Businesses Are More Confident in Q1 2010

Today, Bangko Sentral ng Pilipinas announced an uptick in business confidence. According to the business confidence index, business sentiment became more optimistic in the first quarter of 2010, “rising sharply to 39.1 percent” (1). Second quarter 2010 business confidence index stands even higher, at 52.6 percent. (“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” (1).)