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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PhilippinesPhilippines Cash Remittances fell to 2.9B in November 2025
FMPMonthlyReleased January 2026
Philippines Cash Remittances fell to 2.9B in November 2025, released January 2026, down 0.3B from October's 3.2B reading. The print came in cooler than the 3.2B consensus, a softer print than forecasters anticipated. Year-over-year, the indicator is up 0.09B. Over the past 3 months, Cash Remittances averaged 3.13B, vs 3.06B in the prior 3-month window. The reading is in the 52nd percentile of the trailing 24-month range.
Latest Release
2.9
Actual
3.2
Consensus
3.2
Previous
Median Absolute Error
±0.16 billion
across last 10 releases
Last Call
Jan 2026
Predicted: 3.2
Actual: 2.9
Error: +0.3
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▼ Inverse | −0.66 | INDEX | Moves against | → View |
| Nikkei 225 | ▼ Inverse | −0.44 | INDEX | Moves against | → View |
| Hang Seng | ▼ Inverse | −0.41 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Cash Remittances (Philippines) was reported at 2.70 billion in July 2026. The reading was unchanged from the previous release. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 3.02 billion, ranging from 2.70 billion to 3.50 billion across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 2.77 billion, down from the prior three at 3.13 billion. Volatility over the past year (σ 0.22 billion) is higher than the prior year (σ 0.19 billion). In July readings over the past 3 years, Cash Remittances has averaged 2.67 billion.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). A secondary relationship exists with Nikkei 225, negatively correlated (Bearish Nikkei 225). Over the last 10 releases, the Sigmacast model's median absolute error is 0.16 billion.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Inflation Rate YoY (Aug 5) and Unemployment Rate (Aug 6).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Cash Remittances - PH
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About Cash Remittances — Philippines
DEFINITION
Cash Remittances is a financial indicator that measures the amount of money sent by individuals living and working abroad to their home country. It is an important indicator of a country's economic health and can provide insights into the strength of its labor market and the level of financial support received from overseas. Cash remittances can also impact a country's balance of payments and contribute to its overall GDP. This indicator is closely monitored by governments and financial institutions as it can have significant effects on a country's economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 2.7 B. Prior reading (Apr 2026): 2.7 B. Before that (Mar 2026): 2.9 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with S&P 500 (Bearish S&P 500, r=-0.66) — a useful reference for index-focused traders.
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Economic Calendar - PH Events
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | PH | Business Confidence | 0 | -25.2 | -45 | -22.50 | Low |
| Monday, August 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 00:30 | PH | S&P Global Manufacturing PMI | 50.9 | 51.2 | 50.25 | Low | |