Philippine business confidence rises – BSP

The Bangko Sentral ng Pilipinas (BSP) said business outlook on the economy is more upbeat for Q4 2017, with the overall confidence index (CI) rising to 43.3% from 37.9% for Q3 2017. According to the BSP, the figures mean that the number of optimists increased, and was greater than the number of pessimists during the quarter. BSP said the sentiment of businesses in the Philippines mirrored the more bullish business outlook in Australia, Canada, Germany, and Indonesia, but was in contrast to the less favorable views of those in the US, UK, Hong Kong, South Korea, New Zealand and Thailand.