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.