Monday, June 30, 2014

Prospects bright for Philippines retail

OXFORD BUSINESS GROUP
ECONOMIC UPDATES

Prospects bright for Philippines retail

High levels of liquidity and continued solid growth in the domestic economy are feeding into the Philippines’ retail sector, with sales rising on a tide of improving consumer sentiment. However, the central bank could move to take some of the heat out of the market in an effort to counter the creeping inflation fuelled by supply side pressures.
According to the latest Bangko Sentral ng Pilipinas (BSP) consumer expectations survey released in mid-June, the confidence index rose ... Read more.

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