Consumers in the Philippines were less pessimistic in the second quarter of 2022, with the confidence index increasing to -5.2 percent from -15.1 percent in the previous three months. The latest reading pointed to the highest figure since the first quarter 2020, due to the availability of more jobs and permanent employment amid easing COVID-19 restrictions. Meanwhile, consumer sentiment for the third quarter 2022 and the next 12 months turned more upbeat, as expectations regarding availability of more jobs and high income improved. source: Bangko Sentral ng Pilipinas
Consumer Confidence in Philippines averaged -16.75 points from 2007 until 2022, 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 July of 2022.
Consumer Confidence in Philippines is expected to be 20.00 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 2023, according to our econometric models.