The consumer confidence indicator in the Philippines declined to -14 in the second quarter of 2025 from -13 in the previous period. It marks the weakest consumer confidence since the third quarter of 2024, due to higher inflation, lower family income, and fewer job opportunities. Among the component indicators, respondents were more pessimistic about the country’s economic condition (-35.6 vs -33.9 in Q1) and their family’s financial situation (-8.0 vs -6.1). However, views were more optimistic regarding their family income (1.6 vs 1.0). Meanwhile, consumer expectations for the country’s economic prospects over the next 12 months slightly fell from the previous quarter (11.8 vs 12.4 in Q1), and were also lower than the 13.5 recorded in Q2 of the previous year. source: Bangko Sentral ng Pilipinas

Consumer Confidence in Philippines decreased to -14 points in the second quarter of 2025 from -13 points in the first quarter of 2025. Consumer Confidence in Philippines averaged -16.22 points from 2007 until 2025, 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 September of 2025.

Consumer Confidence in Philippines decreased to -14 points in the second quarter of 2025 from -13 points in the first quarter of 2025. Consumer Confidence in Philippines is expected to be -13.00 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 -1.00 points in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-06-06 07:00 AM
Consumer Confidence
Q1 -13 -11.1 -12
2025-06-29 05:50 AM
Consumer Confidence
Q2 -14 -13 -10
2025-09-26 07:00 AM
Consumer Confidence
Q3 -14 -13


Related Last Previous Unit Reference
Consumer Confidence -14.00 -13.00 points Jun 2025
Consumer Credit 960.55 934.55 PHP Billion Mar 2025

Philippines Consumer Confidence
In Philippines, the Consumer Expectations Survey covers over 5,000 Consumers in the Philippines were less pessimistic in the first quarter of 2022, with the confidence index increasing to -15.1 percent from 24.0 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 as well as additional and high income, amid easing COVID-19 pandemic and soaring vaccinations. Meanwhile, consumer sentiment for the second quarter 2022 weakened, stemming from concerns about the faster rise in the prices of goods, low to no increase in income, and high unemployment rate. Meantime, consumer sentiment for the next 12 months improved to the highest level in more than four years, as expectations regarding availability of more jobs and high income improved. At the same time, consumer's views on the salary and good governance strengthened. 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.
Actual Previous Highest Lowest Dates Unit Frequency
-14.00 -13.00 13.10 -54.50 2007 - 2025 points Quarterly

News Stream
Philippines Consumer Mood Weakens in Q2
The consumer confidence indicator in the Philippines declined to -14 in the second quarter of 2025 from -13 in the previous period. It marks the weakest consumer confidence since the third quarter of 2024, due to higher inflation, lower family income, and fewer job opportunities. Among the component indicators, respondents were more pessimistic about the country’s economic condition (-35.6 vs -33.9 in Q1) and their family’s financial situation (-8.0 vs -6.1). However, views were more optimistic regarding their family income (1.6 vs 1.0). Meanwhile, consumer expectations for the country’s economic prospects over the next 12 months slightly fell from the previous quarter (11.8 vs 12.4 in Q1), and were also lower than the 13.5 recorded in Q2 of the previous year.
2025-06-29
Philippines Consumer Confidence Weakens in Q1
The consumer confidence indicator in the Philippines fell to -13 in the first quarter of 2025 from -11.1 in the previous period. The more pessimistic sentiment among consumers was attributed to faster increases in the prices of goods and services, declining incomes, and fewer job opportunities. Among the component indicators, respondents were more pessimistic about the country’s economic condition (-33.9 vs -24.2 in Q4). However, views were slightly less negative regarding their family’s financial situation (-6.1 vs -9), and turned positive for family income (1 vs -0.1). Meanwhile, consumer expectations for the country’s economic prospects over the next 12 months remained unchanged from the previous quarter at 12.4, though slightly lower than the 13.4 recorded in Q1 of the previous year.
2025-06-06
Philippines Consumer Mood Highest in 3 Quarters
The consumer confidence indicator in the Philippines increased to -11.1 in the fourth quarter of 2024, from -15.6 in the previous quarter, marking the highest reading since the first quarter. The less pessimistic sentiment among consumers was attributed to expectations of higher and additional sources of income, more working family members, and more available jobs and permanent employment. On the component indicators, views were less pessimistic about the country’s economic condition (-24.2 vs -30.7 in Q3), family financial situation (-9.0 vs -11.2), and family income (-0.1 vs -4.7). The consumer outlook also improved for the next quarter and the next 12 months, supported by expectations of higher income, additional sources of income, and more available jobs.
2024-12-19