Quantcast
Latest Stories

Consumer sentiment improves in Q4

BSP survey notes improvement in low-income segment

By

CONSUMER sentiment in the country significant improved, albeit remained negative, in the fourth quarter as the economy’s favorable performance boosted the outlook of some households on their own incomes.

Results of the latest Consumer Expectation Survey (CES) conducted by the Bangko Sentral ng Pilipinas showed that for the fourth quarter of 2012, the consumer confidence index (CCI) stood at -10.4 percent. This was an improvement from the -13.3       percent for the third quarter and the -20.6 percent for the fourth quarter of last year.

This was also the second-highest index recorded since the central bank started conducting the CES in 2007. The highest was registered in the fourth quarter of 2010 at -8.5 percent.

According to Rosabel Guerrero, director of the central bank’s economic statistics department, the improvement in the index came with the belief that the improving performance of the overall economy led to higher investments that, in turn, increased employment opportunities.

The improvement in the index was also credited to a perception of good governance by the Aquino administration, increased investments of the government in infrastructure that could help generate more private-sector investments, and efforts to improve the peace-and-order situation in Mindanao.

The index is computed as the percentage of respondents who said they felt better off during the period than in the past less the percentage of pessimistic respondents.

BSP Deputy Governor Diwa Guinigundo said that one of the highlights of the results of the latest quarterly survey on consumers was that the increase in the index was due largely to the improved sentiment of low-income households, or those with monthly incomes of P10,000 or below.

The nationwide survey covered 5,789 households, of which a little over half or 51.7 percent were respondents from the low-income segment.

“The improvement in the sentiment of low-income households is very encouraging. In the past, it has always been the low-income groups that were dragging the index,” Guinigundo said.

Meantime, results of the survey showed the expectations that economic conditions both of households and the entire country would improve in the coming quarter and the year ahead. The “next-quarter” index stood at +6.3 percent, while the “next-year” index hit an even better figure of +6.8 percent.

The “next quarter” index reflects expectation of households on how their and the country’s economic conditions will improve in the coming quarter, while the “next-year” index indicates expectations for the coming year.


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: Business , consumer confidence index , consumer expectation survey , consumers



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
Advertisement
Advertisement

News

  • Ukraine FM: We are ready to fight Russia
  • Slain officer’s ‘diagram’ rocks PNP
  • 2 contractors fined P25,000 for delays in Edsa rehab
  • Luisita beneficiaries take over renters
  • 5 years of hard work pay off for top UP grad
  • Sports

  • Sharapova advances to Stuttgart quarterfinals
  • Galedo caps ride of redemption
  • Beermen, Express dispute second semis slot today
  • Lady Agilas upset Lady Bulldogs in four sets
  • NLEX roars to 7th D-League win
  • Lifestyle

  • Love it or hate it? Kris Aquino’s new hairstyle
  • A brand for life
  • Wear a rainbow on your wrist
  • Wearing Kate Moss
  • Sail into summer
  • Entertainment

  • Kristoffer Martin: from thug to gay teen
  • Has Ai Ai fallen deeply with ‘sireno?’
  • California court won’t review Jackson doctor case
  • Cris Villonco on play adapted from different medium
  • OMB exec’s assurance: We work 24/7
  • Business

  • Gaming stocks gain, PSEi eases on profit-taking
  • Cebu Pacific flew 3.74M passengers as of March
  • Corporate bonds sweeteners
  • Professionals in the family business
  • Foreign funds flowed out in Q1, says BSP
  • Technology

  • Vatican announces hashtag for April 27 canonizations
  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Opinion

  • Editorial Cartoon, April 25, 2014
  • No deal, Janet
  • Like making Al Capone a witness vs his gang
  • MERS-CoV and mothers
  • A graduation story
  • Global Nation

  • Afghan hospital guard kills 3 American doctors
  • Career diplomat is new PH consul general in Los Angeles
  • US4GG: Aquino should ask Obama for TPS approval, drone technology
  • Complex health care system for California’s elderly and poor explained
  • Tiff with HK over Luneta hostage fiasco finally over
  • Marketplace