RELATED NEWS

Friday December 09 2016
Philippines Trade Deficit Largest in 6 Months in October  
Philippines reported a trade deficit of USD 2.16 billion in October of 2016, compared to a USD 1.94 billion gap a year earlier. It was the largest trade gap since April, as exports grew less than imports.
Tuesday December 06 2016
Philippines Inflation Rate at-21 Month High of 2.5%  
Consumer prices in Philippines rose 2.5 percent year-on-year in November 2016, following a 2.3 percent increase in October and above market expectations of 2.2 percent. It was the highest inflation rate since February 2015, as prices increased at a faster pace for housing and utilities and transport. Core inflation rate rose to 2.4 percent, compared to 2.3 percent in the prior month. On a monthly basis, consumer prices went up 0.6 percent, the biggest growth since July 2014.
Thursday November 17 2016
Philippines Economy Expands 1.2% QoQ in Q3  
The Philippines GDP advanced 1.2 percent quarter-on-quarter in the three months to September, slowing from an upwardly revised 2.1 percent expansion in the June quarter while market expected a 1.1 percent growth. It was the weakest growth since the March quarter 2015, as a faster increase in the agriculture and the industry sectors were not sufficient to offset a sharp slowdown in the services sector.
Thursday November 17 2016
Philippines GDP Growth Beats Expectations in Q3  
The Philippines economy grew an annual 7.1 percent in the September quarter of 2016, following a 7.0 percent expansion in the second quarter and beating market consensus of a 6.7 percent growth. It was the strongest expansion since the June quarter 2013, mainly supported by strong private consumption while government spending, investment and exports eased.
Thursday November 10 2016
Philippines Leaves Rates on Hold; Raises Inflation Forecasts  
The central bank of Philippines kept its benchmark overnight borrowing rate unchanged at 3 percent on November 10th 2016 as widely expected. The interest rates on short-term special deposit accounts (SDA) and overnight repo rate were also kept steady at 2.5 percent and 3.5 percent, respectively. Policymakers said inflation continues to be manageable although upside risks arise. As a result, inflation forecasts were raised to 1.8 percent from 1.7 percent for this year. Estimates for 2017 were also increased by 10bps to 3 percent and by 30bps to 2.9 percent in 2018.
Thursday November 10 2016
Philippines Trade Gap Narrows to 6-Month Low in September  
Philippines reported a trade deficit of USD 1.89 billion in September of 2016, compared to a USD 1.30 billion gap a year earlier. It was the smallest trade gap since March, mainly due to a rebound in exports.
Friday November 04 2016
Philippines Inflation Rates Steady at 2.3% in October  
Consumer prices in Philippines rose 2.3 percent year-on-year in October 2016, the same pace as in September while market expected a 2.4 percent rise. Prices of food and non-alcoholic beverages increased at a faster pace while inflation of housing and utilities were steady.
Tuesday October 11 2016
Philippines Trade Deficit Widens in August  
Philippines reported a trade deficit of USD 2.02 billion in August of 2016, compared to a USD 1.05 billion gap a year earlier as exports fell while imports rose.
Wednesday October 05 2016
Philippines Inflation Rate at 18-Month High of 2.3%  
Consumer prices in Philippines rose 2.3 percent year-on-year in September of 2016, following a 1.8 percent increase in August while market expected a 2.1 percent rise. It was the highest inflation rate since March 2015, driven by a faster increase in prices of food and non-alcoholic beverages and housing and utilities.
Thursday September 22 2016
Philippines Holds Key Rate at 3%  
The central bank of Philippines kept its benchmark overnight borrowing rate unchanged at 3 percent on September 22nd, 2016, as widely expected. The interest rates on short-term special deposit accounts (SDA) and overnight repo rate were also kept steady at 2.5 percent and 3.5 percent, respectively. Policymakers said trends in domestic economic activity show sustained firmness, supported by solid private household consumption and investment, buoyant business and consumer sentiment, and adequate credit and domestic liquidity. Also, inflation is expected to settle slightly below the 3.0 percent ± 1.0 percentage point target range in 2016 and rise toward the mid-point of the target range in 2017 and 2018.
Friday September 09 2016
Philippines Trade Deficit Widens in July  
Philippines reported a trade deficit of USD 2.05 billion in July of 2016, compared to a USD 1.52 billion gap a year earlier as exports fell much more than imports.
Tuesday September 06 2016
Philippines Inflation Rate Eases to 1.8% in August  
Consumer prices in Philippines rose 1.8 percent year-on-year in August of 2016, following a 1.9 percent increase in the previous two months while market expected a 2.0 percent rise. Prices of food and non-alcoholic beverages rose at a slower pace while cost of housing and utilities went up.
Thursday August 25 2016
Philippines Trade Deficit Widens in June  
Philippines reported a trade deficit of USD 2.10 billion in June of 2016, compared to a USD 0.57 billion gap a year earlier and in line with expectations, as exports fell while imports rose.
Thursday August 18 2016
Philippines Economy Grows 1.8% QoQ in Q2  
The Philippines GDP advanced 1.8 percent quarter-on-quarter in the June quarter of 2016, accelerating from an upwardly revised 1.3 percent expansion reported in the previous three months and in line with market expectations. A faster increase in the services sector and a rebound in the agriculture sector offset a slowdown the industry sector.
Thursday August 18 2016
Philippines GDP Growth Strongest in 3 Years  
The Philippines economy grew an annual 7.0 percent in the second quarter of 2016, accelerating from a downwardly revised 6.8 percent expansion in the previous three months and beating market consensus of a 6.7 percent growth. It was the fastest expansion since the June quarter 2013, as a faster increase in household consumption, government spending and investment offset a slowdown in exports.
Thursday August 11 2016
Philippines Holds Key Rate at 3%  
The central bank of Philippines kept its benchmark overnight borrowing rate unchanged at 3 percent on August 11th, 2016, as widely expected. The interest rates on short-term special deposit accounts (SDA) and overnight repo rate were also kept steady at 2.5 percent and 3.5 percent, respectively. Policymakers said domestic demand conditions remain firm while lowered their average inflation forecasts to 1.8 percent from 2.0 percent in 2016, and to 2.9 percent from 3.1 percent in 2017.
Friday August 05 2016
Philippines Inflation Rate Steady at 1.9% YoY in July  
Consumer prices in Philippines rose 1.9 percent year-on-year in July of 2016, the same pace as in June and below market expectations of 2.1 percent. Prices of food and non-alcoholic beverages rose at a slower pace while cost of housing and utilities declined less than in a month earlier.
Tuesday July 26 2016
Philippines Trade Balance Swings to Deficit in May  
Philippines reported a trade deficit of USD2.02 billion in May of 2016, compared to a 0.065 billion surplus a year earlier, as exports fell while imports jumped.
