RHB | Philippines | Exports Contract Further In February

Economic Research	09 April 2015
Philippines
Economic Highlights
Exports Contract Further In February The Philippines’ merchandise exports fell by a larger magnitude of 3.1% y-o-y in February, from -0.5% in January and compared with -3.2% in December. This was due mainly to a plunge in the exports of agro-based and forest products, while the growth of mineral product exports slowed during the month. A further drop in February’s manufactured exports made it worse. Economist:  Vincent Loo Yeong Hong  | +603 9280 2172
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