Latest Stories

More Filipinos optimistic about economy in 2013, says SWS survey

MANILA, Philippines — Filipinos are confident that their lives will improve as they look forward to a better economy this year, according to the latest Social Weather Stations (SWS) survey.

The First Quarter 2013 Social Weather Report, first released in the BusinessWorld, showed that 39 percent of Filipinos expected their lives to improve this year, while only 6 percent expected otherwise, resulting in a “very high” net personal optimism of plus 32 (correctly rounded), three points up from December’s “high” net personal optimism of plus 29.

The survey, conducted from March 19 to 22, also showed that 35 percent of Filipinos expected that the economy “will be better” while 11 percent expected it “will be worse,” for a “very high” net economic optimism of plus 23 (correctly rounded), four points up from the previous quarter’s also “very high” plus 19.

The survey, which used face-to-face interviews with 1,800 Filipino adults nationwide, had an error margin of plus-or-minus two percentage points.

Net optimism is the difference between the percentage of optimists and pessimists. Net personal optimism scores of plus 30 and above are considered by SWS to be “very high”; plus 20 to plus 29, “high”; plus 10 to plus 19, “fair”; plus 1 to plus 9, “mediocre”; minus 9 to zero, “low”; and minus 10 and below, “very low.”

Net economic optimism scores of plus 10 and above are considered “very high”; plus 1 to plus 9, “high”; minus 9 to zero, “fair”; minus 19 to minus 10, “mediocre”; minus 29 to minus 20, “low”; and minus 30 and below, “very low.”

The report also showed 24 percent of Filipinos saying their lives had improved over the last 12 months (gainers) compared to the 27 percent who said it had worsened (losers), for a net gainers score of minus 3 (gainers minus losers). The figure is up from the previous quarter’s net gainers score of minus 8.

Among socio-economic classes, net personal optimism declined among class ABC, from a “very high” plus 40 in December to a “high” plus 28 in March. It, however, rose among class D, from plus 30 in the previous quarter to plus 35 in March, both classified as “very high.” It remained at a “high” plus 24 among class E.

Among geographical areas, net personal optimism was “very high” in both Metro Manila and Balance of Luzon (both at plus 38), and “high” in Mindanao (plus 26) and the Visayas (plus 23).

Net economic optimism fell among class ABC from plus 28 in December to plus 21 in March. It rose among class D (from plus 19 to plus 24) and class E (from plus 16 to plus 20).

Net economic optimism also declined in Metro Manila (from plus 21 in December to plus 16 in March), but improved in Mindanao (from plus 9 to plus 26) and the Visayas (from plus 11 to plus 16). It remained statistically unchanged in Luzon outside Manila (from plus 26 to plus 27).

On the other hand, the net gainers score worsened in Metro Manila (from minus 7 to minus 10), but improved in Luzon outside Metro Manila (from 0 to plus 3) and Mindanao (from minus 18 to minus 2). It stayed statistically unchanged in the Visayas (from minus 13 to minus 12).

Across socio-economic classes, the net gainers score slipped among class ABC (from plus 29 to minus 2), and improved among class D (from minus 7 to minus 2) and class E (from minus 17 to minus 6).

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: economic growth , economy , Public Confidence , Social Weather Stations

  • clanwolf

    Since they can’t use the stock market numbers anymore, Fitch ratings or Moody’s, they’ve now resorted to their old standby, the rigged surveys. How pathetic are the palace spinmeisters.

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • Pakistan library named ‘bin Laden,’ as memory fades
  • US teacher fired over comment on black president
  • Magnitude-7.5 earthquake shakes Mexican capital
  • Title of new Hillary Clinton book: ‘Hard Choices’
  • Filipinos, Dutch re-enact crucifixion of Christ
  • Sports

  • Nadal ousted by Ferrer in Monte Carlo quarters
  • Pacquiao shorts in Bradley fight sold for P1.7M in LA auction
  • Ryu pitches Dodgers past Giants
  • Alonso sets the pace in Chinese GP practice
  • Heat seek Three-peat but Spurs, Pacers top seeds
  • Lifestyle

  • Levine designs womenswear with help from fiancee
  • Gabriel Garcia Marquez, Nobel laureate, dies at 87
  • Ford Mustang turns 50 atop Empire State Building
  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • Entertainment

  • Myx TV premieres Asian American ‘docu-series’
  • A nutty finale for ‘Scandal,’ TV’s craziest show
  • EXO postpones release of mini album ‘Overdose’
  • ‘X-men’ filmmaker slams ‘fabricated’ sex attack claims
  • Singer Chris Brown’s bodyguard on trial in DC
  • Business

  • US commerce secretary spells out economic facet of ‘pivot to Asia’
  • Italy sells luxury state cars on eBay
  • Asian shares mostly up in quiet trade
  • Dollar up in Asia on US jobs data, Ukraine deal
  • Barbie doll has a problem
  • Technology

  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • Multicultural flock marks Good Friday in San Francisco
  • Las Vegas ‘Pinoy Pride’ fest hails Filipino heritage
  • Marking Jesus’ journey on Good Friday
  • Filipina accomplice arrested for fake bills in Malaysia
  • DoH denies Filipino nurse no longer positive for MERS virus
  • Marketplace