THE business sentiment in the Philippines softened in the first quarter of 2024, or in the months of January, February and March, with the overall confidence index declining to 33.1 percent from 35.9 percent in the months of October, November, and December or the fourth quarter of 2023. .
'The firms’ more optimistic outlook for Q2 2024 was attributed to their expectations of: higher demand for products and services, completion of more projects due to a more conducive business environment, seasonal uptick in business activities in the tourism and fisheries sub-sectors during the summer and open fishing seasons, business expansions and development of new products, and easing inflation,' the BSP said.
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