Trade gap shrinks to smallest in 3 months bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
BusinessWorld
July 2, 2021 | 12:33 am
More Filipinos were able to find jobs in May after lockdown restrictions were eased in Metro Manila and nearby provinces. PHILIPPINE STAR/ MICHAEL VARCAS
THE COUNTRY’S jobs situation improved in May as the ranks of unemployed and underemployed Filipinos fell after lockdown curbs were eased, data from the Philippine Statistics Authority (PSA) showed.
Preliminary results of the May 2021 round of the Labor Force Survey released on Thursday put the country’s unemployment rate at 7.7%, down from the 8.7% recorded in April.
This was the second-lowest unemployment rate recorded since the start of the year, following the 7.1% posted in March.
BusinessWorld
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Researcher
FILIPINOS were the third most optimistic consumers among 14 Asia-Pacific economies, as economic activity in the region picked up, a survey by US-based think tank The Conference Board showed.
Based on the results of the latest Global Consumer Confidence Survey, the Philippines scored 119 on the consumer confidence index (CCI) during the first three months of the year. However, this was four points lower than country’s CCI score of 123 in the fourth quarter last year.
The Philippines’ score was a tad higher than the Asia-Pacific average of 118 during the quarter, ranking third behind India and China.
Globally, the Philippines ranked fifth out of 65 economies, placing after India, Saudi Arabia, China, and the United Arab Emirates.
Philippines GDP decline in 2020 steeper than initially reported bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Researcher
THE PHILIPPINE ECONOMY performed worse than previously reported in 2020, as the coronavirus pandemic continues to dampen business activity, the Philippine Statistics Authority (PSA) reported on Thursday.
Gross domestic product (GDP) â the value of all finished goods and services produced in the country at a given period â fell by record 9.6% last year, slightly faster than the 9.5% drop initially reported on Jan. 28.
Meanwhile, GDP for the fourth quarter of 2020 was unchanged at 8.3% from PSAâs preliminary estimate.
On the other hand, last yearâs gross national income â the sum of the nationâs GDP and net primary income from the rest of the world â was revised to an 11.4% decline from the earlier estimate of -11.1%.