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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PhilippinesPhilippines Imports YoY fell to 15.4% in June 2016
FMPMonthlyReleased August 2016
Philippines Imports YoY fell to 15.4% in June 2016, released August 2016, down 23.9% from May's 39.3% reading. The reading matched expectations. The print is running well above the 12-month average of 13.63%. Over the past 3 months, Imports YoY averaged 34.25%, vs 14.57% in the prior 3-month window. The reading is in the 50th percentile of the trailing 24-month range.
Latest Release
15.4
Actual
14.7
Consensus
39.3
Previous
Median Absolute Error
±12.48 percentage points
across last 9 releases
Last Call
Aug 2016
Predicted: 19.3
Actual: 15.4
Error: +3.9
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 |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.43 | COMMODITIES | Moves against | → View |
| USD/PHP | ▲ Direct | +0.32 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Imports YoY (Philippines) was reported at 19.6% in July 2026. The reading fell from the previous value of 28.2%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 6.5%, ranging from -6.5% to 22.4% across 11 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 21.3%, up from the prior three at 5.53%. Volatility over the past year (σ 10.44%) is higher than the prior year (σ 7.39%). In July readings over the past 3 years, Imports YoY has averaged 10.12%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with USD/PHP, positively correlated (Bullish USD). Over the last 9 releases, the Sigmacast model's median absolute error is 12.48%.
WHAT TO WATCH NEXT
The next release is scheduled for August 28, 2026. 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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Imports YoY - PH
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About Imports YoY — Philippines
DEFINITION
Imports YoY is a financial indicator that measures the year-over-year change in the total value of goods and services imported into a country. It provides valuable insights into a country's economic health and its trade relationships with other nations. A positive Imports YoY indicates an increase in imports, which can stimulate economic growth and consumer demand. On the other hand, a negative Imports YoY may suggest a decline in economic activity and potential trade imbalances. This indicator is closely monitored by investors, policymakers, and businesses to make informed decisions and assess the overall health of a country's economy.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. 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 (Jun 2026): actual 19.6 %. Prior reading (May 2026): 21.9 %. Before that (Apr 2026): 22.4 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.43) — a useful reference for commodities-focused traders.
Σ
EXPECTED ZONE
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Economic Calendar - PH Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 01:00 | PH | Balance of Trade | -4.939 | -6.103 | -4.4 | -4.67 | Low |
| 01:00 | PH | Producer Price Index YoY | 3 | 3.1 | 3 | 3.00 | Low |
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 08:00 | PH | Business Confidence | 0 | -25.2 | -45 | -22.50 | Low |