Publication:
Philippines Monthly Economic Developments: September 2022

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Date
2022-09
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2022-09
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Abstract
Headline inflation marginally eased in August following five consecutive months of increases. However, core inflation rose further, which is indicative of underlying price pressure and strong domestic demand. The strong demand contributed to a double-digit growth in imports, and the decline in the unemployment rate to its lowest level since the start of the pandemic. Factory outputs grew modestly and goods exports contracted in July. As Coronavirus (COVID-19) cases and hospital bed occupancy rate are manageable, the authorities lifted the mask requirement for outdoor activities.
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World Bank. 2022. Philippines Monthly Economic Developments: September 2022. © Washington, DC. http://hdl.handle.net/10986/38042 License: CC BY 3.0 IGO.
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