By PNA and U.S. News Agency / Asian
The Philippines ranked second in a Global Consumer Confidence Survey conducted by the Nielsen Company, a Palace official said.
In a statement issued Tuesday, Deputy Spokesperson Abigail Valte said the latest survey represents a two-point increase in the third quarter of 2012 compared to the second quarter this year.
With a score of 118, the Philippines comes second only to India and Indonesia which both share the top spot with 119 among 58 countries surveyed.
“The bullish consumer sentiment shows a positive attitude towards the Philippine economy, one bright spot in only 12 countries that registered “more optimism” out of the 58 surveyed,” Valte said.
Valte pointed out that the survey’s index notes that a score of 101 and higher indicates more optimism while a score of 100 and lower means more pessimism.
She said the Philippines bested Thailand by 6 points and Malaysia by 13 points. Singapore with a score of 98 and Vietnam with 87 both measured below the index of 100.