Philippines may see slowdown in Q3
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The Philippines would likely see slower growth in the third quarter as the mix of indicators used to forecast economic activity registered a slight dip, the National Statistical Coordination Board (NSCB) said in a report.
After accelerating for four consecutive quarters, the composite leading economic indicators, or LEIs, slightly fell in the third quarter of 2012, pointing to a possible weakening of the economy, the NSCB said.
The LEIs grew 0.146 in the third quarter of the year from the revised 0.206 in the second quarter, the NSCB reported.
This indicates a possible slowdown of economic activity in the country for the quarter,” it explained.
The negative contributors were money supply, total merchandise imports, wholesale price index, visitor arrivals, hotel occupancy rate, number of new businesses and consumer price index.
