Portugal: Business and consumer sentiment improve in August
Consumer sentiment rose to minus 25.3 in August, from July’s minus 27.1. The improvement came as households grew less downbeat about their financial situation and the general economic situation. Contrastingly, households grew less willing to make major purchases over the next 12 months.
The economic climate indicator increased to minus 1.3 in August, from minus 2.9 in July, as all sectors became less pessimistic.