Trade speeds up
Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods posted a
7.9 percent growth in the fourth quarter of 2017, as compared with the 6.5 percent growth in the same period in 2016. Retail trade, the top contributor to the growth of the sector, grew by 8.2 percent. This is higher than the 5.7 percent growth in the previous year.
On the other hand, Wholesale Trade slowed down to
7.3 percent as compared with the 9.2 percent growth in the fourth quarter of 2016.
Meanwhile, Maintenance and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods registered a
4.3 percent growth, slower than the 9.7 percent growth posted on the same quarter of the previous year.