The Philippine trade deficit narrowed in October as exports rise amid a decline in imports, data from the Philippine Statistics Authority showed on Tuesday.
The visible trade deficit narrowed to $3.25 billion in October from $4.42 billion last year. Economists had forecast a deficit of $3.60 billion.
Exports edged up 0.1 percent annually in October, after a 1.2 percent decrease in September. Economists had forecast a fall of 3.3 percent. Shipments of electronic products advanced 7 percent.
Imports declined 10.8 percent in October, following a 10.5 percent decrease in the previous month. Economists had expected an 8.5 percent fall.
The material has been provided by InstaForex Company - www.instaforex.com
source http://www.mt5.com/forex_news/quickview/2147990/
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