The consumer confidence index in the Philippines plunged to -22.5 in the December quarter 2018 from -7.1 in the previous quarter and marking the weakest reading since the fourth quarter 2014. Consumers's expectations deteriorated regarding commodity prices, additional income, household expenses and unemployment. Also, households’ sentiment for the next quarter swung to negative territory, while that for the next 12 months softened. Consumer Confidence in Philippines averaged -16.58 Index Points from 2007 until 2018, reaching an all time high of 13.10 Index Points in the second quarter of 2017 and a record low of -52.80 Index Points in the third quarter of 2008.
Consumer Confidence in Philippines is expected to be -7.50 Index 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 3.40 in 12 months time. In the long-term, the Philippines Consumer Confidence is projected to trend around 7.00 Index Points in 2020, according to our econometric models.