Despite weak external demand that hit exports, the economy showed robust growth from a rise in household consumption, private investment and strong government spending. Robust growth in domestic demand should drive economic growth up this year and in 2017.

A more severe El Niño impact on agriculture and food prices is a risk.

Source: Asian Development Outlook 2016, ADB.
Latest Month-Ago Year-Ago
Composite Stock Price Index 1 7.0 (Feb17)7.0 6.0
Broad Money Growth 2 11.2 (Mar17)11.2 12.6
Headline Inflation Rate 3 3.4 (Apr17)3.4 1.1
Industrial/ Manufacturing Production Growth Rate 3 10.7 (Feb17)7.2 11.6
Merchandise Export Growth 3 8.7 (Feb17)8.7 22.0
Exchange Rate Index 4 95.0 (Apr17)95.9 88.4
1 Monthly average, local index.
2 %.
3 y-o-y, %.
4 Monthly average, January 2006 = 100, $/local currency.
Source: Bloomberg LP; CEIC database; Philippine Statistics Authority; National Statistics Office.