Portugal: Consumer confidence and economic climate inch up in February
February 27, 2015
The consumer confidence index rose from minus 20.8 points in January to minus 19.4 points in February, which marked the highest reading since April 2002. According to the Statistical Institute, the rise in consumer confidence was driven by consumers’ more optimistic views regarding their own financial situations, the evolution of their savings and the country’s economic situation. Conversely, households’ expectations regarding the outlook on unemployment deteriorated compared to the previous month.
The economic climate indicator remained in optimistic territory and inched up from 0.3 in January to 0.4 in February, marking the highest reading since November 2014
Author: Cecilia Simkievich, Economist