MANILA, Philippines – Consumer confidence is higher in the Philippines than other countries with six out of 10 Filipinos saying that there is no significant drop in their personal finances despite the global economic slowdown, according to a survey conducted by AC Nielsen.
The survey, which covered 50 countries, ranked the Philippines as sixth in terms of consumer confidence.
AC Nielsen managing director Victoria R. Santos reported that there was a steep drop in the global consumer confidence for the first half of this year when compared to the second half of 2008.
Santos said that the global consumer confidence index is down to 77 from 84 during the last part of the previous year. Out of the 50 countries surveyed, all posted a drop in consumer confidence except Taiwan.
In the Asia Pacific region, the Philippines was third in terms of consumer confidence with Indonesia and India leading the pact.
In terms of job prospects, there is a moderate sentiment in the Philippines with 43 percent saying that the job market is good or excellent. However, Santos said that job security is still the biggest concern of most Filipinos.
Meanwhile, Filipinos are more confident for the first half of this year when compared to second half of last year with 63 percent saying that their personal finances did not go down significantly.
In spite of this, Santos said that Filipinos are more prudent in terms of spending. Only three out of 10 people surveyed said that this is a good time to spend.
The survey, likewise, showed that most Filipinos save the extra cash that they have. For the first half of the year, 69 percent said that they will put their spare cash in savings.
This is followed by spending for new clothes with 35 percent saying that they will use their spare cash to purchase apparel. This is closely followed by spending for gadgets and other technology related items with 34 percent.
Only 32 percent said that they will use their spare cash to pay for debts and credit card loans while 27 percent said they will take holidays or vacations.
Only 17 percent of surveyed Filipinos consider investing in stocks or mutual funds while nine percent said they will allocate their money for their retirement fund. –Ma. Elisa P. Osorio, Philippine Star
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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