Jan imports down 14.2% on-year

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Philippine merchandise imports dropped 14.2 percent in January from a year earlier, with eight out of 10 major commodities accounting for the fall, the latest government data shows.

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Imports in January fell to $5.108 billion from $5.955 billion in the corresponding month of 2014, the Philippine Statistics Authority (PSA) reported on Wednesday.

MAYVELIN U. CARABALLO

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