logo
  

Philippine Trade Deficit Widens In January

The Philippine trade deficit widened in January from the last year, as the increase in imports exceeded the exports growth, the Philippine Statistics Authority showed on Friday.

Exports rose 8.9 percent yearly in January, following a 7.3 percent growth in December. This was the highest since August last year.

Imports advanced 27.5 percent annually in January, after a 39.1 percent gain in the previous month.

The trade deficit increased to $4.695 billion in January from $2.877 billion in the same month last year. In December, the deficit was $5.273 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Australia's central bank raised its benchmark rate by a smaller-than-expected quarter point on Tuesday, after lifting rates by 50 basis points in each of the last four meetings. The policy board of the RBA, headed by Governor Philip Lowe, decided to lift the cash rate target by 25 basis points to 2.60 percent from 2.35 percent. This was the highest rate since July 2013. Unemployment data from Spain and producer prices from the euro area are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, the National Institute of Statistics is scheduled to issue Romania's producer prices for August. Australia's central bank raised its benchmark rate by a quarter-point to bring inflation back to the target range. The policy board of the RBA, headed by Governor Philip Lowe, decided to lift the cash rate target by 25 basis points to 2.60 percent from 2.35 percent. This was the highest rate since...
Follow RTT