MORE companies are optimistic about the Philippine economy this second quarter of 2015 given the expected robust consumer demand, strong construction sector, higher volume of production, and business expansions, but sentiment is likely to turn less upbeat in the third quarter with the onset of the rainy season.

The overall business confidence index (CI) for the second quarter climbed to 49.2 percent from 45.2 percent in the first quarter of 2015, results of the quarterly Business Expectations Survey (BES) released by the Bangko Sentral ng Pilipinas (BSP) on Friday show.

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