Philippine economy grew 6.4% in second quarter

August 17, 2017

The Philippine economy grew at 6.5 percent in the second quarter, the National Economic Development Authority said Thursday.

Among sectors, agriculture topped with 6.3 percent, industry 7.3 percent and services 6.1 percent.

NEDA Director General Ernesto Pernia said the 6.5 percent growth rate " puts the country as either the second or third fastest growing major Asian economy, next only to China."

"We are well on track to meeting our full-year target growth of 6.5 to 7.5 percent," he said. DMS