Business firms gave a favorable view of the Philippine economy in the second quarter of 2017, reflecting optimism about economic prospects than in the first quarter, results of the latest central bank Business Expectations Survey (BES) showed. The services sector was the most optimistic for Q2 2017. Only firms in the community, social and personal services sub-sector registered a lower outlook for Q2 2017. Construction firms’ outlook for Q2 2017 was likewise more positive in view of the start of implementation of the 2017 construction projects (both public and private), and better business environment. More respondents also anticipated the peso to depreciate for Q2 2017 and 0.3 2017.

Source: Manila Times May 26, 2017 18:33 UTC