This May 30, 2013 file photo shows a worker working on a steel pipe at an unidentified construction site in Manila. Construction activities are usually considered a positive indicator of economic growth. The Philippine Statistics Authority on Nov. 10, 2020 announced that the Philippine economy contracted by 11.5 percent in the third quarter. (AFP file photo)
The Philippine economy continued to contract in the third quarter of the year but at a slower pace compared to the steep decline in the second quarter, the Philippine Statistics Authority (PSA) reported on Tuesday.