Portugal Economic Sentiment July 2016


Confidence indicators edge up in July

The survey of consumer sentiment elaborated by the National Statistical Institute showed that the consumer confidence index inched up from minus 13.9 points in June to minus 13.1 points in July. According to the Institute, July’s mild increase reflected households’ less pessimistic views regarding their financial expectations for the next 12 months. The survey showed that consumers were more downbeat regarding the country’s economic prospects in the coming 12 months, although households were slightly more optimistic regarding employment prospects than in the previous month.

The Institute’s overall economic climate indicator inched up from 1.2 points in June to 1.3 points in July and thus reached its highest point since September 2015. The mild improvement showed that, along with an increase in consumer confidence, economic sentiment among Portuguese businesses, particularly in the manufacturing, construction and trade sectors, had improved over the previous month.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 2.0% in 2016, which is down 0.1 percentage points from last month’s estimate. For 2017, the panel expects private consumption to increase 1.6%. Panelists growth expect fixed investment to remain flat in 2016, which is down 0.5 percentage points from last month’s estimate. The panel sees fixed investment expanding 2.9% in 2017.

Sample Report

Looking for forecasts related to Economic Sentiment in Portugal? Download a sample report now.


Portugal Economic Sentiment Chart

Portugal Economic Sentiment July 2016

Note: Consumer Confidence and Economic Climate indicators.
Source: Statistics Portugal (INE).

Portugal Economic News

More news

Search form