Portugal Economic Sentiment

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Portugal: Consumer confidence improves while economic climate deteriorates in December

December 29, 2015

The consumer confidence index rose from minus 17.3 points in November to minus 11.8 points in December, marking a three-month high. According to the Statistical Institute, the increase in consumer confidence reflected improvements in all components of the index, with the exception of households’ view of the future economic situation. Conversely, future employment perspectives recorded the most significant improvement.

The economic climate indicator remained in optimistic territory, although it deteriorated from November’s 0.9 points to a nine-month low of 0.7 points in December.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 2.4% in 2016, which is up 0.1 percentage points from last month’s estimate. For 2017, the panel expects private consumption to increase 1.8%. Panelists expect fixed investment to increase 4.5% in 2016, which is up 0.3 percentage points from last month’s estimate. The panel sees fixed investment expanding 3.1% in 2017.


Author:, Economist

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Portugal Economic Sentiment December 2015

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


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