# Philippines Revises Second-Quarter Growth Up to 2.4%

The statistics agency raised its second-quarter growth estimate from 2.3%, with revisions to trade, agriculture and transportation. Third-quarter figures are due November 9.

By Will Langan | 24X7 News
Published: 2026-11-06T06:06:06.318Z
Updated: 2026-11-06T06:08:46.433Z
Section: Money
Format: News
Canonical: https://24x7news.us/articles/philippines-second-quarter-gdp-revision-november-6-2026

The Philippine Statistics Authority raised its estimate of second-quarter economic growth to 2.4% on Friday, November 6, from the preliminary reading of 2.3%.

The revised figure measures gross domestic product against the same quarter a year earlier. It changes the estimate for an already completed period rather than reporting third-quarter performance.

Three sectors were the main contributors to the upward revision. Growth in wholesale and retail trade, including motor-vehicle and motorcycle repair, was revised from 4.6% to 4.7%. Agriculture, forestry and fishing growth increased from 2.7% to 2.9%, while transportation and storage growth rose from 3.8% to 4.1%.

The revision did not change every headline measure. Second-quarter gross national income growth remained at 2.2%. Growth in net primary income from the rest of the world was revised downward to 0.8%, from 1.0%.

The agency said its revisions follow an approved national-accounts policy consistent with international statistical practices.

Third-quarter growth figures are scheduled for release Monday, November 9. Those figures will provide a separate reading of the economy’s more recent performance.

Sources:
- Philippine Statistics Authority: https://psa.gov.ph/content/gdp-growth-rate-second-quarter-2026-revises-upward-24-percent
- Reuters: https://www.reuters.com/world/asia-pacific/philippines-q2-gdp-revised-upwards-24-2026-11-06/

## Sources
- Philippine Statistics Authority: https://psa.gov.ph/content/gdp-growth-rate-second-quarter-2026-revises-upward-24-percent
- Reuters: https://www.reuters.com/world/asia-pacific/philippines-q2-gdp-revised-upwards-24-2026-11-06/
- Image: Ralff Nestor Nacor, Manila skyline, May 10, 2026: https://commons.wikimedia.org/wiki/File:Manila_skyline_from_Doroteo_Jose,_Santa_Cruz,_Manila,_May_2026.jpg
- Image and adaptation license: CC BY-SA 4.0: https://creativecommons.org/licenses/by-sa/4.0/