Filippinerne - Forbrugertillid

The consumer confidence index in the Philippines rose to 4.6 in the third quarter of 2019 from -1.3 in the previous period. This was the first positive reading in five quarters and the strongest since the last quarter 2017, as expectations improved in the peace and order situation, availability of more jobs, additional and high income and good governance. Also, sentiment strengthened across the three mainly indicators, country's economic condition, family financial situation and family income. For the near term and the year ahead, consumers were more optimistic compared to the previous quarter’s survey result.

The consumer confidence index in the Philippines fell to -1.3 in the second quarter of 2019 from -0.5 in the previous period, mainly due to expectations of higher prices of goods, household expenses, poor health and high medical expenses, as well as Metro Manila’s water crisis. The negative sentiment was tempered by expectations of improved law and order, additional income, availability of more jobs, good governance, and additional working family members amid the increase in the number of students which graduate in the second quarter.

The consumer confidence index in the Philippines rose to -0.5 in the first quarter of 2019 from -22.5 in the previous period. The improvement was observed across the three component indicators of consumer confidence, namely, the country’s economic condition, family financial situation, and family income. Notably, the confidence for economic condition and family income posted the largest positive changes in their respective index levels since the first quarter of 2007. Also, households’ sentiment for the next quarter and the year ahead strengthened.