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Philippines SMI reports strong economic growth

Staff Writer | March 30, 2017
The Philippines Sales Managers Index (SMI) for March suggests that the rate of growth of the economy has continued to increase at a faster rate when compared with Q4 2016.
Philippine central bank
Asia   The Market Growth Index ticked up to 76.6
The Headline Sales Managers’ Index signalled a sustained and fast rate of growth, with an index reading of 80.6 in March, unchanged from the February level, World Economics reports.

The Market Growth Index ticked up to 76.6, the highest level in close to two years and representative of increasing GDP growth rates.

Inflation rates remain solid with an upward movement in the price of goods and services.

Business Confidence levels continued to remain very high along with new employment levels which are being reinforced by solid Market and Sales growth.