Tuesday July 05 2016
Philippines Inflation Rate at 14-Month High  
Consumer prices in Philippines rose 1.9 percent year-on-year in June of 2016, compared to a 1.6 percent in May. It was the highest inflation rate since April 2015 as prices of food and non-alcoholic beverages rose at a faster pace while cost of housing and utilities declined much less than in a month earlier.
Friday June 24 2016
Philippines Trade Deficit Largest in 3 Months  
Philippines reported a trade deficit of USD2.28 billion in April of 2016, larger than a 0.62 billion gap a year earlier. It was the largest deficit since February as exports fell while imports jumped.
Thursday June 23 2016
Philippines Leaves Key Rate Steady at 3%  
The central bank of Philippines kept its benchmark overnight borrowing rate unchanged at 3 percent on June 23rd, 2016 after shifting to an interest rate corridor system of 100bps on June 3rd. The interest rates on short-term special deposit accounts (SDA) and overnight repo rate were also kept steady at 2.5 percent and 3.5 percent, respectively. Policymakers said higher fiscal spending is expected to further boost domestic demand while slightly lowered their average inflation forecast to 2.0 percent from 2.1 percent in 2016.
Thursday June 09 2016
Philippines Jobless Rate Rises to 6.1% in April  
Philippines unemployment rate stood at 6.1 percent in April of 2016, down from 6.4 percent a year earlier but up from 5.8 percent reported in January 2016. The figure excludes Lette Region.
Tuesday June 07 2016
Philippines Inflation Rate at 13-Month High  
Consumer prices in Philippines rose 1.6 percent year-on-year in May of 2016, compared to a 1.4 percent in April and above market consensus of a 1.4 percent increase. It was the highest inflation rate since May 2015 as prices rose at a faster pace for most categories.
Wednesday May 25 2016
Philippines Trade Deficit Widens Sharply in March  
Philippines reported a trade deficit of USD1.75 billion in March of 2016, larger than a 0.26 billion gap a year earlier as exports fell while imports rose.
Thursday May 19 2016
Philippines Economy Expands 1.1% QoQ in Q1  
The Philippines GDP advanced 1.1 percent quarter-on-quarter in the first quarter of 2016, slowing from an upwardly revised 2.1 percent expansion reported in the previous three months and below market expectations. It is the weakest growth since the June quarter 2015 as agriculture, hunting, forestry and fishing contracted sharply while services and industry sectors slowed.
Thursday May 19 2016
Philippines GDP Growth Strongest in 2-1/2 Years  
The Philippines economy grew an annual 6.9 percent in the March quarter of 2016, accelerating from an upwardly revised 6.5 percent expansion in the previous three months and above market consensus of a 6.6 percent growth. It is the strongest expansion since the September quarter 2013 as a faster increase in household spending and investment offset a slowdown in government expenditure and exports.
Thursday May 12 2016
Philippines Holds Key Rate at 4%  
The central bank of Philippines left its benchmark overnight borrowing rate unchanged at 4 percent for the 13th straight meeting on May 12th, 2016 as widely expected. The interest rates on short-term special deposit accounts (SDA) and overnight repo rate were also kept steady at 2.5 percent and 6 percent, respectively. Policymakers said that economic growth remains strong while inflation expectations declined slightly.
Thursday May 05 2016
Philippines Inflation Rate Steady at 1.1% in April  
Consumer prices in Philippines rose 1.1 percent year-on-year in April of 2016, the same as in March and slightly below market consensus of a 1.2 percent increase. Food inflation was steady while cost of housing & utilities dropped at the same pace as in a month earlier.
Tuesday April 26 2016
Philippines Trade Deficit Widens in February  
Philippines reported a trade deficit of USD1.10 billion in February of 2016, larger than a 0.84 billion gap a year earlier as exports fell while imports rose.
Tuesday April 05 2016
Philippines Inflation Rate Accelerates in March  
Consumer prices in Philippines rose 1.1 percent in March of 2016, accelerating from 0.9 percent in February and in line with market consensus. A faster increase in prices of food and non-alcoholic beverages offset a further decline in cost of housing and utilities.
Wednesday March 23 2016
Philippines Holds Key Rate Steady for 12th Month  
The central bank of Philippines left its benchmark overnight borrowing rate on hold at 4 percent for the 12th straight meeting on March 23rd, 2016 as widely expected, amid subdued inflation and robust economic growth. Policymakers also kept the short-term special deposit accounts (SDAs) facility rate at 2.5 percent and the overnight repo rate at 6 percent.
Wednesday March 23 2016
Philippines Trade Deficit Hits Fresh Record High in January  
Philippines reported a trade deficit of USD2.64 billion in January of 2016, as compared to a USD0.86 billion gap a year earlier and missing market consensus. It is the largest trade deficit on record as exports declined while imports rose to the highest in over five years.
Friday March 11 2016
Philippines Jobless Rate Rises Slightly in January  
Philippines unemployment rate stood at 5.8 percent in January of 2016, down from 6.6 percent a year earlier but slightly up from 5.7 percent reported in October 2015. The figure excludes Lette Region.
Friday March 04 2016
Philippines Inflation Rate at 4-Month Low  
Consumer prices in Philippines unexpectedly rose 0.9 percent in February of 2016, slowing from 1.3 percent in January and well below market consensus of a 1.4 percent rise. It is the lowest figure since November 2015, as cost of housing and utilities declined at a faster pace while food inflation eased.
Wednesday February 24 2016
Philippines Trade Balance Swings to Surplus in December  
Philippines reported a trade surplus of USD603.03 million in December of 2015, as compared to a USD667.47 million gap a year earlier and beating market consensus. It is the largest surplus since September 2014, as imports fell much more than exports.
Thursday February 11 2016
Philippines Leaves Key Rate Steady at 4%  
The central bank of Philippines left its benchmark overnight borrowing rate on hold at 4 percent for the eleventh straight meeting on February 11th, 2016 as widely expected, saying manageable inflation and robust growth conditions continue to support steady monetary policy settings. It also kept the short-term special deposit accounts (SDAs) facility rate at 2.5 percent and the overnight repo rate at 6 percent.
Friday February 05 2016
Philippines Inflation Rate Eases to 1.3% YoY in January  
Philippines annual inflation rate slowed to 1.3 percent in January of 2016 from 1.5 percent in December, in line with market consensus. Cost of housing and utilities declined at a faster pace while food inflation was steady.
Thursday January 28 2016
Philippines Economy Expands 2.0% QoQ in Q4  
The Philippines GDP advanced 2.0 percent quarter-on-quarter in the fourth quarter of 2015, accelerating from an upwardly revised 1.4 percent expansion reported in October to December but below market expectations. The expansion was mainly driven by a rebound in agriculture sector and a faster increase in industry while services sector slowed.
Thursday January 28 2016
Philippines Posts Strong GDP Growth in Q4  
The Philippines economy grew an annual 6.3 percent in the December quarter of 2015, accelerating from an upwardly revised 6.1 percent expansion in the previous three months and above market consensus. It is the highest growth since the fourth quarter of last year, as all of the components showed an expansion.
