Philippines Economy Expands 1.7% QoQ In Q2
The Philippines GDP expanded 1.7 percent quarter-on-quarter in the three months to June 2017, stronger than an upwardly revised 1.3 percent growth in the March quarter 2017. The figure came in above markets estimates of a 1.6 percent expansion, as services and industry rose at faster paces.
8/17/2017 2:14:34 PM
In the first quarter 2017, the services sector rose 1.5 percent, higher than 1.4 percent in the March quarter 2017. The industry sector went up 2.1 percent, faster than a 0.9 percent expansion in the previous three months. The agriculture, hunting, forestry and fishing increased 1.6 percent, after expanding 2.1 percent in the first quarter.
Year-on-year, the economy grew an annual 6.5 percent, following a 6.4 percent expansion in the previous quarters and above market consensus of a 6.2 percent growth.