Cebu business survey bares bleak outlook

Still, the same survey showed that 28% of the respondents expected an improvement in economic conditions and 34% expect no change in the situation.

Most respondents expected no change in terms of capacity utilization, average selling prices of goods/services, work force, and investment in buildings, equipment, the advisory group said in a statement.

Geronimo D. Sta. Ana, chairman of the advisory group, said the accomplished survey forms comprised less than 20% of the target 150 respondents.

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