Tuesday January 26 2016
Philippine Posts Smallest Trade Gap in 5 Months  
Philippines reported a trade deficit of USD976.9 million in November of 2015, as compared to a USD361.35 million gap a year earlier and above market consensus. It is the smallest deficit since June, as exports fell while imports rose less than expected.
Tuesday January 05 2016
Philippines Inflation Rate at 7-Month High  
Philippines annual inflation rate rose 1.5 percent in December of 2015 from 1.1 percent in November and slightly above market consensus. It is the highest figure since May, as cost of housing and utilities declined less than in previous month while prices of food & non-alcoholic beverages were steady.
Tuesday December 29 2015
Philippines Trade Deficit Largest in the Record  
Philippines reported a trade deficit of USD1,937 million in October of 2015, as compared to a USD441.11 million gap a year earlier and below market consensus. It is the largest deficit in the record, as exports plunged while imports rose more than expected.
Thursday December 17 2015
Philippines Leaves Rates on Hold  
The central bank of Philippines left its benchmark overnight borrowing rate steady at 4 percent for the tenth consecutive meeting on December 17th, 2015 as widely expected. It also kept the short-term special deposit accounts (SDAs) facility rate at 2.5 percent and the overnight repo rate at 6 percent. Policymakers consider that leaving rates steady at this juncture would give more room to continue to assess global economic conditions and calibrate policy tools as appropriate.
Thursday December 10 2015
Philippines Jobless Rate Hits Record Low  
Philippines unemployment rate fell to 5.7 percent in October of 2015, the lowest in the record, and beating market forecasts of 6.5 percent. The figure excludes Leyte Region.
Friday December 04 2015
Philippines Inflation Rate at 5-Month High  
Philippines annual inflation rate unexpectedly rose to 1.1 percent in November of 2015 from 0.4 percent in the previous month and above market expectations. It is the highest figure since June, mainly due to a faster increase in cost of food and non-alcoholic beverages and transport while cost of housing and utilities decline at a slower pace.
Thursday November 26 2015
Philippines Economy Expands 1.1% QoQ in Q3  
The Philippines GDP advanced 1.1 percent in the third quarter of 2015, down from an upwardly revised 2 percent expansion reported in April to June and below market expectations. While the agriculture sector further contracted, growth in the services and industry sectors slowed.
Thursday November 26 2015
Philippines GDP Growth Below Expectations  
The Philippines economy grew an annual 6.0 percent in the September quarter of 2015, accelerating from an upwardly revised 5.8 percent expansion in the previous three months but weaker than market consensus. A faster increase in household and government spending and exports offset a slowdown in investment.
Wednesday November 25 2015
Philippines Trade Balance Swings to Large Deficit  
Philippines reported a trade deficit of USD1,230 million in September of 2015, swinging from a USD63.33 million surplus a year earlier but above market consensus, as exports plunged while imports rose.
Thursday November 12 2015
Philippines Leaves Monetary Policy Unchanged  
Philippines central bank remained its overnight borrowing rate unchanged at 4 percent for the ninth consecutive time on November 12th, as widely expected. The 2015 average inflation forecast was cut to 1.4 percent from 1.6 percent and lowered for 2016 to 2.3 percent from 2.6 percent.
Thursday November 05 2015
Philippines Inflation Rate Steady in October  
Philippines annual inflation rate was at 0.4 percent in October of 2015, the same pace as in the previous month and below market expectations. It is the lowest figure since April 1987, as an increase in cost of transport and a slower decline in cost of housing and utilities offset a further slowdown in cost of food and non-alcoholic beverages.
Tuesday October 27 2015
Philippines Trade Deficit Widens in August  
Philippines reported a trade deficit of USD953.89 million in August of 2015, significantly up from a USD373.28 million gap a year earlier but better than market consensus, as exports fell while imports rose.
Tuesday October 06 2015
Philippines Inflation Lowest in More than Two Decades  
Philippines annual inflation rate eased to 0.4 percent in September of 2015 from 0.6 percent in August and below market consensus. It is the lowest figure since April 1987, as cost of housing and utilities declined further and prices of food and non-alcoholic beverages continued to slowdown. Core inflation also fell to a fresh record low of 1.4 percent.
Thursday September 24 2015
Philippines Keeps Rates Steady at 4%  
Philippines central bank remained its overnight borrowing rate unchanged at 4 percent for the eighth consecutive time on September 24th, as widely expected. The average inflation forecast was cut to 1.6 percent from 1.8 percent in spite of the increased risks coming from stronger and protracted El Niño dry weather conditions.
Wednesday September 23 2015
Philippines Trade Deficit Widens in July  
Philippines reported a trade deficit of USD1.18 billion in July of 2015, markedly up from a USD138.95 million gap a year earlier and missing market forecasts, as exports fell while imports surged.
Wednesday September 09 2015
Philippines Jobless Rate Falls in July  
Philippines unemployment rate was at 6.5 percent in July of 2015, down from 6.7 percent a year earlier but up from 6.4 percent reported in April 2015. The figure excludes Lette Region.
Friday September 04 2015
Philippines Inflation Lowest Since March 1987  
Philippines annual inflation rate eased to 0.6 percent in August of 2015 from 0.8 percent in July and below market consensus. It is the lowest figure in more than two decades as cost of housing and utilities and transport declined further and prices of food and non-alcoholic beverages slowed. Core inflation also declined to a record low of 1.6 percent.
Thursday August 27 2015
Philippines Economy Grows 1.8% QoQ in Q2  
The Philippines GDP advanced 1.8 percent in the second quarter of 2015, significantly up from a revised 0.4 percent expansion reported in January to March but below market consensus. A rebound in the industry sector and an expansion in the services sector offset a slower decline in the agriculture sector.
Thursday August 27 2015
Philippines GDP Growth Accelerates in Q2  
The Philippines economy expanded 5.6 percent in the second quarter of 2015, accelerating from a downwardly revised 5.0 percent growth in the previous three months and matching market consensus. An increase in consumption and invesment offset a slowdown in exports.
Tuesday August 25 2015
Philippines Trade Balance Swings to Deficit in June  
Philippines reported a trade deficit of USD554.79 million in June of 2015, swinging from a USD632.84 million surplus a year earlier as exports fell while imports surged.
Thursday August 13 2015
Philippines Leaves Monetary Policy Unchanged in August  
Philippines central bank kept its overnight borrowing rate on hold at 4 percent for the seventh consecutive time on August 13th, as widely expected. Policymakers expect the inflation rate to remain within target over the rest of the policy horizon.
Wednesday August 05 2015
Philippines Inflation Rate at Nearly 28-Year Low in July  
Philippines annual inflation rate eased to 0.8 percent in July of 2015 from 1.2 percent in June and matching market consensus. It is the lowest figure since April 1987, as cost declined for transport and housing and utilities while prices of food and non-alcoholic beverages slowed further.
