Nov exports may have seen flat growth

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THE National Statistics Office’s (NSO) review of November exports data is pointing to a flat growth instead of an earlier reported decline, according to an official from the National Economic and Development Authority.

The error stemmed from the non-inclusion of export figures submitted by both Bureau of Customs (BOC) and the Philippine Economic Zone Authority (PEZA) via the automated export documentation system.

NSO earlier reported merchandise exports for November fell 4.9% to $2.95 billion from $3.103 billion.