Portugal Economic Sentiment April 2022

Portugal

Portugal: Consumer sentiment and economic climate improve marginally in April

April 28, 2022

Consumer confidence improved to minus 32.9 in April, up from minus 34.1 in March. The print came amid lower pessimism among households regarding both the future evolution of the country’s economic situation and households’ financial situation in the coming 12 months.

Meanwhile, the three-month moving average of the economic climate indicator ticked up to 2.2 in April, from March’s 2.1. Looking at the details, sentiment among firms in the manufacturing, trade and services sectors improved. Contrastingly, firms in the construction sector became more pessimistic.

FocusEconomics panelists see private consumption climbing 4.4% in 2022, which is down 0.1 percentage points from last month’s forecast. In 2023 private consumption is seen growing 2.1%. Panelists project fixed investment to expand 3.4% in 2022, which is down 1.3 percentage points from last month’s forecast. In 2023 they see it growing 4.4%.


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