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Philippines Imports YoY fell to 15.4 in June 2016, released August 2016, down 23.9 from May's 39.3 reading. The reading matched expectations. The print is running well above the 12-month average of 13.63. Over the past 3 months, Imports YoY averaged 34.25, vs 14.57 in the prior 3-month window. The reading is in the 50th percentile of the trailing 24-month range.
The August 2016 reading fell from the previous value of 39.3. Historically, this indicator is positively correlated with USD/PHP (Bullish USD) and negatively correlated with XAU/USD (Bearish XAU).
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