Release Date: 

Tuesday, November 7, 2017

The Philippine Statistics Authority (PSA) Catanduanes will undertake the October 2017 Consumer Expectations Survey (CES).

The CES is a household-based survey on the consumers’ assessment of their family income, financial situation and the economic condition of the country. A complementary survey to the Bangko Sentral ng Pilipinas (BSP’s) Business Expectations Survey (BES), the CES is administered on a sample basis at the household level, drawn through a stratified multi-stage random sampling. This survey has a total sample of about 5, 000 households.

Conducted on a quarterly basis, the CES is a joint undertaking between the PSA and BSP. The PSA’s responsibility is to undertake the data collection and encoding of the questionnaire while generation of tables and analysis of the results for the BSP.

The objectives of the CES is 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; and 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 the BSP such as inflation, exchange rate and interest rates.

The reporting unit is the household which means that the statistics emanating from this undertaking will refer to the characteristics of the population residing in private households

RA No. 10625, also known as the Philippine Statistical Act of 2013, which was passed to law on September 12, 2013, mandates the PSA to be the central statistical authority of the Philippine government on primary data collection. Like any other surveys undertaken by the PSA, data that will be gathered in the survey are for statistical purposes only and will be published in summary forms. As provided in the said Act, the data will not, in any way, be used for investigation and law enforcement purposes.

Sixteen sample households will be interviewed in one sample barangay in the province.

Actual interview of sample households is from October 1-10, 2017.