Portugal Economic Sentiment

Portugal

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.

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 April 2015

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


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