The latest figures from the Philippine Statistics Authority (PSA) point to a deepening loss of momentum as the country heads into 2027.
The economy has been battered by the fallout from the flood control corruption scandal, persistent inflation pressures and an uncertain global outlook, weighing on consumer confidence and business activity.
Wholesale and retail trade grew 3.54 percent year-on-year, while financial and insurance activities expanded 3.47 percent and public administration and defense climbed 9.9 percent.
Construction provides support
On a seasonally adjusted quarter-on-quarter basis, construction grew 6.9 percent, emerging as a major contributor to economic expansion.
Public administration and defense increased 2.8 percent from the previous quarter, while financial and insurance activities rose 1.5 percent.
On Monday, the Philippine Stock Exchange index slumped 0.29 percent to 5,745.41 during early morning trade.
The prolonged slowdown raises concerns over household spending, private investment and the government's ability to restore confidence.
—Edited by Miguel R. Camus
