Consequently, for evaluating in real time whether prices may be "off track" and, if so, by how much, we have to fall back on more readily observable measures that, in principle at least, should bear some systematic relationship to ideal measures and that can be  5  House prices in other industrial countries have shown similar, but generally more modulated, swings.
The US remains the second largest market destination of Philippine merchandise exports with an average annual share of 14.8 percent in the period 2013–2016. For our BPO industry, the US remains the largest export market, accounting for nearly 80 percent of industry revenues in 2014.