Portugal Economic Sentiment

Portugal

Portugal: Improvements in economic climate and consumer confidence continue in June

June 27, 2014

The consumer confidence index increased from minus 26.1 points in May to minus 25.9 points in June. According to the statistical institute, the improvement in consumer confidence was seen across-the-board and consumers’ expectations regarding future conditions in the labor market registered the strongest improvement.

The economic climate indicator also improved in June, increasing from 0.1 points in May to 0.3 points in June, which marks the highest level since September 2008. The improvements in May and June have caused the indicator to move higher into optimistic territory.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 0.5% in 2014, which is up 0.3 percentage points from last month’s estimate. For 2015, the panel expects private consumption to increase 0.9%. FocusEconomics Consensus Forecast panelists expect fixed investment to increase 1.3% in 2014, which is up 0.6 percentage points from last month’s estimate. For 2015, the panel sees fixed investment expanding 2.2%.


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Portugal Economic Sentiment June 2014

Note: Consumer Confidence and Economic Climate indicators.
Source: Statistics Portugal (INE).


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