Current Account in Portugal
Portugal - Current AccountDetailed national accounts confirmed that the economy grew at the slowest pace in over three years in the third quarter. This came amid contracting exports, while government spending remained subdued. More positively, private consumption ticked up supported by mild price pressures and a tight labor market. Meanwhile, data for the fourth quarter suggests the economy continued to grow at a moderate pace. In October, tourist arrivals continued to increase, while merchandise exports grew strongly. Business and consumer sentiment, however, were still subdued relative to the values observed last year. In other news, in mid-December the government released details of its prospective 2020 budget, which projects a fiscal surplus and aims to trim public debt by continued government expenditure restraint. While the Consensus sees public debt falling further ahead, panelists still expect a small fiscal deficit for next year.
Portugal - Current Account Data
|Current Account (% of GDP)||1.6||0.1||0.1||0.6||0.5|
5 years of economic forecasts for more than 30 economic indicators.
Portugal Current Account Chart
Source: Bank of Portugal (BP).
|Bond Yield||0.45||-1.90 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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January 2, 2020
Consumer sentiment slumped in December, with the consumer confidence index slipping to minus 8.3 points from minus 6.9 points in November.
December 30, 2019
Industrial production inched up 0.2% in November over the same month of the previous year, following a revised 2.3% year-on-year drop in October (previously reported: -2.4% year-on-year).
November 29, 2019
Industrial production fell 2.4% over the same month of the previous year, following a 5.5% year-on-year drop in September.
November 29, 2019
Detailed national accounts released on 29 November confirmed that the economy grew 0.3% in quarter-on-quarter, seasonally-adjusted terms in Q3 (Q2: +0.6% qoq).
November 28, 2019
Consumers turned marginally more downbeat in November, with the consumer confidence index slipping to minus 6.9 points from minus 6.6 points in October.