Portugal: Economic climate and consumer confidence continue to improve in May
May 28, 2014
The consumer confidence index increased from minus 30.9 points in April to minus 26.1 points in May, which marked the highest level since October 2009. According to the statistical institute, the improvement in consumer confidence was mainly driven by a more optimistic assessment of the country’s economic situation and households’ views on their personal financial situations, which continued on the improvement tallied in April.
The economic climate indicator also improved in May, increasing from minus 0.2 points in April to plus 0.1 points. As a result, the indicator, which now sits at the highest level since September 2010, has entered optimistic territory.