November 25, 2017, 1:38 pm
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1 Philippine Peso = 0.07254 UAE Dirham
1 Philippine Peso = 2.22066 Albanian Lek
1 Philippine Peso = 0.03521 Neth Antilles Guilder
1 Philippine Peso = 0.34299 Argentine Peso
1 Philippine Peso = 0.02592 Australian Dollar
1 Philippine Peso = 0.03516 Aruba Florin
1 Philippine Peso = 0.03951 Barbados Dollar
1 Philippine Peso = 1.60589 Bangladesh Taka
1 Philippine Peso = 0.03253 Bulgarian Lev
1 Philippine Peso = 0.00746 Bahraini Dinar
1 Philippine Peso = 34.51185 Burundi Franc
1 Philippine Peso = 0.01976 Bermuda Dollar
1 Philippine Peso = 0.02656 Brunei Dollar
1 Philippine Peso = 0.13552 Bolivian Boliviano
1 Philippine Peso = 0.06373 Brazilian Real
1 Philippine Peso = 0.01976 Bahamian Dollar
1 Philippine Peso = 1.27914 Bhutan Ngultrum
1 Philippine Peso = 0.20568 Botswana Pula
1 Philippine Peso = 395.49586 Belarus Ruble
1 Philippine Peso = 0.03947 Belize Dollar
1 Philippine Peso = 0.0251 Canadian Dollar
1 Philippine Peso = 0.01934 Swiss Franc
1 Philippine Peso = 12.5162 Chilean Peso
1 Philippine Peso = 0.13038 Chinese Yuan
1 Philippine Peso = 58.75346 Colombian Peso
1 Philippine Peso = 11.09502 Costa Rica Colon
1 Philippine Peso = 0.01976 Cuban Peso
1 Philippine Peso = 1.82714 Cape Verde Escudo
1 Philippine Peso = 0.42146 Czech Koruna
1 Philippine Peso = 3.5079 Djibouti Franc
1 Philippine Peso = 0.12329 Danish Krone
1 Philippine Peso = 0.94607 Dominican Peso
1 Philippine Peso = 2.26118 Algerian Dinar
1 Philippine Peso = 0.25918 Estonian Kroon
1 Philippine Peso = 0.34868 Egyptian Pound
1 Philippine Peso = 0.53457 Ethiopian Birr
1 Philippine Peso = 0.01656 Euro
1 Philippine Peso = 0.04139 Fiji Dollar
1 Philippine Peso = 0.01481 Falkland Islands Pound
1 Philippine Peso = 0.01481 British Pound
1 Philippine Peso = 0.09104 Ghanaian Cedi
1 Philippine Peso = 0.92967 Gambian Dalasi
1 Philippine Peso = 177.69657 Guinea Franc
1 Philippine Peso = 0.1449 Guatemala Quetzal
1 Philippine Peso = 4.07922 Guyana Dollar
1 Philippine Peso = 0.15426 Hong Kong Dollar
1 Philippine Peso = 0.46501 Honduras Lempira
1 Philippine Peso = 0.12517 Croatian Kuna
1 Philippine Peso = 1.22145 Haiti Gourde
1 Philippine Peso = 5.16041 Hungarian Forint
1 Philippine Peso = 266.6535 Indonesian Rupiah
1 Philippine Peso = 0.0693 Israeli Shekel
1 Philippine Peso = 1.27625 Indian Rupee
1 Philippine Peso = 23.03437 Iraqi Dinar
1 Philippine Peso = 696.06876 Iran Rial
1 Philippine Peso = 2.03813 Iceland Krona
1 Philippine Peso = 2.47234 Jamaican Dollar
1 Philippine Peso = 0.01397 Jordanian Dinar
1 Philippine Peso = 2.20192 Japanese Yen
1 Philippine Peso = 2.03576 Kenyan Shilling
1 Philippine Peso = 1.37669 Kyrgyzstan Som
1 Philippine Peso = 79.67207 Cambodia Riel
1 Philippine Peso = 8.28586 Comoros Franc
1 Philippine Peso = 17.77953 North Korean Won
1 Philippine Peso = 21.38305 Korean Won
1 Philippine Peso = 0.00596 Kuwaiti Dinar
1 Philippine Peso = 0.0162 Cayman Islands Dollar
1 Philippine Peso = 6.52213 Kazakhstan Tenge
1 Philippine Peso = 164.26314 Lao Kip
1 Philippine Peso = 29.7906 Lebanese Pound
1 Philippine Peso = 3.03635 Sri Lanka Rupee
1 Philippine Peso = 2.46247 Liberian Dollar
