Exports in Portugal
Portugal - ExportsAfter Q1’s surprisingly positive GDP figures, growth appears to be normalizing in Q2. In April, consumer sentiment remained quite downbeat due to the war in Ukraine, while inflation continued to spike, which is likely to weigh on consumer spending. On the other hand, business confidence ticked up in April, while the tourism sector performed robustly during the same month. The stronger-than-expected recovery, coupled with a degree of public spending restraint, led Fitch Ratings to revise the country’s outlook from stable to positive in early May, while the finance minister vowed to reduce the public debt at a faster pace to help ensure financial stability. The European Commission recently drew attention to upward pressure on public spending stemming from the country’s sizeable public sector wage bill, while the IMF has called for measures to bolster pension sustainability.
Portugal - Exports Data
|Exports (USD billion)||55.1||55.3||62.0||68.4||67.1|
5 years of economic forecasts for more than 30 economic indicators.
Portugal Exports 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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December 2, 2022
Industrial output slid 2.0% year on year in seasonally adjusted terms in October (September: +0.3% s.a.
November 30, 2022
GDP growth improved to 0.4% on a seasonally adjusted quarter-on-quarter basis in the third quarter, from 0.1% in the second quarter.
November 29, 2022
Consumer confidence fell to minus 38.7 in November from October's minus 38.6.
November 17, 2022
Harmonized inflation came in at 10.6% in October, up from September’s 9.8%.
October 31, 2022
Industrial output rose 0.9% year on year in seasonally-adjusted terms in September, which was a deterioration from August's 5.4% increase.