Filipino consumers were less pessimistic in the third quarter of 2025, according to a survey by the Bangko Sentral ng Pilipinas (BSP) that cited new income sources, higher earnings and more working family members as key reasons.
The BSP’s latest Consumer Expectations Survey (CES) showed the overall consumer confidence index (CI) improved to -9.8 percent in the third quarter from -14.0 percent in the second quarter. A negative CI means more respondents are pessimistic than optimistic.
The outlook for both the next quarter and the next 12 months also improved, reflecting stronger consumer confidence in the near term.
Consumers expect inflation over the next 12 months to remain within the government’s target range, indicating well-anchored household inflation expectations.
The CES is a key economic surveillance tool for the BSP, and its results are important inputs for monetary policy formulation.
