FX.co ★ Philippines Consumer Confidence Improves in Q1

Consumer confidence in the Philippines strengthened in the first quarter of 2026, with the index rising to -15.8 from -22.2 in the previous quarter, signaling a moderation in household pessimism. This improvement was driven by expectations of higher earnings, more stable employment, additional income streams, and a greater number of family members entering the labor force. By component, households were less pessimistic about the country’s economic condition (-40.4 vs -48.4 in Q4), their family’s financial situation (-6.2 vs -14.6), and family income (-0.8 vs -3.5). Nevertheless, despite a better assessment of current conditions, households turned slightly more cautious about the short-term outlook, with confidence softening for the next quarter (1.8 vs 3.6 in Q4) and for the next 12 months (9.6 vs 11.8).