SWS: Net optimism over quality of life, economy still 'excellent' but slightly down

ABS-CBN News

Posted at May 23 2018 06:24 PM

SWS: Net optimism over quality of life, economy still 'excellent' but slightly down 1

MANILA - Filipinos' net optimism over their quality of life remained "excellent" despite a decline in their outlook on the economy, a Social Weather Stations (SWS) survey revealed Wednesday.

Of 1,200 respondents polled from March 23 to 27, 46 percent said they expected their quality of life to improve in the next 12 months and were considered "optimists," compared to the 6 percent who said otherwise and were deemed "pessimists."

This resulted in a net optimism score of +40, a slight decrease from last quarter's +46.

Meanwhile, 42 percent said the economy would "get better" in the next 12 months, compared to 12 percent who said it would "deteriorate," bringing the net score to +31, an 11-point decline from last quarter's +42.

"Net optimism about the economy has been excellent (+20 and above) since December 2015, reaching as high as +56 in June 2016," SWS said.

Personal optimism was highest in Luzon and Mindanao, where it remained "excellent." The score went down 8 points in Visayas although it remained "very high," while it went down 12 points in Metro Manila, falling one grade to "very high" from "excellent."

Net optimism also remained steady among social classes A, B and C, while it remained "excellent" in classes D and E despite a 5-point and 17-point decline, respectively.

Optimism on the economy, as measured by the SWS, refers to expectations about the economy in general, and is different from net personal optimism, which refers to personal life expectations, the survey firm said.