FX.co ★ Philippines Consumer Mood Weakens in Q2

Consumer confidence in the Philippines dropped to -14 in the second quarter of 2025, down from -13 in the previous quarter. This decline signals the lowest level of consumer confidence since the third quarter of 2024, primarily attributed to rising inflation, reduced family income, and limited job opportunities. Among the various components, respondents exhibited greater pessimism toward the nation's economic condition, which decreased from -33.9 in the first quarter to -35.6. Similarly, sentiment regarding their family’s financial situation worsened, declining from -6.1 to -8.0. However, there was a slight increase in optimism concerning family income, improving from 1.0 to 1.6. In contrast, consumer expectations for the country's economic outlook over the next 12 months experienced a minor decline to 11.8 from 12.4 in the previous quarter, which is also lower than the 13.5 recorded in the same quarter of the previous year.