Philippines Consumer Credit - Forecast

Consumer Credit in Philippines is expected to be 316.09 PHP Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Credit in Philippines to stand at 336.53 in 12 months time. In the long-term, the Philippines Consumer Credit is projected to trend around 346.00 PHP Billion in 2020, according to our econometric models.


Philippines Consumer Credit
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Philippines Consumer Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Confidence 3.8 11 12 5.8 6.2 7
Retail Sales Yoy 3.4 3.2 3.3 3.5 3.4 4
Consumer Spending 1541280 1546890 1573478 1643004 1581030 1789708
Personal Savings 4544295 4659881 4751128 4841278 4930368 5766454
Bank Lending Rate 6.03 6.28 6.28 6.53 6.53 6.53
Retail Sales Mom 0.1 0.25 -0.2 0.26 0.26 0.1
Gasoline Prices 1.01 0.96 0.9 0.85 0.81 0.45
Consumer Credit 302 316 291 330 337 346
Consumer Confidence Current Conditions 13.9 13.61 14.41 14.31 14.19 14.22
Consumer Confidence Economic Expectations 40.4 32.67 32.26 31.99 31.8 31.38
Consumer Confidence Unemployment Expectations 1.9 -4.62 -0.31 -4.45 -0.28 -0.56