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Consumers less gloomy; business sentiment rises

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CONSUMER sentiment remained negative, but less so, while business optimism improved in the fourth quarter, the Bangko Sentral ng Pilipinas (BSP) said on Friday.

CONSUMER sentiment remained negative, but less so, while business optimism improved in the fourth quarter, the Bangko Sentral ng Pilipinas said on Friday.Results of the central bank's latest consumer and business expectations survey placed the consumer confidence index at -11.1 percent for October-December, improving from -15.6 percent three months earlier.The CI for businesses, meanwhile, rose to 44.5 percent from 32.9 percent in July-September.

Consumer findingsWith regard to the country's economic condition and family financial situation and family income, consumers were also less pessimistic in the fourth quarter: -24.2 percent from -30.7 percent, -9.0 percent from -11.12 percent and -0.1 percent from -4.7 percent.Results for next quarter also improved to -3.1 percent from -5.8 percent for the country's economic condition, 5.4 percent from 1.8 percent for family financial situation and 10.3 percent from 6.

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