Current Account in Portugal
Portugal - Current AccountSoaring fixed investment growth fueled the first-quarter’s slight upturn, countering weaker expansions in public and private consumption and a deterioration in net exports. This momentum seems to have been sustained going into Q2. Tourism activity accelerated in April and the contraction of industry eased on a rebound in manufacturing. Moreover, retail sales growth was up in April amid less downbeat consumer confidence and reduced inflationary pressures; the gains could be short-lived, however, as sentiment among households soured in May. In other news, Fitch Ratings upgraded the outlook on the country’s credit rating from stable to positive on 24 May, on expectations of a continued improvement in debt dynamics. Later in the month, Portugal carried out its first ever sovereign debt sale in China’s bond market as it seeks to diversify sources of financing.
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||0.57||-1.90 %||Jul 11|
|Exchange Rate||1.13||0.65 %||Jul 11|
|Stock Market||5,186||-0.02 %||Jul 11|
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July 1, 2019
The industrial sector showed improvement in May, with the rate of decline easing compared to April.
June 27, 2019
Consumers turned slightly more optimistic in June, with the consumer confidence index rising to minus 8.4 points from minus 9.0 points in May.
May 31, 2019
Detailed national accounts released on 31 May confirmed that the economy grew 0.5% in quarter-on-quarter, seasonally-adjusted terms in Q1 2019 (Q4 2018: +0.4% quarter-on-quarter).
May 30, 2019
The industrial sector showed improvements at the start of the second quarter, with the rate of decline easing notably in April.
May 28, 2019
Consumers became more pessimistic in May, with the consumer confidence index sliding to minus 9.0 points, down from minus 7.3 points in April.