MANILA, Jan 10 (Reuters) - The Philippines' statistics
office on Thursday released data on November exports:
Total exports Nov Oct Sept Aug July June
yr/yr change (pct) 5.5 6.1 22.8 -9.0 6.0 4.3
in $ bln 3.55 4.41 4.78 3.8 4.73 4.31
yr/yr growth (pct) 13.3 0.3 1.0 -14.9 -25.6 -14.6
in $ bln 1.73 1.90 1.83 1.77 1.68 1.89
NOTE: Some numbers for previous months may have been
- The central bank lowered its 2012 exports and imports
growth forecast to 8 percent and 7 percent respectively in
November, from previous estimates of 10 percent and 12 percent.
- The industry group Semiconductors and Electronics
Industries in the Philippines Inc expects exports of the sector
will post no growth in 2012 due to sluggish demand, but recover
this year and grow 5 percent to 6 percent.
- Bangko Sentral ng Pilipinas Governor Amando Tetangco has
said the central bank will likely keep interest rates low this
year and growth should remain on a solid footing, aided by
strong domestic consumption and higher government spending.
- The Philippine economy grew 7.1 percent in July-September
from a year earlier and 1.3 percent from the previous quarter as
strong domestic consumption helped offset weak global demand for
the country's exports.
- The Southeast Asian country provides about 10 percent of
the world's semiconductor manufacturing services, including for
mobile phone chips and micro processors. Semiconductors account
for about three-fifths of exports.
- National Statistics Office website http://www.census.gov.ph
(Reporting by Erik Dela Cruz; Editing by John Mair)
Keywords: PHILIPPINES ECONOMY/EXPORTS
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