MANILA - The economy grew 6.9 percent last year, the statistics agency said on Thursday, confirming the quickest pace of growth in three years and a touch faster than the previously announced 6.8 percent.
The revision followed changes to data from sectors including
construction, mining and quarrying, it said in a statement.
Growth in the fourth quarter of 2016 remained unchanged at
Economic Planning Secretary Ernesto Pernia told Reuters on
March 23 he was expecting the economy to expand between 6.5 and 7 percent in the first quarter this year or even faster,
putting the government on track to meet its full-year target.
Pernia tipped full-year growth around the midpoint of the government's 6.5 to 7.5 percent goal.
The government is scheduled to release the first-quarter GDP data on May 18.