Consumer sentiment improves in Q4 ’15

MANILA¬† (PNA) — Expectations of higher income due to increase of family members with job, 13th month pay and stable prices among others resulted in the improvement of consumers’ outlook in the forth quarter of 2015.

Results of the Bangko Sentral ng Pilipinas (BSP) consumer expectation survey (CES) for the last quarter of the year showed a still negative overall index of -8 but it is better than the previous quarter’s -11.6 percent.

Other factors cited by the respondents as reasons for the improvement in their outlook are effective government policies, improvements in infrastructure and brisker business activity leading to higher household income.

The index for the next quarter is broadly stable against the previous quarter at 5.7 percent.

In terms of selected economic indicators, the respondents expect inflation to remain steady in the next 12 months, the peso to depreciate to the dollar and unemployment to rise.

The nationwide survey was conducted from Oct. 1-12, 2015 and respondents were taken from the Philippine Statistics Authority (PSA) Master Sample List of Households.

It has a sample size of 6,020 households and 2,904 or 48.2 percent came from the National Capital Region (NCR) while 3,116 households or 51.8 percent of the respondents came from areas outside NCR. (PNA)

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