A police officer receives his first dose of Sinovac Biotech’s CoronaVac vaccine for the coronavirus disease (Covid-19) during the vaccination of essential workers, at the Navotas Fish Port, in Navotas City, Metro Manila, Philippines, June 10, 2021. - Reuters
MANILA, June 11 (Bloomberg): The rise in Philippine exports and imports undershot economists’ expectations in April after Covid-related mobility restrictions were reimposed to stem a surge in cases.
Exports rose 72.1% in April from a year ago to $5.7 billion, according to the statistics authority. The increase -- largely due to last year’s slump when the country was in a strict lockdown -- was below the 90.4% median estimate in a Bloomberg survey. Exports were down about 16% from March.
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