The consumer confidence indicator in the Philippines rose to -29.8 in the third quarter of 2026 from -42 in the previous quarter, which marked the weakest reading since Q4 2020 during the COVID pandemic. The improvement was driven by expectations of higher earnings, additional sources of income, and more stable employment. All three major component indices became less negative. The overall economic condition index rose to -59.4 from -71.1, while the family financial situation index increased to -20.3 from -36.2 and the family income index improved to -9.7 from -18.7. Meanwhile, the consumer outlook for the next quarter remained negative but moved sharply closer to zero at -0.8 from -16.3, while the outlook for the next 12 months rose further into positive territory to 9.1 from 0.2, signaling greater optimism about future economic conditions and household finances. source: Bangko Sentral ng Pilipinas

Consumer Confidence in Philippines increased to -29.80 points in the third quarter of 2026 from -42 points in the second quarter of 2026. Consumer Confidence in Philippines averaged -16.71 points from 2007 until 2026, 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 2026.

Consumer Confidence in Philippines increased to -29.80 points in the third quarter of 2026 from -42 points in the second quarter of 2026. Consumer Confidence in Philippines is expected to be -29.80 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 -15.00 points in 2027 and -12.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-29 04:00 AM
Consumer Confidence
Q2 -42 -15.8 -30
2026-09-28 12:00 AM
Consumer Confidence
Q3 -29.8 -42 -40
2026-12-23 05:00 AM
Consumer Confidence
Q4 -29.8 -36


Related Last Previous Unit Reference
Consumer Confidence -29.80 -42.00 points Sep 2026
Consumer Credit 1293.81 1228.71 PHP Billion Jun 2026


Philippines Consumer Confidence
In Philippines, the Consumer Expectations Survey covers over 5,000 Consumers in the Philippines were less pessimistic in the first quarter of 2022, with the confidence index increasing to -15.1 percent from 24.0 percent in the previous three months. The latest reading pointed to the highest figure since the first quarter 2020, due to the availability of more jobs and permanent employment as well as additional and high income, amid easing COVID-19 pandemic and soaring vaccinations. Meanwhile, consumer sentiment for the second quarter 2022 weakened, stemming from concerns about the faster rise in the prices of goods, low to no increase in income, and high unemployment rate. Meantime, consumer sentiment for the next 12 months improved to the highest level in more than four years, as expectations regarding availability of more jobs and high income improved. At the same time, consumer's views on the salary and good governance strengthened. 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.
Actual Previous Highest Lowest Dates Unit Frequency
-29.80 -42.00 13.10 -54.50 2007 - 2026 points Quarterly

News Stream
Philippines Consumer Confidence Improves in Q3
The consumer confidence indicator in the Philippines rose to -29.8 in the third quarter of 2026 from -42 in the previous quarter, which marked the weakest reading since Q4 2020 during the COVID pandemic. The improvement was driven by expectations of higher earnings, additional sources of income, and more stable employment. All three major component indices became less negative. The overall economic condition index rose to -59.4 from -71.1, while the family financial situation index increased to -20.3 from -36.2 and the family income index improved to -9.7 from -18.7. Meanwhile, the consumer outlook for the next quarter remained negative but moved sharply closer to zero at -0.8 from -16.3, while the outlook for the next 12 months rose further into positive territory to 9.1 from 0.2, signaling greater optimism about future economic conditions and household finances.
2026-09-28
Philippines Consumer Sentiment Lowest Since 2020
Consumer confidence in the Philippines deteriorated sharply in Q2 2026, with the indicator falling to -42.0 from -15.8 in Q1, marking its weakest reading since Q4 2020 during the COVID pandemic. Sentiment weakened as consumers anticipated higher fuel and food prices due to the Middle East conflict, alongside weaker economic conditions, higher unemployment, and a softer Philippine peso. Concerns over governance issues and the perceived lack of sufficient government measures to mitigate rising prices further weighed on confidence. As a result, households became more pessimistic about the country's economic condition (-71.1 vs. -40.4 in Q1), family financial situation (-36.2 vs. -6.2), and family income (-18.7 vs. -0.8). Expectations also deteriorated for the next quarter (-16.3 vs. 1.8) and the next 12 months (0.2 vs. 9.6), pointing to a more cautious outlook amid persistent inflationary and geopolitical uncertainties.
2026-06-29
Philippines Consumer Confidence Improves in Q1
Consumer confidence in the Philippines improved in the first quarter of 2026, with the indicator rising to -15.8 from -22.2 in the previous quarter, indicating easing pessimism among households. This was supported by expectations of higher earnings, more stable employment, additional income sources, and more family members joining the workforce. On the component indicators, views were less pessimistic about the country’s economic condition (-40.4 vs -48.4 in Q4), family financial situation (-6.2 vs -14.6), and family income (-0.8 vs -3.5). However, despite the improved current assessment, households became slightly more cautious about the near-term outlook. Weaker confidence was seen for the next quarter (1.8 vs 3.6 in Q4) and the next 12 months (9.6 vs 11.8).
2026-04-27