UPDATE:Philippine GDP Beats Expectation; Oil Dims Outlk
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MANILA (Dow Jones)--Election-related spending and a resilient services sector spurred the Philippine economy to grow more strongly than expected in the
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The economy expanded faster than expected in the last quarter of 2006 and remains strong.
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The Philippine economy grew by more than 6 percent in the third quarter of this year, sustaining strong growth boosted by surprisingly robust agricultural production and other factors, officials said Monday.
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NEW YORK - A sluggish gross domestic product reading was nonetheless better than expected, prompting investors to send stocks slightly higher Friday on hopes that the economic slowdown would not be as bad as first thought.    The 2.8 percent GDP growth in the second quarter, a revision from the 3 percent preliminary figure reported in July, is a far cry from the 4.5 percent growth in the first quarter...
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NEW YORK - Investors sent stocks modestly higher Friday, embracing a sluggish gross domestic product reading that was nonetheless better than expected, hoping that falling oil prices would help spur the economy. The major indexes all finished the week higher...
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Philippine shares ended higher Wednesday, led by blue chips that gained on expectations of favorable third-quarter results due this week.
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The US economy performed better than first expected in the three months to 30 September, revised figures show.
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The Asian Development Bank has raised its growth forecast for Philippine economy to between 4.7 percent and 5.7 percent both for 2004 and 2005, higher than the 4.5 percent to 5.5 percent growth projection it made in April.
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The Philippines is likely to keep well within the 2004 budget and consolidated public sector deficittargets due to improved revenue flows and increased electricity tariffs, officials said Friday.
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Final quarter output of goods and services beat economist estimates, and a new GDP report raised no inflation concerns.
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ELECTION spending and increased usage of cellular phones allowed the Philippine economy to grow by 6.2 percent in the April-June quarter despite the government&#39;s fragile fiscal position, official data showed Monday.
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Philippine shares ended higher Thursday, with blue chip Philippine Long Distance Telephone Co. , or PLDT, providing a boost after the strong overnight performance of its American Depositary Receipts, traders said.
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While the economic growth in the U.S. was significantly better than a previous estimate, it was still the weakest showing in more than a year.
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The US economy performed better than initially thought in the second quarter of 2006, revised data shows.
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The latest Japanese data painted a mixed picture of the world's second-largest economy, with a sharp improvement in the unemployment rate offset by continued deflation and modest industrial output.
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The Asian Development Bank (ADB) upgraded its gross domestic product (GDP) growth forecast for the Philippines from 5% to 5.5%, it was learned Wednesday.
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South Korea's economy achieved lower-than-expected growth in the three months to September as domestic demand failed to pick up the slack from weakening exports.