Portugal: Consumer confidence and economic climate indicator worsen
January 5, 2015
The consumer confidence index fell from minus 21.4 points in November to minus 23.5 points in December, which marked the lowest reading in four months. According to the Statistical Institute, the deterioration in consumer confidence was driven mainly by a worsening in consumers’ expectations regarding the country’s economic situation and their personal savings over the next year.
The economic climate indicator fell to 0.3 in December, from November’s 0.5 figure. The result marked the lowest reading in seven months. Despite the decrease, the indicator still remains in optimistic territory.