BUSINESS sentiment plunged in the third quarter, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday, with consumer prices, seasonality, weak local currency and competition said to have dampened optimism.
Results of the central bank’s latest Business Expectations Survey put the third quarter confidence index (CI) — computed as the percentage of companies that answered in the affirmative minus those who replied otherwise — at 30.1 percent, down from 39.3 percent three months earlier.
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