6 months Business, consumer sentiment up in Q1 Manilatimes |Biz
BUSINESS and consumer sentiment both improved in the first quarter, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday, with easing inflation and other positive developments said to have been the primary drivers. Results of the central bank’s latest Business Expectations Survey (BES) put the first quarter confidence index (CI) — computed as the percentage of companies that answered in the affirmative minus those who replied otherwise — at 35.2 percent, up from 27.2 percent three months earlier. BSP Department of Economic Statistics Director Redentor Paolo Alegre Jr. told reporters that the latest CI marked a rebound after four consecutive ... more