Philippine GDP grows 5.2% in Q3 2024; 5% YoY industrial sector growth

The industrial sector posted a 5-per cent YoY growth in Q3 2024.

On the demand side, household final consumption expenditure was the top contributor to the increase in the country’s GDP, which grew by 5.1 per cent YoY in Q3 2024.

While imports of goods and services grew by 6.4 per cent YoY in the quarter, their exports recorded a YoY decline of 1 per cent.

The country’s gross national income grew by 6.8 per cent YoY in Q3 2024, a PSA release said.

The net primary income from the rest of the world grew by 19.3 per cent during the period.

Fibre2Fashion News Desk (DS)