A central bank official said that the high-quality and timely availability of data enabled the country to effectively manage and navigate the challenges brought about by the pandemic.

"The BSP, together with the Philippine statistical community, will continue to support all statistical initiatives and activities that would aid in nation -building and improve the lives of Filipinos," Bangko Sentral ng Pilipinas governor Felipe Medalla said.

The central bank recently underscored the importance of relevant and quality statistics in crafting sound economic and financial policies during the 33rd National Statistics Month.

This year's NSM theme, "Boosting the Country's Recovery with Informed Decisions, Better Policies," the BSP has conducted a virtual Public Information Campaign to promote broader awareness and appreciation of economic and financial statistics.

Resource persons from the BSP's Department of Economic Statistics have discussed data produced by the central bank, such as Monetary Statistics Compilation and Dissemination, Expectations and Economic Trends, Trade in Goods and Network Science Perspective on the Philippine Global Foreign Direct Investment System.

The NSM is observed every October under Presidential Proclamation 647, dated 20 September 1990.