RHB | Philippines| The Philippines’ Exports Contracted In April

Economic Research	22 June 2015
Philippines
Economic Highlights
The Philippines’ Exports Contracted In April The Philippines’ current account balance in the balance of payments recorded a lower surplus of USD3.3bn or 4.8% of GDP  in 1Q 2015, after registering a surplus of USD4.7bn or 5.9% of GDP in the 4Q 2014 and compared with USD3.4bn or 4.8% of GDP in 3Q 2014. This was due largely to a larger deficit in merchandise trade balance and lower primary and secondary income but partially mitigated by a larger surplus in service account. Economist:  Vincent Loo Yeong Hong  | +603 9280 2172
To access our recent reports please click on the links below: 11 June 2015: The Philippines' Exports Contracted In April 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