• The Philippines’ GDP rose less than economists expected in 1Q.
  • GDP rose 5.7% y/y (estimate +5.9%) in 1Q, according to the Philippine Statistics Authority
    ** Estimates range +5.3% to +6.6%, 25 economists
  • GDP rose 1.3% q/q (estimate +1.0%)
    ** Estimates range +0.2% to +2.5%, 5 economists
  • Agricultural production rose 0.4% y/y
  • Industrial production rose 5.1% y/y
  • Services rose 6.9% y/y
  • Government spending rose 1.7% y/y
  • Consumer spending rose 4.6% y/y
  • Investment rose 1.3% y/y
  • Exports rose 7.5% y/y