ABS-CBN News, Aug 02 2016
MANILA – Filipino consumers are the most optimistic in the world, an online consumer survey showed.
Results of the Nielsen Global Survey of Consumer Confidence and Spending Intentions showed that Filipinos posted the highest consumer confidence index score among consumers from around the world.
Filipino consumers scored 132 in the index, posting the biggest quarter-on-quarter increase among respondent countries.
The Philippines topped India (128) and Indonesia (128).
The optimism of Filipino consumers was driven by the country’s economic growth in the first quarter of the year, Nielsen Philippines managing director Stuart Jamieson said.
“Confidence in the Philippines is at an all-time high, and with a 6.9 percent [gross domestic product] growth rate in the first quarter, it’s one of the fastest-growing economies in Asia,” Jamieson said.
“The Philippine economy relies heavily upon consumption, and with sales of consumer goods growing rapidly at a 7.1 percent rate in the year ending May 2016, consumer spending remains robust,” he added.
The consumer confidence index has a baseline of 100 that indicate degrees of optimism and pessimism. The online survey was conducted from May 9 to 27
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)
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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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