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