Portugal Economic Sentiment January 2016

Portugal

Portugal: Consumer confidence reached multi-year high while economic climate deteriorates in January

January 28, 2016

The consumer confidence index rose from minus 11.8 points in December to minus 8.8 points in January, marking a multi-year high. According to the Statistical Institute, the increase in consumer confidence reflected improvements in all components of the index, with households’ view of the future general economic situation recording the most significant rise.

The economic climate indicator remained in optimistic territory, although it did deteriorate from December’s 0.7 points to an 11-month low of 0.6 points in January.

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 January 2016

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


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