Sentiment still gloomy but improving, says BSP

Business confidence remained in the negative although with marked improvement in the second quarter, as the Bangko Sentral ng Pilipinas (BSP) periodic survey showed a confidence index (CI) of negative 2.6 percent from negative 23.9 the previous quarter.

The business expectations survey (BES), which is conducted every three months by the BSP had never turned positive since it was first conducted in the second quarter of 2001.

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