Philstar
PSA keeps Q2 GDP growth at 5.5%
The Philippine Statistics Authority (PSA) maintained the country's gross domestic product (GDP) growth rate at 5.5% for the second quarter.
However, the gross national income (GNI) growth for the same period was revised downward to 8% from the initially reported 8.2%.
Net primary income from the rest of the world also saw a downward adjustment to 30.3% from 32.8%.
Downward revisions were seen in manufacturing (2.5% from 2.7%), financial and insurance activities (5.4% from 5.6%), and real estate and ownership of dwellings (5.9% from 6.1%).
Conversely, wholesale and retail trade, transportation and storage, and mining and quarrying experienced upward revisions.
No changes were made to the demand-side components, such as household spending, government disbursement, investment, and net exports.
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