MANILA – Filipino consumers are entering the third quarter of 2025 with renewed optimism, expecting better job opportunities, higher incomes, and stable inflation, the Bangko Sentral ng Pilipinas (BSP) said in its latest Consumer Expectations Survey (CES).

While sentiment for the second quarter remained slightly negative, with the overall confidence index (CI) declining from -13 percent in the first quarter to -14 percent, the outlook has improved for the coming months.

For the third quarter, the CI turned positive, indicating that more consumers are optimistic than pessimistic about their economic prospects. Confidence for the year ahead also remained strong, despite a slight dip in the 12-month outlook.

The BSP attributed the improved sentiment to expectations of better employment conditions, rising income levels, and more manageable inflation.

Consumers also anticipate inflation to stay within the government’s target range over the next 12 months, signaling eased household inflation expectations — a trend that supports investment and job creation.