MANILA – Filipino consumers were less pessimistic in the third quarter of 2025, citing additional income sources, higher earnings, and more working family members, according to the Bangko Sentral ng Pilipinas (BSP).

Results of the BSP’s latest Consumer Expectations Survey (CES) showed the overall consumer confidence index (CI) improved to -9.8 percent in Q3 from -14.0 percent in the previous quarter. A negative CI means more respondents remain pessimistic than optimistic.

The outlook for the next quarter and the next 12 months likewise strengthened, reflecting improved consumer confidence in the near term.

Consumers also expect inflation over the next year to remain within the National Government’s target range, indicating well-anchored household expectations that could support investments and job creation.

The BSP said the CES is a key economic surveillance tool and provides critical inputs to monetary policy formulation.