Business and consumer sentiments remained optimistic in the third quarter of 2024 despite an anticipated increase in inflation rate in the next 12 months, according to the Bangko Sentral ng Pilipinas .
Meanwhile, consumer sentiment for the third quarter of 2024 also improved as the overall confidence index turned less negative at -15.6 percent from -20.5 percent in the second-quarter survey results. Companies expect tight cash or liquidity positions in the third quarter of 2024 as the financial condition index was little changed. Businesses anticipate tight access to credit in the third quarter of 2024 as the index on access to credit remained negative.
Meanwhile, consumer sentiment for the third quarter of 2024 improved, “reflective of the decrease in the percentage of pessimists, which outweighed the slight decrease in the percentage of optimists.”
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