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Consumer spending seen staying strong

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Domestic consumption, which accounts for about two-thirds of gross domestic product (GDP), is expected to stay strong this year, providing support for economic growth despite challenges from overseas.

Posted: March 3rd, 2014 in Headlines | Read More »

Consumer loans grew faster in ’12

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credit cards

Housing, auto and credit card loans grew by a faster pace in 2012, helping boost consumer spending that, in turn, aided the economy’s expansion.

Posted: May 13th, 2013 in Latest Business Stories | Read More »

Consumer spending seen to remain strong

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Consumption by Filipino households is expected to remain robust in 2013 despite the dampening effects of the peso strengthening on the value of foreign exchange remittances.

Posted: February 14th, 2013 in Headlines | Read More »

Consumers seen cutting big-ticket spending

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Consumer spending on basic grocery items are likely to remain stable in the next six months in greater Metro Manila, but there may be budget cutbacks on discretionary items like alcoholic beverage, snack foods, new cell phone units, a recent consumer study by Citigroup suggested.

Posted: October 15th, 2012 in Editor's Pick,Headlines | Read More »

Consumer spending pushed bank loans up in 1st quarter

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Domestic credit, or the outstanding loans from banks and other lending institutions in the country, posted a double-digit increase in the first quarter as appetite for spending and investments boosted demand for loans.

Posted: August 10th, 2012 in Editor's Pick,Headlines | Read More »

Americans’ confidence in the economy surges

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SHOP TILL YOU DROP. In this Nov. 25, 2011 file photo, a woman carries shopping bags as she walks near a Macy's store near Union Square in San Francisco. A private research group says consumer’s confidence in the economy in November soared 15 points to its highest level since July. The report was encouraging news for the holiday shopping season. (AP Photo/Jeff Chiu, File)

Americans are beginning to feel more confident about the U.S. economy just as the all-important Christmas shopping season begins. But their optimism may be short-lived.

Posted: December 1st, 2011 in Featured Gallery,Latest Business Stories,Personal Finance,Photos & Videos | Read More »

Growth of remittances seen slowing

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Remittances, which have consistently grown despite challenges confronting the global economy, are expected to eventually plateau and cause consumer spending to slow down. Given this projected scenario, the government is urged to intensify efforts to boost investments so that the economy would still expand even without the same level of support from household consumption. Aurelio [...]

Posted: October 3rd, 2011 in Headlines | Read More »

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