Families who received remittances from their relatives abroad spent more on food and other household needs and less on acquisition of cars and houses in the third quarter of the year compared to their spending habits in the previous quarter.
The third quarter Consumer Expectations Survey of the Bangko Sentral ng Pilipinas showed that 94.1 percent of the 5, 093 households polled (2, 558 in Metro Manila and 2, 535 outside the NCR) spent the monies they received primarily on food and other household needs, from 91.8 percent in the second quarter.
However, the survey indicated an increasing trend in the number of households setting aside part of the remittances for savings from only 15.7 percent in the second quarter to 19.8 percent in the third quarter. In the first quarter, only 7.2 percent of households said they placed an amount for savings. [Read more]
No comments:
Post a Comment