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. Philippines Business Confidence - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

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. This page provides - Philippines Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Bangko Sentral ng Pilipinas

Business Confidence in Philippines is expected to be 40.00 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 50.00 in 12 months time. In the long-term, the Philippines Business Confidence is projected to trend around 50.00 points in 2021, 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.