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 8.0 (Sep17)7.0 7.0
Broad Money Growth 2 15.4 (Aug17)15.4 13.5
Headline Inflation Rate 3 3.1 (Aug17)2.8 1.8
Industrial/ Manufacturing Production Growth Rate 3 -1.1 (Jul17)6.8 12.1
Merchandise Export Growth 3 10.4 (Jul17)10.4 5.8
Exchange Rate Index 4 97.3 (Sep17)97.2 90.7
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.