Consumers have more optimism for the third quarter of 2021 compared to the last three months, according to a survey published by the Bangko Sentral ng Pilipinas on Friday.
They also attributed the improved view to"effective" government policies and programs, particularly against COVID-19, which include vaccine availability, provision of financial aid, and relaxation of quarantine rules. "This suggests that while more respondents continue to expect higher spending on basic goods and services, the number that said so decreased compared to a quarter ago, indicating some moderation in spending among many consumers over the next 3 months," the BSP said.Businesses' CI for the third quarter stood at 31.4% - nosediving from the 42.8% recorded the quarter before.
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