The November consumer confidence index improved to minus 59.8 points from minus 61.1 points in October, when it reached the lowest level since records began. At the current level, consumer sentiment is 1.6 points below the levels observed in the same month last year. Consumers were slightly less pessimistic about their financial situation as well as the national outlook in the next 12 months. In addition, a lower number of respondents expected a higher unemployment rate. Meanwhile, the economic climate indicator fell from minus 4.6 points in October to minus 5.0 points in November, the lowest level on record. The decrease came on the back of deteriorations in most sectors, which does not bode well for economic activity in the near term.
Portugal Economic Sentiment
Economic climate drops to record low
November 29, 2012
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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.