By: Riza T. Olchondra
Philippine Daily Inquirer
Philippine exports continued to skid in November 2011, with receipts dropping by 19.4 percent from the $4.146 billion reported in the same month the previous year.
The sharp drop in outbound shipments of electronic products pulled down overall sales in November to $3.342 billion, despite huge gains from other items such as copper cathodes and sugar, the National Statistics Office (NSO) reported.
In the first four months of 2011, exports were observed to be on the rise. But in May, export figures began to drop. That trend continued to November.
According to the statistics agency, November’s exports were 18.2 percent lower than the $4.088 billion reported in October 2011.
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