SECOND quarter Philippine economic growth has been adjusted ahead of today's release of third-quarter gross domestic product (GDP) data.

The Philippine Statistics Authority (PSA) on Wednesday said that the April-June expansion had been raised to 6.4 percent, slightly higher than the preliminary 6.3-percent figure announced in August.

This was mainly due to increased growth rates in three sectors: manufacturing (3.9 percent from 3.6 percent), accommodation and food service activities (12.1 percent from 10.4 percent), and real estate and ownership of dwellings (7.6 percent from 7.2 percent).

Gross national income growth was also revised to 8.1 percent from 7.9 percent and net primary income from the rest of the world was raised to 25.7 percent from 24.7 percent.

The GDP revision pushed the first-semester average to 6.1 percent, just above the lower end of the government's 6.0- to 7.0-percent target for 2024.

The PSA said it revised the growth data based on an approved policy aligned with international standards for national accounts revisions.

Most economists polled by The Manila Times expect July-September growth to be lower due to subdued public and private spending, with the median forecast at a below-target 5.7 percent.

Economic managers have expressed confidence that the full-year goal will still be met.

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