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| Spokesperson Abigail F. Valte |
The Philippines ranked second in a Global Consumer Confidence Survey conducted by The Nielsen Company, representing a two-point increase in the third quarter of 2012 compared to the second quarter this year. With a score of 118, the Philippines comes second only to India and Indonesia which both share the top spot with 119 among 58 countries surveyed. The bullish consumer sentiment shows a positive attitude towards the Philippine economy, one bright spot in only 12 countries that registered “more optimism” out of the 58 surveyed.
The survey’s index notes that a score of 101 and higher indicates more optimism while a score of 100 and lower means more pessimism. Among countries in the Southeast Asian region, consumer confidence the Philippines ranked second, besting Thailand by 6 points and Malaysia by 13 points. Singapore with a score of 98 and Vietnam with 87 both measured below the index of 100.
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