Business confidence · Philippines
Philippines Business Confidence
The Philippines Business Confidence asks companies in the Philippines how they judge current business conditions and what they expect for the coming months.
- Importance
- Medium
- Released
- Monthly
- Currency
- PHP · Philippine peso
- Central bank
- Bangko Sentral ng Pilipinas
Latest figures
The latest release for AUG, published on 25 September 2026, came in at -10.9, up from -20.3 the time before.
Over the last 10 releases it ranged from -35.8 to 31.2, averaging -0.4.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 25 Sep 2026 | AUG | -10.9 | – | -20.3 |
| 4 Sep 2026 | JUL | -20.3 | – | 0.0 |
| 31 Jul 2026 | JUN | 0.0 | – | -25.2 |
| 26 Jun 2026 | MAY | -25.2 | – | -35.8 |
| 29 May 2026 | APR | -35.8 | – | -24.3 |
| 27 Apr 2026 | MAR | -24.3 | – | 8.2 |
| 19 Dec 2025 | Q4 | 29.7 | – | 23.2 |
| 26 Sep 2025 | Q3 | 23.2 | – | 28.8 |
| 1 Jul 2025 | Q2 | 28.8 | – | 31.2 |
| 11 Apr 2025 | Q1 | 31.2 | – | 44.5 |
Why it matters
Confidence leads hiring and investment decisions, so these surveys often turn before the hard data. Germany's Ifo and ZEW, and Japan's Tankan, are among the most market-moving releases for the euro and the yen.
How it is calculated
Survey answers (better/same/worse) are turned into a balance (positive minus negative answers) or an index around a long-run average of 100; the release separates current conditions from expectations.
What changes mean
- The expectations component turns first; watch its direction over several months.
- A gap between strong current conditions and weak expectations often marks a peak.
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the Philippine peso and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the Philippine peso tends to soften and markets price in lower rates.
A short history
Business tendency surveys began in Germany (Ifo) and other European countries after the Second World War; the Bank of Japan's Tankan has been run for decades, and the ZEW financial-expert survey since 1991.
Questions
What is the Philippines Business Confidence?
The Philippines Business Confidence asks companies in the Philippines how they judge current business conditions and what they expect for the coming months.
What was the latest Philippines Business Confidence?
-10.9 for AUG, published on 25 September 2026.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.