The Philippine economy posted a 6.5% growth in the second quarter of 2017. This robust economic growth resulted in the 6.4% expansion of the economy in the first semester of the year. The service sector posted the highest share to GDP of 57.4%, followed by industry (34.2%), and agriculture, hunting, forestry and fishing (8.4%).
The industry sector accelerated the fastest in the second quarter of 2017 at 7.3%, while agriculture recovered with 6.3% growth, and services slowed down to 6.1%. Manufacturing served as the key growth driver in the industry sector, posting a 7.9% increase.