BSP Economic Update (as of June 28, 2016)
Real sector Real GDP for Q1 2016 grew by 6.9%, higher than the 6.5% growth in Q4 2015 and the 5.0% growth in Q1 2015. Supply side: Both the services and industry sectors continued to support domestic growth which expanded by 7.9% from 5.5% and to 8.7% from 5.3% a year ago, respectively. Meanwhile, …