Thursday, August 27, 2015

Breaking: Philippine 2Q GDP 5.6% (Y-o-Y), 1Q GDP Revised Down to 5%

The NSCB website remains inaccessible.


However, tradingeconomics.com show that 2Q GDP inched higher to 5.6%, that's lower than the consensus expectations at 5.6-5.7%. But 1Q data had been revised down to just 5% (Rappler.com).


Q-on-Q grew by 1.8% which has been far from consensus expectations.

It's really a curiosity how the government comes up with these figures. 

I'll just wait for the NSCB's site to normalize before making any further comments.

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