Phl consumer confidence reached all-time high in 2Q17 – 9 Jun 2017

  • Consumer confidence hit an all-time high of 13.1% in 2Q17 partly on many Filipinos’ perception of a better peace and order situation in the country, results of the Bangko Sentral ng Pilipinas’ (BSP) latest consumer expectations survey showed.
  • Based on survey conducted in Apr 17, or before martial law was declared in Mindanao due to the attacks in Marawi City, the overall confidence index (CI) jumped from 8.7% in 1Q17 as well as reversed the negative 6.4% posted during 2Q16.
  • BSP data showed that each of the first four quarters of the Duterte administration posted a positive CI, which meant that the number of optimistic households exceeded those who were pessimistic. The CIs prior to 3Q16, or since the consumer expectations survey was started in 2007, were all negative.
  • Rosabel B. Guerrero, director at the BSP’s department of economic statistics, attributed the sustained net positive consumer sentiment to the following: additional family income due to higher salary and stronger business activity; availability of more jobs and increase in the number of employed family members; effective government policies; as well as improvements in the peace and order situation.

External Link :