Agriculture output shrinks 0.37% in Q2

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Date
August 15, 2015
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MB20150815_B-1
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Dragged by lower production in crops and fisheries subsectors, the country's agriculture sector has performed poorly within the last three months, earning lower at P372.4 billion. A Philippine Statistics Authority-Bureau of Agricultural Statistics (PSA-BAS) data showed that Philippine agriculture contracted by 0.37 percent in the second quarter of 2015. "The downturn was traced to the intense heat during the quarter which negatively affected the performance of the crops and fisheries subsectors," PSA-BAS said yesterday. At current prices, agriculture grossed P372.4 billion, which was 5.21 percent lower than last year's earnings. For the period, January to June, 2015, agriculture posted a cumulative growth of only 0.73 percent.
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Agriculture output shrinks 0.37% in Q2. (2015, August 15). Manila Bulletin, pp. B-1, B-11.
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http://hdl.handle.net/20.500.12174/1564
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