Inquirer
Peso, stocks tumble on disappointing economic data
The Philippine Stock Exchange index (PSEi) reached a three-year low, closing at 5,759.37 points, a 1.31% decrease.
This downturn followed the release of disappointing third-quarter Gross Domestic Product (GDP) growth data, which slowed to 4 percent, the weakest pace in four years.
The peso also depreciated, sliding back to the 59 to $1 level, closing at 59.04 versus the US dollar.
Market analysts attributed the selling pressure to the weak GDP figures and concerns over the peso's performance.
One analyst cited a slowdown in government spending due to a corruption scandal as a contributing factor to the weaker-than-expected GDP.
Most market sectors experienced losses, with the property sector seeing the most significant drop.
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See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
The Philippine Stock Exchange index (PSEi) closed at 5,818.06 on Wednesday, its lowest finish in over three years, dropping 0.83 percent or 48.98 points amid investor caution.
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The Philippine economy grew by 4% in the third quarter of 2025, its slowest pace since the first quarter of 2021, down from 5.5% in the previous quarter and 5.2% in the same quarter last year.
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Philippine economic growth decelerated to 4.0% in the third quarter of 2025, the slowest pace in over four years and since the pandemic.
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The Philippine economy likely grew by 5.3% in the third quarter of 2025, a slowdown from the 5.5% expansion in the second quarter, according to a median forecast of 18 economists and analysts.
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