Easing inflation, strong retail to fuel consumer credit growth — TransUnion

TransUnion, the country’s first private credit reference agency and a global insights provider, projects continued momentum in the Philippine consumer credit market, driven by a resilient macroeconomic environment and rising household consumption.

As inflation falls and consumer confidence grows, both borrowers and lenders are expected to benefit—especially those previously unserved or underserved by traditional credit systems.

According to the Philippine Statistics Authority (PSA), the country’s gross domestic product (GDP) expanded by 5.4 percent year-over-year (YoY) in the first quarter of 2025. Growth was primarily supported by strong performances in wholesale and retail trade, financial services, manufacturing, and vehicle repair.