Business, consumer confidence up

The Bangko Sentral ng Pilipinas said Friday both business and consumer sentiment improved in the fourth quarter of 2024.

“In particular, this could lead to increased demand in agricultural products, infrastructure projects, shipping and distribution services, transportation units, enrollment, chemicals, graphics services, among others. Moreover, the expected easing inflation and lower interest rates as well as the expansion and improvement of business operations buoyed business sentiment,” it said.

Meanwhile, consumer sentiment for the fourth quarter of 2024 improved as the overall confidence index turned less negative at -11.1 percent from -15.6 percent in Q3 2024.

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