RHB | Philippines| The Philippines’ Exports Contracted In April

Economic Research	11 June 2015
Philippines
Economic Highlights
The Philippines’ Exports Contracted In April The Philippines’ merchandise exports slumped with a decline of 4.1% y-o-y in April, after growing by 2.1% in March and compared with -3.1% in February. This was due mainly to a contraction in the exports of agro-based products, mineral products and petroleum products; while the exports of manufactured products grew at a slower pace during the month. A rebound in the exports of forestry products, however, partly mitigated the drop. Economist:  Vincent Loo Yeong Hong  | +603 9280 2172
To access our recent reports please click on the links below: 05 June 2015: Inflation Eased Further To A Nine-Year Low In May 01 June 2015: Money Supply Rose While Bank lending Slowed in April 29 May 2015: Economic Growth Losing Momentum In 1Q But Expected To Improve 15 May 2015: Policy Rates Maintained Amid Firm Economic Activities 13 May 2015: The Philippines’s Exports PickUp Steam In March 06 May 2015 :Inflation Continued Trending Lower In April