Friday July 24 2015
Philippines Trade Surplus Narrows in May  
Philippines reported a trade surplus of USD 508.86 million in May of 2015, down from a USD 862.71 million surplus a year earlier as exports fell more than imports.
Tuesday July 07 2015
Philippines Inflation Rate Slows Further in June  
Philippines annual inflation rate eased to 1.2 percent in June of 2015 from 1.6 percent in May, below market forecasts. It is the lowest rate since mid-1987, as cost of housing and utilities keeps declining and prices of food and non-alcoholic beverages slowed.
Thursday June 25 2015
Philippines Keeps Rates Steady  
Philippines central bank left its key policy rate unchanged for the sixth consecutive meeting at 4 percent in June of 2015 as widely expected.
Thursday June 25 2015
Philippines Trade Deficit Narrows in April  
Philippines reported a trade deficit of USD 300.92 million in April of 2015, down from a USD 802.32 million gap a year earlier as imports fell more than exports.
Tuesday June 09 2015
Philippines Unemployment Rate Falls in April  
The jobless rate in the Philippines decreased to 6.4 percent in April of 2015 from 7 percent a year earlier. Figures exclude the typhoon-battered Leyte region.
Friday June 05 2015
Philippines Inflation Rate at 28-Year Low in May  
Philippines annual inflation rate eased to 1.6 percent in May of 2015 from 2.2 percent in April. It is the lowest rate since mid-1987, as cost of housing and utilities declined further and prices of food and non-alcoholic beverages slowed.
Thursday May 28 2015
Philippines Economy Expands 0.3% QoQ in Q1  
The Philippines GDP advanced 0.3 percent in the first quarter of 2015, markedly slowing from a 2.5 percent expansion reported in October to December and missing market forecasts, as an increase in the services sector was unable to offset a decline in the industry and the agriculture sector.
Thursday May 28 2015
Philippines GDP Growth Weakest Since Late 2011  
The Philippines economy expanded 5.2 percent in the first quarter of 2015, slowing from a revised 6.6 percent growth in October to December and missing market forecasts. An increase in private consumption and a rebound in investment were unable to offset a slowdown in government expenditure and exports.
Tuesday May 26 2015
Philippines Posts Trade Surplus in March  
Philippines reported a trade surplus of USD 264.1 million in March of 2015, swinging from a USD 217.3 million gap a year earlier as exports grew while imports declined.
Thursday May 14 2015
Philippines Leaves Key Interest Rate Steady at 4%  
Philippines’ central bank left its key policy rate unchanged for the fifth consecutive meeting at 4 percent in May, saying that current monetary policy continues to be appropriate as inflation risks remain balanced.
Tuesday May 05 2015
Philippines Inflation Rate at 21-Month Low in April  
Philippines annual inflation rate eased to 2.2 percent in April of 2015 from 2.4 percent in March. It is the lowest rate since August 2013, as cost of housing and utilities and transport declined further and prices of food and non-alcoholic beverages slowed.
Tuesday April 28 2015
Philippines Trade Deficit Widens in February  
Philippines reported a trade deficit of USD 813 million in February of 2015, markedly up from a USD 130.93 million gap a year earlier as exports fell while imports grew.
Tuesday April 07 2015
Philippines Inflation Rate Slows in March  
Philippines annual inflation rate eased to 2.4 percent in March of 2015 from 2.5 percent in February, as cost of housing & utilities and transport declined while prices of food and non-alcoholic beverages slowed. Yet, core inflation accelerated to 2.7 percent, the fastest since November 2014.
Thursday March 26 2015
Philippines Leaves Monetary Policy Unchanged  
Philippines’ central bank kept its key policy rate for the fourth consecutive meeting at 4 percent as expected, saying inflation risks remain balanced and economic growth is expected to remain strong.
Wednesday March 25 2015
Philippines Trade Deficit Largest Since April 2014  
Philippines reported a trade deficit of USD 751.5 million in January of 2015, down from a USD 1.57 billion gap a year earlier as imports fell more than exports.
Thursday March 12 2015
Philippines Jobless Rate At 6.6% in January  
Philippines unemployment rate was at 6.6 percent in January of 2015, up from 6 percent reported in October 2014 but down from 7.5 percent in the same month a year ago.
Thursday March 05 2015
Philippines Inflation Rate Accelerates in February  
Philippines annual inflation rate inched up to 2.5 percent in February of 2015 from 2.4 percent in January, as mixed movements were observed among commodity groups. Core inflation also accelerated to 2.5 percent annually from a 2.2 percent increase in the preceding month.
Tuesday February 24 2015
Philippines Post Small Trade Deficit in December  
Philippines reported a trade deficit of USD 68.22 million in December of 2014, narrowing from a USD 485.33 million gap a year earlier as imports fell the most since April 2012 while exports declined at a slower pace.
Thursday February 12 2015
Philippines Leaves Monetary Policy on Hold  
Philippines’ central bank left its key policy rate on hold at 4 percent in February as expected, saying inflation expectations have moderated.
Thursday February 05 2015
Philippines Inflation Slows to 18-Month Low in January  
Philippines annual inflation rate eased to 2.4 percent in January of 2015 from 2.7 percent in December, as cost of utilities and transport declined while prices of other major categories slowed. It is the lowest rate since August 2013.
Thursday January 29 2015
Philippines Economy Grows 2.5% QoQ in Q4  
The Philippines GDP advanced 2.5 percent in the last quarter of 2014, accelerating from a revised 0.7 percent growth in the previous three month period. It is the fastest expansion since the first quarter of 2013 as all sectors of the economy grew.
Thursday January 29 2015
Philippines GDP Growth Beats Expectation  
The Philippines economy grew 6.9 percent in the last quarter of 2014, faster than a 5.3 percent expansion in the previous three month period. It is the strongest pace in five quarters, as exports and household and government spending showed strong growth.
Tuesday January 27 2015
Philippines Posts Trade Surplus in November  
Philippines reported a trade surplus of USD 272.2 million in November of 2014, swinging from a revised USD 126 million deficit in the same month of the previous year as imports fell the most since April 2012 and exports surged.
Tuesday January 06 2015
Philippines Inflation Slows to 16-Month Low in December  
Philippines annual inflation rate eased to 2.7 percent in December of 2014 from 3.7 percent in November due to lower cost of housing, water, electricity, other fuels and transport. It is the lowest rate since September 2013.
Tuesday December 23 2014
Philippines Trade Balance Swings to Deficit in October  
Philippines reported a trade deficit of USD 55.6 million in October of 2014, swinging from a revised USD 183 million surplus in the previous month and missed market forecasts, as imports grew at a faster pace than exports.
Thursday December 11 2014
Philippines Leaves Interest Rate Steady at 4%  
Philippines’ central bank kept its key policy rate at 4 percent in December as expected, saying inflation risks remain balanced. Yet, policymakers cut price forecasts for 2014 to 2016.
