, Philippines

Consumer companies in the Philippines to benefit from inflation easing

Sales will continue to grow strongly on the back of a more favorable consumer sentiment, says Maybank ATR Kim Eng.

Maybank ATR Kim Eng noted:

Fuel prices in the Philippines have been going down, as benchmark global crude oil prices dropped 18.5% YTD to USD83.77/barrel. As a result, inflation eased MoM in May to 2.9% YoY.

We likewise revised down our inflation forecast this year to 3.1% from 4.3%. We believe that consumer companies will be the main beneficiary, as sales will continue to grow strongly on the back of a more favorable consumer sentiment.

Lower fuel costs should also help improve margins of the food and beverage companies due to lower packaging and freight costs.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!