June 24, 2018, 11:59 pm
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1 Philippine Peso = 0.06901 UAE Dirham
1 Philippine Peso = 2.02912 Albanian Lek
1 Philippine Peso = 0.03401 Neth Antilles Guilder
1 Philippine Peso = 0.5072 Argentine Peso
1 Philippine Peso = 0.02524 Australian Dollar
1 Philippine Peso = 0.03345 Aruba Florin
1 Philippine Peso = 0.03758 Barbados Dollar
1 Philippine Peso = 1.57159 Bangladesh Taka
1 Philippine Peso = 0.03155 Bulgarian Lev
1 Philippine Peso = 0.00712 Bahraini Dinar
1 Philippine Peso = 32.90079 Burundi Franc
1 Philippine Peso = 0.01879 Bermuda Dollar
1 Philippine Peso = 0.02526 Brunei Dollar
1 Philippine Peso = 0.1289 Bolivian Boliviano
1 Philippine Peso = 0.07111 Brazilian Real
1 Philippine Peso = 0.01879 Bahamian Dollar
1 Philippine Peso = 1.28053 Bhutan Ngultrum
1 Philippine Peso = 0.19402 Botswana Pula
1 Philippine Peso = 376.17437 Belarus Ruble
1 Philippine Peso = 0.03754 Belize Dollar
1 Philippine Peso = 0.02493 Canadian Dollar
1 Philippine Peso = 0.01856 Swiss Franc
1 Philippine Peso = 11.99061 Chilean Peso
1 Philippine Peso = 0.12218 Chinese Yuan
1 Philippine Peso = 54.75385 Colombian Peso
1 Philippine Peso = 10.57591 Costa Rica Colon
1 Philippine Peso = 0.01879 Cuban Peso
1 Philippine Peso = 1.77772 Cape Verde Escudo
1 Philippine Peso = 0.41526 Czech Koruna
1 Philippine Peso = 3.33615 Djibouti Franc
1 Philippine Peso = 0.12016 Danish Krone
1 Philippine Peso = 0.92728 Dominican Peso
1 Philippine Peso = 2.1963 Algerian Dinar
1 Philippine Peso = 0.25225 Estonian Kroon
1 Philippine Peso = 0.33484 Egyptian Pound
1 Philippine Peso = 0.51146 Ethiopian Birr
1 Philippine Peso = 0.01612 Euro
1 Philippine Peso = 0.03918 Fiji Dollar
1 Philippine Peso = 0.01416 Falkland Islands Pound
1 Philippine Peso = 0.01417 British Pound
1 Philippine Peso = 0.08979 Ghanaian Cedi
1 Philippine Peso = 0.87956 Gambian Dalasi
1 Philippine Peso = 169.07178 Guinea Franc
1 Philippine Peso = 0.14072 Guatemala Quetzal
1 Philippine Peso = 3.87599 Guyana Dollar
1 Philippine Peso = 0.14741 Hong Kong Dollar
1 Philippine Peso = 0.44878 Honduras Lempira
1 Philippine Peso = 0.11882 Croatian Kuna
1 Philippine Peso = 1.24803 Haiti Gourde
1 Philippine Peso = 5.23224 Hungarian Forint
1 Philippine Peso = 264.43067 Indonesian Rupiah
1 Philippine Peso = 0.06764 Israeli Shekel
1 Philippine Peso = 1.27568 Indian Rupee
1 Philippine Peso = 22.24728 Iraqi Dinar
1 Philippine Peso = 798.38407 Iran Rial
1 Philippine Peso = 2.03119 Iceland Krona
1 Philippine Peso = 2.45509 Jamaican Dollar
1 Philippine Peso = 0.01333 Jordanian Dinar
1 Philippine Peso = 2.06417 Japanese Yen
1 Philippine Peso = 1.89121 Kenyan Shilling
1 Philippine Peso = 1.28183 Kyrgyzstan Som
1 Philippine Peso = 76.00526 Cambodia Riel
1 Philippine Peso = 7.92522 Comoros Franc
1 Philippine Peso = 16.91094 North Korean Won
1 Philippine Peso = 20.86622 Korean Won
1 Philippine Peso = 0.00568 Kuwaiti Dinar
1 Philippine Peso = 0.01541 Cayman Islands Dollar
1 Philippine Peso = 6.38595 Kazakhstan Tenge
1 Philippine Peso = 158.00451 Lao Kip
1 Philippine Peso = 28.292 Lebanese Pound
1 Philippine Peso = 2.98572 Sri Lanka Rupee
1 Philippine Peso = 2.74709 Liberian Dollar
1 Philippine Peso = 0.25254 Lesotho Loti
