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Q3 GDP Growth Revised Down To +6.9% Y/Y

PHILIPPINES

The Philippine Statistics Agency says in a statement that "the third quarter 2021 Gross Domestic Product (GDP) growth rate was revised downward to 6.9 percent from the preliminary estimate of 7.1 percent."

  • "The major contributors to the downward revision were: Financial and insurance activities, from 6.4 percent to 3.9 percent; Professional and business services, from 11.5 percent to 10.6 percent; and Real estate and ownership of dwellings, from 4.7 percent to 3.8 percent."

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