Consumers in the Philippines were less pessimistic in the third quarter of 2021, with the confidence index increasing to -19.3 percent from -30.9 percent in the previous three months. It was the strongest reading since Q1 2020, and after sinking to a record low of -54.5 in Q3 2020 mainly due to the COVID-19 pandemic. The lees pessimistic mood among Filipino consumers was due to availability of more jobs and more working family members, additional/higher income, and effective government policies and programs, particularly in addressing COVID-19- related concerns, such as the availability and rollout of vaccines, provision of financial assistance, and easing of quarantine restrictions. For the last quarter of the year, the consumer sentiment turned positive in the capital region but was steady in the other areas. source: Bangko Sentral ng Pilipinas
Consumer Confidence in Philippines averaged -16.86 points from 2007 until 2021, 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 October of 2021.
Consumer Confidence in Philippines is expected to be -19.30 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 7.00 points in 2022, according to our econometric models.