Portugal: Economic sentiment records worst reading since February 2021 in September
Economic sentiment fell to 95.8 in September from August’s 96.8. September’s result marked the worst reading since February 2021. Consequently, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
Confidence in the services sector weakened in September, as did sentiment in the retail sector. On the flipsode, sentiment in the industrial and construction sectors improved.
Refering to indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index decreased in September.