The Philippines GDP advanced 1.1 percent in the third quarter of 2015, down from an upwardly revised 2 percent expansion reported in April to June and below market expectations. While the agriculture sector further contracted, growth in the services and industry sectors slowed.
The services sector grew by 1.7 percent, as compared to a 2.2 percent expansion in the second quarter of 2015. The industry sector expanded by 0.6 percent, slowing from a 2.4 percent growth in the preceding quarter. Meanwhile, the agriculture sector shrank 1.1 percent, following a 0.5 percent decline in the previous three months.
Year-on-year, the economy expanded 6.0 percent in the September quarter, accelerating from an upwardly revised 5.8 percent expansion in the previous quarter but below market expectations.
11/26/2015 11:07:34 AM