Revisions to the first-quarter gross domestic product (GDP) kept economic growth steady at 5.4 percent, the Philippine Statistics Authority (PSA) said.
Data for second-quarter GDP are scheduled for release on Thursday.
The PSA reported downward revisions in several sectors. Growth in electricity, steam, water, and waste management was adjusted to 2.7 percent from 3.8 percent. Financial and insurance activities were revised to 6.9 percent from 7.2 percent, while information and communication was lowered to 4.7 percent from 5.6 percent.
These were offset by upward revisions in other areas.
Manufacturing was adjusted to 4.3 percent from 4.1 percent, real estate and ownership of dwellings to 3.7 percent from 3.3 percent, and professional and business services to 5.2 percent from 5.0 percent.
Gross National Income for the first quarter was revised downward to 7.2 percent from 7.5 percent. Net Primary Income from the Rest of the World was also lowered to 22 percent from 24.6 percent.
The PSA said the changes to GDP estimates follow an approved revision policy aligned with international standards for national accounts.
