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. Consumer Confidence in Philippines averaged -15.55 Index Points from 2007 until 2019, reaching an all time high of 13.10 Index Points in the second quarter of 2017 and a record low of -52.80 Index Points in the third quarter of 2008.

Consumer Confidence in Philippines is expected to be 3.40 Index 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 6.00 in 12 months time. In the long-term, the Philippines Consumer Confidence is projected to trend around 7.00 Index Points in 2020, according to our econometric models.

Philippines Consumer Confidence
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-07 12:30 AM Consumer Confidence Q4 -22.5 -7.1 -7.5
2019-03-29 01:00 AM Consumer Confidence Q1 -0.5 -22.5 -5.7
2019-06-26 01:30 AM Consumer Confidence Q2 -1.3 -0.5 2.1
2019-09-20 01:00 AM Consumer Confidence Q3 4.6 -1.3 3.3
2019-12-12 01:30 AM Consumer Confidence Q4 4.6 5.5


Philippines Consumer Last Previous Highest Lowest Unit
Consumer Confidence 4.60 -1.30 13.10 -52.80 Index Points [+]
Retail Sales Yoy 0.60 0.40 79.50 -3.13 percent [+]
Consumer Spending 1646009.73 1568669.77 1789083.47 305524.42 PHP Million [+]
Personal Savings 4598143.57 4634679.33 4689905.96 1124351.04 Million PHP [+]
Bank Lending Rate 7.11 7.38 39.73 5.09 percent [+]
Retail Sales Mom 0.20 -0.80 14.43 -2.51 percent [+]
Gasoline Prices 1.05 1.01 1.29 0.34 USD/Liter [+]
Consumer Credit 396.23 373.30 396.23 76.00 PHP Billion [+]
Consumer Confidence Current Conditions 13.90 26.60 26.60 -81.20 [+]
Consumer Confidence Economic Expectations 40.40 39.30 67.70 -48.90 [+]
Consumer Confidence Unemployment Expectations 1.90 -4.20 76.10 -27.80 [+]


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. This page provides - Philippines Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Consumer Confidence - actual data, historical chart and calendar of releases - was last updated on October of 2019.

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




Country Last Previous
Argentina 42.10 Sep/19
Australia 92.80 Oct/19
Brazil 47.30 Sep/19
Canada 53.02 Oct/19
China 122.40 Aug/19
Euro Area -6.50 Sep/19
France 104.00 Sep/19
Germany 9.90 Oct/19
India 89.40 Sep/19
Indonesia 121.80 Sep/19
Italy 112.20 Sep/19
Japan 35.60 Sep/19
Mexico 44.70 Sep/19
Netherlands -2.00 Sep/19
Russia -13.00 Sep/19
Saudi Arabia 114.00 Jun/19
South Africa 5.00 Jun/19
South Korea 96.90 Sep/19
Spain 80.70 Sep/19
Switzerland -8.00 Sep/19
Turkey 55.80 Sep/19
United Kingdom -12.00 Sep/19
United States 96.00 Oct/19


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