Economic Research | 11 August 2017 | |||
Philippines | ||||
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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