1 Philippine Peso = 0.27292 Lesotho Loti
1 Philippine Peso = 0.06023 Lithuanian Lita
1 Philippine Peso = 0.01226 Latvian Lat
1 Philippine Peso = 0.02699 Libyan Dinar
1 Philippine Peso = 0.18541 Moroccan Dirham
1 Philippine Peso = 0.34526 Moldovan Leu
1 Philippine Peso = 1.01442 Macedonian Denar
1 Philippine Peso = 26.92612 Myanmar Kyat
1 Philippine Peso = 48.20229 Mongolian Tugrik
1 Philippine Peso = 0.15888 Macau Pataca
1 Philippine Peso = 6.91426 Mauritania Ougulya
1 Philippine Peso = 0.68451 Mauritius Rupee
1 Philippine Peso = 0.30047 Maldives Rufiyaa
1 Philippine Peso = 14.14757 Malawi Kwacha
1 Philippine Peso = 0.36633 Mexican Peso
1 Philippine Peso = 0.0813 Malaysian Ringgit
1 Philippine Peso = 0.27483 Namibian Dollar
1 Philippine Peso = 7.03279 Nigerian Naira
1 Philippine Peso = 0.60352 Nicaragua Cordoba
1 Philippine Peso = 0.16042 Norwegian Krone
1 Philippine Peso = 2.04563 Nepalese Rupee
1 Philippine Peso = 0.02867 New Zealand Dollar
1 Philippine Peso = 0.0076 Omani Rial
1 Philippine Peso = 0.01976 Panama Balboa
1 Philippine Peso = 0.06392 Peruvian Nuevo Sol
1 Philippine Peso = 0.06337 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.07685 Pakistani Rupee
1 Philippine Peso = 0.0697 Polish Zloty
1 Philippine Peso = 111.98933 Paraguayan Guarani
1 Philippine Peso = 0.07516 Qatar Rial
1 Philippine Peso = 0.07679 Romanian New Leu
1 Philippine Peso = 1.15428 Russian Rouble
1 Philippine Peso = 16.47807 Rwanda Franc
1 Philippine Peso = 0.07408 Saudi Arabian Riyal
1 Philippine Peso = 0.15686 Solomon Islands Dollar
1 Philippine Peso = 0.26162 Seychelles Rupee
1 Philippine Peso = 0.13157 Sudanese Pound
1 Philippine Peso = 0.16365 Swedish Krona
1 Philippine Peso = 0.02658 Singapore Dollar
1 Philippine Peso = 0.01482 St Helena Pound
1 Philippine Peso = 0.43868 Slovak Koruna
1 Philippine Peso = 150.13829 Sierra Leone Leone
1 Philippine Peso = 11.00356 Somali Shilling
1 Philippine Peso = 406.44806 Sao Tome Dobra
1 Philippine Peso = 0.17286 El Salvador Colon
1 Philippine Peso = 10.17345 Syrian Pound
1 Philippine Peso = 0.27485 Swaziland Lilageni
1 Philippine Peso = 0.6448 Thai Baht
1 Philippine Peso = 0.04877 Tunisian Dinar
1 Philippine Peso = 0.04522 Tongan paʻanga
1 Philippine Peso = 0.07781 Turkish Lira
1 Philippine Peso = 0.13097 Trinidad Tobago Dollar
1 Philippine Peso = 0.5918 Taiwan Dollar
1 Philippine Peso = 44.15251 Tanzanian Shilling
1 Philippine Peso = 0.53121 Ukraine Hryvnia
1 Philippine Peso = 71.55275 Ugandan Shilling
1 Philippine Peso = 0.01976 United States Dollar
1 Philippine Peso = 0.57349 Uruguayan New Peso
1 Philippine Peso = 159.22561 Uzbekistan Sum
1 Philippine Peso = 0.19705 Venezuelan Bolivar
1 Philippine Peso = 448.93324 Vietnam Dong
1 Philippine Peso = 2.09581 Vanuatu Vatu
1 Philippine Peso = 0.05077 Samoa Tala
1 Philippine Peso = 10.85875 CFA Franc (BEAC)
1 Philippine Peso = 0.05334 East Caribbean Dollar
1 Philippine Peso = 10.88937 CFA Franc (BCEAO)
1 Philippine Peso = 1.96543 Pacific Franc
1 Philippine Peso = 4.93678 Yemen Riyal
1 Philippine Peso = 0.27485 South African Rand
1 Philippine Peso = 102.51877 Zambian Kwacha
1 Philippine Peso = 7.14935 Zimbabwe dollar

