The country’s agriculture output shrank in the second-quarter, but the contraction moved at a much slower pace compared with the previous year, the Philippine Statistics Authority (PSA) said. The PSA reported on Monday, Aug. 8, that the value of production of the local farm sector, which accounts...
The number of unemployed Filipinos inched up in June as job seekers joining the labor force increased, but the unemployment rate was steady at 6 percent, data from the Philippine Statistics Authority (PSA) showed on Monday, Aug. 8. Based on the June 2022 round of PSA’s Labor Force Survey, there...
Growth in consumer prices soared further in July to 6.4 percent from 6.1 percent in June, bringing year to date inflation to 4.7 percent, as supply limitations in the domestic market squeezed food costs, the Philippine Statistics Authority (PSA) reported Friday, Aug. 5. Headline inflation, which...
Factory output grew at a much faster pace in May due to strong production of machinery and equipment, the Philippine Statistics Authority (PSA) reported Thursday, July 7. In its Monthly Integrated Survey of Selected Industries (MISSI), the PSA said the country's volume of production index (VoPI)...
The number of unemployed Filipinos climbed in May as there were not enough jobs for the growing working-age population entering the labor market, data from the Philippine Statistics Authority (PSA) showed on Thursday, July 7. Based on the PSA’s May 2022 Labor Force Survey, the country’s...
The country's unemployment fell to 5.7 percent in April, nearing the 5.3 percent pre-COVID level, on continued reopening of the domestic economy, data from the Philippine Statistics Authority (PSA) showed. The April performance was also a significant improvement from 8.7 percent a year ago and...
Factory output improves in uphill climb —PSA By Chino S. Leyco Factory output continued to grow, but at a much slower pace in April due to strong production of textiles, the Philippine Statistics Authority (PSA) reported Thursday, June 9, In its Monthly Integrated Survey of Selected...
PH trade deficit widens further in April By Chino S. Leyco Trade deficit widened last April as country’s purchases of goods from abroad outpaced the rise in sales of locally-made products, the Philippine Statistics Authority (PSA) reported on Thursday, June 9. The PSA said the country’s trade...
The rate of increase in consumer prices accelerated to a fresh three-year high in May as the worsening inflationary pressures globally continued to eat into Filipinos’ purchasing power. The Philippine Statistic Authority (PSA) reported on Tuesday, June 7, that headline inflation jumped to 5.4...
Approved foreign investments dropped by half in the first three-months of the year despite improving economic condition amid the prolonged pandemic, data from the Philippine Statistics Authority (PSA) revealed. Based on the PSA report, total foreign investments declined 54 percent to P8.98 billion...
The country's trade deficit ballooned further in March as Philippines imported more goods from its trading partners, outpacing the growth in exports of local products following the reopening of the domestic economy from quarantine restrictions. The Philippine Statistics Authority (PSA) reported on...
Unemployment rate fell to a new record-low since the start of the pandemic as the majority of the country shifted to the least stringent alert level beginning March, the Philippine Statistics Authority (PSA) reported. Data from the PSA showed on Friday, May 6, that the country’s jobless rate...
