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September 07, 2023
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Philippines industrial production 5.71% y-o-y in Jul-23

- Industrial production in the Philippines shows promising growth with a year-on-year increase of 5.71% in July 2023, the highest since May 2023.
- Despite the recent improvement, industrial production remains below both the one-year average and the long-run average, suggesting ongoing challenges for the sector. Additionally, the trade deficit of -3.92 billion in June 2023 points to an imbalance in the country's trade.

September 05, 2023
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Philippines CPI inflation 5.33% y-o-y (consensus 4.9) in Aug-23



- Philippines CPI inflation in August 2023 exceeded expectations, reaching 5.33% y-o-y, signaling increased price levels during this period.
- The core CPI inflation rate of 6.15% y-o-y suggests that underlying inflationary pressures may be a concern, highlighting the need for careful monitoring of price stability.

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