World Economy

Philippines Exports Rise

Philippines Exports RisePhilippines Exports Rise

Philippine merchandise exports increased by 2.1% to $5.376b in March, from $5.268b a year earlier, on the heels of three consecutive months of declines since December 2014, the National Economic and Development Authority (NEDA), revealed on Tuesday, GMA News reported. However, Philippine shipments remain in the doldrums year-on-year, considering that exports grew by 12.1% in March 2014, data released by the Philippine Statistics Authority (PSA) showed. Woodcrafts and furniture; ignition wiring sets used in vehicles, aircrafts and ships; and other manufactures delivered a cumulative decline of 78.3 percentage points in growth terms, PSA data also showed.