Portugal: Economic sentiment decreases in July
Latest reading: Economic sentiment fell to 106.6 in July from June’s 107.3. 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 weaker sentiment in the construction and services sectors. That said, sentiment in the industrial and retail sectors increased. Lastly, consumer confidence strengthened in July.
Regarding indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index decreased in July.