Wednesday December 10 2014
Philippines Jobless Rate Down to Record Low  
Philippines unemployment rate decreased to 6.0 percent in October of 2014 from 6.7 percent in July and hit a record low, as more people were employed in the services and agriculture sectors. Figures for the province of Leyte which was hit by typhoon Haiyan are not included.
Friday December 05 2014
Philippines Inflation Rate Eases in November  
Philippines annual inflation rate decelerated to 3.7 percent in November of 2014 from 4.3 percent in October, mainly due to lower cost of food and non-alcoholic beverages; housing, water, electricity, gas and other fuels. It is the lowest rate since December 2013.
Thursday November 27 2014
Philippines Economy Grows 0.4% QoQ in Q3  
In the third quarter of 2014, the Philippines GDP advanced 0.4 percent over the previous quarter, slower than a 1.9 percent expansion in April to June period and the lowest since the first quarter of 2009. The industry and services sector slowed, while agriculture declined.
Thursday November 27 2014
Philippines GDP Growth Slows to Nearly 3-Year Low  
The Philippines economy expanded 5.3 percent in the third quarter of 2014, the weakest pace since last three months of 2011. A rise in consumption and investment was not enough to offset a decline in government spending and a slowdown in exports.
Tuesday November 25 2014
Philippines Posts Trade Surplus in September  
Philippines reported a USD 281 million trade surplus in September of 2014, reversing from a USD 654 million deficit a year earlier, and far above market forecasts. Exports grew 15.7 percent, while imports declined 2.6 percent.
Wednesday November 05 2014
Philippines Inflation Rate Edges Down in October  
Philippines annual inflation rate slowed to 4.3 percent in October of 2014 from 4.4 percent in September, mainly due to lower cost of food and non-alcoholic beverages, clothing and miscellaneous services. Core inflation also decelerated to 3.2 percent year-on-year from a 3.4 percent increase in the previous month.
Friday October 24 2014
Philippines Trade Deficit Narrows in August  
Philippines trade gap sharply decreased to USD 16.6 million in August of 2014 from a USD 608 million deficit a year earlier, and far below market forecasts. Exports grew 10.5 percent, while imports declined 1.7 percent. In July of 2014, the country recorded a USD 33 million trade deficit.
Thursday October 23 2014
Philippines Leaves Monetary Policy Unchanged  
Philippines’ central bank left its key policy rate on hold at 4 percent on October 23rd, following a 25 bps hike in September, saying the inflation rate is expected to be within-target in the near-term.
Wednesday October 08 2014
Philippines Inflation Slows in September  
Philippines annual inflation rate slowed to 4.4 percent in September of 2014 from 4.9 percent in August, mainly due to lowering costs of food and non-alcoholic beverages, utilities and transport. Core inflation was registered at 3.4 percent year-on-year, the same pace as in the previous month.
Thursday September 25 2014
Philippines Trade Balance Swings to Deficit in July  
Philippines reported a trade deficit of USD 33 million in July of 2014 compared to a revised USD 635 million gap a year earlier, as exports grew 12.4 percent while imports remained unchanged. In June, the country posted a revised USD 625 million trade surplus.
Thursday September 11 2014
Philippines Raises Interest Rate to 4%  
Philippines’ central bank decided to raise its key policy rate for the second straight time by 25 bps to 4 percent, aiming to curb rising inflation. It is the highest rate in two years.
Wednesday September 10 2014
Philippines Unemployment Rate Falls to 6.7%  
Philippines jobless rate kept its downward trend to 6.7 percent in July of 2014 from 7 percent in April, as more people were employed in the services and industry sectors. Figures for the province of Leyte which was hit by typhoon Haiyan are not included.
Friday September 05 2014
Philippines Inflation Rate Remains Steady in August  
Philippines annual inflation rate was recorded at 4.9 percent in August of 2014, the same clip registered in July but above market expectations. Core inflation accelerated to a seventeen-month high.
Thursday August 28 2014
Philippines Economy Grows 1.9% QoQ in Q2  
In the second quarter of 2014, the Philippines GDP advanced 1.9 percent on a seasonally adjusted basis over the previous quarter, higher than a revised 1.4 percent expansion in the previous three months and the fastest in the last five quarters. All major sectors posted growth.
Thursday August 28 2014
Philippines GDP Growth Beats Expectations  
Philippine economy grew an annual 6.4 percent in the second quarter of 2014, faster than a revised 5.6 percent expansion in the previous three month period. The expansion was driven by industry, services and agriculture sector while government expenditure declined.
Tuesday August 26 2014
Philippines Reports Trade Surplus in June  
Philippines reported a trade surplus of USD 731.33 million in June of 2014 compared to a USD 399 million deficit a year earlier, as exports surged 21.3 percent and imports fell 3.6 percent. In May, the country posted a USD 718.14 million surplus, the first trade surplus since November of 2013.
Tuesday August 05 2014
Philippines Inflation Accelerates in July  
Philippines annual inflation rate increased to 4.9 percent in July of 2014 from 4.4 percent in the previous month, mostly driven by rising cost of food and non-alcoholic beverages.
Thursday July 31 2014
Philippines Raises Policy Rate to 3.75%  
At its July 30th meeting, Philippines’ central bank raised its key policy rate by 25 basis points to 3.75% to stop price pressures.
Friday July 25 2014
Philippines Trade Balance Back to Surplus in May  
Philippines trade balance swung to a USD 718.14 million surplus in May of 2014 from a USD 743 million deficit in the previous month, the first black in the last seven months. Exports grew 6.9 percent year-on-year while imports fell 9.6 percent.
Friday July 04 2014
Philippines Inflation Rate Slows in June  
Philippines annual inflation rate eased to 4.4 percent in June of 2014 from 4.5 percent in the previous month, driven by softening prices of alcoholic beverages and tobacco, utilities, housing and leisure. Though inflation is slowing, it is still closer to the upper bound of the central bank’s target range 3 to 5 percent for this year.
Wednesday June 25 2014
Philippines Trade Deficit Widens in April  
Philippines trade gap increased to USD 743 million in April of 2014 from a USD 647 million deficit a year earlier. Exports grew a meager 0.8 percent year-on-year while imports rose at a faster 3 percent.
Thursday June 19 2014
Philippines Leaves Key Rate On Hold  
At its June 19th, 2014 meeting, Philippines’ central bank kept its key policy rate unchanged at 3.5 percent, but raised the short-term special deposit account facility by 25 bps to 2.25 percent, aiming to contain liquidity growth and eventual risks to price and financial stability.
Tuesday June 10 2014
Philippines Unemployment Rate Down to 7%  
In April of 2014, Philippines jobless rate decreased to 7 percent from 7.5 in the previous period and 7.6 percent a year ago. Figures from the province of Leyte which was hit by typhoon Haiyan are not included.
Thursday June 05 2014
Philippines Inflation Rate Up to 2-1/2-Year High  
Philippines annual inflation rate accelerated to 4.5 percent in May of 2014 from 4.1 percent in the previous month, driven by higher food, utilities and housing costs. It is the highest rate in thirty months, approaching the upper bound of the central bank’s target range 3 to 5 percent.
