• PH imports hit highest growth pace in over a year

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    Philippine merchandise imports rebounded from the January slump with an 11.2 percent increase in February, marking their fastest annual growth pace in more than a year, preliminary government data showed on Tuesday.

    Imports in February rose to $5.326 billion from $4.788 billion in the corresponding month of 2014, the Philippine Statistics Authority (PSA) reported.

    The February increase compares with 1.7 percent annual growth a year earlier and reverses the 12.4 percent drop recorded in January this year.

    The 11.2 percent rise in February is the highest import growth rate on record for the Philippines since the 24.4 percent surge posted in January 2014.

    /nt

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