MANILA – Significant declines in spending for imported raw materials and intermediate goods and mineral fuels and lubricants resulted in a 1.3 percent decline in merchandise imports in August 2014, offsetting the year-on-year gains in consumer and capital goods, according to the National Economic and Development Authority (NEDA). “Although relatively in better condition than last continue reading : IMPORTS SLIDE BY 1.3 PERCENT IN AUGUST 2014, Government to remain vigilant vs possible slowdown in global economy – NEDA