The Gross Domestic Product (GDP) decelerated in the first quarter of 2014.

The Gross Domestic Product (GDP) decelerated in the first quarter of 2014. It grew by 5.7 percent, 2 percentage points below the growth rate during the same period last year, and by far the slowest in last 9 consecutive quarters. Meanwhile, the Gross National Income (GNI) expanded by 7.6 percent, slightly above the 7.3 percent growth of the first quarter in 2013. Source: Philippines Statistics Authority (PSA)

For the latest data on GDP and GNI. Please view

The gross international reserves (GIR) rose to US$80.7 billion as of end of June 2014, up by US$0.5 billion from the end of May. The GIR remains ample as it can cover 11 monthsâ€™ worth of imports of goods and payments of services and income. (Source: BSP, based on preliminary data)

Source: Bangko Sentral ng Pilipinas (BSP)

For the latest monthly data on GIR. Please view

The year-on-year headline inflation rate slightly went down to 4.4 percent in June, from 4.5 percent in May. This is mainly due to alcoholic beverages and tobacco; housing, water, electricity, gas and other fuels; transport; and recreation and culture indices. Likewise, core inflation rate went down to 2.8 percent in June, from 3.1 percent in May. (Source: Philippine Statistics Authority â€“ National Statistics Office)

Source: Philippine Statistics Authority-National Statistics Office (PSA-NSO)

For the time-series data on year-on-year inflation rate. Please view

The peso remained strong compared to the US dollar as the average peso-dollar exchange rate continued its downward trend in June with 43.8175. The highest rate for 2014 was that in January at 44.9270.