Consumer Spending in Philippines decreased to 1568669.77 PHP Million in the first quarter of 2019 from 1789083.47 PHP Million in the fourth quarter of 2018. Consumer Spending in Philippines averaged 741653.33 PHP Million from 1981 until 2019, reaching an all time high of 1789083.47 PHP Million in the fourth quarter of 2018 and a record low of 305524.42 PHP Million in the first quarter of 1981.
Consumer Spending in Philippines is expected to be 1608345.00 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 1908292.00 in 12 months time. In the long-term, the Philippines Consumer Spending is projected to trend around 2164431.00 PHP Million in 2020, according to our econometric models.