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Philippines SMI reports strong economic growth

Staff Writer |
The Philippines Sales Managers Index (SMI) for February suggests that the rate of growth in the economy has continued to increase at a faster rate when compared with Q4 2016.

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The Headline Sales Managers’ Index signalled a sustained and fast rate of growth, with an index reading of 80.6 in February, up 0.1 from the January level, World Economics reports.

The Market Growth Index ticked up to 76.4, highest level in close to two years and representative of increasing GDP growth rates.

Inflation rates remain solid with no change reported for the third consecutive month in the price of goods and services.

Business Confidence levels continued to remain very high along with new employment levels. â– 

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