International Reserves in Philippines
Philippines - International ReservesEconomic 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
|International Reserves (USD)||83.2||79.5||80.7||80.7||81.6|
5 years of economic forecasts for more than 30 economic indicators.
Philippines International Reserves Chart
Source: Central Bank of the Philippines and FocusEconomics calculations.
|Bond Yield||4.47||-4.11 %||Sep 04|
|Exchange Rate||51.88||0.02 %||Sep 04|
|Stock Market||7,841||0.66 %||Sep 04|
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November 15, 2019
Cash remittances from Overseas Filipino Workers (OFW) totaled USD 2.4 billion in September, increasing 6.3% on an annual basis, which was up from the 4.6% expansion in August (USD 2.6 billion).
November 14, 2019
At its 14 November monetary policy meeting, the Central Bank of the Philippines (BSP) maintained the overnight reverse repurchase facility (RRP) at 4.00%, in line with market expectations.
November 7, 2019
The economy turned a corner in the third quarter as growth accelerated for the first time this year.
November 6, 2019
Merchandise exports fell 2.6% in annual terms in September, down from the meager 0.8% increase registered in August.
November 5, 2019
Consumer prices rose 0.17% month-on-month in October, matching September’s increase.