Economic Growth Continues to Accelerate On Stronger Consumption

Economic Research	19 Aug 2016
Philippines
Economic Highlights
Economic Growth Continues to Accelerate On Stronger Consumption The Philippines’ real GDP growth picked up to 7.0% y-o-y in 2Q 2016, from a revised +6.8% recorded in 1Q and compared with +6.5% in 4Q, bolstered by a more robust consumption but offset partly by a smaller investment and net exports. Domestic demand stabilised at 12.2% y-o-y in 2Q 2016, the same rate as in 1Q, underpinned by an acceleration in household and government consumption but offset by weakening investment. Economist:  Rizki Fajar  | +6221 2970 7065
To access our recent reports please click on the links below: 12 Aug: Policy Rates Left Unchanged In August 10 Aug: Exports Contract By A Larger Magnitude in June 08 Aug: Inflation Stabilises in July 01 Aug: Weakening In Philippines’ Oversea Workers Remittances, But There Are Silver Linings 01 Aug:  Money Supply and Bank Lending Decelerate In June 01 July: Money Supply and Bank Lending Continue to Increase In May 24 June: Policy Rates Keep On Hold In June Under the New IRC System