BSP: Businesses retain upbeat expectations
By Michelle V. RemoPhilippine businesses felt better off this quarter compared with that of the same period last year as the encouraging outlook on the economy helped raise income expectations.
Philippine businesses felt better off this quarter compared with that of the same period last year as the encouraging outlook on the economy helped raise income expectations.
Sentiment of Filipino consumers improved in the first quarter, signaling a potential rise in household spending that could have fueled faster growth of the economy during the period, monetary officials said.
Pessimism among Filipino consumers increased in the fourth quarter as the adverse impact of the typhoons in late September on household incomes dampened sentiments.
Businessmen in the country are optimistic that they will continue to generate healthy revenue while the economy remains firmly on its growth track, according to the Business Expectation Survey (BES) for the third quarter. Monetary officials said these indications should help the country attain its expansion target for the year. In the survey, the confidence [...]
Local consumer confidence remained low in the second quarter despite expectations of a better harvest and the availability of more jobs compared with last year, results of the latest household survey by the Bangko Sentral ng Pilipinas showed.
Business sentiment for the second quarter remains positive, although it may be less bullish than that reported the previous year. Results of the Bangko Sentral ng Pilipinas’ Business Expectation Survey showed that the confidence index (CI) for businesses stood at +31.8 percent for the second quarter—a decline from the +47.5 percent reported in the first [...]
