Fiscal Balance in Philippines
Philippines - Fiscal BalanceFollowing the mild slowdown in the third quarter, available data paints a promising picture for the fourth quarter. The manufacturing PMI moved higher in October and November, with a sharp acceleration in new business and output in November highlighting solid business conditions in the sector. Moreover, lower oil prices throughout the quarter should likely lead to a lower import bill, which will help partially curtail the widening current account deficit and should alleviate inflationary pressures. Meanwhile, the booming real estate market, which has been propelled by remittances and Chinese demand, has so far been resilient to tighter monetary conditions, which bodes well for consumer spending and fixed investment in the quarter.
Philippines - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-1.4||-0.6||-0.9||-2.4||-2.2|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||6.49||-4.11 %||Jan 16|
|Exchange Rate||52.17||0.02 %||Jan 16|
|Stock Market||7,865||0.66 %||Jan 16|
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January 15, 2019
Cash remittances from Overseas Filipino Workers (OFW) totaled USD 2.3 billion in November, a 2.8% increase compared to the same month of the previous year.
January 10, 2019
Merchandise export growth contracted 0.3% in annual terms in November, swinging from the upwardly revised 5.5% expansion registered in October (previously reported: +3.3% year-on-year).
January 4, 2019
Consumer prices fell sharply in December, decreasing 0.6% over the previous month, following the 0.2% fall registered in November.
January 2, 2019
The manufacturing Purchasing Managers’ Index (PMI), produced by Nikkei and IHS Markit, dipped to 53.2 points in December from 54.2 points in November.
December 17, 2018
Cash remittances from Overseas Filipino Workers (OFW) increased USD 2.5 billion in October, rising 8.7% over the same month of the prior year and accelerating from the 2.3% increase seen in September.