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BusinessWorld December 11, 2020 | 12:32 am th straight month and exports returned to negative territory. Preliminary data by the Philippine Statistics Authority (PSA) showed merchandise exports in October contracted by 2.2% year on year to $6.202 billion, compared with a revised 2.9% growth in September and a flat 0.5% growth in October 2019. Prior to that, the export growth in September marked the first expansion in seven months. Meanwhile, merchandise imports shrank for the 18 th straight month in October by 19.5% to $7.979 billion. This was worse compared with the 15.3% and 7.6% contractions logged in September 2020 and October 2019, respectively. Trade deficit for the month stood at $1.777 billion, lower than $1.783 billion in September 2020 and $3.573 billion in October 2019.

United statesSergior ortiz luis jrKarl kendrickt chuaBeatricem laforgaMichelle annep solimanRuben carloPhilippine exporters confederation incAssociation of southeast asian nationsPhilippine statistics authorityDevelopment budget coordination committeeJpmorgan research analyst milo gunasinghePhilippines incSoutheast asian nationsSenior economist nicholas antonioChief economist ruben carloAsian institute