Philippines Economy Grows 2.5% QoQ in Q4


The Philippines GDP advanced 2.5 percent in the last quarter of 2014, accelerating from a revised 0.7 percent growth in the previous three month period. It is the fastest expansion since the first quarter of 2013 as all sectors of the economy grew.

The industry sector grew 3.6 percent, faster than a revised 1.1 percent in the third quarter. The services sector expanded 1.3 percent as compared to a revised 1.1 percent growth in the preceding quarter. Agriculture grew 6.0 percent, rebounding from a revised 3.0 percent decline in the third quarter.

Year-on-year, the economy advanced 6.9 percent, up from 5.3 percent expansion reported in July to September quarter.

Philippines Economy Grows 2.5% QoQ in Q4


National Statistics Office Board l Rida Husna l rida@tradingeconomics.com
1/29/2015 9:24:44 AM