Portugal: Economic sentiment drops in October
Latest reading: Economic sentiment dropped to 104.4 in October, following September’s 105.0. Still, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
In October, sentiment worsened in the industrial sector (-5.5 vs -3.5 in September) and the services sector (+7.9 vs +8.8 in September). In contrast, sentiment improved in the construction sector (+3.4 vs +2.4 in September), the retail sector (+4.8 vs +3.5 in September) and among consumers (-13.3 vs -17.1 in September).