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PIA Press Release
Wednesday, January 25, 2012

NSO conducts BSP’s January 2012 Consumer Survey

VIRAC, Catanduanes, Jan. 24 (PIA) -- The National Statistics Office (NSO), Catanduanes will be conducting the Consumer Expectations Survey (CES) from January 23-31, 2012.

In order to collect comprehensive information on the business conditions of the country in the household sector, the Bangko Sentral ng Pilipinas contracted with the National Statistics Office (NSO) to conduct this survey. The NSO will collect the data and encode the questionnaires while the BSP responsibility will generate the tables and analyze the results.

The CES is a household-based survey on the consumers’ assessment of their financial situation, the economic condition of the country, and the overall performance of the government.

The objectives of the survey are: 1) to provide a quick and regular assessment of the financial condition of the consumers and economic condition of the country at present and in the near future, from the consumers’ own view points; 2) to generate forecasts in the direction of the country’s economic activity based on the consumers’ outlook in the next twelve months; and 3) to provide quick and regular assessment of consumers’ outlook in terms of their income and expenditures.

Consumer spending and saving have an important influence in determining the course of the national economy. The core questions cover three broad areas of consumer sentiments: personal finances, business conditions, and buying conditions. The results of the survey will guide planners in forecasting the direction of change of the economy as well as the behavior of key indicators such as inflation rate, interest rates, and exchange rates.

The respondent will be the household head or any responsible member of the household present during the time of interview who can provide reliable answers to the questions asked by the enumerator.

In the province, one sample barangay will be interviewed, covering 16 sample households in Barangay Icanbato and Barangay Maysuram, Caramoran. (MAL/EAB, PIA Catanduanes)

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