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Remittance growth slowest in 3 months

By Melissa Luz T. Lopez Senior Reporter OVERSEAS FILIPINO workers (OFWs) sent more money home in February than a year ago even as it was the smallest increase in three months, the central bank reported on Monday. Such remittances totalled $2.267 billion for the month, up 4.5% from the $2.169-billion inflows tallied in February 2017, […] The post Remittance growth slowest in 3 months appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineApr 16th, 2018

December inflation slowest in seven months

THE OVERALL year-on-year increase in prices of widely used goods eased for the second straight month in December by its slowest pace in seven months, the Philippine Statistics Authority reported on Friday, giving the central bank room to consider the impact of its next monetary policy moves on economic growth......»»

Category: financeSource:  bworldonlineRelated NewsJan 4th, 2019

November manufacturing output slowest in 11 months

Factory production registered a sluggish growth in November 2018 to post the slowest rate in almost a year, the country’s statistics agency reported Friday......»»

Category: newsSource:  philstarRelated NewsJan 4th, 2019

ASEAN Manufacturing Purchasing Manager’s Index, December

FACTORY ACTIVITY in the Philippines improved in December at the slowest pace in three months on milder output and order growth, though overall input cost hike “eased noticeably,” according to the latest survey IHS Markit conducted for Nikkei, Inc. Read the full story......»»

Category: financeSource:  bworldonlineRelated NewsJan 2nd, 2019

Factory business growth slows in Dec.

FACTORY ACTIVITY in the Philippines improved in December at the slowest pace in three months on milder output and order growth, though overall input cost hike “eased noticeably,” according to the latest survey IHS Markit conducted for Nikkei, Inc......»»

Category: financeSource:  bworldonlineRelated NewsJan 2nd, 2019

Oct. remittance data bare GDP boost

MONEY sent home by overseas Filipino workers (OFWs) grew by its fastest clip in six months in October, according to data the Bangko Sentral ng Pilipinas (BSP) released on Monday, prompting analysts to expect household spending that fuels overall economic growth but whose growth has slowed lately to have picked up this quarter......»»

Category: newsSource:  bworldonlineRelated NewsDec 17th, 2018

6.1% Q3 GDP growth slowest in 3 yrs

Due to high prices, many consumers cut down on their purchases of food, among other essential items, hence tempering a major booster to the Philippine economy and slowing overall economic growth to a three-year low of 6.1 percent year-on-year in the third quarter.   "We are not exactly exuberant about the 6.1-percent growth rate, but comforted that we remain one of the fastest-growing economies in Asia, next to Vietnam at 7 percent, China at 6.5 percent, and way ahead of Indonesia at 5.2 percent," Socioeconomic Planning Secretary Ernesto M. Pernia said in a press conference yesterday.   The gross domestic product (GDP) expansion during the first nine months of the y...Keep on reading: 6.1% Q3 GDP growth slowest in 3 yrs.....»»

Category: newsSource:  inquirerRelated NewsNov 9th, 2018

Factory output sustains growth in September, slowest in 9 months

FACTORY OUTPUT continued to grow in September, though at its slowest clip in nine months, according to data the Philippine Statistics Authority (PSA) reported on Tuesday......»»

Category: financeSource:  bworldonlineRelated NewsNov 6th, 2018

Pace of dollar remittance growth continues to ease; up 2.4% in Jan-Aug 2018

The amount of dollars sent home by expatriate Filipinos rose further in the first eight months of the year, but data from the Bangko Sentral ng Pilipinas (BSP) also showed a worrisome trend of tapering growth in recent months for remittances, a key leg of the country's economy. In a statement, BSP Deputy Govenor Cyd Tuao-Amador said personal remittances from overseas Filipinos increased by 2.4 percent year-on-year to reach $21.2 billion in the first eight months of 2018. The central bank's data revealed that the monthly rise in the cumulative amounts of remittances this year have been moderating, compared to monthly data for the same periods last year --- a phenomenon which the cen...Keep on reading: Pace of dollar remittance growth continues to ease; up 2.4% in Jan-Aug 2018.....»»

