Philippine retail sales surge
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Philippine retail sales soared 6.3 per cent in the last quarter of 2015 – more than three times faster than the same period a year earlier.
According to data from the Philippine Statistics Authority, the retail trade growth was more than three times the rate of the same period of 2014, when sales rose 1.9 per cent.
Thus, the retail sector has significantly contributed to the growth of overall trade in the country.
Wholesale trade also accelerated to 9.0 per cent compared with the 8.9 per cent growth a year ago.
The industry group that includes wholesale and retail trade accelerated to 7.0 per cent growth in the fourth quarter of 2015 from the 3.4 per cent posted in 2014.
Questions & Answers
Q.What was the growth rate for Philippine retail sales in the final quarter of 2015?
What was the growth rate for Philippine retail sales in the final quarter of 2015?
Philippine retail sales grew by 6.3 per cent in the last quarter of 2015. This rate was more than three times faster than the growth experienced during the same period a year earlier.
Q.How did the 2015 fourth-quarter retail sales growth compare to the previous year?
How did the 2015 fourth-quarter retail sales growth compare to the previous year?
The retail trade growth of 6.3 per cent in the last quarter of 2015 was more than three times the rate recorded in the same period of 2014, when sales increased by 1.9 per cent.
Q.Did wholesale trade also show increased growth in the fourth quarter of 2015?
Did wholesale trade also show increased growth in the fourth quarter of 2015?
Yes, wholesale trade accelerated to 9.0 per cent growth in the fourth quarter of 2015. This was an increase from the 8.9 per cent growth observed in the corresponding period of the previous year.
Q.What was the overall growth for the industry group including wholesale and retail trade in late 2015?
What was the overall growth for the industry group including wholesale and retail trade in late 2015?
The industry group encompassing both wholesale and retail trade accelerated to 7.0 per cent growth in the fourth quarter of 2015. This is a significant increase from the 3.4 per cent posted in 2014.
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