Philippines Croissance Du Pib

The Philippine economy grew by 0.4% quarter-on-quarter in the three months to September 2025, easing from a 1.5% expansion in the previous period and falling short of expectations for a 0.8% increase. This marked the weakest growth since the contraction in Q2 2020, driven by slower household consumption growth (0.5% vs 1.1% in Q2). Contractions also persisted in government spending (-0.2% vs -2.3%) and fixed investments (-3.6% vs -0.5%). Meanwhile, net trade contributed positively, as exports rose 1.4% following a 0.4% drop in the prior period, while imports continued to decline by 0.7% after a 4.6% fall. Among major sectors, activity slowed in industry (0.1% vs 0.4%) and services (0.9% vs 1.9%), while output fell for the first time in a year in agriculture, forestry, and fishing (-2.9% vs 2.7%).