In the third quarter of 2014, the Philippines GDP advanced 0.4 percent over the previous quarter, slower than a 1.9 percent expansion in April to June period and the lowest since the first quarter of 2009. The industry and services sector slowed, while agriculture declined.
The industry sector grew 0.7 percent in the third quarter, slower than 2.9 percent in the previous period. The services sector expanded 0.9 percent as compared to 1.5 percent growth in the second quarter of 2014. Agriculture contracted 3.7 percent from a 0.9 percent growth in the preceding quarter.
Year-on-year, the economy advanced 5.3 percent, down from 6.4 percent expansion reported from April to June.
11/27/2014 2:43:25 PM