Portugal Economic Outlook
January 29, 2019
The economy seemed to remain downbeat in the final quarter, following the third quarter’s marked deceleration in growth which was depressed by falling exports. The external sector continued to perform poorly amid a wider slowdown in the Eurozone, with exports contracting, on average, in the first two months of Q4. Consequently, the current account swung to deficit in the January–November period from a surplus in the same period of last year. Moreover, industrial output continued to decline in October and November. Adding to the stream of grim data, consumer confidence remained in pessimistic territory and business sentiment continued to weaken in the final quarter. Ahead of elections to be held later in the year, the government approved a 10-year National Investment Program on 10 January, which will pour EUR 20 billion into transport, energy and environmental projects.Portugal Economic Growth
Growth is expected to lose steam this year amid a broader slowdown in the Eurozone, owing to a weaker expansion in exports. A moderation in domestic demand, reflecting a downturn in the growth of both private consumption and fixed investment, is also expected to weigh on growth. With the European Central Bank set to abandon its ultra-loose monetary policy stance later in the year, tighter global financial conditions pose downside risks to the outlook. FocusEconomics panelists expect the economy to grow 1.7% in 2019, which is down 0.1 percentage points from last month’s forecast, and 1.6% in 2020.Portugal Economy Data
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Portugal Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.59 | -1.90 % | Feb 14 |
| Exchange Rate | 1.13 | 0.65 % | Feb 14 |
| Stock Market | 5,087 | -0.02 % | Feb 14 |
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Portugal Economic News
Portugal: Contraction of industrial sector eases in December
January 30, 2019
Portugal’s industrial output fell for the eighth consecutive month in December, although the rate of contraction eased markedly.
Portugal: Consumer confidence dives to nearly two-year low and economic sentiment dips again in January
January 30, 2019
According to the National Statistics Institute’s (INE) survey of consumer sentiment released on 30 January, consumer confidence continued to worsen in January, marking the fourth consecutive month of deterioration.
Portugal: Consumer confidence improves in December, while economic sentiment inches down
January 3, 2019
According to the National Statistics Institute’s (INE) survey of consumer sentiment released on 3 January, consumer confidence rose slightly in December but remained in pessimistic territory.
Portugal: Industrial sector contracts at sharper pace in November
December 28, 2018
Portugal’s industrial output contracted for the seventh consecutive month in November, declining 2.9% over the same month of the previous year.
Portugal: Economic growth loses steam in the third quarter
November 30, 2018
Detailed national accounts data, released by the Statistical Institute on 30 November, confirmed that the economy decelerated in the third quarter due to a contraction in exports amid a wider cooling in the Eurozone.
© Copyright: 2019 | Portugal Economy | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
