Philippines - Consumer Confidence
Philippines: Consumer Confidence
| Mnemonic | CIC.IPHL | |
|---|---|---|
| Unit | Index, NSA | |
| Adjustments | Not Seasonally Adjusted | |
| Quarterly | 98.64 % | |
| Data | 2023 Q4 | -19.03 |
| 2023 Q3 | -9.58 | |
Series Information
| Source | Bangko Sentral Ng Pilipias |
| Release | Consumer Expectation Surveys |
| Frequency | Quarterly |
| Start Date | 3/31/2000 |
| End Date | 12/31/2023 |
Philippines: Consumer
| Reference | Last | Previous | Units | Frequency | |
|---|---|---|---|---|---|
| Consumer Confidence | 2023 Q4 | -19.03 | -9.58 | Index, NSA | Quarterly |
| Retail Sales | 2020 Q4 | 3,174,377 | 3,812,656 | Tons, NSA | Quarterly |
Release Information
The Consumer Expectations Survey captures the economic outlook of consumers as an indication of the country's future economic conditions.
The Consumer Expectations Survey is conducted by the Department of Economic Statistics.
The overall consumer confidence index is computed as the average of the three indices, namely:
1. Economic Condition refers to the perception of the respondent regarding the general economic condition of the country.
2. Family Financial Situation refers to the level of household income in cash as well as in kind, savings, outstanding debts, investments and assets.
3. Family Income includes primary income and receipts from other sources received by all family members as participants in any economic activity or as recipients of transfers, pensions, grants, and the like.
The confidence index or diffusion index is computed as the percentage share of respondents that answered in the affirmative less the percentage share of respondents that answered negative in a given indicator. A positive CI indicates that respondents with a favorable view outnumber those with an unfavorable view, except for unemployment, change in prices and interest rate for borrowing money, where a positive CI indicates the opposite.
The preliminary data is revised in the report for the next quarter.
