BSP: Business outlook remains bullish in Q3 2013; enthusiasm rises sharply for Q4 2013

Businesses’ outlook on the economy continued to be favorable in Q3 2013. It was however less upbeat, with the overall confidence index (CI) lower at 42.8% compared to the all-time high of 54.9% recorded in the Q2 2013 survey. The lower but positive CI indicates that the number of optimists declined but continued to be greater than the number of pessimists during the quarter. The confidence index is computed as the percentage of firms that answered in the affirmative less the percentage of firms that answered in the negative with respect to their views on a given indicator.
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