Philippines Retail Report Q1 2016 - New Market Study Published

Robust economic growth will continue to support employment levels in the Philippine which, together with the rising amount of households, will lead to greater spending. While essential goods will continue to account for the lion's share of household spending, aspirational goods will become increasingly important on the back of rising affluence levels. Meanwhile, geographic fragmentation, large rural population and poor quality of transport infrastructure remain the main challenges for retailers operating in the country.

We retain our positive outlook for the Philippines' economy, with real GDP growth forecasted at 6.0% in both 2015 and 2016, which will increase employment and disposable incomes. However, a large part of the country's population remains employed in low-wage jobs in the agricultural and industrial sectors and will continue to be reliant on remittance inflows from Filipinos working overseas, which we expect to rise further over the coming quarters as more Filipinos move away and seek better job opportunities abroad. These trends will bode well for the retail sector. Not only will poverty in the country decline further but affluence levels will increase over our five-year forecast period, resulting in higher spending on the retail sector and strong growth in non-grocery and non-essential segments over the medium term.

Full Report Details at
- http://www.fastmr.com/prod/1070808_philippines_retail_report_q1.aspx?afid=301

The Philippines Retail Report has been researched at source and features BMI Research's independent assessment and forecasts for the retail sector. The report examines key drivers of retail sales growth and future prospects, including consumer spending and private sector investment.

BMI's Philippines Retail Report also examines the level of development and potential for growth of the retail sector, the commercial initiatives of major players, changing consumer demographics that influence demand and the regulatory environment. Key sub-sectors include mass grocery retail, autos, over-the-counter pharmaceuticals, computers and consumer electronics.

Key Benefits

* Benchmark BMI's independent retail industry forecasts for Philippines to test other views - a key input for successful budgeting and strategic business planning in the Philippine retail market.
* Target business opportunities and risks in Philippines through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.

Coverage

BMI Industry View

Summary of BMI’s key forecasts and industry analysis, plus a discussion of major industry developments and a snapshot of key short-term demand-driving macroeconomic movements.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the retail sector and within the broader political, economic and business environment.

BMI Industry Forecasts

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