Philippines Economy Grows 1.8% QoQ in Q2


The Philippines GDP advanced 1.8 percent in the second quarter of 2015, significantly up from a revised 0.4 percent expansion reported in January to March but below market consensus. A rebound in the industry sector and an expansion in the services sector offset a slower decline in the agriculture sector.

The services sector grew by 1.8 percent, as compared to a 1.6 percent expansion in the March quarter. The industry sector expanded by 2.6 percent, rebounding from a 0.7 percent decline in the preceding quarter. In contrast, the agriculture sector shrank 0.4 percent, following a 2.2 percent decline in the first quarter of 2015.

Year-on-year, the economy advanced 5.6 percent in the June quarter, accelerating from a revised 5.0 percent expansion reported in the previous three months.

Philippines Economy Grows 1.8% QoQ in Q2


PSA l Rida Husna l rida@tradingeconomics.com
8/27/2015 6:14:13 AM