Consumer optimism improves, but businesses turn pessimistic in Q3

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Philippine Star

Ramon Royandoyan – September 24, 2021 | 5:23pm MANILA, Philippines — Consumers were cautiously optimistic while businesses turned gloomy in the third quarter, as pandemic uncertainties persist, the Bangko Sentral ng Pilipinas reported Friday. A nationwide BSP survey of 5,670 households on July 1-14 showed the overall consumer confidence index (CI) remained in the red at -19.3% in the third quarter, which was nevertheless an improvement from the -30.9% contraction in the preceding quarter. On the other hand, a July 22-September 15 central bank poll of 1,511 companies showed the ove…

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