The consumer confidence index in the Philippines was less pessimistic for the fourth quarter of 2020, as the overall confidence index increased to -47.9 from a record low of -54.5 in the third quarter. Consumer sentiment on the three indicators improved, although the consumer confidence remained negative as compared with the Q3 2020 survey results. The central bank explained that the survey was conducted during the period 1-13 October 2020, when the country still struggling to combat the pandemic. For Q1 of 2021, consumer sentiment across indicators was more favorable compared with the outturn in Q3 2020 survey round, particularly on the economic condition and family financial situation, where the consumer confidence reverted into the positive territory. Meanwhile, for the next 12 months, consumer confidence for the family financial situation and family income was less optimistic while sentiment on economic condition remained steady compared with the Q3 2020 survey results. source: Bangko Sentral ng Pilipinas
Consumer Confidence in Philippines averaged -15.65 points from 2007 until 2020, 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 January of 2021.
Consumer Confidence in Philippines is expected to be -11.00 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 5.00 in 12 months time. In the long-term, the Philippines Consumer Confidence is projected to trend around 7.00 points in 2021, according to our econometric models.