The October consumer confidence index fell to minus 61.1 points from minus 56.0 points in September, reaching its lowest level since records began. At the current level, consumer sentiment is 5.3 points below the levels observed in the same month last year. Consumers were substantially more pessimistic about their financial situation in the next 12 months and expected higher unemployment. Meanwhile, the economic climate indicator fell from minus 4.2 points in September to minus 4.6 points in October, the lowest level in five months. The decrease came on the back of deteriorations across all sectors.
Portugal Economic Sentiment
Consumer confidence drops to record-low in October
October 30, 2012
Looking for forecasts related to Economic Sentiment in Portugal? Download a sample report now.
Portugal Economic Sentiment Chart
Note: Consumer Confidence and Economic Climate indicators.
Source: Statistics Portugal (INE).
Portugal Economic News
September 30, 2016
Portugal’s industrial production edged up in August after July’s drop.
September 29, 2016
The survey of consumer sentiment produced by the National Statistical Institute showed that the consumer confidence index inched up from minus 12.7 points in August to minus 11.3 points in September.
August 31, 2016
Portugal’s GDP increased a seasonally adjusted 0.3% in Q2 over the previous quarter, according to revised data published by the National Statistics Institute on 31 August.
August 30, 2016
Portugal’s industrial production edged down again in July after June’s rebound.
August 30, 2016
The survey of consumer sentiment produced by the National Statistical Institute showed that the consumer confidence index inched up from minus 13.1 points in July to minus 12.7 points in August.