Portugal Economic Sentiment

Portugal

Portugal: Consumer confidence improves, economic climate stabilizes in September

September 29, 2014

The consumer confidence index increased from minus 26.6 points in August to minus 23.2 points in September, which marked the highest reading since October 2006. According to the statistical institute, the improvement in consumer confidence was driven by consumers’ expectations regarding the country’s economic situation and their perspectives on savings over the next year.

The economic climate indicator stabilized in September at August’s 0.7 figure, which had marked the highest level since July 2008. Consequently, the indicator remains in optimistic territory.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.1% in 2014, which is up 0.2 percentage points from last month’s estimate. For 2015, the panel expects private consumption to increase 1.0%. Panelists expect fixed investment to increase 2.6% in 2014, which is up 0.7 percentage points from last month’s estimate. The panel sees fixed investment expanding 3.2% in 2015.


Author: Angela Bouzanis, Senior Economist

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Portugal Economic Sentiment September 2014

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


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