Archive

August 10, 2023
PH.png

Philippines GDP growth -0.9% q-o-q (consensus 0.3) in Q2-23



- Philippines GDP growth in Q2-23 contracted by -0.9% quarter-on-quarter, significantly lower than the consensus estimate of 0.3%, marking the lowest growth since Q2-20.
- The Q2-23 GDP growth was 2.10 percentage points below the long-run average and 2.38 percentage points below the one-year average, indicating a significant deviation from expected growth rates and underperformance in the economy.
August 08, 2023
PH.png

Philippines industrial production 3.92% y-o-y in Jun-23


- Philippines industrial production experiences the slowest growth since March 2021, with a year-on-year increase of 3.92% in June 2023, significantly lower than the previous rate of 9.89%.
- The trade balance in the Philippines shows a deficit of $3.92 billion in June 2023, indicating higher imports than exports during the period.

By country