Neda: Global econ­omy to sus­tain PH trade growth

Sun.Star Cagayan de Oro - - Business -

THE Na­tional Eco­nomic and De­vel­op­ment Au­thor­ity (Neda) en­cour­aged busi­nesses in the Philip­pines to take ad­van­tage of the global econ­omy’s solid foot­ing as it is ex­pected to sup­port the coun­try’s trade per­for­mance, es­pe­cially in terms of ex­ports.

Neda-at­tached agency Philip­pine Sta­tis­tics Au­thor­ity (PSA) re­ported that the coun­try’s to­tal trade picked up by 10.0 per­cent to $12.4 bil­lion in Fe­bru­ary 2018 backed by im­ports that grew by 18.6 per­cent as all com­mod­ity groups sus­tained pos­i­tive gains.

On the other hand, mer­chan­dise ex­ports fell for the first time since Novem­ber 2016 due to lower re­ceipts from to­tal agro-based prod­ucts, man­u­fac­tures, and petroleum prod­ucts.

Among agro-based prod­ucts, ex­port of co­conut prod­ucts fell by 50.8 per­cent from a high 66.9 per­cent growth in 2017.PR

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