THE country’s two vehicle manufacturers’ and distributors’ groups published their monthly sales data for May this week, and in doing so provided some very good news about the economy, although in a way that might not be immediately obvious.

The Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and the Truck Manufacturers Association (TMA) reported that vehicle sales rose to 30,988 units in May, up 20.2 percent from the 25,799 vehicles sold in April. On a year-on-year basis, sales increased by 1.2 percent from 30,620 in May 2018.

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