The Philippines’ merchandise imports contracted by 9.6 percent year-on-year in May, reversing a 3 percent gain in the previous month.
The country’s economic planning body, the National Economic and Development Authority (NEDA), explained that lower payments for imported mineral fuels and lubricants and capital goods significantly outweighed sustained growth in imports of raw materials and intermediate and consumer goods during the month.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.