Philippine Q3 GDP expands 6.2 pct y/y, better than forecast

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Reuters
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Credit: REUTERS/ROMEO RANOCO

The Philippine economy grew 6.2% in the third quarter from a year earlier, led by the services sector, the statistics agency said on Thursday, faster than market expectations.

MANILA, Nov 7 (Reuters) - The Philippine economy grew 6.2% in the third quarter from a year earlier, led by the services sector, the statistics agency said on Thursday, faster than market expectations.

The median forecast in a Reuters poll was for gross domestic product (GDP) to have risen 6.0% in the September quarter from a year earlier compared with 5.5% in the previous three months.

(Reporting by Karen Lema Editing by Jacqueline Wong)

((karen.lema@thomsonreuters.com; +632 841-8938;))

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