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BSP monitors consumer gloom as pessimism rises in early 2025
Consumer confidence in the economy declined further in the first quarter of 2025, according to the Bangko Sentral ng Pilipinas (BSP), as concerns over rising prices, shrinking incomes, and weaker job prospects weighed heavily on household sentiment.
PH keeps ‘A-’ rating from JCR amid strong growth, low inflation
The Japan Credit Rating Agency, Ltd. (JCR) has affirmed the Philippines’ sovereign credit rating at “A-” with a “stable” outlook, reflecting confidence in the country’s macroeconomic stability and growth trajectory.
Inflation eases again, now below BSP target
The country's annual inflation rate dipped slightly to 1.3 percent in May, down from 1.4 percent in April, according to data released by the Philippine Statistics Authority. While the decline is modest, it marks a continued deceleration in price increases, indicating a slower pace of inflationary momentum.
Manufacturing PMI slips to 50.1 in May
The S&P Global Philippines manufacturing purchasing managers’ index (PMI) dropped to 50.1 in May from 53 in April, signaling a sharp slowdown in sector growth.
WESM rates drop 11% in May, easing power costs for businesses and consumers
The average price of electricity in the Wholesale Electricity Spot Market (WESM) dropped by 11.2 percent to ₱4.01 per kilowatt-hour (kWh) in May, offering relief to commercial and residential consumers amid steady demand growth, according to the Independent Electricity Market Operator of the Philippines (IEMOP).
