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. Consumer Confidence in Philippines averaged -16.25 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 -5.80 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 7.50 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.