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Saturday, October 02, 2004
Consumers upbeat about next 12 months: survey
THE results of the first Consumer Expectations Survey conducted by the Bangko Sentral ng Pilipinas on 2,425 households in Metro Manila last July 1-7, 2004 showed consumer expectations for the next 12 months to be more optimistic than in the quarter of the survey, the third quarter.
There was optimism on all three components of consumer expectations: family financial situation, level of family income, and economic condition of the country.
For the fourth quarter of 2004, family income was estimated to increase by an average of 0.8 percent, increasing further to an average of 3.9 percent one year ahead.
The respondents were not happy about their situation in the third quarter of 2004, however, with half rating their economic situation as worse, 40.5 percent stable, and 9.5 percent better now compared to a year ago.
Their major concerns were the lack of work, fall in income, high cost of living, their own indebtedness, and graft and corruption in the government. Those with positive expectations in the quarter anticipated increases in domestic and overseas income, wages, employment and savings. (CTL)
(October 2, 2004 issue)
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