Thursday May 29 2014
Philippines Economy Expands 1.2% QoQ in Q1  
In the first quarter of 2014, the Philippines GDP advanced 1.2 percent on a seasonally adjusted basis over the previous quarter, slower than a revised 1.7 percent expansion in the previous three months, hurt by lower agricultural production.
Thursday May 29 2014
Philippines GDP Growth Slows in Q1  
The Philippine economy grew an annual 5.7 percent in the first quarter of 2014, slower than a revised 6.3 percent increase in the previous three months. It is the slowest expansion in over two years, as the impact of last year's typhoon still weights on farm output.
Tuesday May 27 2014
Philippines Trade Deficit Narrows in March  
Philippines trade gap decreased to USD 145.7 million in March of 2014 from a USD 253 million deficit a year earlier. Exports grew 12.3 percent year-on-year, driven by a 10 percent surge in electronic sales.
Thursday May 08 2014
Philippines Keeps Rates Steady  
At its May 8th, 2014 meeting, Philippines' Central Bank left its key policy rate unchanged at 3.50 percent, but raised the banks' reserve requirements by 1 percentage point for the second straight meeting, aiming to reduce liquidity growth.
Tuesday May 06 2014
Philippines Inflation Rate Edges Up in April  
Philippines annual inflation rate accelerated to 4.1 percent in April of 2014, up from 3.9 percent in the previous month and compared with 2.6 percent a year earlier. Food prices quickened to its fastest rate in almost three years, as supply constraints keep pushing rice cost up.
Friday April 25 2014
Philippines Trade Deficit Narrows in February  
Philippines trade gap decreased 93.1 percent from a year earlier in February of 2014 as exports surged 24.4 percent and imports rose 0.3 percent.
Friday April 04 2014
Philippines Inflation Rate Edges Down in March  
Philippines annual consumer prices decelerated for the second straight month to 3.9 percent, the lowest rate in four months, due to a slowdown in prices of alcoholic beverages, tobacco, housing, water, electricity, gas, recreation and restaurants.
Thursday March 27 2014
Philippines Leaves Rates on Hold, Raises Bank Reserve Requirements  
At its March 27th, 2014 meeting, Philippines' Central Bank decided to leave the key policy rate steady at 3.50 percent, but raised banks' reserve requirements by 1 percentage point effective on April 4th, 2014 to curb excess liquidity.
Tuesday March 25 2014
Philippines’ Trade Deficit Doubles in January  
The trade deficit widened in January of 2014 to USD -1.38 billion from USD -0.72 billion a year earlier and USD -0.70 billion in December of 2013. While exports climbed for the eighth consecutive month, imports posted the highest increase in nearly 3 years.
Tuesday March 11 2014
Philippines Unemployment Rate Up to 7.5%  
In January of 2014, Philippines jobless rate rose to 7.5 percent, up from 6.5 percent in the previous period and 7.1 percent a year ago. Typhoon-hit region VIII was not covered in the survey.
Wednesday March 05 2014
Philippines Inflation Rate Slows in February  
Philippines annual inflation fell to 4.1 percent in February from 4.2 percent in January, as alcoholic beverages, tobacco and transport prices rose at a slower pace. On a monthly basis, the inflation rate eased from 0.7 percent in January to 0.1 percent in February, as the country starts to recover from supply shocks caused by November’s Typhoon Haiyan.
Tuesday February 25 2014
Philippines Trade Deficit Narrows in 2013  
In 2013, Philippines trade deficit decreased 23 percent to USD 7.73 billion, from USD 10.03 billion in the previous year, due to a 3.6 percent rise in sales. Considering the last month of 2013, the trade deficit narrowed to USD 695 million.
Thursday February 06 2014
Philippines Monetary Policy Unchanged in February  
At its February 2nd meeting, Philippines' Central Bank decided to keep its key policy rate unchanged at 3.50 percent as recent inflationary pressures are mainly due to adverse weather conditions.
Wednesday February 05 2014
Philippines Inflation Rate Accelerates in January  
In January of 2014, Philippines annual inflation rate rose to 4.2 percent, up from 4.1 percent recorded in December and closer to the upper end of the central bank's 3.4 to 4.3 percent estimate for the month.
Thursday January 30 2014
Philippines GDP Expands 1.5% QoQ in Q4 2013  
In the fourth quarter of 2013, Philippines GDP advanced 1.5 percent over the previous quarter, slightly up from a revised 1.3 percent in the previous three-month period and boosted by the industrial production.
Thursday January 30 2014
Philippines Q4 2013 GDP Growth Hurt by Typhoon Haiyan  
In the fourth quarter of 2013, Philippines GDP slowed to an annual growth rate of 6.5 percent, down from a revised 6.9 percent in the previous three months and 7.1 percent a year earlier. Although Typhoon Haiyan hit the economy, robust household consumption made the GDP figures better than initial government estimates. Full 2013 GDP expanded 7.2 percent.
Friday January 24 2014
Philippines Trade Balance Returns to Deficit in November  
In November of 2013, Philippines trade balance turned into a deficit of USD 934 million, after recording a USD 201 million surplus in the previous month. Yet, compared with the same month last year, the trade deficit narrowed 40.9 percent, as exports posted a double-digit growth of 18.9 percent.
Tuesday January 07 2014
Philippines Inflation Rate Up to 2-Year High in December  
In December of 2013, Philippines inflation rate accelerated for the fourth consecutive month to 4.1 percent, the highest rate since December of 2011, as all commodity prices recorded higher annual increases except communication, recreation and culture and education.
Friday December 27 2013
Philippines Trade Balance Turns Into a Surplus in October  
In October of 2013, Philippines trade balance turned into a USD 201 million surplus, the first surplus in three years. While exports rose for the fifth consecutive month by an annual 14 percent, imports recorded the steepest fall since April of 2012, as purchases of electronic parts fell 7.3 percent yoy.
Thursday December 12 2013
Philippines Holds Rate at 3.5% in December  
At its December 12th meeting, Philippines' Central Bank decided to keep its key policy rate unchanged at 3.50 percent to support the economy's recovery from Typhoon Haiyan.
Tuesday December 10 2013
Philippines Unemployment Rate Down to 2-Year Low in October  
In October of 2013, Philippines jobless rate fell to 6.5 percent, the lowest value since since October of 2011.
Thursday December 05 2013
Philippines Inflation Rate Edges Up to 3.3% in November  
In November of 2013, Philippines inflation rate rose for the third straight month to 3.3 percent, 0.4 percent higher than October’s figure. Upward pressures came from higher food, housing and transport prices due to the effects of Typhoon Haiyan. Inflation a year ago was reported at 2.8 percent.
