Sign up | Log in



Home  >>  Daily News  >>  Philippines News  >> Economy  >> Philippine economy shows slight improvement in Q4

24 December 2009
Related Stories

December 18, 2009
Philippines confident meeting growth target in 2009 and 2010

December 17, 2009
ADB warns Philippines of inflationary pressure from money sent home

December 6, 2009
Philippines: Concessional loan to induce $2.75bn in investments

November 28, 2009
Philippine president urged to run for Congress


Philippine economy shows slight improvement in Q4

The latest data from Philippine National Statistics Office (NSO) showed that the economy is likely to have registered a modest improvement in the fourth quarter this year, the Manila Times reported.

In a statement, the NSO said Philippine imports contracted at a slower 16.8 percent year-on-year in October to $3.81 billion. The country’s purchases of merchandise goods from abroad had fallen by 25 percent year-on-year in September.

On a month-on-month basis, total imports for October inched up by 3.8 percent from $3.670 billion in September.

In the first 10 months, imports had fallen by 29 percent year-on-year to $35.485 billion. The October imports brought the trade deficit to $4.175 billion during the 10-month period, less than the $7.070-billion deficit in the same period last year.

In October alone, the deficit amounted to $138 million, lower than the last year’s $588 million. Electronics, which accounted for 37.6 percent of the total import bill, dropped 11.3 percent to $1.431 billion in October, easing from the 22 percent year-on-year contraction in September.

Imports of products used to assemble the country’s biggest export commodity—electronics—grew 7.6 percent month-on-month from $1.331 billion in September. In a separate statement, the NSO said factory output likewise registered a softer contraction in October, as capacity utilisation improved.


Comment on this Article. Send them to
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2019 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand