Philippines Balance of Payments at $671 Million Deficit in August 2017
Manila | 19th September 2017
Philippines balance of payments (BOP) position in August 2017 posted a slight deficit of US$7 million, lower by US$671 million than the previous month’s shortfall of US$678 million.
” PHILIPPINES BALANCE OF PAYMENTS IN AUGUST 2017 AT $671 MILLION DEFICIT “
On a cumulative basis, the overall BOP position reached a deficit of US$1.391 billion for the first eight months of the year, a turnaround from the US$1.531 billion surplus recorded in the same period a year ago.
Source: Bangko Sentral ng Pilipinas
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