Economic
Research
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14
June 2017
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Philippines
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Economic Update
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Merchandise
export growth moderated in April to 12.1% YoY from +21.1% YoY in March. This
was mainly a result of slower increases in shipments of manufactured and
agro-based products. Moving forward, we forecast exports of goods &
services to return to a growth of 6.2% in 2017 (2016: -4.4%). This is on
account of a pick-up in global demand for electrical & electronic
(E&E) goods, gradual improvement in world merchandise trade volumes and
recovery in agricultural exports.
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Wednesday, June 14, 2017
Export Growth Moderates In April, To Rebound In 2017
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