The business confidence index in the Philippines declined to 26.1 in Q3 of 2022 from 35.4 in Q1, central bank data showed This was the lowest figure since the negative reading in Q3 2021, amid higher inflation, rising fuel prices, a plunge in the peso, and the lingering impact of COVID disruptions. Mood weakened among retailers (28.1 vs 36.1 in Q2), manufacturers (18.2 vs 29.9), service providers (30.5 vs 39.5), and property builders (16.2 vs 22.6). The measure of business sentiment for the next quarter is expected to fall for the second consecutive quarter while that for the next 12 months is projected to stay weak. source: Bangko Sentral ng Pilipinas
Business Confidence in Philippines averaged 28.21 points from 2001 until 2022, 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 October of 2022.
Business Confidence in Philippines is expected to be 36.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Business Confidence is projected to trend around 38.00 points in 2023, according to our econometric models.