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Philippines Monthly Economic Developments (August 2019) (English)

This newsletter includes the following headlines: In the Second Quarter of 2019, the Philippine economy expanded by its slowest pace in over four years, driven by a major contraction in investment largely driven by delayed budget approval and spending ban due to the elections, weakness in manufacturing sector's persisted in June 2019, inflation further eased in July to its slowest pace in two years. ... See More +

Newsletter 140903 AUG 01, 2019

Qian,Rong; Chua,Kevin C.; Cruz,Kevin Thomas Garcia; Gomez,Ray Cristofer Cipriano; Enriquez,Karen Annette Lazaro; Song,Jiyoung; Endo,Isaku; Diop,Ndiame Disclosed

Philippines Monthly Economic Developments (July 2019) (English)

This Philippines Monthly Economic Developments Newsletter includes some of the following headlines: manufacturing output contracted again in May, the Philippine Stock Exchange index marginally rose, and the peso appreciated in June, headline inflation declined in June following a slight uptick in May, the government registered a fiscal surplus in May as expenditures remained muted. ... See More +

Newsletter 139607 JUL 01, 2019

Chua,Kevin C.; Cruz,Kevin Thomas Garcia; Gomez,Ray Cristofer Cipriano; Enriquez,Karen Annette Lazaro; Song,Jiyoung; Endo,Isaku; Diop,Ndiame Disclosed

Philippines Monthly Economic Developments (June 2019) (English)

This Philippines Monthly Economic Developments Newsletter includes some of the following headlines: manufacturing output continued its contraction for the fifth month in April, budget balance was positive in April as expenditures contracted by double digits, inflation picked up in May after consecutive declines since October 2018, driven by higher prices for vegetables, meat and fish, unemployment and underemployment recorded improvements in April 2019. ... See More +

Newsletter 138599 JUN 01, 2019

Qian,Rong; Chua,Kevin C.; Cruz,Kevin Thomas Garcia; Gomez,Ray Cristofer Cipriano; Enriquez,Karen Annette Lazaro; Song,Jiyoung; Endo,Isaku; Diop,Ndiame Disclosed

Philippines Monthly Economic Developments (May 2019) (English)

This Philippines Monthly Economic Developments Newsletter includes some of the following headlines: economic growth decelerated sharply to 5.6 percent, year-on-year, in Q1 2019, owing mainly to this year’s budget delay; manufacturing output contracted for the fourth consecutive month in March; lower food inflation led to further easing in headline inflation in April; and the national government registered a narrower budget deficit in March, as expenditure growth decelerated. ... See More +

Newsletter 136959 MAY 01, 2019

Disclosed

Philippines Monthly Economic Developments (April 2019) (English)

This Philippines Monthly Economic Developments Newsletter includes some of the following headlines: THE World Bank projects economic growth to recover to 6.4 percent in 2019; 5.7 million Filipinos were lifted out of poverty between 2015 and 2018; the national government registered a budget deficit in February, reversing the surplus of January. ... See More +

Newsletter 136399 APR 01, 2019

Qian,Rong; Chua,Kevin C.; Cruz,Kevin Thomas Garcia; Enriquez,Karen Annette Lazaro; Gomez,Ray Cristofer Cipriano; Endo,Isaku; Diop,Ndiame Disclosed

Philippines Monthly Economic Developments (March 2019) (English)

This Philippines Monthly Economic Developments Newsletter includes some of the following headlines: inflation slowed down for the fourth consecutive month in February; merchandise exports contracted for the third consecutive month in January, while merchandise import growth remained subdued; and the Philippine Stock Exchange index retreated to below 8,000 in February. ... See More +

Newsletter 135683 MAR 01, 2019

Qian,Rong; Chua,Kevin C.; Cruz,Kevin Thomas Garcia; Enriquez,Karen Annette Lazaro; Gomez,Ray Cristofer Cipriano; Endo,Isaku; Diop,Ndiame Disclosed

Philippines Monthly Economic Developments (February 2019) (English)

This Philippines Monthly Economic Developments Newsletter includes some of the following headlines: economic growth slowed in Q4 2018, bringing the full-year growth rate to 6.2 percent; both manufacturing activities and merchandise exports contracted in December 2018; inflationary pressures abated for the third consecutive month in January; and congress ratified the 2019 national government budget of Php3.757 trillion on February 8, 2019. ... See More +

