Key industries post 6.3% Q1 revenue growth

Gross revenues of key industries grew at a slower pace of 6.3 percent in the first quarter of this year after expanding 9.5 percent in the same period last year, the latest government data shows.

In the July 2014 issue of the Quarterly Economic Indices (QEI) of the Philippines, the Philippine Statistics Authority (PSA) said that among industries, the transportation and communications sector recorded two consecutive quarters of the fastest revenue increase at 15.7 percent for the period, rebounding from a contraction of 0.1 percent a year earlier.