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. Consumer Confidence in Philippines averaged -15.95 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 2.10 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 10.00 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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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-07 09:00 AM Consumer Confidence Q3 -7.1 3.8 11
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
2019-09-07 09:00 AM Consumer Confidence Q3 -1.3 3.3
2019-12-12 02:00 AM Consumer Confidence Q4 5.5


Philippines Consumer Last Previous Highest Lowest Unit
Consumer Confidence -1.30 -0.50 13.10 -52.80 Index Points [+]
Retail Sales Yoy 1.60 1.60 79.50 -3.13 percent [+]
Consumer Spending 1646009.73 1568669.77 1789083.47 305524.42 PHP Million [+]
Personal Savings 4549059.65 4583354.62 4689905.96 1124351.04 Million PHP [+]
Bank Lending Rate 7.21 7.48 39.73 5.09 percent [+]
Retail Sales Mom 0.20 0.20 14.43 -2.51 percent [+]
Gasoline Prices 1.03 0.98 1.29 0.34 USD/Liter [+]
Consumer Credit 373.30 359.10 373.30 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1.30 -0.50 13.10 -52.80 2007 - 2019 Index Points Quarterly




Country Last Previous
Argentina 44.20 Jul/19
Australia 100.00 Aug/19
Brazil 47.00 Jun/19
Canada 55.60 Aug/19
China 125.90 Jun/19
Euro Area -6.60 Jul/19
France 102.00 Jul/19
Germany 9.70 Aug/19
India 97.00 Sep/19
Indonesia 124.80 Jul/19
Italy 113.40 Jul/19
Japan 37.80 Jul/19
Mexico 104.30 Jul/19
Netherlands 2.00 Jul/19
Russia -15.00 Jun/19
Saudi Arabia 114.00 Jun/19
South Africa 5.00 Jun/19
South Korea 95.90 Jul/19
Spain 97.00 Jul/19
Switzerland -8.00 Sep/19
Turkey 56.50 Jul/19
United Kingdom -11.00 Jul/19
United States 92.10 Aug/19


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