Filipinos still spending on new technology -- Nieslen survey

From Inquirer.net

By Erwin Oliva
INQUIRER.net
First Posted 14:01:00 06/04/2008

MANDALUYONG CITY, Philippines -- Filipinos are still spending on new technologies but only after saving spare cash, a recent global survey of Nielsen showed.

The Nielsen survey, conducted every six months over the Internet, involved 28,253 consumers in 51 countries including the Philippines. The survey was done from April 21 to May 6, 2008, with 523 sample respondents coming from the Philippines. The survey had a margin error of plus or minus 4 percent.

Benedicto Cid Jr., managing director of the Nielsen Company Philippines, said that consumer price increases during the covered months dampened spending among Filipinos due to the perceived economic recession and inflation. (Read full story here)