Difference between revisions of "Catanduanes Province, Philippines"

'''NSO conducts consumer survey'''

*Source: http://pia.gov.ph/news/index.php?menu=2&webregion=R05&article=771334036406

*By: PIA

*''April 10, 2012''

VIRAC, Catanduanes- The National Statistics Office (NSO) in Catanduanes is administering the April 2012 Consumer Expectations Survey (CES) with the actual interviews to be conducted from April 2 to 14.

The Bangko Sentral ng Pilipinas (BSP) in order to collect comprehensive information on the business conditions of the country in the household sector, contracted the National Statistics Office (NSO) to conduct a Consumer Expectations Survey.

It is NSO’s responsibility to undertake the data collection and encoding of the questionnaires while BSPs responsibility is the generation of tables and analysis of the results.

The CES is a household-based survey on the consumers’ assessment of their financial situation, the economic condition of the country and the overall performance of the government.

The objectives of the survey are to provide a quick and regular assessment of the financial condition of the consumers and economic condition of the country at present and in the near future, from the consumers’ own view points; to generate forecasts in the direction of the country’s economic activity based on the consumers’ outlook in the next twelve months and to provide quick and regular assessment of consumers’ outlook in terms of their income and expenditures.

Consumer spending and saving decisions have an important influence in determining the course of the national economy. The core questions cover three broad areas of consumer sentiments: personal finances, business conditions and buying conditions. The results of the survey will guide planners in forecasting the direction of change of the economy as well as the behavior of key indicators such as inflation rate, interest rates and exchange rates.

The respondent shall be the household head or any responsible member of the household present during the time of interview who can provide reliable answers to the questions asked by the enumerator.

 

The authority for the survey emanates from Commonwealth Act No. 591, which authorizes the NSO, under Section 2 of the act “to conduct by enumeration, sampling or other methods, for statistics purposes, studies of social and economic problems of the country. Like any other surveys undertaken by the NSO, the data that will be gathered in the said survey are for statistical purposes only and will be published in summary forms. Information obtained from the respondents shall be held strictly confidential and shall not be used for investigation, taxation and law enforcement purposes and shall not be divulged to any person except authorized NSO personnel acting in the performance of their duties.”

 

 

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.