Philippines’ February Imports Fastest in 13 Months
Philippine merchandise imports rebounded from the January slump with an 11.2 percent increase in February, marking their fastest annual growth pace in more than a year, according to preliminary data from the Philippine Statistics Authority (PSA).
Given the preliminary import figures, the PSA said total trade in February resulted in a deficit of $812 million, narrowing from the $862 million gap recorded in January.
Source: The Manila Times
