Top News
Jobs market holds steady in April despite soft spots; jobless rate 4.1%
The Philippine labor market held its ground in April, even as early signs of strain emerged beneath the surface. Unemployment inched up slightly to 4.1 percent, from 4.0 percent a year earlier, yet the economy still managed to add more jobs and keep employment rates above 95 percent—a level considered healthy by most standards.
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.
