Philippines' GDP Expands 2.2% QoQ in Q1 2013


Philippines' GDP gained momentum and grew by 2.2 percent on a seasonally adjusted basis in the first quarter of 2013. All major sectors registered gains compared to the previous quarter.

Services accelerated 2.2 percent from 1.1 percent registered in the previous quarter.

Industry growth slowed down to 2.5 percent  from 4.0 percent  registered in the previous quarter.

Agricultural sector posted a growth of 0.8 percent  from 0.4 percent registered in the previous quarter.

Year-on-year, the GDP expanded by 7.8 percent, the fastest growth rate since the second quarter of 2010.

Philippines


National Statistical Coordination Board | Joana Taborda | joana.taborda@tradingeconomics.com
5/30/2013 10:57:18 AM