Exports Still Contract in May, But By A Smaller Magnitude

Economic Research	13 Jun 2016
Philippines
Economic Highlights
Exports Still Contract in May, But By A Smaller Magnitude The Philippines’ merchandise exports contracted by a smaller magnitude of 4.1% y-o-y in April, from -15.1% in March and compared with -4.5% in February, extending its contraction for the thirteenth straight month. The smaller contraction was caused by a smaller decline in agro-based product exports and a rebound in manufactured product exports. These, however, were offset by a larger decline in the exports of forest, mineral, and petroleum products. Economist:  Rizki Fajar  | +6221 2970 7207
To access our recent reports please click on the links below: 07 June: Inflation On Upward Trend 01 June: Money Supply and Bank Lending Increased In April 20 May: Economic Growth Accelerated, On Stronger Domestic Demand 13 Apr: Exports Continued to Contract Deeper 05 Apr: Inflation Inches Up in March But Still Low 01 Apr: Money Supply And Bank Lending Continue to Accelerate In February