Agriculture output slows down in Q4 of 2018

Credit to Author: EIREENE JAIREE GOMEZ| Date: Wed, 23 Jan 2019 03:43:55 +0000

PHILIPPINE agriculture sector slowed down to 1.8 percent in the last quarter of 2018, according to the Philippine Statistics Authority (PSA).

In its quarterly Performance of Philippine Agriculture report, the PSA said the figure was much lower than the 2.26 percent recorded in the same period in 2017.

On a quarterly basis, the growth in October-December period was a rebound from previous quarter’s 0.8-percent contraction.

All four subsectors namely crops, livestock, poultry and fisheries contributed to higher production in the fourth quarter, PSA said.

In terms of value at current prices, agricultural production amounted to P521.2 billion, up 4.05 percent from P500.9 billion registered in 2017.

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