In March, the consumer confidence index fell to minus 31.3 points. The print came in below the minus 28.7 points tallied in February, which had marked the highest level since October 2009. According to the statistical institute, the drop in consumer confidence was mainly driven by a more pessimistic assessment of the country's economic situation and deteriorating job prospects. Conversely, households' views on their personal financial situations improved in March. FocusEconomics Consensus Forecast panelists expect private consumption to expand 0.5% in 2014, which is up 0.3 percentage points from last month's estimate. For 2015, the panel expects private consumption to increase 0.9%. The economic climate indicator improved in March, increasing from minus 0.6 points in February to minus 0.3 points. March's print marks the highest level since October 2010. Despite the improvement seen in recent months, economic sentiment remains weak, which does not bode well for economic activity in the near term. FocusEconomics Consensus Forecast panelists expect fixed investment to increase 1.3% in 2014, which is up 0.6 percentage points from last month's estimate. For 2015, the panel sees fixed investment expanding 2.2%.
Portugal Economic Sentiment
Economic climate improves further in March, but consumer confidence falls
March 28, 2014
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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.