March’s nearly five-year low inflation was particularly a boon to the country’s poorest households, whose price increase rate was even slower at 1.1 percent, prompting the government to push for measures that would sustain the easing of the vulnerable sector’s burden. “The lower food...
Annual consumer price increases slowed further to 1.8 percent in March 2025, down from 2.1 percent in February, as food price hikes eased mainly due to lower rice prices, the Philippine Statistics Authority (PSA) reported. March inflation was the slowest in nearly five years, or since May 2020—at...
The Philippine Statistics Authority (PSA) has revised upwards the country’s economic performance for the full year of 2024 to 5.7-percent growth, from the preliminary 5.6-percent figure. This upward revision still falls short of the government’s downscaled 2024 gross domestic product (GDP)...
Philippine factory growth contracted for the first time since August 2023—also the steepest decline in nearly four years—due to the worsening health of domestic manufacturing since the start of the year. “Following 18 successive months of growth, the Filipino manufacturing sector slipped back...
ILOILO CITY — The Philippine Statistics Authority reported a 96.7 percent employment rate for women in Western Visayas region in 2023. VENDORS at the public market in San Miguel town, Iloilo province are mostly women. (Tara Yap) “In terms of magnitude, the number of employed...
Construction projects in the Philippines saw their steepest decline in eight months, falling by nearly 15 percent to over 12,500 in January 2025, due to the massive decrease in residential-building constructions. Data from the Philippine Statistics Authority (PSA) showed that the January figure...
The growth of the Philippines’ creative economy in 2024 slowed to its lowest in three years as the total value of creative industries only increased to ₱1.94 trillion from ₱1.78 trillion in the previous year. Based on preliminary data from the Philippine Statistics Authority (PSA), last...
The Philippine Statistics Authority (PSA) has warned against escalating National ID scams, urging the public to remain vigilant as fraudsters employ various tactics to steal personal information. In an advisory, PSA Undersecretary Claire Dennis S. Mapa said the agency observed a surge in phishing...
(MANILA BULLETIN) House Speaker Martin Romualdez hailed the creation of 2.6 million new jobs at the start of 2025, but underscored that the government's true goal is sustained quality employment for Filipinos. Pointing to the results of the...
ILOILO CITY – The inflation rate in Western Visayas dropped 0.9 percent from 3.6 percent in January to 2.7 percent in February. A BUSY wet market in Iloilo City. Inflation or the rise in the price of goods and services over time dropped in Western Visayas last February. (Tara Yap) “The...
Factory output surges in January, signaling strong start to the year for Philippine manufacturing. Philippine manufacturing output continued growing at a faster rate in January 2025, posting the quickest expansion in six months, according to the Philippine Statistics Authority (PSA). This...
Filipinos seek employment opportunities as the nation's labor force participation rate rises. Over half a million Filipinos were added to the total number of jobless individuals in January 2025, according to the Philippine Statistics Authority (PSA). This rapid multiplication of unemployed...
