Consumer pessimism remains in first quarter

FILIPINOS remain pessimistic in the first quarter as concerns over unemployment and low incomes outweighed the easing of inflation, according to a Bangko Sentral ng Pilipinas (BSP) survey.

In its Consumer Expectation Survey, the BSP said the overall consumer confidence index registered -25.7 percent in the first quarter, from -32.1 percent and -40.3 percent in the first and fourth quarters last year.

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