SUMMARY
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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.
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