Thursday November 28 2013
Philippines’s GDP Grows 1.1% QoQ in Q3  
In the third quarter of 2013, Filipino GDP growth slowed for the second straight quarter to a seasonally adjusted 1.1 percent, from 1.6 percent in the previous period. The government expects full-year GDP growth close to the 6-7 percent goal, targets 6.5 to 7.5 percent in 2014.
Thursday November 28 2013
Philippine Economy Expands at a Slower Rate in Q3  
Philippines' GDP advanced 7.0 percent in the third quarter of 2013 from 7.6 percent in the previous three-month period and 7.3 percent a year earlier. It is the slowest growth rate in the last five quarters, as a rebound in the external sector was not enough to offset a slowdown in government spending.
Tuesday November 26 2013
Philippines Trade Deficit Widens in September  
In September of 2013, Philippines’ trade deficit increased to USD 665 million, from USD 516 million a year earlier. While sales of electronic products surged 12.8 percent year-on-year, imports rose at a faster pace of 29.8 percent.
Tuesday November 05 2013
Philippines Inflation Rate Up to 2.9% in October  
Philippines inflation rate climbed to a 7-month high in October and reached 2.9 percent, fueled by higher cost of food and clothing.
Friday October 25 2013
Philippines Trade Deficit Narrows in August Over a Year Earlier  
In August of 2013, Philippines’ trade deficit narrowed to USD 961 million, from USD 1374 million a year earlier. Although exports recorded its fastest growth for the year, imports increased at their best pace in more than two years.
Thursday October 24 2013
Philippines Monetary Policy Unchanged in October  
Bankgo Sentral NG Pilipinas decided on October 24th to leave its key policy rate rate unchanged at 3.5 percent, in line with market expectations, citing benign inflation and robust domestic activity.
Friday October 04 2013
Philippines' Inflation Up to 3-Month High in September  
In September, Philippines' annual inflation rate rose to 2.7 percent from 2.1 percent in August. The speed up is mainly due to higher prices of food, non-alcoholic beverages and utilities.
Wednesday September 25 2013
Philippines Trade Deficit Increases in July  
In July of 2013, Philippines’ trade deficit widened to USD 649 million, from USD 320 million a year earlier. While exports grew for the second consecutive month and electronic shipments rose for the first time this year, imports increased at their best pace in seven months.
Thursday September 12 2013
Philippines Central Bank Holds Key Rate at 3.5%  
Bankgo Sentral NG Pilipinas decided on September 12th to leave the benchmark interest rate unchanged at 3.5 percent for the 12th straight meeting, citing benign inflation and strong growth.
Tuesday September 10 2013
Philippines Unemployment Rate At 7.3% in July  
Philippines jobless rate dropped to 7.3 percent in July from 7.5 percent reported in April. Over a year ago, the number of unemployed people increased 200 thousand to 3 million.
Thursday September 05 2013
Philippines' Inflation Rate Slows to 2.1% in August  
Philippines' annual inflation rate further decelerated to 2.1 percent in August from 2.5 percent in July, mainly due to lower cost of food, housing and transport. Inflation a year ago was 3.8 percent.
Thursday August 29 2013
Philippines’ Economy Expands 1.4% QoQ in Q2  
In the second quarter of 2013, Philippines' GDP grew a seasonally adjusted 1.4 percent, slowing from 2.3 percent growth recorded in the first three months of 2013. While the agricultural sector contracted over the previous quarter, services and industry eased.
Thursday August 29 2013
Philippines GDP Expands 7.5% YoY in Q2  
In the second quarter of 2013, Philippines’ GDP expanded an annual 7.5 percent, from 7.7 percent in the previous quarter and 6.3 percent a year earlier. Strong consumer and public spending, together with increasing investment were enough to offset a drop in the external sector.
Tuesday August 27 2013
Philippines Trade Deficit Narrows in June  
In June of 2013, Philippines’ trade deficit decreased to USD 369 million, from USD 789 million a year earlier. While the annual drop in imports doubled to 4.8 percent from 2.4 percent in the previous month, exports increased 4.1 percent.
Tuesday August 06 2013
Philippines' Inflation Rate Down to 4-Year Low in July  
Philippines' annual headline inflation rate eased to 2.5 percent in July, the lowest since October of 2009, as most items showed small price increases. Inflation a year ago was 3.2 percent.
Thursday July 25 2013
Philippines Monetary Policy Unchanged in July  
In its July meeting, Bankgo Sentral NG Pilipinas left the benchmark interest rate unchanged at 3.5 percent, citing upside risks to the inflation, including pending utility rate adjustments as well as the recent depreciation of the peso.
Thursday July 25 2013
Philippines Trade Deficit Narrows in May  
In May of 2013, Philippines’ trade deficit decreased to USD 370 million, from USD 1020 million in the previous month and USD 454 million a year earlier, as year-on-year imports contracted more than exports.
Friday July 05 2013
Philippines Inflation Rate Up to 2.8% in June  
Philippines' annual headline inflation rate picked up to 2.8 percent in June from 2.6 percent in May. This was due to higher annual increments in the indices for alcoholic beverages and tobacco; health; transport; recreation and culture; and education. Inflation in June of 2012 was also pegged at 2.8 percent.
Tuesday June 25 2013
Philippines Trade Deficit Widens in April on Rising Imports  
In April of 2013, Philippines’ trade deficit widened to USD 1020 million, from USD 593 million in the previous month and USD 153 million a year earlier. While exports dropped on weak US and China demand, imports recorded the first annual rise in four months.
Thursday June 13 2013
Philippines Holds Policy Rate at a Record Low of 3.5%  
The Monetary Board of Philippines Central Bank decided on June 13th, to maintain the key interest rate at 3.5 percent, as the country enjoys strong economic growth and moderate inflation.
Tuesday June 11 2013
Philippines Unemployment Rate Up to 7.5% in April  
Philippines jobless rate increased to 7.5 percent in April from 7.1 percent reported in January and 6.9 percent in April of 2012. The unemployment rate was pushed up by job losses in the agricultural sector due to extreme weather conditions.
Wednesday June 05 2013
Philippines Inflation Rate Steady at 2.6% in May  
In May of 2013, the Philippines’ year-on-year headline inflation remained at its previous month’s rate of 2.6 percent, as the slower rise in the costs of most goods offset increases in food and beverage prices.
Thursday August 15 2013
Philippines Strong Growth is Likely to Hold  
In the first quarter of 2013, Philippines’ economy grew well above market expectations. The high rate of expansion is expected to endure in the months ahead as business and consumer confidence remain strong. Moreover, as long as the country is able to avoid further foreign capital outflow, the recent depreciation of the peso against the US dollar may give a boost to the export sector.
Thursday May 30 2013
Philippines' GDP Expands 2.2% QoQ in Q1 2013  
Philippines' GDP gained momentum and grew by 2.2 percent on a seasonally adjusted basis in the first quarter of 2013. All major sectors registered gains compared to the previous quarter.
