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Filipino consumers remain among the most optimistic about their finances in the world, but most of them prefer to save rather than spend, a survey showed. In its first-quarter 2013 Consumer Confidence Survey, Nielsen said the Philippines’ consumer confidence index dipped one point to 118 from 117 in the 4th quarter of 2012, causing the country to slip a notch in the ranking of 58 countries. Some 83% of Filipino respondents said they made adjustments in spending to save on household expenses, an increase of 5 percentage points from the 4th quarter of 2012. They said they cut down on expenses on clothes, out-of-home entertainment, and other items and activities. As they reduced spending, Nielsen said 68% of respondents said saving spare cash was a priority, up 3 percentage points.
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