Expectations of even higher inflation, higher interest rates, a weaker peso and lower demand for their products and services have dampened the optimism of companies and households about their
For consumers, the weaker optimism was attributed to their expectations of: faster increase in the prices of goods, low income, higher household expenses, and fewer available jobs.
The Business Expectations Survey covered 1,501 firms drawn at random from the list of Top 7,000 Corporations ranked based on total assets in 2016 from the Bureau van Dijk database. The BES was conducted early in the fourth quarter, from Oct. 4 to Nov. 11, and three out of five gave answers. And yet, the households’ spending outlook on goods and services for the first quarter of 2023 was more upbeat as the CI increased to 39.1 percent from 35.5 percent.
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