Agricultural output growth slows to 1.8 pct in fourth quarter | ABS-CBN

Welcome, Kapamilya! We use cookies to improve your browsing experience. Continuing to use this site means you agree to our use of cookies. Tell me more!
Agricultural output growth slows to 1.8 pct in fourth quarter
Agricultural output growth slows to 1.8 pct in fourth quarter
Reuters
Published Jan 23, 2019 02:09 PM PHT

MANILA - The Philippines' agricultural output grew 1.8 percent in the last quarter of 2018, slower than the 2.3-percent growth in the same quarter in 2017 but rebounding from the previous quarter's
0.8-percent contraction, the country's statistics agency said on Wednesday.
MANILA - The Philippines' agricultural output grew 1.8 percent in the last quarter of 2018, slower than the 2.3-percent growth in the same quarter in 2017 but rebounding from the previous quarter's
0.8-percent contraction, the country's statistics agency said on Wednesday.
All four subsectors - crops, livestock, poultry and fisheries - contributed to higher production in the fourth quarter.
All four subsectors - crops, livestock, poultry and fisheries - contributed to higher production in the fourth quarter.
The paddy rice harvest in the December quarter fell 2.2 percent from a year earlier, bringing full-year production to 19.1 million tons, below the government's forecast of 19.2 million tons and the previous year's 19.3 million tonnes.
The paddy rice harvest in the December quarter fell 2.2 percent from a year earlier, bringing full-year production to 19.1 million tons, below the government's forecast of 19.2 million tons and the previous year's 19.3 million tonnes.
The nation's agriculture sector is expected to post 2.5-3.5 percent growth in output this year, with rice production projected to hit an all-time high of 20 million tons, Agriculture Secretary Emmanuel Piñol said last month.
The nation's agriculture sector is expected to post 2.5-3.5 percent growth in output this year, with rice production projected to hit an all-time high of 20 million tons, Agriculture Secretary Emmanuel Piñol said last month.
ADVERTISEMENT
Agricultural output has accounted for about a tenth of the country's gross domestic product in recent years. The government will release fourth-quarter GDP data on Thursday.
Agricultural output has accounted for about a tenth of the country's gross domestic product in recent years. The government will release fourth-quarter GDP data on Thursday.
ADVERTISEMENT
ADVERTISEMENT