The Philippines will release March export data on 12 May. Export growth is expected to have dropped for a fourth consecutive month to 1% y/y, versus the 3.1% drop in February, owing in part to sluggish external demand from its major trading partners in Asia.
Electronics exports continue to perform better than non-electronics exports, and strong electronics imports in recent months indicate that electronics export growth will continue to support overall growth.
"We expect export growth to increase in H2 as demand from Asia improves", said Standard Chartered in a report on Monday
