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Section: General News - Total merchandise imports in September 2009, amounting to $3.7 billion, grew by 1.5 percent from the previous month. A 10.2-percent contraction was recorded in August.
The slight recovery is attributed to moderate increases in the imports of capital goods, mineral fuels and lubricants, and semi-processed raw materials, Acting Socioeconomic Planning Secretary and NEDA Director-General Augusto B. Santos said in a memorandum to the President.
Compared to September 2008, imports dropped by 25 percent.
On account of the faster recovery of merchandise exports relative to merchandise imports, the trade deficit in September further narrowed, …