Portugal: Business and consumer sentiment deteriorate in November
November 27, 2020
Consumer sentiment fell to minus 29.6 in November, from minus 24.6 in October. Consumers felt slightly less pessimistic on their past financial situation. However, consumers’ expectations regarding both their future financial situation and the future of the economy deteriorated. Moreover, they became gloomier regarding important purchases over the next twelve months.
The economic climate indicator slipped to minus 0.1 in November, from 0.0 in October, as companies in the manufacturing, construction and trade sectors became slightly more pessimistic. However, businesses in the service sector became less gloomy.
Author: Frederico Teixeira de Abreu, Junior Economist