Philippine exports: sharpest fall in over 2 years

Source: 
The Wall Street Journal Online

Philippine exports fell for the fifth straight month in September, contracting by 27 percent from a year earlier to USD3.88 billion, weighed primarily by a sharp decline in electronic shipments, the country's main export item.

The contraction is the sharpest in more than two years.

Moving forward, persisting global economic worries over Europe's escalating debt problems could further weigh on the country's export numbers, analysts say.

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