Newsletter 134793 FEB 01, 2019

Disclosed

Philippines Monthly Economic Developments (January 2019) (English)

The headline inflation rate dropped to 5.1 percent in December, putting the full-year inflation rate above the central bank's target range. The Consumer Price Index (CPI) slowed from 6.0 percent in November to 5.1 percent in December, year-on-year. ... See More +

Newsletter 133927 JAN 01, 2019

Qian,Rong; Cruz,Kevin Thomas Garcia; Enriquez,Karen Annette Lazaro; Endo,Isaku; Diop,Ndiame Disclosed

Philippines Monthly Economic Developments (December 2018) (English)

The Philippines registered its widest merchandise trade deficit in October as imports continued its strong expansion and export growth remains subdued. ... See More +

Newsletter 133111 DEC 01, 2018

Qian,Rong; Chua,Kevin C.; Cruz,Kevin Thomas Garcia; Lazaro, Kevin; Endo,Isaku; Diop,Ndiame Disclosed

Philippines Monthly Economic Developments (November 2018) (English)

This newsletter includes the following headlines: Philippine economic growth moderated to 6.1 percent year-to-year in the third quarter; The services sector drove economic growth while the agriculture sector underperformed; While manufacturing growth slowed in September, it is projected to accelerate in the next few month; A surge in imports and a contraction in exports resulted in the widest merchandise trade gap so far in 2018; Headline inflation held steady in October while food inflation moderated for the first time since May; The Philippine peso appreciated 1-2 percent month-on-month in October from Php/USD 54.25 to Php/USD 53.61; The fiscal deficit widened in the first three quarters of 2018. as rapid expenditure growth outpaced revenue growth. ... See More +

Newsletter 132260 NOV 01, 2018

Qian,Rong; Chua,Kevin C.; Cruz,Kevin Thomas Garcia; Lazaro,Karen; Endo,Isaku; Diop,Ndiame Disclosed

Philippines Monthly Economic Developments (October 2018) (English)

The World Bank revises its economic growth forecast to 6.5 percent for 2018 from 6.7 percent. Growth outlook for 2019 and 2020 remains strong projected at 6.7 and 6.6 percent, supported by an expected rise in public investment spending and a robust private demand. ... See More +

Newsletter 131047 OCT 01, 2018

Disclosed

Philippines Monthly Economic Developments (September 2018) (English)

This newsletter includes the following headlines: Philippine Stock Exchange index (PSEi) declined significantly in the first week of September 2018 due to a mix of external and domestic factors; the Philippine peso depreciated in August after strengthening in July; headline inflation surged in August with increased food and energy prices; Balance of payment deficit widened in the first half of 2018 reaching 2.1 percent of GDP from 0.5 percent of GDP same period in 2017; the government posted a fiscal deficit in July as public spending growth outpaced revenue growth; unemployment declined further in July 2018, but underemployment continued to worsen; consumer confidence turned negative for the first time in two years and business confidence fell to its lowest since 2009 ... See More +

Newsletter 129959 SEP 01, 2018

Chua,Kevin C.; Cruz,Kevin Thomas Garcia; Endo,Isaku; Qian,Rong; Hansl,Birgit Disclosed

Philippines monthly economic developments (August 2018) (English)

The Philippine economy grew by 6.0 percent year-on-year in the second quarter of 2018, driven by capital formation. Growth in services and industry sectors, albeit strong, moderated in the second quarter of 2018 relative to the first quarter. ... See More +

Newsletter 129491 AUG 01, 2018

Disclosed

Philippines monthly economic developments (July 2018) (English)

The World Bank maintains its growth projection for the Philippines at 6.7 percent for 2018 and 2019. The Philippine Stock Exchange index (PSEi) contracted in June for the fifth consecutive month. ... See More +

Newsletter 128374 JUL 01, 2018

Chua,Kevin C.; Cruz,Kevin Thomas Garcia; Endo,Isaku; Qian,Rong; Hansl,Birgit; Diop,Ndiame Disclosed

Philippines monthly economic developments (June 2018) (English)

The Philippine Stock Exchange index (PSEi) declined in May for the fourth consecutive month, closing at its lowest level in over a year. The Philippine peso slipped to a 12-year low and international reserves declined in May. ... See More +

