Filipino consumers grew more pessimistic in the second quarter of 2025, on higher inflation, lower family incomes and fewer job opportunities, a Bangko Sentral ng Pilipinas survey showed over the weekend.
The BSP’s latest Consumer Expectations Survey (CES) revealed the overall consumer confidence index (CI) for the current quarter fell to -14.0 percent in the April-June period from -13.0 percent in the first quarter of 2025. A negative CI indicates a greater number of pessimistic respondents than optimistic ones.
Despite the gloomier sentiment for the current quarter, consumer confidence for both the next quarter and the next 12 months remained positive, signaling sustained optimism in the near term.
Consumers also anticipate inflation over the next 12 months to stay within the government’s target range, suggesting easing household inflation expectations.
The BSP utilizes the CES as a key economic surveillance tool, with its results serving as important inputs for monetary policy formulation.
