Philippines Economy Grows 1.8% QoQ in Q2


The Philippines GDP advanced 1.8 percent quarter-on-quarter in the June quarter of 2016, accelerating from an upwardly revised 1.3 percent expansion reported in the previous three months and in line with market expectations. A faster increase in the services sector and a rebound in the agriculture sector offset a slowdown the industry sector.

Agriculture, hunting, forestry and fishing grew by 0.9 percent, reversing from a 3.7 percent  decline in the March quarter. The services sector expanded 2.4 percent, as compared to a 1.8 percent growth in the first quarter. The industry sector rose 1.1 percent, easing from a 1.7 percent expansion in the previous three months.

Year-on-year, the economy grew an annual 7.0 percent in the second quarter of 2016, accelerating from a downwardly revised 6.8 percent expansion in the previous three months and beating market consensus of a 6.7 percent growth. It was the strongest expansion since the September quarter 2013.

Philippines Economy Grows 1.8% QoQ in Q2


PSA l Rida Husna | rida@tradingeconomics.com
8/18/2016 5:24:33 AM