中国輸入額前年比

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中国輸出前年比

日本3か月の請求書オークション

The Philippine economy grew by 0.4% quarter-on-quarter in the three months to September 2025, easing from a 1.5% expansion in the previous period and falling short of expectations for a 0.8% increase. This marked the weakest growth since the contraction in Q2 2020, driven by slower household consumption growth (0.5% vs 1.1% in Q2). Contractions also persisted in government spending (-0.2% vs -2.3%) and fixed investments (-3.6% vs -0.5%). Meanwhile, net trade contributed positively, as exports rose 1.4% following a 0.4% drop in the prior period, while imports continued to decline by 0.7% after a 4.6% fall. Among major sectors, activity slowed in industry (0.1% vs 0.4%) and services (0.9% vs 1.9%), while output fell for the first time in a year in agriculture, forestry, and fishing (-2.9% vs 2.7%).

Philippines GDP Posts Smallest Expansion Since 2020

The Philippines’ GDP grew by 4.4% year-on-year in Q3 2025, missing expectations of a 5.2% expansion and slowing from 5.5% in the previous quarter. This marked the weakest economic growth since the contraction in Q1 2021, as the recent infrastructure scandal curbed public spending and a series of typhoons disrupted activity. Growth slowed sharply for government spending (5.8% vs 8.7% in Q2) and household consumption (4.1% vs 5.3%), while fixed investments barely expanded (0.1% vs 3.1%). Meanwhile, net trade contributed positively to overall GDP, with exports rising 7% (vs 4.7%) and imports growing at a softer 2.6% (vs 3.5%). On the production side, activity weakened across all major sectors, including agriculture, forestry, and fishing (2.8% vs 7%), industry (0.7% vs 2.1%), and services (5.5% vs 7%). The latest GDP print also came in below the government’s 5.5% to 6.5% target range.

Philippines GDP Growth Slowest in Over 4 Years

India’s Commerce and Industry Minister Piyush Goyal on Thursday said that talks are progressing rapidly between India and New Zealand, expressing hope that the free trade agreement (FTA) will be finalized soon, according to news agency PTI. Goyal is visiting New Zealand from November 5 to 8 to review the progress of FTA negotiations between the two countries with his New Zealand counterpart, Todd McClay. When asked if the trade pact would help boost the current bilateral trade of about USD 1.5 billion, McClay said the pact would significantly enhance trade. "We've seen over the last year that two-way trade increased by 10%, which is a very large increase considering the size of the two economies. We're working hard to strike a deal that will create real opportunities for Indian businesses in New Zealand and for New Zealand businesses interested in working with India," he said.

India, New Zealand Likely to Finalise FTA Soon

Brent crude oil futures rose to around $63.7 per barrel on Friday but stayed near a two-week low and headed for a second weekly loss, as fears of a potential glut continued to weigh on the market. OPEC+ output increased last month as key members resumed halted production, while non-OPEC producers also ramped up supply. In response to the well-supplied market, Saudi Arabia, the world’s largest oil exporter, slashed its December crude prices for Asian buyers. Adding to the headwinds, demand weakness persisted. Meanwhile, supply risks lingered due to US restrictions on Russian oil purchases and Ukraine’s attacks on Russian energy sites. India, a major oil importer, is diversifying its sources as sanctions complicate Russian crude purchases, with Reliance even offloading Middle Eastern cargoes, while Chinese state oil majors have also suspended purchases of seaborne Russian crude.

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