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Yazaki, Epson Help Philippines Avoid Asia’s Fate, For Now

Cons. Discr. - Autos 922 Info Tech - Tech Hardware 592 Philippines 51 Trade Balance 849 U.S. 4484

Export growth from the Philippines was an anemic 0.1% year over year in October. It was kept out of negative territory by a 7.9% surge in exports to the U.S. The longer-term growth in U.S.-bound exports has been in part due to the relocation of manufacturers from elsewhere in Asia. The expansion may continue, but at a slower rate. U.S.-seaborne imports associated with autoparts maker Yazaki climbed 24.4% year over year in November, slower than the 139% seen in the prior three months. Those linked to Epson grew by 14.0% in November after climbing 25.4% in the previous three months to Oct....

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