In Philippines, the Consumer Expectations Survey covers over 5,000 Consumers in the Philippines were less pessimistic in the first quarter of 2022, with the confidence index increasing to -15.1 percent from 24.0 percent in the previous three months. The latest reading pointed to the highest figure since the first quarter 2020, due to the availability of more jobs and permanent employment as well as additional and high income, amid easing COVID-19 pandemic and soaring vaccinations. Meanwhile, consumer sentiment for the second quarter 2022 weakened, stemming from concerns about the faster rise in the prices of goods, low to no increase in income, and high unemployment rate. Meantime, consumer sentiment for the next 12 months improved to the highest level in more than four years, as expectations regarding availability of more jobs and high income improved. At the same time, consumer's views on the salary and good governance strengthened. households of which around 50 percent are from the national capital region Metro Manila. The questions address overall conditions of the economy, household finances and household income. The indicator 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.