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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

Philippines monthly economic developments (January 2018) (English)

Highlights from January 2018 edition: the Philippine Stock Exchange index (PSEi) ended 2017 on a new record high; the Philippine peso strengthened in December, ending the year below the Php/US 50 dollar mark; export growth slowed to its lowest rate of the year while import growth continued to accelerate; manufacturing activities contracted for the third consecutive month; inflation steadied in December at 3.3. percent, bringing the full-year inflation rate close to the mid-point of the Central Bank’s target range; government revenues continued to grow in the double-digits while expenditure growth slowed; the president signed the first tax reform package into law on December 19, 2017; consumer and business confidence remained positive for the fourth quarter of 2017, although consumer sentiment declined for the second consecutive quarter. ... See More +

Newsletter 122856 JAN 01, 2018

Disclosed

Philippines monthly economic developments (December 2017) (English)

The World Bank upgrades its 2017 growth projections for the Philippines to 6.7 percent. Given the recent GDP growth revision for the second quarter from 6.5 to 6.7 percent, and a stronger than expected third quarter growth of 6.9 percent, the World Bank revised its 2017 projection upwards from 6.6 percent. ... See More +

Newsletter 122103 DEC 01, 2017

Disclosed

Philippines monthly economic developments (November 2017) (English)

This newsletter about the monthly economic developments of Philippines include the following : (i) Amidst a more volatile foreign exchange market, the Philippine peso dropped to an 11-year low in October; (ii) Both export and import growth slowed in September; (iii) Manufacturing activities contracted again in September, following a temporary recovery in August; (iv) The Philippine Stock Exchange index (PSEi) surged to a new record high in October as it tracked the strong performance of global financial markets; (v) Rising energy prices pushed headline inflation to its highest level in three years; (vi) In September, government revenues increased sharply while expenditures contracted; (vii) In the World Bank 2018 Doing Business report, the Philippines ranks 113th out of 190 economies in the ease of doing business. ... See More +

Newsletter 121390 NOV 01, 2017

Disclosed

Philippines monthly economic developments (October 2017) (English)

The World Bank projects that the Philippine economy will grow at 6.6 percent in 2017, and 6.7 percent in 2018 and 2019. In September, the Philippine Stock Exchange index reached a new record high while the peso stabilized. ... See More +

Newsletter 120149 OCT 01, 2017

Disclosed

Philippines monthly economic developments (September 2017) (English)

The Philippines Stock Exchange index (PSEi) slightly weakened in August. The PSEi contracted by 0.7 percent month-on month, closing at 7,958 in August which was largely the result of seasonal factors. ... See More +

Newsletter 119767 SEP 01, 2017

Disclosed

Philippines monthly economic developments (August 2017) (English)

The Philippine Stock Exchange index (PSEi) posted solid gains in July, yet net foreign buying weakened. In the first seven months of 2017, the PSEi has increased by 17.2 percent, in line with top performing major stock indexes in the Asia-Pacific region. ... See More +

Newsletter 118719 AUG 01, 2017

Disclosed

Philippines monthly economic developments (July 2017) (English)

The World Bank projects continued strong growth for the Philippines and expects the economy to expand at 6.8 percent in 2017. The slightly revised 2017 projection considers recent economic trends and compares with the 6.9 percent forecast released in the April edition of the World Bank Philippine Economic Update. ... See More +

Newsletter 117579 JUL 01, 2017

Disclosed

Philippines monthly economic developments (June 2017) (English)

While the Philippine peso traded in May in a relatively stable foreign exchange market, it continues to depreciate on an annual basis. The Philippine stock exchange index (PSEi) rallied in May, as it benefited from strong foreign purchases. ... See More +

Newsletter 116227 JUN 01, 2017

Disclosed

Philippines monthly economic developments (May 2017) (English)

In April, the Philippine stock exchange index (PSEi) reached its highest level in over six months, bolstered by strong demand from foreign investors. ... See More +

Newsletter 115020 MAY 01, 2017

Disclosed

Philippines monthly economic developments (April 2017) (English)

The World Bank growth forecast for the Philippines was maintained at 6.9 percent for 2017. The Philippine stock exchange index (PSEi) edged slightly up in March while the peso stabilized above Php/US$50.00 amidst a less volatile foreign exchange market. ... See More +

Newsletter 114414 APR 01, 2017

Disclosed

Title Document Date Report No. Document Type Also available in
Philippines Monthly Economic Developments (October 2018) (English)
See More +
OCT 01, 2018 131047 Newsletter
Philippines Monthly Economic Developments (September 2018) (English)
See More +
SEP 01, 2018 129959 Newsletter
Philippines monthly economic developments (August 2018) (English)
See More +
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
Philippines monthly economic developments (January 2018) (English)
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JAN 01, 2018 122856 Newsletter
Philippines monthly economic developments (December 2017) (English)
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DEC 01, 2017 122103 Newsletter
Philippines monthly economic developments (November 2017) (English)
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NOV 01, 2017 121390 Newsletter
Philippines monthly economic developments (October 2017) (English)
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OCT 01, 2017 120149 Newsletter
Philippines monthly economic developments (September 2017) (English)
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SEP 01, 2017 119767 Newsletter
Philippines monthly economic developments (August 2017) (English)
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AUG 01, 2017 118719 Newsletter
Philippines monthly economic developments (July 2017) (English)
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JUL 01, 2017 117579 Newsletter
Philippines monthly economic developments (June 2017) (English)
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JUN 01, 2017 116227 Newsletter
Philippines monthly economic developments (May 2017) (English)
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MAY 01, 2017 115020 Newsletter
Philippines monthly economic developments (April 2017) (English)
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APR 01, 2017 114414 Newsletter