Manufacturing returned to growth in December after weak external demand and extreme weather events reduced production in previous months. Firms consequently maintained positive production prospects on...
GDP growth remained stable in 2024 notwithstanding slower economic activity in the latter half of the year. Household consumption moderated due to the impact of high food prices and mobility disruptions...
Economic growth moderated to 5.2 percent in the third quarter. On the production side, weather disturbances disrupted transport and supply chains. On the demand side, net exports declined while stronger...
Most forward-looking indicators and a strong labor market suggest near-term expansion although manufacturing exports weakened. Sustained disinflation has allowed the Bangko Sentral ng Pilipinas (BSP) to...
Robust domestic demand fueled an uptick in manufacturing activity and a rebound in imports of goods and services. Meanwhile, goods exports stagnated because of muted demand for Philippine electronics while...
Economic growth strengthened to 6.3 percent in the second quarter as investment and public consumption boosted domestic demand. The unemployment rate fell to a record low of 3.1 percent as jobs in construction...
Manufacturing activity slowed in May partly due to softer external demand and leading indicators suggest more moderate growth in the immediate term. Goods exports faltered on subdued Chinese demand for...
Resilient domestic demand and a recovery in exports underpinned economic growth in the first quarter of 2024. Services remained the main driver of economic activity, supported by private consumption, including...
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...
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 economy sustained its growth performance in Q4 2021, ending with a full-year growth of 5.6 percent. This positive news, along with the rapid decline in COVID-19 cases following an Omicron-led surge...
Typhoon Odette devastated Central Philippines in late December, resulting in damages in infrastructure and agriculture, and disruption in vaccination efforts. COVID-19 cases have surged again due to the...