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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PhilippinesPhilippines GDP Growth Rate 2018 fell to 6.2% in October 2018
FMPQuarterlyReleased January 2019
Philippines GDP Growth Rate 2018 fell to 6.2% in October 2018, released January 2019, down 0.5% from September's 6.7% reading.
Latest Release
6.200000
Actual
—
Consensus
6.700000
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 2018 (Philippines) was reported at 6.2% in January 2019. The reading fell from the previous value of 6.7%. 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 Inflation Rate YoY (Jun 5).
Auto-generated from current model state · Refreshes on each release · Last update January 2019.
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GDP Growth Rate 2018 - PH
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About GDP Growth Rate 2018 — Philippines
DEFINITION
The GDP Growth Rate 2018 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 a nation's economy, serving as a crucial tool for policymakers, investors, and businesses to make informed decisions. A higher GDP growth rate indicates a growing economy, while a lower rate may signal a slowdown. As such, it is closely monitored and analyzed by financial experts to assess the economic outlook and potential opportunities for growth.
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 2019): actual 6.2 %.