Consumers in the Philippines were less pessimistic in the second quarter of 2022, with the confidence index increasing to -5.2 percent from -15.1 percent in the previous three months. The latest reading pointed to the highest figure since the first quarter 2020, due to the availability of more jobs and permanent employment amid easing COVID-19 restrictions. Meanwhile, consumer sentiment for the third quarter 2022 and the next 12 months turned more upbeat, as expectations regarding availability of more jobs and high income improved. source: Bangko Sentral ng Pilipinas

Consumer Confidence in Philippines averaged -16.75 points from 2007 until 2022, 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 July of 2022.

Consumer Confidence in Philippines is expected to be 20.00 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 2023, according to our econometric models.

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Philippines Consumer Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-06-05 06:30 AM Q1 -15.1 -24.0 -16.8
2022-07-01 09:15 AM Q2 -5.2 -15.1 -18
2022-09-23 06:30 AM Q3 -5.2


Related Last Previous Unit Reference
Consumer Confidence -5.20 -15.10 points Jun 2022
Personal Savings 6207559.26 6156738.58 Million PHP May 2022
Bank Lending Rate 6.54 6.77 percent Dec 2019
Consumer Credit 446.07 440.63 PHP Billion Mar 2022

Philippines Consumer Confidence
In Philippines, the Consumer Expectations Survey covers over 5,000 Consumers in the Philippines were less pessimistic in the first quarter of 2022, with the confidence index increasing to -15.1 percent from 24.0 percent in the previous three months. The latest reading pointed to the highest figure since the first quarter 2020, due to the availability of more jobs and permanent employment as well as additional and high income, amid easing COVID-19 pandemic and soaring vaccinations. Meanwhile, consumer sentiment for the second quarter 2022 weakened, stemming from concerns about the faster rise in the prices of goods, low to no increase in income, and high unemployment rate. Meantime, consumer sentiment for the next 12 months improved to the highest level in more than four years, as expectations regarding availability of more jobs and high income improved. At the same time, consumer's views on the salary and good governance strengthened. 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.
Actual Previous Highest Lowest Dates Unit Frequency
-5.20 -15.10 13.10 -54.50 2007 - 2022 points Quarterly

News Stream
Philippines Consumer Morale Strongest in 2 Years
Consumers in the Philippines were less pessimistic in the second quarter of 2022, with the confidence index increasing to -5.2 percent from -15.1 percent in the previous three months. The latest reading pointed to the highest figure since the first quarter 2020, due to the availability of more jobs and permanent employment amid easing COVID-19 restrictions. Meanwhile, consumer sentiment for the third quarter 2022 and the next 12 months turned more upbeat, as expectations regarding availability of more jobs and high income improved.
2022-07-01
Philippines Consumer Morale Highest In Near 2 Years
Consumers in the Philippines were less pessimistic in the first quarter of 2022, with the confidence index increasing to -15.1 percent from 24.0 percent in the previous three months. The latest reading pointed to the highest figure since the first quarter 2020, due to the availability of more jobs and permanent employment as well as additional and high income, amid easing COVID-19 pandemic and soaring vaccinations. Meanwhile, consumer sentiment for the second quarter 2022 weakened, stemming from concerns about the faster rise in the prices of goods, low to no increase in income, and high unemployment rate. Meantime, consumer sentiment for the next 12 months improved to the highest level in more than four years, as expectations regarding availability of more jobs and high income improved. At the same time, consumer's views on the salary and good governance strengthened.
2022-06-05
Philippines Q4 Consumer Morale Weakens
Consumers in the Philippines were more pessimistic in the fourth quarter of 2021, with the confidence index decreasing to -24.0 percent from -19.3 percent in the previous three months, amid ongoing COVID-19 pandemic. The more pessimistic mood among Filipino consumers was due to expectations of higher unemployment rate, low income, faster increase in the prices of goods, higher COVID-19 infections and imposing lockdown restrictions. Meanwhile, consumer sentiment for the first quarter 2022 and the next 12 months improved, as expectations regarding availability of more jobs and high income improved. At the same time, consumer's views on effective government policies and programs, and good governance strengthened.
2021-12-17