December 21, 2021
Pilar Patrice Manuel, CNN Philippines
Businesses and consumers are seeing a rosier picture in the months ahead amid efforts to further reopen the economy, the latest Bangko Sentral ng Pilipinas (BSP) surveys revealed. The BSP on December 17 reported improvements in confidence levels logged in the fourth quarter Business Expectations Survey (BES) and Consumer Expectations Survey (CES) toward the next quarter, along with the next 12 months. The confidence index (CI) of firms for the next quarter rose to 52.8% from the 31.9% outturn in the previous survey. A positive index means the number of optimists is bigger than pessimists.