Merchandise exports accelerated in Jan 2017, growing at 22.5% YoY mainly on a surge in manufac

Economic Research	13 March 2017
Philippines
Economic Update
Exports Accelerate In January, To Grow In 2017 Merchandise exports accelerated in Jan 2017, growing at 22.5% YoY mainly on a surge in manufactured products. Moving forward, we forecast for exports of goods & services to return to a growth of 6.2% in 2017, from -4.4% in 2016 on: 1. Resilient global demand for electrical & electronic (E&E) goods; 2. Gradual improvement in world merchandise trade volumes; 3. A forecast recovery in the agricultural sector. Economist:  Rizki Fajar  | +6221 2970 7065