Philippines Confiance Des Consommateurs

The consumer confidence indicator in the Philippines dropped to -22.2 in the fourth quarter of 2025 from -9.8 in the third quarter. This was the lowest reading since the fourth quarter of 2021, primarily due to concerns over graft and corruption in the government, higher inflation, lower household income, and adverse weather conditions and other natural calamities. All three major component indices declined. The overall economic condition index plunged to -48.4, its lowest in five years, from -24.4 in the previous quarter. The family financial situation index fell to -14.6 from -7.1, while the family income index fell back into negative territory at -3.5 after three consecutive quarters of positive readings. The consumer outlook also weakened for both the next quarter (3.6 vs 6.9 in Q3) and the next 12 months (11.8 vs 14.1), reflecting the same concerns weighing on the current quarter.