Philippines Economy Expands 2.0% QoQ in Q4


The Philippines GDP advanced 2.0 percent quarter-on-quarter in the fourth quarter of 2015, accelerating from an upwardly revised 1.4 percent expansion reported in October to December but below market expectations. The expansion was mainly driven by a rebound in agriculture sector and a faster increase in industry while services sector slowed.

The agriculture sector grew by 1.8 percent, reversing from a 0.8 percent contraction in the September quarter. The industry sector expanded by 2.9 percent, faster than a 1.3 percent growth in the previous three months. The services sector grew by 1.5 percent, as compared to a 1.8 percent expansion in the third quarter

Year-on-year, the economy grew an annual 6.3 percent in the September quarter of 2015, accelerating from an upwardly revised 6.1 percent expansion in the previous three months and above market consensus. It is the highest growth since the fourth quarter of last year, as all of its components showed an expansion. 

Philippines Economy Expands 2.0% QoQ in Q4


PSA l Rida Husna | rida@tradingeconomics.com
1/28/2016 4:27:40 AM