The agriculture sector growth in the Philippines accelerated in the second quarter as favorable weather boosted harvests, the government reported on Tuesday.
The 6.18 percent expansion for April-June is an improvement from the 4.9 percent recorded in the first three months of the year.
The result bodes well for second quarter economic growth, data for which will be released on Thursday.
The crops sub-sector, which accounted for 50.75 percent of total agriculture output, expanded by 11.72 percent during the period.
“At current prices, agriculture grossed P422.36 billion or 11.41 percent higher than the previous year’s record. During the first half of 2017, gross output in agriculture expanded by 5.71 percent,” Agriculture Secretary Emmanuel Piñol said in a statement.
In gross value terms, crop production amounted to P231.61 billion, a 13.50 percent increase from last year’s level.
source: manilatimes.net
