FW: RHB | Philippines| Exports Recovered, Imports Continued To Contract In July

 

 

 

Economic Research			13 September 2017
Philippines
Economic Update
Exports Recovered, Imports Continued To Contract In July   Merchandise export growth picked up to 10.4% YoY in July, from +5.8% YoY in June. This was the result of rising manufactured and mineral product exports, while petroleum product exports contracted by a smaller magnitude. 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 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:   06 Sept: Inflation Edges Higher In August 05 Sept: M3 And Loan Growth July Pick-Up 21 Aug: Economic Growth Sustains In 2Q17 11 Aug: Policy Rates Still Unchanged in August 11 Aug: Export Growth Continues To Moderate In June 07 Aug: Inflation Holds Up In July
ASEAN Economic Team
Peck Boon Soon	Chief ASEAN Economist	bspeck@rhbgroup.com		+603 9280 2163
Vincent Loo Yeong Hong	Malaysia, Vietnam	vincent.loo@rhbgroup.com		+603 9280 2172
Ng Kee Chou	Singapore, Thailand	ng.kee.chou@rhbgroup.com		+603 9280 2179
Rizki Fajar	Indonesia, Philippines	rizki.fajar@rhbgroup.com		+6221 2970 7065
Aris Nazman Maslan	Malaysia, Vietnam	mohd.aris.nazman@rhbgroup.com		+603 9280 2184

 

 

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