Consumer confidence dips to -22.2% in Q4 2025 amid rising concerns

Consumer confidence in the Philippines declined significantly in the fourth quarter of 2025, with expectations falling to -22.2 percent from -9.8 percent in the previous quarter, according to a Bangko Sentral ng Pilipinas (BSP) survey.

The drop in consumer sentiment was attributed to concerns about graft and corruption, rising inflation, reduced household income, and the impact of adverse weather and natural calamities.

In contrast, business confidence saw a notable increase, with the confidence index rising to 29.7 percent from 23.2 percent.

Businesses expressed optimism primarily due to anticipated holiday spending, improvements in firm productivity and efficiency, the introduction of new products and services, and a decrease in inflation.