Consumer Boom Fuels Philippines as Neighbors Hit by Export Pain

Consumer Boom Fuels Philippines as Neighbors Hit by Export Pain

Ted Aljibe/AFP/Getty Images

Vendors sell their goods at a temporary roadside market in Manila on Jan. 31, 2013. Consumer spending in the Philippines, among the most consumption-driven in Asia, rose 6.9 percent last quarter, holding above 5 percent for an eighth quarter.