Portugal Economic Sentiment


Consumer confidence decreases slightly while economic climate inches up in July

The consumer confidence index inched down from minus 18.4 points in June to minus 18.5 points in July. According to the Statistical Institute, the decrease in consumer confidence reflected households’ more pessimistic view of the general economic situation in the country over the next 12 months. However, households’ views on their savings perspectives, unemployment perspectives and their financial situation over the next 12 months improved in July.

The economic climate indicator remained in optimistic territory and inched up from 1.3 in June to 1.4 in July, which marked the highest print since May 2008.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.4% in 2015, which is up 0.3 percentage points from last month’s estimate. For 2016, the panel expects private consumption to increase 1.4%. Panelists expect fixed investment to increase 2.4% in 2015, which is down 0.3 percentage points from last month’s estimate. The panel sees fixed investment expanding 2.9% in 2016.

Author:, Economist

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Portugal Economic Sentiment Chart

Portugal Economic Sentiment July 2015 0

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

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