The consumer confidence index in the Philippines declined to 1.3 in the fourth quarter of 2019 from 4.6 in the previous period. This was the second straight quarter positive reading but weakened, as the consumer's less optimistic outlook for the current quarter, the consumer confidence for high-income group, in particular, was less favorable due to expectations of peace and order challenges. Also, sentiment deteriorated across the three mainly indicators, country's economic condition, family financial situation and family income. For the near term and the year ahead, consumer sentiment across component indicators was generally steady compared to the previous quarter’s survey result.
Consumer Confidence in Philippines averaged -15.22 points from 2007 until 2019, reaching an all time high of 13.10 points in the second quarter of 2017 and a record low of -52.80 points in the third quarter of 2008. This page provides - Philippines Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Bangko Sentral ng Pilipinas
Consumer Confidence in Philippines is expected to be 7.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Philippines to stand at 5.50 in 12 months time. In the long-term, the Philippines Consumer Confidence is projected to trend around 7.00 points in 2020, according to our econometric models.