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Philippine economic growth revised upward to 6.1 pct in Q3

MANILA
2016-01-27 16:57

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The Philippines' gross domestic product (GDP) in the third quarter of 2015 was slightly revised upward to 6.1 percent from 6.0 percent, the Philippine Statistics Authority (PSA) said Wednesday.

The top three contributors to the revision were trade and repair of motor vehicles, motorcycles, personal and household goods; transportation, storage, and communication; and construction, the agency said.

The PSA revises the GDP estimates based on an approved revision policy, which is consistent with international standard practices on national accounts revisions. The government is set to release the fourth quarter and annual performance of the Philippine economy in 2015 on Thursday.

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