The consumer confidence index in the Philippines turned pessimistic for the third quarter 2020, as the overall confidence index declined to a record low of -54.5 since the series began in Q1 2007. The central bank explained that the survey was conducted during the period 1-14 July 2020, when the country still struggling to combat the pandemic. Consumer sentiment on the three indicators turned pessimistic compared with Q1 2020 survey. The consumer confidence on the family’s financial situation and family income registered all-time lows since Q1 2007. For Q4, consumer sentiment across indicators weakened compared with the outturn in the previous survey round. Meanwhile, consumer confidence for the next 12 months across component indicators was more favorable compared with the first quarter 2020, due to expectations of an end in the COVID-19 pandemic. In Q2, consumer confidence could not be computed due to the implementation of community quarantine nationwide from 16 March to 31 May 2020.

Consumer Confidence in Philippines averaged -15.65 points from 2007 until 2020, reaching an all time high of 13.10 points in the second quarter of 2017 and a record low of -54.50 points in the third quarter of 2020. This page provides - Philippines Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Bangko Sentral ng Pilipinas

Consumer Confidence in Philippines is expected to be -11.00 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 5.00 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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Philippines Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-54.50 1.26 13.10 -54.50 2007 - 2020 points Quarterly


Calendar GMT Actual Previous Consensus TEForecast
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
2020-04-17 01:00 AM Q1 1.26 1.3 -25
2020-09-25 03:00 AM Q3 -54.5 1.26 -11
2020-12-28 01:00 AM Q4 4
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Philippines Consumer Morale Falls to Record Low
The consumer confidence index in the Philippines turned pessimistic for the third quarter 2020, as the overall confidence index declined to a record low of -54.5 since the series began in Q1 2007. The central bank explained that the survey was conducted during the period 1-14 July 2020, when the country still struggling to combat the pandemic. Consumer sentiment on the three indicators turned pessimistic compared with Q1 2020 survey. The consumer confidence on the family’s financial situation and family income registered all-time lows since Q1 2007. For Q4, consumer sentiment across indicators weakened compared with the outturn in the previous survey round. Meanwhile, consumer confidence for the next 12 months across component indicators was more favorable compared with the first quarter 2020, due to expectations of an end in the COVID-19 pandemic. In Q2, consumer confidence could not be computed due to the implementation of community quarantine nationwide from 16 March to 31 May 2020.
2020-09-25
Philippines Consumer Morale Drops Slightly in Q1
The consumer confidence index in the Philippines decreased marginally to 1.26 in the first quarter of 2020 from 1.31 in the previous period. The central bank explained that the survey was conducted from January 29th through February 10th 2020, when the first cases of coronavirus were recorded in the country but before the government placed the entire island of Luzon under quarantine. Consumers were more optimistic about their family’s financial condition but less confident with the country’s economic conditions compared to the previous quarter. Their outlook on family income remained steady. However, households expressed concerns about the faster increase in prices of goods as well as the impact of the Covid-19 pandemic.
2020-04-17
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 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.