Portugal: Consumer confidence picks up but remains pessimistic in April
Consumer confidence came in at minus 30.2 in April, up from March’s minus 32.3. April’s result marked the best reading since May 2022.
April’s uptick was driven by improvements on households’ views about their financial situation and the country’s over the next 12 months. That said, consumers became less likely to purchase big-ticket items in the same time horizon.
Meanwhile, the three-month moving average of the economic climate indicator came in at 2.3 in April, above 2.0 in March.