Gross revenues of major industries down 4.9% in Q1

MANILA, Philippines – Alongside the economic contraction during the first quarter, gross revenues of major industries dropped by 4.9 percent, the government reported on Thursday. The Philippine Statistics Authority’s (PSA) latest quarterly economic indices (QEI) report showed that the decline in first-quarter gross revenue index reversed the 8.3-percent growth a year ago. In the first […]