Consumer confidence declines

Consumer sentiment weakened but remained positive for the third quarter, with the overall confidence index (CI) decreasing to 10.2 percent from 13.1 percent.

Despite the decline in the CI, consumer confidence remained high, registering the second highest reading since the start of the nationwide survey in 2007. 

The lower but positive CI indicates that the number of optimists declined but continued to outnumber the pessimists. 

The CI is computed as the percentage of households that answered in the affirmative less the percentage of households that answered in the negative with respect to their views on a given indicator.

According to respondents, their less favorable outlook for the current quarter was due to the following reasons: (a) anticipated higher prices of commodities which could lead to higher household expenditures, (b) peace and order problems (particularly, crisis in Marawi City), (c) low or no increase in income, and (d) expected increase in the number of unemployed persons. Respondents also cited other concerns on occurrence of calamities during the third quarter and poor health.

For the next quarter, consumer sentiment turned more upbeat as the CI increased to 17.8 percent from 13.6 percent in the previous quarter’s survey. 

Respondents’ more optimistic outlook for the next quarter stemmed from expectations of (a) additional income and salary increase, (b) improvement in peace and order, and (c) availability of more jobs. 

Meanwhile, consumer outlook for the year ahead remained broadly steady as the CI showed a marginal decline to 33.7 percent from 34.3 percent for the previous quarter.

Consumer confidence is measured across three component indicators, namely, the country’s economic condition, family financial situation, and family income. 

For third quarter, consumer sentiment on the three indicators was mixed, as optimism was lower on the country’s economic condition, higher on family’s financial situation and broadly steady on family income. 

Notably, record-high CIs were posted on the outlook on family financial situation and family income. 

For the next quarter, consumers’ views on family finances and income turned more buoyant but was steady on the country’s economic condition. 

Meanwhile, outlook on family income weakened for the year ahead, although remaining positive, but was steady on the economic condition of the country and family financial situation

Consistent with the less optimistic overall sentiment of consumers, consumer outlook across income groups likewise weakened for the current quarter. 

In particular, the low-income group turned pessimistic for the current quarter as the CI reverted to negative territory, with respondents anticipating no increase in salary for the period. 

Meanwhile, the middle-income group’s less upbeat sentiment was due largely to expectations of higher household expenditures. 

Respondents from the high-income group, while remaining to be the most optimistic, also cited higher prices of goods and peace and order problem as reasons behind their less optimistic outlook. 

Conversely, consumers were more optimistic for the next quarter across income groups.  

For the year ahead, the sentiment was mixed. 

The outlook was less favorable for the low-income group, more upbeat for the middle-income and generally unchanged for the high-income.

The spending outlook index of households on basic goods and services declined to 28.1 percent for the fourth quarter.

This means that although more respondents continued to expect higher spending on basic goods and services, the number that said so decreased compared to a quarter ago, indicating that growth in consumer spending could slow down in the near term. 

Across commodity groups, the spending outlook was mixed. Fewer respondents expected an increase in expenditures on food, non-alcoholic and alcoholic beverages, water, electricity, medical care, transportation, education, recreation and culture, and personal care and effects, while more indicated higher expenditures for clothing and footwear, communication, and restaurants and cafes. 

The spending outlook was generally steady for house rent and furnishing, and fuel.

The percentage of households that considered the current quarter as a favorable time to buy big-ticket items declined to 30.2 percent from 33.9 percent for the second quarter.

The less favorable outlook on buying conditions was evident across all big-ticket items as respondents prioritized food and other basic needs over expenditures on consumer durables, motor vehicles, and house and lot. 

For the year ahead, buying intentions of respondents for big-ticket items turned less favorable, with the percentage of households that intend to buy big-ticket items decreasing to 11.2 percent from 12.3 percent a quarter ago. 

Buying intentions for consumer durables and real estate declined but remained broadly steady for motor vehicles compared to the previous quarter’s survey results.

The survey results showed that consumers anticipated inflation to increase but to remain within target, interest rates to go up and peso to depreciate in the next 12 months. Inflationary expectations have eased as the number of respondents that indicated that inflation will rise decreased from that of a quarter ago. 

Respondents anticipated the rate of increase in commodity prices to stay within the government’s 2 to 4 percent inflation target range for 2017, at 3.2 percent over the course of the next 12 months.

Broadly the same number of respondents expected interest rates to rise compared to a quarter ago. 

Meanwhile, respondents are of the view that the peso would continue to depreciate against the US dollar over the next 12 months. 

Fewer respondents anticipated unemployment to rise for the year ahead as the CI declined to 0.8 percent from 1.9 percent for Q2 2017.

The Q3 2017 CES was conducted during the period 1 – 15 July 2017. The CES samples were drawn from the Philippine Statistics Authority (PSA) Master Sample List of Households, which is considered a representative sample of households nationwide. 

The CES sample households were generated using a stratified multi-stage probability sampling scheme. It has a sample size of 5,597 households, of which 2,763 were from NCR and 2,834 from AONCR.
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