Quarterly economic growth in the Philippines eased in the second quarter of 2026, with GDP expanding by 0.6% compared with the previous quarter, down from 0.9% quarter‑on‑quarter growth recorded in the first quarter of 2026. The latest figures, updated on 7 August 2026, underscore a moderation in the country’s short‑term growth momentum.
On a quarter‑over‑quarter basis, the “actual” second‑quarter result reflects how output changed relative to the first quarter of 2026, while the “previous” figure captures the first quarter’s performance against the final quarter of 2025. The deceleration from 0.9% to 0.6% indicates that, although the economy continued to grow, the pace of expansion slowed as the year progressed. Investors and policymakers will be watching subsequent quarters closely for signs of whether this softer growth represents a temporary pause or the start of a more prolonged cooling phase in economic activity.
