Philippines Trade Deficit Grows To $3.577 Billion In August

The Philippines posted a merchandise trade deficit of $3.577 billion in August, the National Statistics Office said on Tuesday. That missed expectations for a shortfall of $3.5 billion following the $3.29 billion deficit in July. Exports were up 17.6 percent on year, shy of expectations for an increase of 20 percent following the 12.7 percent gain in the previous month. Imports spiked an annual 30.8 percent versus forecasts for an increase of 28.0 percent following the 24.0 percent gain a month earlier. For comments and feedback contact: editorial@rttnews.com Economic News What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more. Biotech Stocks Facing FDA Decision In October 2021 Biotech Stocks Facing FDA Decision In September 2021 Biotech Stocks Facing FDA Decision In August 2021

Philippines Trade Deficit Grows To $3.577 Billion In August

The Philippines posted a merchandise trade deficit of $3.577 billion in August, the National Statistics Office said on Tuesday.

That missed expectations for a shortfall of $3.5 billion following the $3.29 billion deficit in July.

Exports were up 17.6 percent on year, shy of expectations for an increase of 20 percent following the 12.7 percent gain in the previous month.

Imports spiked an annual 30.8 percent versus forecasts for an increase of 28.0 percent following the 24.0 percent gain a month earlier.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

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