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THE sentiment of Filipino consumers has shown a slight improvement in the first quarter of 2024, according to a survey released by the Bangko Sentral ng Pilipinas . In a statement Friday, April 12, 2024, the central bank said the overall confidence index became less negative at -10.9 percent, up from -19 percent in the fourth and last quarter of 2023.
Outlook for Q2 2024However, the BSP said consumers expressed less optimism for the second quarter of 2024 and the following 12 months. It said CIs declined, reflecting concerns about rising prices, fewer jobs, and lower income. This less-optimistic sentiment was consistent across all income groups, according to the BSP.Consumers indicated less hesitancy about purchasing big-ticket items in the first quarter of 2024 and the next 12 months, compared to the previous survey.
Consumer Sentiment Philippines Consumers
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