PHILIPPINE exports fell 17.4 percent year-on-year in May, hitting their lowest level in more than three years, with seven major industry sectors posting declines during the month, preliminary government figures show.
The fall in May was larger that the 4.1 percent drop recorded in April and erased a 15.6 percent increase posted in May 2014, according to figures released Friday by the Philippine Statistics Authority (PSA).
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