ECONOMY: MANILA- 30% of Pinoys say lives worsened in Q3 — SWS

ONLY 28 percent of Filipinos said their lives improved in the third quarter of 2018 compared to the 30 percent who said otherwise, a survey by the Social Weather Stations (SWS) showed on Wednesday.

The -2 net rating is good for a “fair” rating, according to the pollster.

This is the first time since the first quarter of 2015 that the net gainers garnered a negative rating, following 14 consecutive positive scores.

The figure is 7 points below the +5 (high) in June 2018, and is the lowest since the -8 (fair) in September 2014.

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The decline was caused by dips in Mindanao (zero, from June’s +14 mark), Metro Manila (-4, from June’s +1) and Balance Luzon (+3, from June’s +9 figure).

It, however, rose in the Visayas at zero from June’s “mediocre” -11 mark.

The number of net gainers in all social classes also fell sharply.

It dropped dramatically in classes A, B and C at -1, good for a “fair” rating, from June’s “excellent” +31 figure.

The same happened in class D, which stood at zero rating from June’s +4 grade.

In class E, it fell to -14, from June’s +1 rating.

The number of personal optimists also dipped in the third quarter of the year.

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The SWS survey found that 36 percent of Filipinos expect a better life in the next 12 months, compared to 9 percent expecting it to get worse, for a Net Personal Optimists score of +27.

This is considered as “high,” and is 17 points down from the +44 “excellent” in June 2018.

The survey also found that 31 percent of Filipinos are optimistic that the Philippine economy would get better next year, while 20 percent said it would fall, for a Net Economic Optimists score of +11.

It is classified as “very high,” and is 19 points below the +30 “excellent” in June 2018.

The decline resulted from decreases in all areas in the country.

The net economic optimism took a great hit in Mindanao, standing at +28 from June’s +49 mark.
It suffered a 22-point decline in Balance Luzon, at +8.

The optimism also fell in the Visayas, where a net rating of +1 was recorded from June’s +20, while the net economic optimists were at +5 in Metro Manila, from June’s +13.

It also saw huge dips in all social classes.

The survey was conducted from September 15 to 23, 2018 among 1,500 adults at least 18 years of age.

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

BY RALPH VILLANUEVA

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