Imports of Services decelerates
Imports of Services recorded 1.5 percent growth in the second quarter of 2019. This was slower than the 10.4 percent growth in the same period of the previous year. Miscellaneous Services was the top contributor to the growth, which grew by 8.0 percent. This was slower than the 9.4 percent growth posted in the previous year. Travel also grew by 1.9 percent, while Government, Insurance, and Transportation declined by 1.3 percent, 1.2 percent, and 9.8 percent, respectively.