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Inflation woes drag Philippine business confidence in April

29 May 2026
in Business
Reading Time: 4 mins read
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Inflation woes drag Philippine business confidence in April
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HIGH-RISE OFFICE and residential buildings dominate the skyline of the central business district in Taguig. — PHILIPPINE STAR/RYAN BALDEMOR

By Katherine K. Chan, Reporter

Business sentiment worsened further in April as firms expressed worries over heated inflation driving up operating costs and weakening consumer spending amid the Middle East war, a survey from the Bangko Sentral ng Pilipinas (BSP) showed.

Based on the central bank’s latest business expectations survey (BES), local firms’ current-month confidence index (CI) further slumped to -35.8% in April from -24.3% in March.

This was the worst CI seen since the central bank began issuing the BES on a monthly basis in January.

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