The Philippine economy expanded at a faster-than-expected pace in the third quarter on household consumption and investment, official data revealed Thursday.
Gross domestic product logged an annual expansion of 7.6 percent after rising 7.5 percent a quarter ago, the Philippine Statistics Authority said.
The pace of growth was forecast to ease to 6.3 percent. Moreover, this was the sixth straight quarter of expansion.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.