1 Philippine Peso = 0.05728 Lithuanian Lita
1 Philippine Peso = 0.01166 Latvian Lat
1 Philippine Peso = 0.02548 Libyan Dinar
1 Philippine Peso = 0.1786 Moroccan Dirham
1 Philippine Peso = 0.3177 Moldovan Leu
1 Philippine Peso = 0.98891 Macedonian Denar
1 Philippine Peso = 25.98647 Myanmar Kyat
1 Philippine Peso = 45.97896 Mongolian Tugrik
1 Philippine Peso = 0.15183 Macau Pataca
1 Philippine Peso = 6.67042 Mauritania Ougulya
1 Philippine Peso = 0.65295 Mauritius Rupee
1 Philippine Peso = 0.29256 Maldives Rufiyaa
1 Philippine Peso = 13.4053 Malawi Kwacha
1 Philippine Peso = 0.37584 Mexican Peso
1 Philippine Peso = 0.07518 Malaysian Ringgit
1 Philippine Peso = 0.25239 Namibian Dollar
1 Philippine Peso = 6.72679 Nigerian Naira
1 Philippine Peso = 0.59207 Nicaragua Cordoba
1 Philippine Peso = 0.15205 Norwegian Krone
1 Philippine Peso = 2.03401 Nepalese Rupee
1 Philippine Peso = 0.02719 New Zealand Dollar
1 Philippine Peso = 0.00723 Omani Rial
1 Philippine Peso = 0.01879 Panama Balboa
1 Philippine Peso = 0.06134 Peruvian Nuevo Sol
1 Philippine Peso = 0.0609 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.28222 Pakistani Rupee
1 Philippine Peso = 0.06966 Polish Zloty
1 Philippine Peso = 106.55769 Paraguayan Guarani
1 Philippine Peso = 0.06839 Qatar Rial
1 Philippine Peso = 0.07509 Romanian New Leu
1 Philippine Peso = 1.18236 Russian Rouble
1 Philippine Peso = 15.96073 Rwanda Franc
1 Philippine Peso = 0.07046 Saudi Arabian Riyal
1 Philippine Peso = 0.1479 Solomon Islands Dollar
1 Philippine Peso = 0.25235 Seychelles Rupee
1 Philippine Peso = 0.33738 Sudanese Pound
1 Philippine Peso = 0.16635 Swedish Krona
1 Philippine Peso = 0.02551 Singapore Dollar
1 Philippine Peso = 0.01417 St Helena Pound
1 Philippine Peso = 0.41725 Slovak Koruna
1 Philippine Peso = 149.94363 Sierra Leone Leone
1 Philippine Peso = 10.72905 Somali Shilling
1 Philippine Peso = 394.98309 Sao Tome Dobra
1 Philippine Peso = 0.16441 El Salvador Colon
1 Philippine Peso = 9.67644 Syrian Pound
1 Philippine Peso = 0.25202 Swaziland Lilageni
1 Philippine Peso = 0.61856 Thai Baht
1 Philippine Peso = 0.04882 Tunisian Dinar
1 Philippine Peso = 0.04333 Tongan paʻanga
1 Philippine Peso = 0.08786 Turkish Lira
1 Philippine Peso = 0.12682 Trinidad Tobago Dollar
1 Philippine Peso = 0.56924 Taiwan Dollar
1 Philippine Peso = 42.63435 Tanzanian Shilling
1 Philippine Peso = 0.49267 Ukraine Hryvnia
1 Philippine Peso = 72.51597 Ugandan Shilling
1 Philippine Peso = 0.01879 United States Dollar
1 Philippine Peso = 0.59451 Uruguayan New Peso
1 Philippine Peso = 147.50094 Uzbekistan Sum
1 Philippine Peso = 1499.4363 Venezuelan Bolivar
1 Philippine Peso = 430.10147 Vietnam Dong
1 Philippine Peso = 2.07159 Vanuatu Vatu
1 Philippine Peso = 0.0488 Samoa Tala
1 Philippine Peso = 10.56614 CFA Franc (BEAC)
1 Philippine Peso = 0.05073 East Caribbean Dollar
1 Philippine Peso = 10.56614 CFA Franc (BCEAO)
1 Philippine Peso = 1.92165 Pacific Franc
1 Philippine Peso = 4.69466 Yemen Riyal
1 Philippine Peso = 0.25241 South African Rand
1 Philippine Peso = 97.51033 Zambian Kwacha
1 Philippine Peso = 6.80008 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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