May 23, 2025

Tag: Consumer Spending

  • BMI Forecasts Robust Growth in Philippine Consumer Spending

    MANILA – BMI, a subsidiary of Fitch Solutions, anticipates a robust increase in consumer spending throughout the current year, fueled by the country’s strong economic performance. The firm projects a rise in real household spending from 5.0 percent in 2024 to 5.3 percent in 2025, according to a report released on Thursday. BMI estimates that…

    Written by

    Fabian Apostol

  • Finance Secretary Optimistic About Economic Growth as Inflation Stays Low

    Finance Secretary Ralph Recto expressed optimism about the Philippine economy’s future, citing the country’s stable inflation rate as a key factor that could lead to further interest rate cuts by the Bangko Sentral ng Pilipinas (BSP). According to the Philippine Statistics Authority, the nation’s headline inflation held steady at 2.9 percent, while core inflation, which…

    Written by

    Herminio Racelis

  • Inflation in Western Visayas Drops to 3.2% in November

    In a recent announcement, the Philippine Statistics Authority in Western Visayas (PSA-VI) revealed that the region’s inflation rate decreased to 3.2% in November, down from 3.9% in October. This news was shared during a press conference held on Friday, December 13, 2024, by PSA-VI Officer-in-Charge Nelida Amolar. The primary factor contributing to this decline was…

    Written by

    Erwin Magbanua