Category: newsSource:  inquirerRelated NewsOct 15th, 2018

Philippines’ July manufacturing growth slowest in five months

Manufacturing activity in the Philippines decelerated further in July, reaching the lowest reading in five months, as demand softens, according to an IHS Markit survey conducted for Nikkei. The seasonally adjusted Nikkei Philippines Manufacturing Purchasing Managers’ Index (PMI) slid for the second consecutive month to 50.9 in July, from 52.9 logged in June, which indicated […].....»»

Category: financeSource:  bworldonlineRelated NewsAug 1st, 2018

HSBC: Remittance growth likely steady at 4.5% in March

Money sent home via banks by migrant Filipinos likely posted steady growth in March, banking giant HSBC said. “We expect March remittances to rise 20.5 percent month-on-month, after two straight months of sequential contraction. This would lead to a rise of 4.5 percent year-on-year . . . ,” HSBC said. February also saw a 4.5-percent [...] The post HSBC: Remittance growth likely steady at 4.5% in March appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMay 14th, 2018

Feb. growth of PHL factory activity slowest in 5 months

BUSINESS for factories in the Philippines bared “marginal” improvement in February, according to the latest monthly monitoring by IHS Markit for Nikkei, Inc. that showed manufacturing growth easing for the third straight month by the second-slowest pace since the country survey began in January 2016. The seasonally adjusted Nikkei Philippines Manufacturing Purchasing Managers’ Index (PMI) […] The post Feb. growth of PHL factory activity slowest in 5 months appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 1st, 2018

Infra spending growth slowest in 16 months in July

Infra spending growth slowest in 16 months in July.....»»

Category: financeSource:  philstarRelated NewsSep 21st, 2016

Chinas 2018 growth slowest in decades - poll | The Manila Times Online

China's 2018 growth slowest in decades - poll The Manila Times BEIJING: China's economy grew at its slowest pace in almost three decades in 2018, analysts in an AFP poll said, as the governme.....»»

Category: newsSource:  manilanewsRelated NewsJan 19th, 2019

China’s 2018 growth slowest in decades – poll

BEIJING: China’s economy grew at its slowest pace in almost three decades in 2018, analysts in an AFP poll said, as the government struggles to contain ballooning debt and a…READ The post China’s 2018 growth slowest in decades – poll appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 18th, 2019

ANZ Research sees slower GDP growth in Q4 2018

The Philippine economy likely slowed down in the last three months of 2018 partly due to lackluster export growth, analysts at a global bank said Friday......»»

Category: newsSource:  philstarRelated NewsJan 18th, 2019

Remittance growth slows to 2.4% in November

The growth in remittances by Filipinos abroad eased in November, but remained above the lowered growth target set by the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsJan 15th, 2019

Remittance growth slows in November

MONEY SENT HOME by overseas Filipino workers (OFWs) grew in November last year, sustaining an increase for the third straight month and likely fueling household spending in 2018’s fourth quarter, according to data released on Tuesday by the Bangko Sentral ng Pilipinas (BSP)......»»

Category: financeSource:  bworldonlineRelated NewsJan 15th, 2019

Exports drop, imports slow in November; trade gap grows

SOFTENING MERCHANDISE TRADE in November put an end to the country’s five straight months of export growth and pulled import growth down to single-digit level, the Philippine Statistics Authority (PSA) reported on Thursday......»»

Category: newsSource:  bworldonlineRelated NewsJan 11th, 2019

Philippine trade year-on-year performance (November 2018)

SOFTENING MERCHANDISE TRADE in November put an end to the country’s five straight months of export growth and pulled import growth down to single-digit level, the Philippine Statistics Authority (PSA) reported on Thursday......»»

Category: newsSource:  bworldonlineRelated NewsJan 11th, 2019

Manufacturing sustains growth for 11 months

The country’s manufacturing output sustained its growth and marked its eleventh consecutive month in positive territory in November last year, the National Economic and Development Authority (NEDA) reported yesterday. Manufacturing sustains growth for 11 months Source link: Manufacturing sustains growth for 11 months.....»»

Category: newsSource:  manilainformerRelated NewsJan 5th, 2019