Filipinos see better finances in 2011
SOURCE: ANN
More than half of Filipinos living in urban areas see an improvement in their financial situation next year, with many expecting the country's economy to further improve in the coming months.
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SOURCE: ANN
More than half of Filipinos living in urban areas see an improvement in their financial situation next year, with many expecting the country's economy to further improve in the coming months.
According to the October Asiabus Survey of market research firm Synovate, 39 per cent of the more than 2,000 Filipinos polled believed that their personal financial condition would remain the same in 2011 - a far cry from the 51 per cent who expected a measure of improvement in their lives.
Most respondents also felt upbeat about the country's economy in 2011, with 47 per cent expecting it to become better in the coming year. Another 40 per cent of those polled saw no improvement in the economy.
Filipino consumers' overall positive sentiments were reflected in their spending plans for the holidays. The survey results showed that majority would be spending more this year, particularly on decorations and gifts.
Compared with last year, 58 per cent of respondents said they would hike their budget for decorations this Christmas, while 38 per cent said they would spend the same amount.
The survey participants' gift budgets were also likely to either increase or stay the same this year, according to the survey. Forty-two per cent of those polled said they would increase gift spending, while 48 per cent said they would shell out the same amount of cash for friends and loved ones.
This season's most popular shopping places for gifts and other related items included department stores and malls (66 per cent), bazaars (24 per cent), and bargain centres (17 per cent).
Food budgets for this holiday, however, would not increase as much, with only 18 per cent of respondents said they planned to spend more this year. Most of those polled - around 57 per cent - said their spending would be the same as last year.
Overall, 58 per cent of survey participants said they expected their holiday celebrations this year to be just the same as last year, while 27 per cent felt they would get more out of this year's festivities.
Most respondents also felt upbeat about the country's economy in 2011, with 47 per cent expecting it to become better in the coming year. Another 40 per cent of those polled saw no improvement in the economy.
Filipino consumers' overall positive sentiments were reflected in their spending plans for the holidays. The survey results showed that majority would be spending more this year, particularly on decorations and gifts.
Compared with last year, 58 per cent of respondents said they would hike their budget for decorations this Christmas, while 38 per cent said they would spend the same amount.
The survey participants' gift budgets were also likely to either increase or stay the same this year, according to the survey. Forty-two per cent of those polled said they would increase gift spending, while 48 per cent said they would shell out the same amount of cash for friends and loved ones.
This season's most popular shopping places for gifts and other related items included department stores and malls (66 per cent), bazaars (24 per cent), and bargain centres (17 per cent).
Food budgets for this holiday, however, would not increase as much, with only 18 per cent of respondents said they planned to spend more this year. Most of those polled - around 57 per cent - said their spending would be the same as last year.
Overall, 58 per cent of survey participants said they expected their holiday celebrations this year to be just the same as last year, while 27 per cent felt they would get more out of this year's festivities.
