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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.
September 01, 2023
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Philippines PMI manufacturing 49.7 in Aug-23


- The Philippines' PMI manufacturing posted a contraction with a reading of 49.7 in August 2023, the lowest level since August 2021, and 2.48 points below the one-year average.
- The decline in manufacturing activity could be attributed to negative GDP growth in Q2-23, a trade deficit of -3.92 billion in June 2023, and industrial production growth of only 3.92% year-on-year in the same month.

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