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.