Lisbon, Portugal street

Portugal Economic Sentiment May 2018

Portugal: Consumer confidence soars and economic sentiment improves in May

According to the recent survey of consumer sentiment released by the National Statistics Institute (INE) on 29 May, consumer confidence soared to 4.1 points in May from 3.0 points in April. It moved further up from the critical zero-point threshold that separates optimism from pessimism; the indicator has been in optimistic territory for more than one year now. The surge in optimism reflected an across-the-board improvement in all components underpinning the headline. Optimism among consumers regarding their personal financial situation over the next 12 months, the general economic situation over this time frame, and consumers’ perceptions over the unemployment situation in the coming year were all more upbeat.

The overall economic climate indicator edged up to 2.3 points in May from 2.1 points in April. Business sentiment in the manufacturing sector deteriorated again, due to reduced demand and a more moderated outlook on production. The construction and public works sector was less pessimistic as the outlook on current order books was more downbeat. On the other hand, sentiment in the trade and services sector was more upbeat, owing to improved outlooks on wholesale and retail trade. Furthermore, there was slightly more optimism in the services sector as the business situation and demand over the next three months perked up.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest