Philippines Economy Grows 1.3% QoQ in Q3


The Philippines GDP expanded 1.3 percent quarter-on-quarter in the September quarter of 2017, following an upwardly revised 2.0 percent growth in the June quarter. The figure came below market estimates of a 1.6 percent expansion, as the services and the industry sectors grew at slower paces while the agriculture contracted.

In the third quarter, the services sector rose 1.5 percent, slower than a 1.9 percent rise in the June quarter. Also, the industry sector went up 1.4 percent, easing from a 2.4  percent expansion in the previous three months. Meantime, the agriculture, hunting, forestry and fishing contracted by 0.8 percent, after a 1.6 percent increase in Q2.

Year-on-year, the economy expanded an annual 6.9 percent, following an upwardly revised 6.7 percent expansion in the previous quarters and above  consensus of a 6.5 percent growth. It was the strongest growth since the September quarter 2016.

Philippines Economy Grows 1.3% QoQ in Q3


PSA l Rida Husna | rida@tradingeconomics.com
11/16/2017 3:34:04 AM