Philippines Q1 GDP grows 6.8 pct y/y, in line with forecasts

MANILA, May 10: The Philippine economy grew 6.8 percent in the first quarter from a year earlier, matching expectations, driven by industry and services, the statistics agency said on Thursday.

Economists polled by Reuters had predicted that gross domestic product would grow 6.8 percent in the January-March period, after 6.5 percent expansion the previous quarter.
Details on quarterly growth are due to be released later.
Economists had estimated the economy would grow 1.5 percent in the first quarter from the previous three months, matching the pace of the fourth quarter. REUTERS