HIGH-RISE OFFICE and residential buildings dominate the skyline of the central business district in Taguig. — PHILIPPINE STAR/RYAN BALDEMOR
By Katherine K. Chan, Reporter
Business sentiment worsened further in April as firms expressed worries over heated inflation driving up operating costs and weakening consumer spending amid the Middle East war, a survey from the Bangko Sentral ng Pilipinas (BSP) showed.
Based on the central bank’s latest business expectations survey (BES), local firms’ current-month confidence index (CI) further slumped to -35.8% in April from -24.3% in March.
This was the worst CI seen since the central bank began issuing the BES on a monthly basis in January.
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