Amid a sluggish external environment, robust domestic demand supported economic activity in Q1 2023 despite high inflation and rising interest rates. The healthy labor market, adequate liquidity, and increased...
Merchandise exports posted its largest contraction in February 2023 since May 2020 amid continued weakness in external demand, which weighed on the growth of manufacturing activity. Headline inflation...
Headline inflation inched down marginally, although food prices remain persistently high, while core inflation continued to accelerate. Merchandise exports declined in January, amid a weak, yet improving...
Headline inflation rose to a new 14-year high in December, driven by higher food prices. Core inflation continued to rise, underscoring existing price pressures and the release of pent-up demand. Despite...
The economy registered better-than-expected performance, as GDP grew by 7.6 percent year-on-year in Q3 2022 (6.1 percent consensus forecast) fueled by strong domestic demand despite high inflation and...
Headline inflation accelerated in September driven by higher food and energy prices. In addition, core inflation remained elevated, indicating continuing price pressures and strong domestic demand. Robust...
Headline inflation marginally eased in August following five consecutive months of increases. However, core inflation rose further, which is indicative of underlying price pressure and strong domestic...
The Philippine economy expanded by 7.4 percent in the second quarter of 2022, anchored on robust domestic activity. The strong domestic environment stood in contrast with the weak external conditions which...
Headline inflation continued to accelerate in June, prompting the central bank to raise its key policy rate anew. Fear of a weakening global outlook and more U.S. Federal Reserve rate increases dampened...
Recovering domestic demand and a supportive external environment drove the 8.3 percent growth in the first quarter of 2022. The industry and services sectors expanded on the back of loosening mobility...
New Coronavirus disease 2019 (COVID-19) cases have continued to decline in the Philippines, prompting the government to ease restrictions in more localities. The easing of restrictions has boosted domestic...
The Russia-Ukraine war has rattled investor sentiment, immediately impacting the local stock and foreign exchange markets. While inflation remained steady in February, fuel prices have further risen prompting...
The vaccination rate accelerated in early December following the successful 3-day national vaccination drive. The authorities further loosened mobility restrictions as daily cases continued to decline...
COVID-19 (coronavirus) cases continued to decline from the peak in September, allowing the authorities to relax mobility restrictions in areas with high vaccination rates. In the third quarter of 2021...
COVID-19 (coronavirus) cases in the Philippines appeared to have peaked in September. Vaccination rate has reached 80 percent of the adult population in Metro Manila by mid-October, in contrast to about...
COVID-19 (coronavirus) cases in the Philippines have surged since mid-July amid the local transmissions of the highly infectious Delta variant. The authorities responded by re-imposing enhanced community...
The resurgence of COVID-19 cases and reimposition of more stringent quarantine measures held back the early signs of an economic rebound. The downside risk of a resurgence of infection, identified in the...
Manufacturing output and external trade expanded year-on-year in April on the back of favorable base effects. On a monthly basis, however, external trade contracted double-digit from its expansion in March...
The Philippines remained in recession in the first quarter of 2021, driven by the contraction in household consumption and investment. Nevertheless, relative to the previous three quarters, the economy...
Rising COVID-19 (coronavirus) cases and the return to more restrictive quarantine measures continued to dampen market sentiments. Manufacturing output and exports contracted in February, while the stock...