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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PhilippinesPhilippines Consumer Confidence climbed to -29.8% in July 2026
FMPMonthlyReleased September 2026
Philippines Consumer Confidence climbed to -29.8% in July 2026, released September 2026, up 12.2% from June's -42.0% reading. The print came in hotter than the -40.0% consensus, a hotter print than forecasters anticipated. The print is running well below the 12-month average of -18.64%.
Latest Release
-29.8
Actual
-40
Consensus
-42
Previous
Median Absolute Error
±7.2 percentage points
across last 11 releases
Last Call
Sep 2026
Predicted: -40
Actual: -29.8
Error: -10.2
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Consumer Confidence (Philippines) was reported at -29.8% in September 2026. This beat the market consensus of -40% by 10.2%. The reading rose from the previous value of -42%. Trailing 12-month context per ETL data through September 2026.
WHY IT MATTERS
The trailing three releases averaged -31.33%, down from the prior three at -12.27%. In September readings over the past 3 years, Consumer Confidence has averaged -18.4%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 11 releases, the Sigmacast model's median absolute error is 7.2%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Inflation Rate YoY (Nov 5) and Inflation Rate YoY (Nov 5).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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Consumer Confidence - PH
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About Consumer Confidence — Philippines
DEFINITION
Index The Consumer Confidence Index is a widely recognized financial indicator that measures the level of optimism or pessimism among consumers regarding the state of the economy. It is based on surveys and data collected from a representative sample of households, and is used by economists and investors to gauge consumer spending patterns and overall economic health. A higher index value indicates a positive outlook, while a lower value suggests a more negative sentiment. This index is a valuable tool for businesses and policymakers in making informed decisions and predicting future economic trends.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual -29.8 %, consensus -40 %. Prior reading (Apr 2026): -42 %. Before that (Jan 2026): -15.8 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.
Σ
EXPECTED ZONE
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Economic Calendar - PH Events
| Monday, November 2, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 00:30 | PH | S&P Global Manufacturing PMI | 49.6 | 50.3 | 50.60 | Low | |
| Thursday, November 5, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 01:00 | PH | Inflation Rate MoM | 1 | 0.2 | 0.15 | Low | |
| 01:00 | PH | Core Inflation Rate YoY | 4.7 | 4.4 | 4.45 | Low | |
| 01:00 | PH | Inflation Rate YoY | 7.2 | 7.3 | 7.25 | Medium | |
| 01:10 | PH | Inflation Rate MoM | 1 | 0.2 | 0.15 | Low | |
| 01:10 | PH | Core Inflation Rate YoY | 4.7 | 4.4 | 4.45 | Low | |
| 01:10 | PH | Inflation Rate YoY | 7.2 | 7.3 | 7.25 | Medium | |