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.