Consumer confidence in Philippines improves in H2 2025, next 12 months

The overall consumer confidence index (CI) turned less negative to minus 9.8 per cent in Q3 2025 from minus 14 per cent in Q2. A negative CI means more respondents are pessimistic than optimistic.

Similar to the less downbeat sentiment for the current quarter, the consumer outlook for both the next quarter and the next 12 months improved as well, reflecting stronger consumer confidence in the near term, a release from the bank said.

Consumers also expect inflation over the next 12 months to stay within the government’s target range, indicating well-anchored household inflation expectations. Within-target inflation supports investments and job creation.

Over the next 12 months, the outlook was more upbeat among the low-income and high-income groups but was little changed among the middle-income group.

The spending outlook of households on goods and services for Q4 2025 was more upbeat.

The CES is a key economic surveillance tool of the bank, and its results are important inputs to monetary policy formulation.

ALCHEMPro News Desk (DS)