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