Lisbon, Portugal street

Portugal Economic Sentiment July 2021

Portugal: Consumer confidence deteriorates severely in July, economic sentiment rises to over one-year high in July

Consumer sentiment deteriorated to minus 17.0 in July, from June’s minus 12.6, with the improvement likely curtailed by increasing Covid-19 activity and a partial return of restrictions in some districts. Consumers’ views on the future of the economy and both their prospective and past financial situation all deteriorated significantly.

Meanwhile, the three-month moving average of the economic climate indicator came in at 1.8 in July, up from 1.6 in June, albeit only rising due to the exclusion of April from the three-month average, as the first four months of the year were marked by a high level of Covid-19 restrictions. Notably, sentiment deteriorated slightly across all sectors in July, after most sectors improved throughout May–June.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest