Filipino optimism 'worst' since 2015: SWS

ABS-CBN News

Posted at May 17 2017 11:43 AM

OPTIMISM REMAINS 'VERY HIGH'

MANILA - Filipino optimism over the quality of life weakened to its worst level since September 2015, according to the latest Social Weather Stations (SWS) survey published by BusinessWorld.

In the SWS survey conducted from March 25 to 28 of this year, 43 percent of respondents expect their personal quality of life to improve in the next 12 months, while 6% said they expect life to get worse.

This yields a net personal optimism score of +36, classified by SWS as "very high", but is considered the lowest net optimism score since September 2015’s +33.

A December 2016 poll showed net personal optimism at +45 among Filipinos. “Before this, net personal optimism had been at +40 and above for five consecutive quarters,” SWS said.

Meanwhile, optimism across geographical areas remain "very high," said SWS, but showed significant declines particularly in Mindanao, the home region of President Rodrigo Duterte.

The net optimism score in Mindanao dropped to +32 in March from +54 in December, a decline of 22 percentage points.

The survey also noted the significant drop of 17 points in net optimism score among Class E respondents, where the "very high" +46 rating last December plunged to a "high" +29 rating.

ONE YEAR, NO CHANGE

The March 2017 survey also found out that 35% of the respondents believe they are "gainers" as their lives have improved over the least year, while 19% said they are "losers" as their lives worsened.

The number of "gainers" and "losers" yield to a "very high" net gainers score of +16, which is the same score last December 2016.

"This is the eleventh time it has been positive since the series began in April 1983, and has been above +10 for three consecutive quarters since September 2016," SWS said in its report.

The SWS survey, which was first published on BusinessWorld, was conducted among 1,200 adults nationwide from March 25 to 28.

It has sampling error margins of ±3% for quarterly national percentages, ±4% for Balance Luzon, and ±6% each for Metro Manila, Visayas and Mindanao.

ECONOMIC OUTLOOK

SWS also noted the still "very high" optimism of the respondents in the Philippine economy.

The survey shows 47% of Filipinos said the economy will get better in the next 12 months, while 9% said it would deteriorate.

The +38 net optimism score about the economy, SWS said, is 5 points lower than last quarter's +43 rating.

SWS said net optimism on the economy stayed “very high” across geographical areas and socioeconomic classes.