Philippines Revises Second-Quarter GDP Growth Up to 2.4%, Still Near Five-Year Low

On November 6, the Philippine Statistics Authority revised second-quarter GDP growth year over year to 2.4% from an initial 2.3%. According to Sina Finance, growth remained near its weakest level in five years, weighed down by weakness in construction and subdued domestic demand. The authority will release third-quarter GDP data on November 9.