Exchange Rate in Portugal
Portugal - Exchange RateEconomic growth halved in the third quarter from the second quarter’s export-driven expansion, owing to a weaker showing from the external sector overriding stronger domestic demand. In particular, exports contracted, likely due to the Eurozone’s broad-based slowdown. Going into the fourth quarter, the picture remains downbeat as the number of tourists from overseas slipped towards the end of the January–October period, marking the first cumulative drop following years of record growth. This likely overrode gains made in private spending in October, boosted by lower inflationary and brighter consumer confidence. On 29 November, parliament passed the 2019 budget that aims to slash the deficit to a record-low of 0.2% of GDP. Moreover, Prime Minister Antonio Costa announced that the government’s fiscal consolidation drive will enable early repayment of the outstanding bailout funds lent by the IMF by year-end.
Portugal - Exchange Rate Data
|Exchange Rate (vs USD)||1.38||1.21||1.09||1.05||1.20|
5 years of economic forecasts for more than 30 economic indicators.
Portugal Exchange Rate Chart
Source: Thomson Reuters.
|Bond Yield||1.69||-1.90 %||Jan 14|
|Exchange Rate||1.15||0.65 %||Jan 14|
|Stock Market||4,951||-0.02 %||Jan 14|
Get a sample report showing our regional, country and commodities data and analysis.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
November 30, 2018
Portugal’s industrial sector contracted for the sixth consecutive month in October, with output declining 0.3% year-on-year, matching revised September’s reading (previously reported: -0.1% year-on-year).
November 30, 2018
Detailed national accounts data, released by the Statistical Institute on 30 November, confirmed that the economy decelerated in the third quarter due to a contraction in exports amid a wider cooling in the Eurozone.
November 29, 2018
According to the National Statistics Institute’s (INE) survey of consumer sentiment released on 29 November, consumer confidence deteriorated markedly in November, tumbling to minus 3.4 points from minus 0.4 points in October.
November 14, 2018
According to a flash GDP estimate released by the National Statistical Institute (INE) on 14 November, the economy lost pace in the third quarter, with economic growth in quarter-on-quarter, seasonally-adjusted terms weakening to 0.3% from an 0.6% expansion in the second quarter.
October 30, 2018
The performance of the industrial sector improved year-on-year in September, following a notable contraction in August.