PH trade deficit narrows in Sept

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THE Philippines’ trade deficit narrowed in September as exports grew faster than imports, the Philippine Statistics Authority (PSA) reported on Friday.

Exports rose 4.3 percent year-on-year to $5.59 billion, while imports grew 1.7 percent to $7.5 billion.

The country’s total balance of trade in goods amounted to $1.91 billion in September 2017, lower than the $2.02 billion recorded in September 2016, the PSA said in a statement. MAYVELIN U. CARABALLO

 

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