Philippine consumer and business confidence improves in Q3, survey shows
A Bangko Sentral ng Pilipinas survey indicates that while optimism remains low, the consumer confidence index rose to -29.8 percent in the third quarter, reflecting a brighter outlook among households and firms.
The central bank’s third-quarter poll of 5,476 households revealed a modest lift in sentiment, with the consumer confidence index moving to -29.8 percent. Businesses also reported a less pessimistic view, expecting higher incomes, stronger demand and better profit prospects. Despite the improvement, overall sentiment stays negative, underscoring lingering economic concerns in the Philippines.
Why it matters
The shift hints at a possible rebound in the Philippine economy, affecting households, businesses and policy makers.
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