The consumer confidence index in the Philippines plunged to -22.5 in the December quarter 2018 from -7.1 in the previous quarter and marking the weakest reading since the fourth quarter 2014. Consumers's expectations deteriorated regarding commodity prices, additional income, household expenses and unemployment. Also, households’ sentiment for the next quarter swung to negative territory, while that for the next 12 months softened. Consumer Confidence in Philippines averaged -16.58 Index Points from 2007 until 2018, 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 -7.50 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 3.40 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
2018-03-27 12:30 AM Consumer Confidence 1.7 9.5 8.70
2018-06-08 09:00 AM Consumer Confidence 3.8 1.7 2
2018-09-07 09:00 AM Consumer Confidence -7.1 3.8 11
2018-12-07 12:30 AM Consumer Confidence -22.5 -7.1 -7.5
2019-03-28 12:30 AM Consumer Confidence -22.5 -5.7
2019-06-08 09:00 AM Consumer Confidence 2.1
2019-09-07 09:00 AM Consumer Confidence 3.3


Philippines Consumer Last Previous Highest Lowest Unit
Consumer Confidence -22.50 -7.10 13.10 -52.80 Index Points [+]
Retail Sales Yoy 2.70 3.80 79.50 -3.13 percent [+]
Consumer Spending 1791823.92 1479834.36 1791823.92 305524.42 PHP Million [+]
Personal Savings 4665755.56 4620854.67 4689905.96 1124351.04 Million PHP [+]
Bank Lending Rate 7.02 6.64 39.73 5.09 percent [+]
Retail Sales Mom -0.50 -0.20 14.43 -2.51 percent [+]
Gasoline Prices 0.90 0.90 1.29 0.34 USD/Liter [+]
Consumer Credit 329.44 318.96 329.44 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-22.50 -7.10 13.10 -52.80 2007 - 2018 Index Points Quarterly




Country Last Previous
Argentina 33.10 Jan/19
Australia 103.80 Feb/19
Brazil 114.30 Dec/18
Canada 54.12 Feb/19
China 123.00 Dec/18
Euro Area -7.40 Feb/19
France 91.00 Jan/19
Germany 10.80 Feb/19
India 96.70 Dec/18
Indonesia 125.50 Jan/19
Italy 114.00 Jan/19
Japan 41.90 Jan/19
Mexico 111.99 Jan/19
Netherlands -2.00 Feb/19
Russia -17.00 Dec/18
Saudi Arabia 106.00 Sep/18
South Africa 7.00 Dec/18
South Korea 97.50 Jan/19
Spain 93.80 Jan/19
Switzerland -4.00 Mar/19
Turkey 57.80 Feb/19
United Kingdom -14.00 Jan/19
United States 95.50 Feb/19


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