(MENAFN) Based on The Philippine Statistics Authority (PSA), Philippine's imports raised by 39.3% year-on-year to USD 6.736b.
Socioeconomic Planning stated that the positive performance of imports is a signal that the national economic conditions are strong even if the global economy is weak.
Only the Philippine, among 11 selected Asian countries, showed a growth of 39.3% while other countries declined.
Surprisingly, growing imports for the Q1 amounted to USD 31.893b, sharing an increase compared to the same period of the last year.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.