Newsletter 127332 JUN 01, 2018

Disclosed

Philippines monthly economic developments (May 2018) (English)

The World Bank maintains its growth forecast for the Philippines at 6.7 percent for 2018. In the first quarter of 2018, the Philippines economy grew by 6.8 percent. ... See More +

Newsletter 126174 MAY 01, 2018

Disclosed

Philippines monthly economic developments (April 2018) (English)

The Philippine Stock Exchange index (PSEi) continued its decline in March as global financial markets experienced renewed volatility. Heightened policy uncertainty in the global markets and a hike in the U.S. ... See More +

Newsletter 125319 APR 01, 2018

Disclosed

Philippines monthly economic developments (April 2018) (English)

The Philippine Stock Exchange index (PSEi) continued its decline in March as global financial markets experienced renewed volatility. Heightened policy uncertainty in the global markets and a hike in the U.S. ... See More +

Newsletter 125319 APR 01, 2018

Disclosed

Philippines monthly economic developments (March 2018) (English)

This newsletter reviews monthly economic developments in Philippines. Events observed during February 2018 include: (i) the Philippine Stock Exchange index (PSEi) fell in February, impacted by higher global financial market volatility; (ii) the central bank intervened in the market to manage excessive volatility as the Philippine peso value slid to above the US$52.00 mark; (iii) exports recovered in January from their December contraction, while import growth continued in the double-digits; (iv) manufacturing activities also rebounded in January following a nearly continuous contraction in the second half of 2017; (v) despite the introduction of a new rebased index, February headline inflation surged to its highest level in more than three years; (vi) in 2017 expenditures grew slower than revenues, slightly narrowing the fiscal deficit level; (vii) business confidence weakened in the first quarter of 2018; (viii) underemployment increased in January and underemployment rose significantly. ... See More +

Newsletter 124275 MAR 01, 2018

Disclosed

Philippines monthly economic developments (February 2018) (English)

Recent volatility in the US stock market rippled through global markets, impacting also the Philippine stock exchange in the first two weeks of February. ... See More +

Newsletter 123621 FEB 01, 2018

Disclosed

Title Document Date Report No. Document Type Also available in
Philippines Monthly Economic Developments (August 2019) (English)
See More +
AUG 01, 2019 140903 Newsletter
Philippines Monthly Economic Developments (July 2019) (English)
See More +
JUL 01, 2019 139607 Newsletter
Philippines Monthly Economic Developments (June 2019) (English)
See More +
JUN 01, 2019 138599 Newsletter
Philippines Monthly Economic Developments (May 2019) (English)
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MAY 01, 2019 136959 Newsletter
Philippines Monthly Economic Developments (April 2019) (English)
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APR 01, 2019 136399 Newsletter
Philippines Monthly Economic Developments (March 2019) (English)
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MAR 01, 2019 135683 Newsletter
Philippines Monthly Economic Developments (February 2019) (English)
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FEB 01, 2019 134793 Newsletter
Philippines Monthly Economic Developments (January 2019) (English)
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JAN 01, 2019 133927 Newsletter
Philippines Monthly Economic Developments (December 2018) (English)
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DEC 01, 2018 133111 Newsletter
Philippines Monthly Economic Developments (November 2018) (English)
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NOV 01, 2018 132260 Newsletter
Philippines Monthly Economic Developments (October 2018) (English)
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OCT 01, 2018 131047 Newsletter
Philippines Monthly Economic Developments (September 2018) (English)
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SEP 01, 2018 129959 Newsletter
Philippines monthly economic developments (August 2018) (English)
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AUG 01, 2018 129491 Newsletter
Philippines monthly economic developments (July 2018) (English)
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JUL 01, 2018 128374 Newsletter
Philippines monthly economic developments (June 2018) (English)
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JUN 01, 2018 127332 Newsletter
Philippines monthly economic developments (May 2018) (English)
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MAY 01, 2018 126174 Newsletter
Philippines monthly economic developments (April 2018) (English)
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APR 01, 2018 125319 Newsletter
Philippines monthly economic developments (April 2018) (English)
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APR 01, 2018 125319 Newsletter
Philippines monthly economic developments (March 2018) (English)
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MAR 01, 2018 124275 Newsletter
Philippines monthly economic developments (February 2018) (English)
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FEB 01, 2018 123621 Newsletter