Monday, June 25, 2007

Philippines Trade Deficit Narrows in April as Electronics Imports Decline

(Bloomberg) -- The Philippines trade deficit
narrowed in April as manufacturers imported fewer raw materials
used to make laptops and video players for export, signaling
shipments abroad may continue to slow in coming months.

The gap in trade was $219 million, compared with a revised
shortfall of $499 million a year earlier, the National
Statistics Office said in Manila today. The deficit for the
first four months was $8 million.


Read more at Bloomberg Emerging Markets News

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