Philippines Economy Expands 1.4% QoQ in Q3


The Philippines GDP advanced 1.4 percent quarter-on-quarter in the three months to September of 2018, after an upwardly revised 1.5 percent growth in the previous quarter and missing market estimates of a 2.1 percent expansion. The services sector increased at a softer pace while the agriculture contracted.

In the September quarter, output rose at a slower rate for the services sector (1.7 percent from 1.8 percent in the June quarter). In addition, the agriculture, hunting, forestry and fishing shrank 0.8 percent, following a  0.4 percent rise in the previous  quarter. Meanwhile, the industry sector grew 1.6 percent, compared to a 1.4 percent growth in the prior quarter. 

Year-on-year, the economy grew by 6.1 percent, compared to an upwardly revised 6.2 percent  growth in the second quarter. It was the slowest pace of expansion since the June quarter 2015. 

Philippines Economy Expands 1.4% QoQ in Q3


PSA l Rida | rida@tradingeconomics.com
11/8/2018 2:52:13 AM