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Stronger economy in Q2 seen

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The Philippine domestic economy likely picked up pace in the second quarter ranging between 5.9 percent and 6.3 percent year on year on the back of robust consumer spending, economists from the country’s three largest banks said.  AFP FILE PHOTO

The Philippine domestic economy likely picked up pace in the second quarter ranging between 5.9 percent and 6.3 percent year on year on the back of robust consumer spending, economists from the country’s three largest banks said.

Posted: August 28th, 2014 in Editor's Pick,Headlines,Latest Business Stories | Read More »

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 »

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