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Strong loan growth and liquidity trends in September
Preliminary data from the Bangko Sentral ng Pilipinas (BSP) highlighted continued growth in lending and domestic liquidity in September, reflecting robust economic activity and financial stability.
Foreign currency reserves remain strong at US$112.43B in October
The country's gross international reserves (GIR) stood at USD112.43 billion as of end-October 2024, slightly lower than the USD112.71 billion recorded at the end of September 2024, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).
Philippine economy grows a slower 5.2% in 3Q
The Philippine economy expanded by 5.2 percent year-on-year in the third quarter, a slower pace mainly due to the contraction in agriculture as a result of El Niño and several typhoons that negatively impacted farm output, along with a moderation in the growth of industry and services.
Philippine unemployment drops to 3.7% in September
The Philippine Statistics Authority on Wednesday reported a significant improvement in the labor market In September, with the economy creating more jobs to trim the unemployment rate down to 3.7 percent.
Inflation rises to 2.3% in October
Headline inflation climbed to 2.3 percent in October, up from 1.9 percent in September on higher food prices.
