Halister News

(Bloomberg) -- Weak global demand probably means Philippines’ exports fell for the 11th consecutive month in February, according to economists.

• Exports probably fell 3.2% y/y following a 3.9% contraction in Jan., median est. in Bloomberg survey shows; range of ests. is from -7.0% to +1.7%; data due at 9am local time tomorrow
• Jan. exports surprised with a 3.9% y/y decline vs median est. of a 0.4% expansion, data released March 10 showed
• Coconut oil exports fell 8.08% y/y in the first two months of this year, industry group reported on April 8, citing El Nino effect on supply of raw materials
• USD/PHP down 0.1% to 46.080 today