Unemployment in Philippines
Philippines - UnemploymentEconomic growth likely slowed in the first quarter of this year from Q4 2018’s recently revised print, owing to increasing headwinds from both the domestic and external sectors. The manufacturing sector continued to weaken in March, with the PMI falling to a 7-month low and business confidence slumping to the lowest level in the survey’s three-year history. Likewise, merchandise exports slumped again in February. Meanwhile, the protracted budget deadlock continues to derail new public works projects and social program spending that were scheduled to begin this year. This, coupled with the election spending ban on new infrastructure projects (spanning from the end of March to mid-May), suggest public investment will likely be feeble in the first half of the year, which would eat into overall growth in Q1 and Q2.
Philippines - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Philippines Unemployment Chart
Source: National Statistics Office.
|Bond Yield||5.80||-4.11 %||May 10|
|Exchange Rate||52.46||0.02 %||May 13|
|Stock Market||7,742||0.66 %||May 10|
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May 16, 2019
Cash remittances from Overseas Filipino Workers (OFW) totaled USD 2.5 billion in March, which was a 6.6% increase from the same month a year prior.
May 9, 2019
At its 9 May monetary policy meeting, the Central Bank of the Philippines (BSP) cut the overnight reverse repurchase facility (RRP) to 4.50% from 4.75%, unwinding some of last year’s aggressive 175 basis point tightening.
May 9, 2019
The economy slowed notably in the first quarter of this year.
May 8, 2019
Merchandise exports contracted 2.5% in annual terms in March, falling at a sharper rate than the upwardly revised 0.1% dip logged in February (previously reported: -0.9% year-on-year).
May 7, 2019
Consumer prices rose 0.25% over the previous month in April, following March’s flat print.