Business Confidence in Philippines increased to 40.20 points in the fourth quarter of 2019 from 37.30 points in the third quarter of 2019. Business Confidence in Philippines averaged 29.64 points from 2001 until 2019, reaching an all time high of 54.90 points in the second quarter of 2013 and a record low of -32.60 points in the fourth quarter of 2001. source: Bangko Sentral ng Pilipinas

Business Confidence in Philippines is expected to be 35.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Philippines to stand at 45.00 in 12 months time. In the long-term, the Philippines Business Confidence is projected to trend around 50.00 points in 2020, according to our econometric models.


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Philippines Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
40.20 37.30 54.90 -32.60 2001 - 2019 points Quarterly


Philippines Business Confidence
In Philippines, the Business Expectations Survey covers the top 7,000 Corporations listed on the Philippine’s Stock Exchange. The survey measures firms’ expectations on financing conditions, volume of business activity, employment and expansion plans. The index is computed by subtracting the percentage of firms that answer positively from the percentage that answer negatively. The index varies between -100 and 100; a positive value indicates a favorable view, a negative value shows lack of confidence and zero indicates neutrality.

Philippines Business Last Previous Highest Lowest Unit
Business Confidence 40.20 37.30 54.90 -32.60 points [+]
Industrial Production -5.80 -4.70 68.60 -26.60 percent [+]
Capacity Utilization 84.45 84.47 84.47 74.30 percent [+]
Changes in Inventories -26360.80 -28657.22 92123.96 -83619.51 PHP Million [+]
Internet Speed 5450.74 4527.48 5450.74 795.57 KBps [+]
IP Addresses 1536948.00 1536732.00 1536948.00 477194.00 IP [+]
Total Vehicle Sales 9246.00 9551.00 14182.00 993.00 [+]
Manufacturing Pmi 51.70 51.40 57.50 50.60 points [+]
Competitiveness Index 61.87 62.13 62.13 3.90 Points [+]
Competitiveness Rank 64.00 56.00 87.00 47.00 [+]
Ease of Doing Business 95.00 124.00 144.00 95.00 [+]
Corruption Index 34.00 36.00 38.00 23.00 Points [+]
Corruption Rank 113.00 99.00 141.00 36.00 [+]