Business Confidence in Philippines decreased to 22.30 points in the first quarter of 2020 from 40.20 points in the fourth quarter of 2019.
Business Confidence in Philippines averaged 29.54 points from 2001 until 2020, 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. This page provides - Philippines Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Business Confidence - values, historical data and charts - was last updated on September of 2020. source: Bangko Sentral ng Pilipinas
Business Confidence in Philippines is expected to be -20.00 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 18.00 in 12 months time. In the long-term, the Philippines Business Confidence is projected to trend around 25.00 points in 2021 and 30.00 points in 2022, according to our econometric models.