Consumers in the Philippines were less pessimistic in the third quarter of 2021, with the confidence index increasing to -19.3 percent from -30.9 percent in the previous three months. It was the strongest reading since Q1 2020, and after sinking to a record low of -54.5 in Q3 2020 mainly due to the COVID-19 pandemic. The lees pessimistic mood among Filipino consumers was due to availability of more jobs and more working family members, additional/higher income, and effective government policies and programs, particularly in addressing COVID-19- related concerns, such as the availability and rollout of vaccines, provision of financial assistance, and easing of quarantine restrictions. For the last quarter of the year, the consumer sentiment turned positive in the capital region but was steady in the other areas. source: Bangko Sentral ng Pilipinas

Consumer Confidence in Philippines averaged -16.86 points from 2007 until 2021, 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 December of 2021.

Consumer Confidence in Philippines is expected to be -19.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Consumer Confidence is projected to trend around 7.00 points in 2022, according to our econometric models.

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Philippines Consumer Confidence


Calendar GMT Actual Previous Consensus TEForecast
2021-07-04 06:30 AM Q1 -34.7 -47.9 -40
2021-09-27 12:30 AM Q3 -19.3 -30.9 10
2021-12-27 03:00 AM Q4 -19.3 -2


Related Last Previous Unit Reference
Consumer Confidence -19.30 -30.90 points Sep/21
Personal Savings 6075435.59 5981290.79 Million PHP Sep/21
Bank Lending Rate 6.54 6.77 percent Dec/19
Consumer Credit 402.24 400.21 PHP Billion Jun/21

News Stream
Philippines Consumer Morale Improves in Q3
Consumers in the Philippines were less pessimistic in the third quarter of 2021, with the confidence index increasing to -19.3 percent from -30.9 percent in the previous three months. It was the strongest reading since Q1 2020, and after sinking to a record low of -54.5 in Q3 2020 mainly due to the COVID-19 pandemic. The lees pessimistic mood among Filipino consumers was due to availability of more jobs and more working family members, additional/higher income, and effective government policies and programs, particularly in addressing COVID-19- related concerns, such as the availability and rollout of vaccines, provision of financial assistance, and easing of quarantine restrictions. For the last quarter of the year, the consumer sentiment turned positive in the capital region but was steady in the other areas.
2021-09-27
Philippines Consumer Morale Improves in Q2
Consumers in the Philippines were less pessimistic in the second quarter of 2021, as the overall confidence index increased to -30.9 percent from -34.7 percent. It was the strongest reading since Q1 2020, as the three component indicators, namely: country’s economic condition, family’s financial situation, and family income improved, amid easing quarantine restrictions and COVID-19 vaccination program. For the third quarter, consumer confidence was also upbeat and the next 12 months.In particular, the consumer confidence for Q3 2021 reverted to positive 1.3 percent from the Q1 2021 survey result of -2.2 percent, while the next 12 months consumer confidence rose to 19.8 percent from the Q1 2021 survey result of 17.9 percent. Consumers attributed their more optimistic views on employment, additional income and effective government policies. The central bank explained that the survey was conducted during the period 21 April - 1 May 2021.
2021-07-04
Philippines Consumer Morale Improves in Q4
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.
2020-12-25

Philippines Consumer Confidence
In Philippines, the Consumer Expectations Survey covers over 5,000 households of which around 50 percent are from the national capital region Metro Manila. The questions address overall conditions of the economy, household finances and household income. The indicator is computed by subtracting the percentage of firms that answer positively from the percentage that answer negatively. The index varies between -100 and 100; a positive value indicates a favorable view, a negative value shows lack of confidence and zero indicates neutrality.