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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PhilippinesPhilippines Gross Domestic Product QoQ climbed to 0.9% in Q1 2026
FMPMonthlyReleased May 2026
Philippines Gross Domestic Product QoQ climbed to 0.9% in Q1 2026, released May 2026, up 0.3% from December's 0.6% reading. The print came in cooler than the 1.5% consensus, a softer print than forecasters anticipated. The print is running well below the 12-month average of 1.1%.
Latest Release
0.9
Actual
1.5
Consensus
0.6
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
Gross Domestic Product QoQ (Philippines) was reported at 0.9% in May 2026. This missed the market consensus of 1.5% by 0.6%. The reading rose from the previous value of 0.6%. Trailing 12-month context per ETL data through January 2026.
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 2026.
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Gross Domestic Product QoQ - PH
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About Gross Domestic Product QoQ — Philippines
DEFINITION
The Philippines reported Gross Domestic Product QoQ growth of 0.900000% for Q1 2026, missing the 1.500000% estimate but improving from 0.600000% in Q4 2025. This marks a moderate acceleration in economic activity compared to the previous quarter. Market focus will remain on upcoming data releases and central bank policy amid this gradual recovery. Updated 5/7/26
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. 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 (Jan 2026): actual 0.9 %, consensus 1.5 %. Prior reading (Oct 2025): 0.6 %. Before that (Apr 2025): 1.5 %.
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.