Agriculture sector barely expanded in second quarter
Excerpt
The agriculture sector barely grew 0.07 percent in the second quarter, as the strong poultry and livestock production offset the lower rice and corn harvests, data from the Philippine Statistics Authority show. “Improvements in production were noted in the livestock and poultry subsectors. However, the crops and fisheries subsectors recorded declines in output,” the PSA said in a statement Wednesday. The PSA said the total gross earnings of combined crops, livestock, poultry and fisheries subsectors in the second quarter reached P447.2 billion at current prices. This was 5.55 percent higher than the previous year’s record. The crops subsector, which accounted for 49.65 percent of the total agricultural production, registered a 2.08-percent reduction in output in the second quarter and a 0.44-percent decline in the first half.
Citation
Rada, J. G. (2018, August 9). Agriculture sector barely expanded in second quarter. Manila Standard, p. B2.
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