Monday, 09 July 2007

Philippine Exports Expand Slower Than Expected as U.S., Japan Sales Drop

(Bloomberg) -- Philippine exports grew at a slower
pace than economists expected in May as shipments to the U.S.
and Japan, the nation's two biggest markets, declined.

Overseas sales gained 6.1 percent from a year earlier to
$4.12 billion, the National Statistics Office said in Manila
today. Economists expected an 8 percent advance. Exports rose a
revised 5.1 percent in April, the slowest pace this year.


Read more at Bloomberg Emerging Markets News

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