International Reserves in Philippines

Philippines International Reserves | Economic News & Forecasts

Philippines - International Reserves

Economic growth gained steam in the third quarter for the first time this year, powered by robust domestic demand. Private consumption strengthened amid decelerating inflation and lower borrowing costs, while the government fired up public spending on infrastructure projects—after the 2019 budget was finally passed—to try to meet its 2019 growth target. Despite the positive headline result, fixed investment continued to struggle in the third quarter even as construction investment surged, while the longstanding Sino-American trade clash suppressed exports growth. Turning to the fourth quarter, the economy likely remained fairly stable. Manufacturing conditions improved slightly in October on burgeoning new business, and a recovery in export orders bodes well for the external sector. Meanwhile, the sustained decline in inflation in the same month should support household expenditures.

Philippines - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (USD)83.2  79.5  80.7  80.7  81.6  

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Philippines International Reserves Chart

Philippines International Reserves
Note: International reserves in months of imports.
Source: Central Bank of the Philippines and FocusEconomics calculations.

Philippines Facts

Bond Yield4.47-4.11 %Sep 04
Exchange Rate51.880.02 %Sep 04
Stock Market7,8410.66 %Sep 04

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