Philippines Consumer Spending - Forecast

Consumer Spending in Philippines is expected to be 1527737.00 PHP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Spending in Philippines to stand at 1559058.00 in 12 months time. In the long-term, the Philippines Consumer Spending is projected to trend around 1780304.00 PHP Million in 2020, according to our econometric models.


Philippines Consumer Spending
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Philippines Consumer Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Confidence 1.7 8 11 12 8.54 7
Retail Sales Yoy 4.2 4 3.66 3.3 3.35 4
Consumer Spending 1541280 1529217 1546890 1572717 1649170 1785490
Personal Savings 4477552 4536499 4623498 4709500 4794389 5658302
Bank Lending Rate 5.84 6.03 6.03 6.03 6.28 6.78
Retail Sales Mom 0.2 0.36 0.45 -0.2 0.34 0.1
Gasoline Prices 1.03 0.96 0.91 0.86 0.81 0.56
Consumer Credit 299 280 278 291 278 346
Consumer Confidence Current Conditions 13.9 13.54 13.61 14.41 14.31 14.22
Consumer Confidence Economic Expectations 40.4 33.27 32.67 32.26 31.99 31.38
Consumer Confidence Unemployment Expectations 1.9 0.01 -4.62 -0.31 -4.45 -0.56