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.

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Source: The Manila Times

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