Philippines Economy Expands 0.3% QoQ in Q1


The Philippines GDP advanced 0.3 percent in the first quarter of 2015, markedly slowing from a 2.5 percent expansion reported in October to December and missing market forecasts, as an increase in the services sector was unable to offset a decline in the industry and the agriculture sector.

The services sector grew by 1.5 percent, as compared to a 1.3 percent expansion in the December quarter. The industry sector declined by 1.0 percent,  as compared to a 3.5 percent growth in the preceding quarter. The agriculture sector also shrank 1.7 percent, following a 5.9 percent growth in the December quarter.

Year-on-year, the economy advanced 5.2 percent, slowing from a revised 6.6 percent expansion reported in the last quarter of 2014.

Philippines Economy Expands 0.3% QoQ in Q1


National Statistics Office Board l Rida Husna l rida@tradingeconomics.com
5/28/2015 5:24:17 AM