Leading Economic Index Philippines increased 0.04 percent in March of 2014 over the same month in the previous year. Leading Economic Index in Philippines averaged -0.02 percent from 1983 until 2014, reaching an all time high of 0.64 percent in the first quarter of 2008 and a record low of -0.63 percent in the third quarter of 2009. source: National Statistical Coordination Board (NSCB), Philippines
In Philippines, the Composite Leading Economic Index serve as basis for short-term forecasting of the macroeconomic activity in the country, based on an empirical observation of cycles of many economic data series related to the cycles of total business activity. The composite computation uses reference series from 11 leading economic indicators: consumer price index, electric energy consumption, exchange rate, hotel occupancy rate, money supply, number of new business incorporations, stock price index, terms of trade index, total merchandise imports, visitor arrivals, and wholesale price index.
|
Actual |
Previous |
Highest |
Lowest |
Dates |
Unit |
Frequency |
|
|
0.04 |
0.14 |
0.64 |
-0.63 |
1983 - 2014 |
percent |
Quarterly |
|