THE Philippines continued to miss its agriculture growth target in 2019 as the sector contracted in the fourth quarter of the year, the Philippine Statistics Authority (PSA) reported Wednesday.
Data released by the PSA showed that the value of total farm production grew 0.4 percent in the fourth quarter of 2019.
This was a contraction from the 2.87 percent growth in the third quarter last year and the 1.9 percent growth in the fourth quarter of 2018.
“At current prices, the value of agricultural production at P492.0 billion was down by 5.3 percent this quarter,” the PSA said.
The latest figure brought the year-to-date agriculture growth to 0.7 percent, slightly stronger than the 0.6 percent growth registered in 2018. (GMA News)
