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Sources of gold for jewelry production include the Central Bank which sells 24 carat gold in grains and thin sheets with selling prices based on the daily LME price plus an estimated 2 to 3 processing fee. Gold is also available from local miners andor small refiners although quality of the material coming from these sources cannot be assured
Manufacturing comprises more than half of the Philippiness industrial sector and accounts for almost a quarter of the countrys Gross Domestic Product GDP. From an annual growth rate of in 2012 the manufacturing sector grew by in 2013 and in 2014. Manufacturing industries have higher employment income and output multipliers
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