philippine imports growth slows
Last Updated : GMT 07:53:37
Arab Today, arab today
Arab Today, arab today

Philippine imports growth slows

Arab Today, arab today

Arab Today, arab today Philippine imports growth slows

Manila - AFP

Philippine imports grew at their slowest rate in one and a half years in May, largely due to a steep decline in oil and cereal purchases, the government said Tuesday. Total imports for the month rose 1.6 percent to $4.89 billion compared to a year earlier, the National Statistics Office said in a statement. It was their slowest year-on-year advance since imports started rising in November 2009 from the slump caused by the global economic crisis, according to National Statistics Office data. May imports were also down 11.1 percent from the previous month. Analyst Alvin Arogo of DBP-Daiwa Securities said the weak figures did not necessarily augur well for the Philippine trade balance. \"There\'s a possibility the trade deficit will worsen. I don\'t expect a significant improvement (in exports), meaning the deficit won\'t probably shrink,\" Arogo told Dow Jones Newswires. Raw materials and intermediate goods, which are processed or assembled in the Philippines to be sold abroad, accounted for 47.3 percent of all May imports, according to the government data. Imports of oil products, the second-largest group, plunged 33.5 percent to $686 million. Cereal product imports dropped 18.8 percent to $190 million, while transport equipment imports slipped 10.8 percent to $217 million. Meanwhile, manufacturing output, adjusted for inflation, grew just 0.9 percent in May from a year earlier, the government agency said. Despite the weak data in May, total imports for the five months to May grew 17.4 percent to about $26 billion, and the trade deficit jumped 80.81 percent to $5.37 billion after exports rose 7.5 percent to $20.63 billion, the government said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

philippine imports growth slows philippine imports growth slows

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

philippine imports growth slows philippine imports growth slows

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday