The consumer confidence indicator in the Philippines dropped to -22.2 in the fourth quarter of 2025 from -9.8 in the third quarter. This was the lowest reading since the fourth quarter of 2021, primarily due to concerns over graft and corruption in the government, higher inflation, lower household income, and adverse weather conditions and other natural calamities. All three major component indices declined. The overall economic condition index plunged to -48.4, its lowest in five years, from -24.4 in the previous quarter. The family financial situation index fell to -14.6 from -7.1, while the family income index fell back into negative territory at -3.5 after three consecutive quarters of positive readings. The consumer outlook also weakened for both the next quarter (3.6 vs 6.9 in Q3) and the next 12 months (11.8 vs 14.1), reflecting the same concerns weighing on the current quarter. source: Bangko Sentral ng Pilipinas

Consumer Confidence in Philippines decreased to -22.20 points in the fourth quarter of 2025 from -9.80 points in the third quarter of 2025. Consumer Confidence in Philippines averaged -16.21 points from 2007 until 2025, 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 February of 2026.

Consumer Confidence in Philippines decreased to -22.20 points in the fourth quarter of 2025 from -9.80 points in the third quarter of 2025. Consumer Confidence in Philippines is expected to be -6.00 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 -1.00 points in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-09-26 03:40 AM
Consumer Confidence
Q3 -9.8 -14 -13
2025-12-19 08:00 AM
Consumer Confidence
Q4 -22.2 -9.8 -3
2026-06-05 07:00 AM
Consumer Confidence
Q1 -22.2 -7


Related Last Previous Unit Reference
Consumer Confidence -22.20 -9.80 points Dec 2025
Consumer Credit 1094.36 1035.50 PHP Billion Sep 2025


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
-22.20 -9.80 13.10 -54.50 2007 - 2025 points Quarterly

News Stream
Philippines Consumer Confidence Falls to 4-Year Low
The consumer confidence indicator in the Philippines dropped to -22.2 in the fourth quarter of 2025 from -9.8 in the third quarter. This was the lowest reading since the fourth quarter of 2021, primarily due to concerns over graft and corruption in the government, higher inflation, lower household income, and adverse weather conditions and other natural calamities. All three major component indices declined. The overall economic condition index plunged to -48.4, its lowest in five years, from -24.4 in the previous quarter. The family financial situation index fell to -14.6 from -7.1, while the family income index fell back into negative territory at -3.5 after three consecutive quarters of positive readings. The consumer outlook also weakened for both the next quarter (3.6 vs 6.9 in Q3) and the next 12 months (11.8 vs 14.1), reflecting the same concerns weighing on the current quarter.
2025-12-19
Philippines Consumer Morale Improves to 2-Year High
The consumer confidence indicator in the Philippines rose to -9.8 in the third quarter of 2025 from -14 in the previous period. The latest figure marked the highest reading since the third quarter of 2023, mainly driven by new income sources, higher earnings, more working family members, having a stable job, and greater employment opportunities. Among the component indicators, sentiment was largely unchanged on family income (2.2 vs 1.6 in Q2) and financial situation (-7.1 vs -8), while views on the overall economy turned less pessimistic (-24.4 vs -35.6). Notably, the family income index remained positive for the third consecutive quarter, indicating sustained optimism in household inflows. The consumer outlook also improved for both the next quarter (6.9 vs 0.6) and the next 12 months (14.1 vs 11.8), supported by expectations of higher income, additional earnings, more job openings, and stable prices of goods and services.
2025-09-26
Philippines Consumer Mood Weakens in Q2
The consumer confidence indicator in the Philippines declined to -14 in the second quarter of 2025 from -13 in the previous period. It marks the weakest consumer confidence since the third quarter of 2024, due to higher inflation, lower family income, and fewer job opportunities. Among the component indicators, respondents were more pessimistic about the country’s economic condition (-35.6 vs -33.9 in Q1) and their family’s financial situation (-8.0 vs -6.1). However, views were more optimistic regarding their family income (1.6 vs 1.0). Meanwhile, consumer expectations for the country’s economic prospects over the next 12 months slightly fell from the previous quarter (11.8 vs 12.4 in Q1), and were also lower than the 13.5 recorded in Q2 of the previous year.
2025-06-29