mmegi

Fitch expects retail spending to strengthen

On the mend: Fitch researchers say local consumers are recovering from the COVID-19 knock and demand for electronics is on the rise 
PIC: PHATSIMO KAPENG
On the mend: Fitch researchers say local consumers are recovering from the COVID-19 knock and demand for electronics is on the rise PIC: PHATSIMO KAPENG

Researchers at credit rating agency, Fitch, have forecast a positive outlook for retail spending in the country, with consumers expected to steadily grow their purchases of consumer electronics such as mobile phones, laptops, and computers.

Fitch is forecasting an average annual growth rate of 13.2% in audio-visual, camera, and computer spending by local consumers over the 2022–2026 period. This will take spending from P2.2 billion this year, to P3.5 billion by 2026.

Similarly, household appliances will also experience strong medium-term growth, averaging 9.1 percent annually over the 2022–2026 period, according to the survey.


Editor's Comment
Rising abortion figures demand urgent action

Instead, they should serve as a warning to health authorities, community leaders, and policymakers that something is not right. According to the Palapye District Development Committee’s latest report, 130 abortion cases were recorded between April and June 2026.On the face of it, the overall figure may represent a decline from the preceding quarter. However, going deeper into the figures, the monthly trend tells a different and more worrying...

Have a Story? Send Us a tip
arrow up