Even the holiday cheer failed to lift investor and consumer spirits this quarter, with confidence plummeting to multi-year lows as inflation continues to bite. Business optimism eroded in the current quarter to a nine-year low while households were at their most pessimistic in four years, the central bank found. Inflation, however, finally eased in November, clocking in at its slowest rate in four months. Headline inflation dropped to six percent last month from a nine-year peak of 6.
This, however, is still faster than the three percent clocked in November Approved foreign direct investments swelled to a nearly two-year high of P If they materialize, foreign and local investments pledged in the third quarter are expected to generate 41, jobs across industries , Local factory activity improved for the fourth straight month in November , marking its best performance in 11 months.
By Victor V. We have targeted absolute amounts. Lopez told reporters at the sidelines of the same event that merchandise export growth for the first two quarters of had been negative, but the third quarter saw a 0.
Preliminary Philippine Statistics Authority data show value of merchandise exports grew 9. But the nine months to September this year saw sales of Philippine goods abroad drop 2. The DBCC is a multi-agency group formed in May to prepare and recommend the national budget — both expenditures and sources of funding — to the President. It consists of the Office of the President, the central bank, the National Economic and Development Authority, as well as the departments of Finance and of Budget and Management.
Lopez told reporters. We really have to have the supply for exports. Lopez said that as merchandise exports struggle, manufacturers can still rely on strong domestic demand. You really need to expand that capacity that will allow you to meet the growing domestic demand and still allow you to meet the growing export market.
