Portugal: Consumer confidence deteriorates while economic climate improves in April
April 29, 2015
The consumer confidence index decreased from minus 17.5 points in March to minus 21.3 points in April, marking the lowest reading since December 2014 and the first fall in four months. According to the Statistical Institute, the drop in consumer confidence reflected a deterioration in households’ savings perspective over the next 12 months and unemployment. However, households’ expectations regarding the outlook of the country’s economic situation.
The economic climate indicator remained in optimistic territory and inched up from 0.6 in March to 0.8 in April, which marked the highest print since June 2008.
Author: Eric Denis , Economist