The country’s headline inflation further decelerated to a five-month low of 2.2 percent in April from 2.5 percent the month before on the back of lower oil prices, the Philippine Statistics Authority (PSA) reported on Tuesday. The statistics agency said consumer price growth last month was the slowest since the 1.3 percent posted in November […]
Read MoreAnalysts expect the Bangko Sentral ng Pilipinas (BSP) to further reduce interest rates after the country’s headline inflation dipped to a five-month low of 2.2 percent in April. According to ING Bank Manila, ANZ Research, Nomura and JP Morgan analysts, lower consumer price growth last month gives the central bank more space to continue easing […]
Read MoreThe country’s manufacturing production, both in volume and value, fell in March, partly on the back of the decrease in petroleum products, the Philippine Statistics Authority (PSA) reported on Tuesday. Results of the statistics agency’s latest Monthly Integrated Survey of Selected Industries showed that the volume of production index (VoPi) contracted by 6.3 percent in […]
Read MoreMANILA, Philippines — The Philippines’ long-struggling agriculture sector suffered a fresh setback in the first three months, pulled down by less harvests and an underperforming fisheries sector and dashing hopes of some economic growth at the start of the year. The value of farm output declined 1.2% year-on-year from January to March, down further from […]
Read MoreMANILA, Philippines — Philippine manufacturing activity recorded a sharp downturn in April following the severe Luzon-wide quarantine that locked down a large section of the economy, according to the latest survey of IHS Markit Philippines. IHS Markit said its final Philippine manufacturing Purchasing Managers’ Index (PMI) declined further to 31.6 in April from 39.7 in […]
Read MoreMANILA, Philippines — Moody’s Analytics Inc. and Fitch Solutions Country Risk & Industry Research expect a slower economic growth for the Philippines as the costs of the coronavirus disease 2019 or COVID-19 outbreak continue to mount in Asia. In its latest weekly Asia Pacific economic preview, Moody’s Analytics said the Philippine economy may grow by […]
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