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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. Exports declined for the third consecutive month while import growth accelerated strongly.Manufacturing activities significantly expanded in May, in line with strong consumer demand. High inflationary pressure persisted in May with inflation remaining above 4 percent. The government registered a fiscal surplus in April while both revenue and expenditure growth significantly accelerated. Unemployment eased but underemployment increased again in April.Consumer confidence increased in the second quarter of 2018 and business optimism remained steady.




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Philippines monthly economic developments (June 2018) (English). Washington, D.C. : World Bank Group.