Friday, August 11, 2017

FW: RHB | Philippines| Export Growth Continues To Moderate In June




Economic Research

11 August 2017



Economic Update




Export Growth Continues To Moderate In June


Merchandise export growth slowed to 0.8% YoY in June, from +13.7% YoY in May. This was the result of manufactured exports grinding to a halt, while the rest of the categories registered weaker growth. Moving forward, we maintain our forecast for the export of goods & services to return to a growth of 6.2% in 2017 (2016: -2.4%). This is on account of a pick-up in global demand for electrical & electronics (E&E) goods, a gradual improvement in world merchandise trade volumes, and a recovery in agricultural exports.


Economist:  Rizki Fajar  | +6221 2970 7065



To access our recent reports please click on the links below:


07 Aug: Inflation Holds Up In July

01 Aug: M3 And Loan Growth Rise in June

12 July: Export Growth Moderates In May, To Rebound In 2017

06 July: Inflation Continues To Ease In June

04 July: M3 Holds Up, Loan Growth Rises

23 June: Policy Rates Kept Unchanged In June

ASEAN Economic Team





Peck Boon Soon

Chief ASEAN Economist

+603 9280 2163

Vincent Loo Yeong Hong

Malaysia, Vietnam

+603 9280 2172

Ng Kee Chou

Singapore, Thailand

+603 9280 2179

Rizki Fajar

Indonesia, Philippines

+6221 2970 7065

Aris Nazman Maslan

Malaysia, Vietnam

+603 9280 2184




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