Portugal: Consumer sentiment improves again in December; business sentiment remains unchanged
January 4, 2021
Consumer sentiment rose to minus 24.3 in December, from minus 29.6 in November. The upturn was broad-based as consumers grew less pessimistic on all fronts: households grew more positive on their future and past financial situation, while their view on the future of the economy this year improved dramatically, despite remaining in pessimistic territory.
The economic climate indicator remained stable at minus 0.1 in December, as companies in the construction, services and trade sectors grew more pessimistic. However, businesses in the manufacturing sector became less gloomy, mainly regarding current demand and stocks.
Author: Frederico Teixeira de Abreu, Junior Economist