Portugal Economic Sentiment

Portugal

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

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 Chart


Portugal Economic Sentiment February 2015

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


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