Business Confidence in Philippines decreased to -5.30 points in the third quarter of 2020 from 22.30 points in the first quarter of 2020.

Business Confidence in Philippines averaged 29.09 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 October of 2020. source: Bangko Sentral ng Pilipinas

Business Confidence in Philippines is expected to be -6.00 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 20.00 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.

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Philippines Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-5.30 22.30 54.90 -32.60 2001 - 2020 points Quarterly

Philippines Business Last Previous Highest Lowest Unit
Business Confidence -5.30 22.30 54.90 -32.60 points [+]
Industrial Production -13.80 -17.20 68.60 -41.30 percent [+]
Capacity Utilization 65.29 75.37 84.55 65.29 percent [+]
Changes in Inventories -204947.51 -138085.89 92123.96 -204947.51 PHP Million [+]
Internet Speed 5450.74 4527.48 5450.74 795.57 KBps [+]
IP Addresses 1536948.00 1536732.00 1536948.00 477194.00 IP [+]
Manufacturing Pmi 50.10 47.30 57.50 31.60 points [+]
Total Vehicle Sales 5454.00 6157.00 14182.00 26.00 [+]
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 [+]


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.