Third quarter growth revised lower to 6%: PSA

January 22, 2020

The Philippine Statistics Authority ( PSA) Wednesday revised third quarter gross domestic product ( GDP) to 6 percent from 6.2 percent.

This means average growth for the nine-month period is now at 5.7 percent from 5.8 percent.

''Major contributors to the revision were other services, from 5.1 percent to 4.2 percent; construction, from 16.3 percent to 15.4 percent; and transport, storage and communication, from 9.1 percent to 8.2 percent,'' said the PSA in a statement, 

The announcement came a day before the PSA announces fourth quarter and full year growth figures. DMS