MANILA, Philippines — Manufacturing output continued its massive rebound streak in July, registering three-digit gains for the fourth consecutive month largely due to low base effects and supported by economic activities prior to renewed mobility curbs. Factory output, as measured by the Volume of Production Index (VoPI), surged by 538 percent in July, coming from […]
Read MoreMANILA, Philippines — The Philippines has the cheapest grocery items among markets in Southeast Asia, according to price aggregator iPrice. Amid the ongoing pandemic, iPrice said top online groceries in the country registered a notable increase in traffic this year. The iPrice study showed the Philippines has the most affordable grocery items in Southeast Asian […]
Read MoreMANILA, Philippines — The latest spike in inflation may not be the last as a further reacceleration for the remainder of 2021 is expected, with the country yet to fully feel the impact of rising global commodity prices. In a report, UK-based Pantheon Macroeconomics said the inflation surge is far from over with non-core pressures […]
Read MoreMANILA, Philippines — Foreign trade posted another month of double-digit growth in July, thanks to favorable base effects that magnified both exports and imports expansion, but the global spread of highly-infectious Delta variant could slow down recovery momentum. What’s new External trade rose 19.2% year-on-year to $16.13 billion in July, the Philippine Statistics Authority reported Thursday. […]
Read MoreMANILA, Philippines — The proportion of unemployed Filipinos went up in June, a new poll released Wednesday showed, painting a bleak economic picture amid prolonged pandemic lockdowns. A June 23-36 Social Weather Stations (SWS) survey of 1,200 adults found that 27.6% of the country’s adult labor force are unemployed, higher by 1.8 percentage points compared to […]
Read MoreHighest in nearly 3 years MANILA, Philippines — Inflation moved at a faster pace in August, jumping to nearly five percent to reach its highest level in almost three years amid more expensive food products and higher energy costs during the month. Headline inflation, the rate of increase in the price index of the basket […]
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