DOMESTIC TRADE UP 5.4% IN Q1

In a statement released by the Philippine Statistics Authority yesterday, the total quantity of domestic trade during the first quarter of 2018 was posted at 5.11 million tons, up by 5.4 percent from its level of 4.85 million tons in the same quarter of 2017.

Of this figure, Food and live animals commodities were the highest in terms of quantity with 1.36 million tons or 26.5 percent share to total quantity of domestic trade. Animal and vegetable oils, fats and waxes commodities had the least quantity with only 0.02 million tons.

Similarly, value of domestic trade amounting to PHP174.88 billion went up by 6.14 percent in the first quarter of 2018 from PHP164.77 billion in the first quarter of 2017.

These figures show robust economic activity, mirrored in improved employment figures, with unemplyment down to 5.3% in January 2018 from 6.6% in the same period in 2017. Underemployment, though increased to 18% from last years 16.3% (https://www.psa.gov.ph/content/employment-rate-january-2018-estimated-947-percent ).