Consumer outlook weakens

CONSUMER confidence weakened but remained positive for the first quarter of 2018, with the overall confidence index (CI) declining to 1.7 percent from 9.5 percent for the previous quarter.

The less optimistic sentiment was brought about by respondents’ expectations of higher prices of goods, low income, and rise in household expenses. Respondents also cited concerns on increase in household debts, occurrence of typhoon and other calamities, and poor harvest.

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