Philippines Economy Expands 1.5% QoQ in Q1


The Philippines GDP advanced 1.5 percent quarter-on-quarter in in the three months to March of 2018, the same pace as in the previous quarter but below market estimates of a 1.8 percent growth. It remained the weakest quarterly expansion since the first quarter of 2017.

In the first quarter, output of the services sector grew by 1.9 percent (from 1.5 percent in the December quarter) and that of the industry sector went up 1.1 percent (from 2 percent). Meantime, the agriculture, hunting, forestry and fishing rose by 0.8 percent, recovering from  a 0.1 percent decline in the preceding quarter.

Year-on-year, the economy expanded by 6.8 percent, compared to a downwardly revised 6.5 percent  growth in the previous quarter. 

Philippines Economy Expands 1.5% QoQ in Q1


PSA l Rida | rida@tradingeconomics.com
5/10/2018 3:45:40 AM