Interest Rate in Portugal
Portugal - Interest RateThe economy seems to have sustained momentum in the second quarter. A faster upturn in retail sales, on average, in April–May signals a pick-up in private consumption growth amid less downbeat confidence among households in the quarter. In the same two months, construction activity gained traction, while the contraction of the industrial sector eased, mainly on a rebound in mining. Meanwhile, export growth was up in April–May, chiefly on sales of transportation equipment, parts and accessories. On the downside, tourism activity slowed in May and is set to weaken further if fuel-tanker drivers go on strike during the peak holiday season in August as has been threatened, while fuel shortages will disrupt wider economic activity. In addition, there are signs that the labor market has maxed out, with the unemployment rate creeping up and employment growth slipping, which could thus curb consumption spending.
Portugal - Interest Rate Data
|Policy Interest Rate (%)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Portugal Interest Rate Chart
Source: European Central Bank.
|Bond Yield||0.35||-1.90 %||Jul 31|
|Exchange Rate||1.11||0.65 %||Jul 31|
|Stock Market||5,011||-0.02 %||Jul 31|
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August 14, 2019
According to preliminary estimates released by the Statistical Institute (INE) on 14 August, the economy grew 0.5% in quarter-on-quarter, seasonally-adjusted terms in Q2, matching the previous quarter’s print.
July 30, 2019
Consumers were less downbeat in July compared to June, with the consumer confidence index climbing to minus 6.4 points from minus 8.4 points in June, marking the best reading since October 2018.
July 30, 2019
The industrial sector slumped sharply in June, with the rate of decline deteriorating from May.
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.