Exports down, but production rises

Demand for Philippine products in the world market, which marked growth in February and March, slipped in April with shipments declining 4.1 percent to $4.254 billion. As a result, total shipments during the first four months of the year declined by $1.375 billion or 7.3 percent to $17.363 billion compared with the first four months of 2015.

Total exports had risen to $4.622 billion in March from $4.310 billion February and $4.197 billion in January.