Confident PH consumers ready for retail therapy

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By: Philippine Daily Inquirer

Eager to move on from the pandemic, Filipino consumers were raring to spend more on retail shopping and “large” items such as cars and appliances on expectations they would earn more over the next year, a new survey showed.

Data from the Q1 2022 Consumer Pulse Study by insights company TransUnion revealed a shift in spending priorities as the Philippine economy further reopened early this year.

Eager to move on from the pandemic, Filipino consumers were raring to spend more on retail shopping and “large” items such as cars and appliances on expectations they would earn more over the next year, a new survey showed.

Data from the Q1 2022 Consumer Pulse Study by insights company TransUnion revealed a shift in spending priorities as the Philippine economy further reopened early this year.

“From optimism about improved household incomes to anticipated increased spending in key areas, Filipinos are increasingly bullish about our recovery from the global pandemic,” Pia Arellano, president and chief executive officer of TransUnion Philippines, said in a statement.

 

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