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PHILIPPINES: September Exports Very Weak as Imports Grow. 

PHILIPPINES
GlobalEM BulletPhilippinesBulletAPACEmerging Market NewsRegion
  • Philippines September exports contracted -7.6% versus a +0.3% in August.
  • Market surveys saw expectations for a +2.7% increase.
  • Imports rose by +9.9% from a revised +2.9% for August.
  • Philippines trade deficit widened to $5.07bn from $4.393bn in August.
  • The Philippines Central Bank cut rates at their October meeting and is widely expected to cut again at their last meeting for the year on December 19. 
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  • Philippines September exports contracted -7.6% versus a +0.3% in August.
  • Market surveys saw expectations for a +2.7% increase.
  • Imports rose by +9.9% from a revised +2.9% for August.
  • Philippines trade deficit widened to $5.07bn from $4.393bn in August.
  • The Philippines Central Bank cut rates at their October meeting and is widely expected to cut again at their last meeting for the year on December 19.