Consumer confidence hits record high of 10% in Q2 – BSP
CONSUMER confidence in the next 12 months has become more optimistic due to the outcome of the recent elections.
In the latest Consumer Expectations Survey (CES) of the Bangko Sentral ng Pilipinas (BSP), the consumer confidence index (CI) for the year ahead jumped to a record 10 percent from 5.1 percent a quarter ago and -7.6 percent a year ago.
In particular, the survey showed that the next three months’ CI reached its second highest level since the nationwide survey started in 2007, although the pessimists continued to outnumber the optimists but only by a small margin.
CI for the next quarter reached -1.8 percent, higher from the -4.8 percent recorded in the previous quarter.
“The positive outlook for the next quarter mirrored the rebound in consumer confidence in other countries such as the United States, China, Mexico, Hungary, Slovenia, and Czech Republic,” BSP said. (PIA-Bohol)
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