Consumer Confidence in Philippines increased to -19.32 points in the third quarter of 2021 from -30.90 points in the second quarter of 2021. source: Bangko Sentral ng Pilipinas

Consumer Confidence in Philippines averaged -16.86 points from 2007 until 2021, 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 September of 2021.

Consumer Confidence in Philippines is expected to be -45.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Consumer Confidence is projected to trend around 7.00 points in 2022, according to our econometric models.

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Philippines Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-19.32 -30.90 13.10 -54.50 2007 - 2021 points Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2020-09-25 03:00 AM Q3 -54.5 1.26 -11
2020-12-25 04:45 AM Q4 -47.9 -54.5 4
2021-07-04 06:30 AM Q1 -34.7 -47.9 -40
2021-07-04 06:30 AM Q2 -30.9 -34.7 -30
2021-09-27 03:00 AM Q3 -45 10
2021-12-27 03:00 AM Q4 7

News Stream
Philippines Consumer Morale Improves in Q2
Consumers in the Philippines were less pessimistic in the second quarter of 2021, as the overall confidence index increased to -30.9 percent from -34.7 percent. It was the strongest reading since Q1 2020, as the three component indicators, namely: country’s economic condition, family’s financial situation, and family income improved, amid easing quarantine restrictions and COVID-19 vaccination program. For the third quarter, consumer confidence was also upbeat and the next 12 months.In particular, the consumer confidence for Q3 2021 reverted to positive 1.3 percent from the Q1 2021 survey result of -2.2 percent, while the next 12 months consumer confidence rose to 19.8 percent from the Q1 2021 survey result of 17.9 percent. Consumers attributed their more optimistic views on employment, additional income and effective government policies. The central bank explained that the survey was conducted during the period 21 April - 1 May 2021.
Philippines Consumer Morale Improves in Q4
The consumer confidence index in the Philippines was less pessimistic for the fourth quarter of 2020, as the overall confidence index increased to -47.9 from a record low of -54.5 in the third quarter. Consumer sentiment on the three indicators improved, although the consumer confidence remained negative as compared with the Q3 2020 survey results. The central bank explained that the survey was conducted during the period 1-13 October 2020, when the country still struggling to combat the pandemic. For Q1 of 2021, consumer sentiment across indicators was more favorable compared with the outturn in Q3 2020 survey round, particularly on the economic condition and family financial situation, where the consumer confidence reverted into the positive territory. Meanwhile, for the next 12 months, consumer confidence for the family financial situation and family income was less optimistic while sentiment on economic condition remained steady compared with the Q3 2020 survey results.

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.