Philippines Consumer Sentiment Lowest Since 2020

2026-06-29 04:10 By Kyrie Dichosa 1 min. read

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.



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