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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PhilippinesPhilippines Consumer Confidence fell to -42.0% in April 2026
FMPMonthlyReleased June 2026
Philippines Consumer Confidence fell to -42.0% in April 2026, released June 2026, down 26.2% from March's -15.8% reading. The print came in cooler than the -30.0% consensus, a softer print than forecasters anticipated. The print is running well below the 12-month average of -14.33%. Consumer Confidence is now the lowest in 60 months.
Latest Release
-42
Actual
-30
Consensus
-15.8
Previous
Median Absolute Error
±6.55 percentage points
across last 10 releases
Last Call
Jun 2026
Predicted: -30
Actual: -42
Error: +12
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 -42% in June 2026. This missed the market consensus of -30% by 12%. The reading fell from the previous value of -15.8%. Trailing 12-month context per ETL data through June 2026.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged -24.67%, down from the prior three at -12.7%. In June readings over the past 3 years, Consumer Confidence has averaged -23%.
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 10 releases, the Sigmacast model's median absolute error is 6.55%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Inflation Rate YoY (Aug 5) and Unemployment Rate (Aug 6).
Auto-generated from current model state · Refreshes on each release · Last update June 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 (Apr 2026): actual -42 %, consensus -30 %. Prior reading (Jan 2026): -15.8 %. Before that (Oct 2025): -22.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish 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, August 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 00:30 | PH | S&P Global Manufacturing PMI | 50.9 | 51.2 | 50.25 | Low | |
| Wednesday, August 5, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 01:00 | PH | Inflation Rate MoM | -0.3 | 0.2 | 1.00 | Low | |
| 01:00 | PH | Core Inflation Rate YoY | 4.4 | 4.1 | 4.30 | Low | |
| 01:00 | PH | Inflation Rate YoY | 6.4 | 6.1 | 6.95 | Medium | |
| Thursday, August 6, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 01:00 | PH | Unemployment Rate | 4.8 | 4.5 | 4.85 | Medium | |
| 01:00 | PH | Industrial Production YoY | 13.5 | 10 | 14.00 | Low | |
| Friday, August 7, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 02:00 | PH | GDP Growth Rate YoY | 2.8 | 5.2 | 5.20 | Medium | |
| 02:00 | PH | GDP Growth Rate QoQ | 0.9 | 1.4 | 1.40 | Medium | |