2020 PH econ growth revised to -9.6 percent

Credit to Author: Anna Leah E. Gonzales| Date: Thu, 08 Apr 2021 16:20:22 +0000

The contraction of the country’s gross domestic product (GDP) was revised downward to -9.6 percent from the earlier -9.5 percent, the Philippine Statistics Authority (PSA) said. “Gross domestic product (GDP) for the fourth quarter of 2020 maintained its growth rate of -8.3 percent while annual growth rate of GDP for 2020 was revised downward from […]

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Producer price index down in Feb

Credit to Author: Anna Leah E. Gonzales| Date: Fri, 02 Apr 2021 16:20:16 +0000

The Producer Price Index (PPI) for the manufacturing sector continued to move downward at -5.3 percent, the same rate recorded in January 2021, the Philippine Statistics Authority (PSA) said. In a report, PSA said in February last year, the PPI declined at an annual rate of -3.0 percent. The downturn was attributed to the decreases […]

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Agri trade down 6.8% in Q4 2020

Credit to Author: Eireene Jairee Gomez| Date: Wed, 24 Mar 2021 16:22:29 +0000

The Philippines’ total value of agricultural trade declined to $5.65 billion in the last three months of 2020, down by 6.8 percent from the $4.99 billion registered in the same period a year earlier, the Philippine Statistics Authority (PSA) said. The agency said the country’s agricultural export decreased by 10.4 percent valued at $1.46 billion […]

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‘Palay’ output seen rising by 7.5% in Q1

Credit to Author: Eireene Jairee Gomez| Date: Fri, 19 Mar 2021 16:18:39 +0000

PHILIPPINE palay (unhusked rice) production is seen increasing by 7.5 percent to 4.583 million metric tons (MT) in the first quarter of the year as compared to the previous year’s 4.261 million MT, the Philippine Statistics Authority (PSA) said on Thursday. In its report titled “Updates on Palay and Corn Estimates,” PSA revised its earlier estimate of […]

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Industry revenue growth contracts in Q4

Credit to Author: Anna Leah E. Gonzales| Date: Thu, 18 Mar 2021 16:19:22 +0000

The gross revenue growth of Philippine industries contracted by 12.4 percent in the fourth quarter of 2020 from the 3.20-percent growth in the same period last year, the Philippine Statistics Authority (PSA) reported on Thursday. The PSA said that among industries, other services recorded the largest decline of 32.1 percent. This was followed by declines […]

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Trade shortfall widens to $2.4B in January

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Fri, 12 Mar 2021 16:25:21 +0000

The country’s trade deficit expanded to its largest level in a year in January as imports outpaced exports, the Philippine Statistics Authority (PSA) reported on Friday. Data from the statistics agency showed that the value of inbound shipments fell by 14.9 percent year-on-year to $7.91 billion and outbound ones declined by 5.2 percent to $5.48 […]

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Trade deficit soars to $2.42B in Jan

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Fri, 12 Mar 2021 06:09:00 +0000

THE country’s trade gap in January widened in one year as the value of imports remained higher than exports, Philippine Statistics Authority (PSA) data showed on Friday. According to the statistics agency, inbound and outbound shipments plunged by 14.9 percent year-on-year to $7.91 billion and by 5.2 percent to $5.48 billion respectively. This resulted in […]

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Fall in factory output slows in Dec

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Fri, 05 Feb 2021 16:26:48 +0000

The country’s manufacturing production, both in volume and value, fell at a slower pace in December, the Philippine Statistics Authority (PSA) reported on Friday. Results of the statistics agency’s latest Monthly Integrated Survey of Selected Industries (Missi) showed that the country’s Volume of Production Index (VoPI) shrank by 2.8 percent in the 12th month of […]

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PH economy sinks to record low in 2020

Credit to Author: Anna Leah E. Gonzales| Date: Thu, 28 Jan 2021 16:30:37 +0000

The Philippine economy dived to its lowest level in the postwar era last year after shrinking by 8.3 percent in the fourth quarter, the Philippine Statistics Authority (PSA) announced on Thursday. In a briefing, National Statistician Claire Dennis Mapa said the October-to-December gross domestic product (GDP) figure was an improvement from the revised 11.4-percent decline […]

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Trade gap shrinks to $1.73B in November

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Fri, 08 Jan 2021 16:45:06 +0000

The country’s trade deficit last November slid to its smallest level in five months as imports surpassed exports, Philippine Statistics Authority (PSA) data showed on Friday. According to the statistics agency, inbound shipments slipped by 18.9 percent year-on-year to $7.52 billion and outbound ones climbed by 3 percent to $5.79 billion. This resulted in the […]

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