DOMESTIC trade contracted in the second quarter even as the economy was further reopened, preliminary data released by the Philippine Statistics Authority (PSA) on Monday showed.

The value of goods traded within the country fell by 17.9 percent to P190.09 billion from P231.51 a year earlier. Volume-wise, the plunge was a steeper 23.9 percent to 3.87 million tons from 5.08 million tons.

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