Portugal: Consumer confidence improves, while economic climate indicator falls
November 30, 2014
The consumer confidence index increased from minus 22.2 points in October to minus 21.4 points in November, which marked the highest reading since April 2002. According to the statistical institute, the improvement in consumer confidence was driven mainly by an improvement in consumers’ expectations regarding the country’s economic situation.
The economic climate indicator fell to 0.5 in November, from October’s 0.7 figure. The result marked the lowest reading in five months. Despite the decrease, the indicator remains in optimistic territory.