Portugal: Economic sentiment hits highest reading in a year in April
Economic sentiment came in at 101.3 in April, up from March’s 100.8. April’s result marked the strongest sentiment since April 2023. Consequently, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected improved sentiment in the construction sector and among consumers. Moreover, confidence in the retail sector increased in the surveyed month. That said, services and industrial sector sentiment deteriorated.
Referring to indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index decreased in April.