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NorMin economy accelerates to 7.6 percent in 2016

CAGAYAN DE ORO CITY, Philippines (May 4, 2017) – Northern Mindanao’s economy grew by 7.6 percent in 2016, faster than the 5.7 percent growth recorded in 2015.   All sectors recorded expansions with the industry sector posting the highest growth of 10.3 percent.  Construction led the sub-sectors with growth of 29.6 percent.   Estimates from the Philippine Statistics Authority (PSA) also revealed that the region’s growth was higher than national average, and sixth fastest among the regions in the country.   […]