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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PhilippinesPhilippines GDP Growth Rate 2016 climbed to 6.8% in October 2016
FMPQuarterlyReleased January 2017
Philippines GDP Growth Rate 2016 climbed to 6.8% in October 2016, released January 2017, up 0.9% from September's 5.9% reading.
Latest Release
6.800000
Actual
—
Consensus
5.900000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP Growth Rate 2016 (Philippines) was reported at 6.8% in January 2017. The reading rose from the previous value of 5.9%. This is classified as a medium-impact indicator released on a quarterly basis.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Interest Rate Decision (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update January 2017.
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GDP Growth Rate 2016 - PH
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About GDP Growth Rate 2016 — Philippines
DEFINITION
The GDP Growth Rate 2016 is a key economic indicator that measures the percentage change in a country's gross domestic product (GDP) from the previous year. It provides valuable insights into the overall health and performance of an economy, reflecting the rate at which the country's goods and services are growing. This information is crucial for businesses, investors, and policymakers to make informed decisions and assess the economic stability and potential of a country.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2017): actual 6.8 %.