agriculture, industry, service and the macro economy. The QRES is prepared by the NEDA with the assistance of other government agencies and local governments. Ideally, the best way to know how well the economy performed is to refer to the so-called Gross Regional Domestic Product (GRDP) published by the National Statistical Coordination Board. The GRDP is a quantitative measure of economic performance based on a comprehensive data set. However, GRDP is released only 7 months after the end of the year in review and data is annual only. The QRES is used as a validating instrument of the GRDP. QRES started in late 1994. Then President Ramos wanted know the status of the regions on a quarterly basis. He asked for a quarterly GRDP. However, the production of GRDP data was and is still not possible, hence, a technical working group composed of representatives from central offices of NEDA, NSCB, NSO, DOLE and a few other agencies was formed and conceptualized the QRES. Why do some data change in future issues? The data
set for a particular quarter reflects three periods: (a) the current quarter,
(b) the previous or immediately preceding quarter and (c) the same quarter
a year ago. Some data for the current quarter (especially agriculture
and tourism) are preliminary. They become final only in the next quarter
or months after. The revised/final data are presented again in the next
quarter's issue or in the following year.
So if you want data for palay production for the 1st quarter of 2001, refer to either: • 2nd
quarter 2001 report/issue, or The more stable data, i.e., they seldom change in the next quarters, are: • land, air and sea transport• power • business names registration • prices • employment Back to Top Four to six
weeks after the end of the quarter, data producing agencies gather data
from the field and process them into regional statistics. The NSCB gathers
the processed data from the agencies and forwards these to the NEDA. Simultaneously,
the NEDA with the help of other agencies, conducts a Quick Survey with
selected private sector key informants. The provincial planning and development
offices also submit their inputs by way of an Input Form fielded out by
NEDA immediately after the quarter ends. On the 7th week after the quarter,
the NEDA prepares a draft report using all inputs gathered. Such report
is validated on the 8th week through the so-called Roundtable Discussion
participated by representatives of government agencies and private sector.
During the time of President Ramos, the methodology and indicators were uniform across regions. Starting the time of President Estrada, QRES became optional. To date, some regions prepare a semestral report. Others continued with the quarterly report but did away with the survey and/or the Rountable Discussion. During the time of President Ramos, the QRES was exclusive for him and the Cabinet. But after his term, there have been more users so NEDA continued preparing the QRES To date, users include government, the media, private companies, investors and researchers. Many private companies use the QRES as basis in their investment decisions. When is the final QRES available to the public? It is available
on the 3rd month following the quarter in review.
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