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Exports climb 4.3% in July


Reuters
First Posted 10:06:00 09/10/2008

Filed Under: Economy, Business & Finance,Economic Indicators

MANILA, Philippines -- Exports grew 4.3 percent in July from a year ago, against a revised 8.8 percent annual increase in June, the National Statistics Office said Wednesday.

Shipments of electronics products, the country's main export, rose 2.6 percent year-on-year in July after a 6.4 percent annual climb in June.

Exports for the first seven months of the year rose 4.1 percent. The government has set a goal of 5.0-percent growth in total merchandise exports this year, slower than 2007's 6.0-percent increase.

Besides electronics, which are largely assembled from imported parts, other key Philippine exports include garments and accessories, vehicle parts, coconut oil, tropical fruit and wood furniture.



Copyright 2009 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



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