It seems like the Philippine economy is producing some encouraging numbers lately. The revised composite leading economic indicator from the National Statistical Coordination Board says the economy continues to expand in the first quarter. The LEI is a sort of early warning system devised by both the National Economic Development Authority to forecast the short-term trajectory of economy. The latest export statistics from the National Statistics Office shows the December 2005 exports growing at 17 percent because of the much-improved performance of the country’s top ten exports, including electronics, garments, coconut oil, petroleum products, ignition wiring sets, bananas, metals, woodcraft and furniture, and pineapples. Is this a foretaste of things to come in the export sector? I keep my fingers crossed.
Culture, books, contact sports and reflections about life - or lack of it - beyond work and the cubicle.
Tuesday, February 14, 2006
Hey, optimistic numbers on Philippine economy are showing up!
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