Thursday May 30 2013
Philippines' GDP Growth Beats Forecasts in Q1 2013  
In the first quarter of 2013, Philippines' economy expanded by 7.8 percent yoy, up from 7.1 percent in the previous quarter, making the country fastest growing economy in Asia. The growth was driven mainly by robust domestic consumption and government spending.
Friday May 24 2013
Philippines' March Imports Down; Exports Flat  
In March of 2013, total external trade in goods reached $9.251 billion, representing a 4.6 percent decline from $9.694 billion recorded in the same month of 2012. This was due to the 8.4 percent downward trend of total imports, while exports showed a slight 0.1 percent increase over a year earlier. The trade deficit narrowed in March of 2013 to $ -593.1 million, from $ -1048 million a year earlier.
Tuesday May 07 2013
Philippines Inflation Rate Down to 2.6% in April  
The country’s annual headline inflation further slowed down to 2.6 percent in April from 3.2 percent in March, easing to a 13-month low. It resulted from the slower annual increments in all the commodity groups except in the education index. The annual decline still recorded in the transport index also contributed to the downtrend. Inflation a year ago was 3.0 percent.
Thursday April 25 2013
Philippines Monetary Policy Unchanged in April  
The Monetary Board of Philippines decided to maintain the key interest rate fixed at 3.5 percent, as inflation expectations remain in the Central Bank's target.
Thursday April 25 2013
Philippines Trade Deficit Widens in February  
In February of 2013, the Balance of Trade for the Philippines registered a deficit of $916 million from $566 billion deficit in the same period last year. This was due to the 5.8 percent downward trend of total imports from $4.996 billion to $4.708 billion in February 2013. Similarly, exports showed a 15.6 percent decrement from $4.430 billion to $3.741 billion in February 2013. Total external trade in goods for February 2013 reached $8.449 billion, representing a 10.4 percent decrease from $9.427 billion recorded during the same month in 2012.
Friday April 05 2013
Philippines Inflation Rate Slows to 3.2% in March  
Year-on-year headline inflation rate in the Philippines decelerated to 3.2 percent in March from 3.4 percent in February, as prices of food and non-alcoholic beverages, utilities and transport recorded slower increases during the month.
Tuesday March 26 2013
Philippines Trade Deficit Narrows in January  
In January of 2013, the Balance of Trade for the Philippines registered a deficit of $714 million from $1.010 billion deficit in the same period last year. This was due to the 8.0 percent downward trend of total imports from $5.134 billion to $4.725 billion in January 2013. Similarly, exports showed a 2.7 percent decrement from $4.123 billion in January 2012 to $4.011 billion. Total external trade in goods for January 2013 reached $8.735 billion, representing a 5.6 percent decrease from $9.257 billion recorded during the same month in 2012.
Friday March 15 2013
Philippines Unemployment Rate Up to 7.1% in January  
In Philippines, the unemployment rate rose to 7.1 percent in January of 2013, from 6.8 percent in October of 2012. The employment rate is estimated at 92.9 percent, from 93.2 percent recorded last quarter.
Thursday March 14 2013
Philippines Monetary Policy Unchanged in March  
The Monetary Board of Philippines decided to maintain the key interest rate fixed at 3.5 percent, as inflation expectations remain in the Central Bank's target
Tuesday March 05 2013
Philippines Inflation Up to 3.4% in February  
In Philippines the inflation rate increased to 3.4 percent in February of 2013, its fastest value in five months, mainly due to higher prices of food, alcoholic beverages, tobacco and domestic petroleum products.
Tuesday February 26 2013
Philippines Trade Deficit Widens in December  
In December of 2012, the Balance of Trade for the Philippines registered a deficit of $1.275 billion, as exports reached $3.971 billion and imports expanded to $5.246 billion. Total external trade in goods for December of 2012 reached $9.216 billion, representing a 14.6 percent increase from $8.040 billion recorded during the same month in 2011.
Friday May 10 2013
Philippines Beats Growth Target  
Recent updates for the Philippines show that the economy is strongly holding momentum.
Tuesday February 05 2013
Philippines Inflation Accelerated in January  
Year-on-year headline inflation rose slightly to 3.0 percent in January from 2.9 percent in December, and was within the BSP’s monthly forecast of 2.5-3.4 percent for the month.
Thursday January 31 2013
Philippines' GDP Expanded by 1.5 Percent in the Fourth Quarter of 2012  
Philippine's economy has grown 1.5 percent over the previous quarter, and 6.8 percent over the same quarter of the previous year.
Thursday January 24 2013
Philippines Monetary Policy Remains Unchanged in January  
The Monetary Board of Philippines decided to mantain interest rates fixed at 3.5 percent, as inflation expectations remain in the Central Bank's target
Friday January 18 2013
Monetary Board Maintains Policy Rates in December  
At its meeting today, the Monetary Board decided to maintain the BSP's key policy interest rates at 3.50 percent for the overnight borrowing or reverse repurchase (RRP) facility and 5.50 percent for the overnight lending or repurchase (RP) facility. The interest rates on term RRPs, RPs, and special deposit accounts (SDAs) were also maintained accordingly. The reserve requirement ratios were kept steady as well.
Thursday January 10 2013
Philippines Trade Deficit Widens in October  
The balance of trade for the Philippines in October 2012 registered a deficit of $832 million, as exports stood at $4.41 billion and imports at $5.24 billion. Total external trade in goods for October 2012 reached $9.648 billion, representing a 5.1 percent increase from $9.180 billion recorded during the same month in 2011.
Friday December 21 2012
Philippines Economy Expands by 1.3 Percent in Q3  
Beating expectations, the domestic economy accelerated for the third consecutive quarter to 7.1 percent this year from the 3.2 percent last year. On a seasonally adjusted basis, GDP grew by 1.3 percent from 1.2 percent while GNI grew at a slower pace of 1.2 percent in the third quarter from 1.4 percent in the second quarter of 2012.
Friday December 21 2012
Philippines Balance of Trade Deficit Widens in September  
The balance of trade for the Philippines in September 2012 registered a deficit of $483 million, as exports stood at $4.78 billion while imports surged to $5.27 billion.
Friday December 21 2012
Philippines Cuts Interest Rate by 0.25 Percent  
At its meeting on October 10, the Monetary Board decided to reduce the BSP's key policy interest rates by 25 basis points to 3.50 percent for the overnight borrowing or reverse repurchase (RRP) facility and 5.50 percent for the overnight lending or repurchase (RP) facility.
Friday December 21 2012
Philippines Unemployment Rate Down to 6.8 Percent in October  
The proportion of the unemployed persons to the labor force was estimated at 2.8 million, which translated an unemployment rate of 6.8 percent.Employment Rate is estimated at 93.2 Percent in October 2012, results from the October 2012 Labor Force Survey (LFS) show.
Friday December 21 2012
Philippines Inflation Rate Down to 2.8 Percent  
Headline inflation continued to decelerate to 2.8 percent year-on-year in November from 3.1 percent in October, and was within the central bank's (BSP) forecast of 2.7-3.6 percent for the month.
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