Portugal Economic Sentiment


Portugal: Consumer confidence improves while economic climate moderates in September

September 29, 2015

The consumer confidence index rose from minus 17.3 points in August to minus 15.7 points in September, marking the highest value since May 2001. According to the Statistical Institute, the increase in consumer confidence reflected improvements in households’ savings and financial perspectives as well as households’ view on the country’s economic situation.

The economic climate indicator remained in optimistic territory, moderating from August’s 1.5 points to 1.4 points in September, which marked a three-month low.

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 Chart

Portugal Economic Sentiment September 2015

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

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