PH industries Q1 revenue growth gains pace to 7.4%, led by property

Philippine industries posted accelerating growth of 7.4 percent in combined gross revenues in the first quarter of 2015 from 6.3 percent a year earlier, paced largely by the expansion of earnings in the real estate sector, official statistics show.

In the August 2015 issue of the Quarterly Economic Indices (QEI) of the Philippines, the Philippine Statistics Authority (PSA) said the real estate sector posted the fastest revenue increase of 13.7 percent in the first quarter from 13.4 percent in the same period in 2014.