Wednesday, May 9, 2007

Philippine Export Growth Unexpectedly Accelerates to Highest Ever in March

(Bloomberg) -- Philippine export growth unexpectedly accelerated to the highest level ever in March, adding to signs growth in the Southeast Asian economy may speed up.

Overseas sales increased 10.6 percent to a record $4.57 billion from a year earlier, the National Statistics Office said in Manila. That follows a 7 percent gain in February. The median estimate of 12 economists in a Bloomberg News survey was for a 4.5 percent rise.


Read more at Bloomberg Emerging Markets News

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