Portugal: Business sentiment improves, consumer confidence deteriorates in September
September 28, 2020
Consumer sentiment fell to minus 26.6 in September, from minus 25.3 in August. Consumers felt slightly more pessimistic on their past and future financial situation as well as on the future of the economy. However, they became less gloomier regarding important purchases for the next twelve months.
The economic climate indicator ticked up to reach minus 0.5 in September, from minus 1.3 in August, as all sectors became less pessimistic, notably the services sector.
Author: Frederico Teixeira de Abreu, Junior Economist