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Wednesday, July 13, 2005
Export growth falters in May
MANILA - Philippine export growth slowed sharply in May as overseas demand for the country’s key electronics goods slipping back, official figures showed yesterday.
Exports in May rose 1.1 percent from a year earlier to $3.3 billion after growth of 8.8 percent to $3.23 billion in April.
The National Statistics Office said exports were up four percent by $16.05 billion in the five months to May.
For May alone, electronic exports products fell 3.8 percent year-on-year to $2.1 billion, accounting for 63.2 percent of total shipments, the statistics office added. (AFP)
(July 13, 2005 issue)
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