PH trade gap likely wider in Oct

PH trade gap likely wider in Oct – HSBC

Dec 11, 2018 12:22 am

The country’s trade deficit likely expanded in October, banking giant HSBC said ahead of today’s release of official data.

“We expect the Philippine trade deficit to widen further in October, driven by a continued slowdown in exports alongside elevated imports of capital goods and raw materials,” it noted in a report.

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