Philippines trims Q3 GDP growth to 6.9 pct year on year

Posted at 01/29/14 5:06 PM

MANILA - Philippine economic growth in the third quarter of 2013 was revised marginally downwards to 6.9 percent from 7.0 percent, the statistics board said in a notice on its website.

Official data on fourth quarter 2013 GDP growth will be released on Thursday.

The board has not made any revision to its figure of 1.1 percent for quarterly growth in the July-September period.

For the October-December period, growth is forecast at 0.8 percent in seasonally adjusted terms from the previous three months, the slowest in more than two years, a Reuters poll found. From a year earlier, the growth pace probably was a two-year low of 6.0 percent, according to a Reuters poll.

Manila has a 2013 growth target 6-7 percent.