Imports of Services slows down
Imports of services slowed down to
10.7 percent during the second quarter of 2017 as compared with 22.0 percent growth in the same quarter of 2016. Miscellaneous Services contributed the most to the growth of this sector as it grew by 11.3 percent, slower than the 35.5 percent growth posted in the previous year. Moreover, Travel rebounded to 10.5 percent, from a 1.0 percent decline in 2016.
On the other hand, Insurance, Government, and Transportation grew but at a slower pace by
13.8 percent, 5.9 percent and 9.3 percent, respectively.