Consumer Spending in Philippines decreased to 2913245.91 PHP Million in the second quarter of 2020 from 3314513.21 PHP Million in the first quarter of 2020.
Consumer Spending in Philippines averaged 789905.09 PHP Million from 1981 until 2020, reaching an all time high of 3314513.21 PHP Million in the first quarter of 2020 and a record low of 305524.42 PHP Million in the first quarter of 1981. This page provides - Philippines Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Consumer Spending - values, historical data and charts - was last updated on September of 2020. source: National Statistics Office of Philippines
Consumer Spending in Philippines is expected to be 1585255.00 PHP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Spending in Philippines to stand at 3131739.00 in 12 months time. In the long-term, the Philippines Consumer Spending is projected to trend around 2101434.00 PHP Million in 2021 and 2238028.00 PHP Million in 2022, according to our econometric models.