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Article: RP exports up 15.9 percent in March.
- Article from:
- Philippines News Agency
- Article date:
- May 22, 2009
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MANILA, May 22 (PNA) -- Philippine exports in March 2009 increased by 15.9 percent over that of February with majority of commodity groups posting month-on-month growth, indicating an easing of the recession in the country's foreign markets. Merchandise exports in March 2009 amounted to 2.9 billion dollars compared to 4.2 billion dollars for the same period last year, but better than last February's 2.5 billion dollars. The figure represents the sixth consecutive month of export contraction as all major commodity groups, except for forest products, posted significant year-on-year declines. On a cumulative basis, export revenues for the first quarter of 2009 amounted to 7.9 ...