Philippines: Remittances strong but slower than previous month

In September, remittances from Overseas Filipino Workers (OFW) increased 5.3% over the same month last year, reaching USD 1.9 billion. The print was below the 6.8% expansion observed in August. The upward trend continues, with remittances adding USD 22.3 billion in the 12 months up to September (August: USD 22.2 billion). This represents a 6.5% expansion over the same period last year (August: +6.6% year-on-year).

Read more about Filipino Remittances.

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