The value of production index for total manufacturing slightly went down to 188.2 in June this year from 188.3 in May.

The value of production index for total manufacturing slightly went down to 188.2 in June this year from 188.3 in May. This is also the case for the volume index (from 70.7 to 69.8). Compared to the same period last year, the value and volume indices went up by 17.3 and 4.4 points, respectively. Source: Monthly Integrated Survey of Selected Industries (MISSI), (PSA-NSO)

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The total Overseas Filipinos` Cash Remittances stood at 2.05 billion US dollars in June 2014. This is higher compared to 1.93 billion US dollars in the same period last year. It was the highest OFs cash remittances registered in the first semester of 2014.

Source: Bangko Sentral ng Pilipinas, BSP

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The national government revenue collections reached P139 billion for the month of June. It is higher by P7.6 billion compared to that of the same period last year - P131 billion. For January to June 2014, the total revenue collections reached P934 billion; the deficit was registered at P54 billion.

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The country`s gross international reserves (GIR) rose to US$81.0 billion in the end of July 2014 based on preliminary data. This level was higher by US$0.3 billion than the end-June 2014 GIR of US$80.7 billion. The GIR remains ample as it can cover 11 months芒鈧劉 worth of imports of goods and payments of services and income. (Source: Bangko Sentral ng Pilipinas)

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The country`s year-on-year headline inflation went up to 4.9 percent in July, from 4.4 percent in June and nearly twice that for July 2013 (2.5). This was mainly due to the jump in the growth of the heavily-weighted food and non-alcoholic beverages index. The other contributing factors were the faster annual hikes in the indices of housing, water, electricity, gas and other fuels; health; transport; recreation and culture; and education. (Source: Philippine Statistics Authority 芒鈧€� National Statistics Office)

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The Philippine Stock Exchange Index (PSEi) slightly inched upward last month. It stood at 6,864.82 by the end of July, a few units higher than last June`s 6,844.31

Source: Philippine Stock Exchange (PSE)

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The Philippine peso remained strong compared to the US dollar in the first semester of 2014. The average peso-dollar exchange rate continued its downward trend in July with 43.4665. The highest rate for 2014 was that in January at 44.9270.0.