In the second quarter of 2014, the Philippines GDP advanced 1.9 percent on a seasonally adjusted basis over the previous quarter, higher than a revised 1.4 percent expansion in the previous three months and the fastest in the last five quarters. All major sectors posted growth.
The industry sector grew 2.8 percent during April to June period, faster than 1.7 percent in the previous period. Agriculture accelerated 1.3 percent from 0,4 percent in the preceding quarter and industry slowed 1.4 percent from 1.9 percent in the first quarter of 2014.
Year-on-year, the economy advanced 6.4 percent in Q2, up from a revised 5.6 percent expansion in the first three months of 2014.
8/28/2014 9:14:41 AM