Filipino consumer confidence turns positive for Q3 2025

Filipino consumers are entering the third quarter of 2025 with renewed optimism, buoyed by expectations of better job opportunities, higher incomes, and more stable inflation, according to the latest Consumer Expectations Survey (CES) by the Bangko Sentral ng Pilipinas (BSP).

While sentiment in the second quarter remained slightly downbeat—with the overall confidence index (CI) slipping from -13 percent in Q1 to -14 percent—the outlook for the coming months has improved.

For the third quarter, the CI turned positive, indicating that more consumers are optimistic than pessimistic about the country’s economic direction.

Confidence for the next 12 months also stayed relatively strong, despite a slight dip in the year-ahead outlook.

Driving the brighter sentiment for Q3 are expectations of improved employment conditions, better income prospects, and more manageable prices.

Notably, consumers expect inflation to remain within the government’s target range over the next year—signaling easing household inflation expectations, which in turn support job creation and investment.