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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