TARLAC: The Central Luzon (CL) region posted its highest economic growth rate in six years (2011-2016) at 9.5 percent, even surpassing the national economy’s 6.9 percent, according to the Philippine Statistics Authority (PSA). Pare noted that the increase in the GRDP’s nominal value is almost double compared to its growth rate last year at 5.3 percent by significant revenue increase from the said industries. “Industry doubled from 7.1 percent in 2015 to 16.0 percent in 2016 while AHFF maintained its 0.6 percent growth rate for two consecutive years,” he said. In the services sector, Central Luzon posted a growth of 5.9 percent as four of its sub-industries posted expansions for the said year. At the same time, it remained among the top three regions nationwide in terms of regional shares to the national economy,” Pare added.

Source: Manila Times May 10, 2017 14:37 UTC