Portugal Economic Sentiment

Portugal

Portugal: Consumer confidence and economic climate improve in March

March 30, 2015

The consumer confidence index rose from minus 19.4 points in February to minus 17.5 points in March, marking the highest reading since April 2002 and prolonging the upward trend that has been observed since the beginning of 2013. According to the Statistical Institute, the rise in consumer confidence reflected improvements in all the sub-components that comprise the index. Consumers were particularly more optimistic regarding their opportunities to purchase durable goods and the evolution of their own financial situations in the last 12 months. Households’ expectations regarding the outlook of the country’s economic situation also improved markedly compared to the previous month.

The economic climate indicator remained in optimistic territory and inched up from 0.3 in February to 0.6 in March, which marked the highest print since July 2008.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.4% in 2015, which is up 0.3 percentage points from last month’s estimate. For 2016, the panel expects private consumption to increase 1.4%. Panelists expect fixed investment to increase 2.4% in 2015, which is down 0.3 percentage points from last month’s estimate. The panel sees fixed investment expanding 2.9% in 2016.


Author:, Economist

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Portugal Economic Sentiment March 2015

Note: Consumer Confidence and Economic Climate indicators.
Source: Statistics Portugal (INE).


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