BUSINESS sentiment turned less optimistic in the third quarter and in the next 12 months due to a weak peso and high inflation, the Bangko Sentral ng Pilipinas (BSP) quarterly Business Expectations Survey (BES) showed on Friday.

Conversely, a BSP study on consumer sentiment showed Filipino consumers have a more positive perspective for the last quarter of 2022 and the following 12 months due to expectations of increased income and improved work conditions.

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