Consumer purchases have altered, rising of consciousness of consumers to their spending, focusing

more on their health and necessities to optimizing the allocation of their resources for their most basic
needs due of the effect of the pandemic to their income and the restriction of people’s movement.
According to Fitch Solutions, the total household spending is 6.7% slightly lower than the expected 7%
for the year 2020, while it was recorded last 2019 that the total household spending reaches up to 9.8%.

Crismundo, K. (2020, April 1). Fitch unit forecasts lower household spending in PH. Philippine News

Agency; Philippine News Agency. https://www.pna.gov.ph/articles/1098511

Technical Education and Skills Development Authority. “COVID-19’’s Impact to the Philippine Economic

Sectors: A TVET Response.” Technical Education and Skills Development Authority, 2020.

Consumer purchases during the pandemic have altered, rising the consciousness of consumers to their
spending, prioritizing food, drinks and health to optimize their resources, this is due of the effect of the
pandemic to their income and the restriction of people’s movement. According to Fitch Solutions, the
total household spending will grow up to 6.7% slightly lower than the expected 7% for the year 2020,
while it was recorded last 2019 that the total household spending reaches up to 9.8%.

Dumlao-Abadilla, D. (2020, April). Spending slows; purchases more on food, health items. INQUIRER.net.

https://business.inquirer.net/293913/spending-slows-purchases-more-on-food-health-item

Gonzales, C. (2020, April). Consumer and retail sector to bear the brunt of month-long ECQ, says think

tank. INQUIRER.net. https://newsinfo.inquirer.net/1252102/consumer-and-retail-sector-to-bear-

the-brunt-of-month-long-ecq-according-to-think-tank