Exports from the Philippines expanded in January for the first time in eight months thanks primarily to increased shipments of electronics products and copper cathodes, but economists caution that this single expansion isn’t necessarily the start of an upward trend.
The value of exports grew 3 percent from the same month a year earlier to USD4.12 billion, data released on Tuesday by the National Statistics Office showed.
That ended eight months of contraction, and was the first expansion since the 19 percent of April 2011.
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(Source: The Wall Street Journal Online )