The consumer confidence index in the Philippines declined to 1.3 in the fourth quarter of 2019 from 4.6 in the previous period. This was the second straight quarter positive reading but weakened, as the consumer's less optimistic outlook for the current quarter, the consumer confidence for high-income group, in particular, was less favorable due to expectations of peace and order challenges. Also, sentiment deteriorated across the three mainly indicators, country's economic condition, family financial situation and family income. For the near term and the year ahead, consumer sentiment across component indicators was generally steady compared to the previous quarter’s survey result.

Consumer Confidence in Philippines averaged -15.22 points from 2007 until 2019, reaching an all time high of 13.10 points in the second quarter of 2017 and a record low of -52.80 points in the third quarter of 2008. This page provides - Philippines Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Bangko Sentral ng Pilipinas

Consumer Confidence in Philippines is expected to be 10.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Philippines to stand at 7.00 in 12 months time. In the long-term, the Philippines Consumer Confidence is projected to trend around 7.00 points in 2021, according to our econometric models.


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Philippines Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
1.30 4.60 13.10 -52.80 2007 - 2019 points Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-03-29 01:00 AM Q1 -0.5 -22.5 -5.7
2019-06-26 01:30 AM Q2 -1.3 -0.5 2.1
2019-09-20 01:00 AM Q3 4.6 -1.3 3.3
2019-12-23 01:10 AM Q4 1.3 4.6 7.5
2020-03-26 01:00 AM Q1 1.3 10
2020-06-22 01:00 AM Q2 6
2020-09-28 01:00 AM Q3 5.5
2020-12-28 01:00 AM Q4 7


News Stream
Philippines Consumer Morale Weakens in Q4
The consumer confidence index in the Philippines declined to 1.3 in the fourth quarter of 2019 from 4.6 in the previous period. This was the second straight quarter positive reading but weakened, as the consumer's less optimistic outlook for the current quarter, the consumer confidence for high-income group, in particular, was less favorable due to expectations of peace and order challenges. Also, sentiment deteriorated across the three mainly indicators, country's economic condition, family financial situation and family income. For the near term and the year ahead, consumer sentiment across component indicators was generally steady compared to the previous quarter’s survey result.
2019-12-23
Philippines Consumer Morale Strongest in Near 2 Years
The consumer confidence index in the Philippines rose to 4.6 in the third quarter of 2019 from -1.3 in the previous period. This was the first positive reading in five quarters and the strongest since the last quarter 2017, as expectations improved in the peace and order situation, availability of more jobs, additional and high income and good governance. Also, sentiment strengthened across the three mainly indicators, country's economic condition, family financial situation and family income. For the near term and the year ahead, consumers were more optimistic compared to the previous quarter’s survey result.
2019-09-20
Philippines Consumer Morale Weakens in Q2
The consumer confidence index in the Philippines fell to -1.3 in the second quarter of 2019 from -0.5 in the previous period, mainly due to expectations of higher prices of goods, household expenses, poor health and high medical expenses, as well as Metro Manila’s water crisis. The negative sentiment was tempered by expectations of improved law and order, additional income, availability of more jobs, good governance, and additional working family members amid the increase in the number of students which graduate in the second quarter.
2019-06-26
Philippines Consumer Sentiment Improves in Q1
The consumer confidence index in the Philippines rose to -0.5 in the first quarter of 2019 from -22.5 in the previous period. The improvement was observed across the three component indicators of consumer confidence, namely, the country’s economic condition, family financial situation, and family income. Notably, the confidence for economic condition and family income posted the largest positive changes in their respective index levels since the first quarter of 2007. Also, households’ sentiment for the next quarter and the year ahead strengthened.
2019-03-29

Philippines Consumer Confidence
In Philippines, the Consumer Expectations Survey covers over 5,000 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.