PSA prepares for the conduct of the October 2019 Consumer Expectations Survey

The Philippine Statistics Authority (PSA)-Regional Statistical Services Office XIII (Caraga) will conduct the 2019 October Consumer Expectations Survey (CES) this coming October 1 to 15, 2019. Agusan del Norte and Surigao del Norte are the provinces covered for this survey.

The CES is a nationwide quarterly survey household-based survey on consumers’ assessment of their family income, financial situation, and the economic condition of the country. This is administered on a sample basis at the household drawn through a stratified multi-stage random sampling. It is a joint undertaking between the Philippine Statistics Authority (PSA) and the Bangko Sentral ng Pilipinas (BSP).

It aims to provide a quick and regular assessment of the financial condition of consumers and economic condition of the country at present and in the near future, from the consumers own viewpoints; to generate forecasts in the direction of the country’s economic activity based on consumers’ outlook in the current quarter, next quarter and the next 12 months; to provide quick and regular assessment of consumers’ confidence in terms of their income and expenditures as well as their outlook on key economic indicators closely monitored by BSP such as inflation, exchange rate and interest rates, and to provide quick and regular assessment of the saving condition of consumers and outstanding debt situation of the household head, their spouse/partner, their children and other family members at present.

All the data and information collected by the hired field interviewers shall be kept strictly confidential and shall not be used for purposes of taxation, investigation or regulation as provided under Article 55 of RA 10625.