Filipino consumers curb spending in Q4 2014

This is AI generated summarization, which may have errors. For context, always refer to the full article.

Filipino consumers curb spending in Q4 2014

To boost their household savings, 80% of consumers in the Philippines adjusted their spending habits over the past 12 months, a Nielsen Consumer Confidence Index report said. 62% are spending less on new clothing, even as some are cutting on expenses by saving on gas and electricity, delaying upgrading of technology, and choosing cheaper grocery brands. Filipino consumers, along with other Southeast Asian consumers, are considered the most avid savers in the world, Nielsen also said.

Read the full story on Rappler.

Add a comment

Sort by

There are no comments yet. Add your comment to start the conversation.

Summarize this article with AI

How does this make you feel?

Download the Rappler App!