RHB | Philippines| Exports Back to Contract In December

Economic Research	11 February 2016
Philippines
Economic Highlights
Exports Back to Contract In December The Philippines’ merchandise exports contracted by a larger magnitude of 3.0% y-o-y in December, from         -1.1% in November and compared with -10.8% in October, extending its contraction for the ninth straight month. The larger contraction was mainly caused by a reversal into a contraction in manufactured product exports and a larger decline in the exports of forest products. Economist:  Rizki Fajar  | +6221 2970 7207
To access our recent reports please click on the links below: 02 Feb: Money Supply And Bank Lending Decelerated In December 29 Jan: Economic Growth Picked-Up, On Stronger Consumer Spending And Investment 13 Jan: Contraction in Exports Eased In November 06 Jan: Inflation In December Continued To Increase 22 Dec: Current Account Surplus Dwindled in 3Q 2015 18 Dec: Policy Rates Kept On Hold In December