Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>Philippines>>Economy>>Philippine consumer confidence index slips to 8.7% in Q1 – BSP survey
NEWS UPDATES Asean Affairs     March 27, 2017  






Philippine consumer confidence index slips to 8.7% in Q1 – BSP survey

 The consumer confidence index (CI) reflected a 0.5 percentage point decline in the first quarter of the year, compared with the fourth quarter of 2016, results of the latest Bangko Sentral ng Pilipinas (BSP) survey showed Friday.
 
The overall CI slightly declined to 8.7 percent from 9.2, according to the BSP Consumer Expectations Survey (CES).
 
“Despite the modest decline in the CI, consumer confidence remained positive, registering the second highest reading since the start of the nationwide survey in 2007,” BSP Deputy Director for Economic Statistics Teresita Deveza told reporters in a press conference.
 
BSP Deputy Governor Diwa Guinigundo noted a positive reading indicates that the number of optimists continued to outnumber pessimists.
 
“This is the third straight quarter that the CI is in positive territory,” Guinigundo said.
 
The central bank computes the index as the percentage of households that answered in the affirmative, minus the percentage of those that answered in the negative with respect to their views on a given indicator.
 
“The current quarter’s relatively steady outlook stemmed from the counterbalancing of the number of respondents that reported more positive views on the economy versus those with negative views,” Deveza said.
 
Respondents who were less optimistic attributed their negative views to higher prices of goods and household expenditures, poor harvest and unfavorable weather conditions.
 
Respondents with positive views cited the following reasons:

    Improvements in the peace and order situation

    Additional family income due to higher salary and stronger business activity

    Availability of more jobs and increase in the number of employed family members

    Effective government policies

Consumer confidence is measured across three components, namely the country's economic condition, family financial situation and family income.

“For the first quarter 2017, consumer sentiment on the three indicators was mixed. The outlook on the economic condition of the country was unchanged while that on family financial situation was broadly stable,” Deveza said.
 
The first quarter CES was conducted from January 19 to 31. The quarterly survey covered a sample size of 5,574 households in Metro Manila and areas outside the National Capital Region.
 
Of the sample size, 5,357 households equivalent to a response rate of 96.1 percent responded to the survey.



Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



 
Today's  Stories                          March 27, 2017 Subsribe Now !
• Philippine consumer confidence index slips to 8.7% in Q1 – BSP survey Subcribe: Asean Affairs Global Magazine
• Myanmar prepares to switch off the lights for Earth Hour
• New biodiesel dumping claim weighs on RI’s shoulders
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Sustainability Index to launch in July
• Private sector expected to contribute 27% of road construction
Asean Analysis                  March 25, 2017
• Asean Analysis  March 25, 2017
U.S.-ASEAN Relations: Charting the Next 40 Years
Advertise Your Brand

Asean Stock Watch   March 24, 2017

• Asean Stock Watch-March 24, 2017
The Biweekly Update
• The Biweekly Update  March 25, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com