Interest Rate in Portugal
Portugal - Interest RateExternal headwinds weighed on the economy’s performance in the third quarter, with quarter-on-quarter GDP growth slipping to an over three-year low. Merchandise export growth remained lackluster in Q3, underpinned by reduced sales of fuels and lubricants—the country’s top export goods. Weak external demand has also dented industrial production, which contracted at the sharpest pace since late 2012. Domestic demand, however, improved in Q3, according to the preliminary estimate. Higher imports of capital goods in the quarter suggest fixed investment fueled the upturn, while a fall in retail sales growth signals private consumption lost steam. Meanwhile, on the political front, Prime Minister António Costa’s minority government, which was sworn in on 26 October, has opted to govern alone and try to win majority support from other parties on a bill-by-bill basis. While the party has more seats than the previous legislature, the strategy raises the risks of instability.
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||0.43||-1.90 %||Nov 21|
|Exchange Rate||1.11||0.65 %||Nov 21|
|Stock Market||5,173||-0.02 %||Nov 21|
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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.
November 15, 2019
The center-left Socialist Party (PS) led by Prime Minister António Costa has decided not to renew a formal pact with the Left Bloc and the Communist Party that propped up his previous administration over the last four years, although the overall policy direction is set to remain constant.
Portugal: Economic growth slumps to an over three-year low in Q3 amid a challenging external backdrop
November 14, 2019
According to preliminary estimates released by the country’s Statistical Institute (INE) on 14 November, GDP grew 0.3% in quarter-on-quarter, seasonally-adjusted terms in the third quarter, half that of the second quarter’s 0.6% expansion and marking the weakest expansion since Q2 2016.
October 30, 2019
Consumers turned less downbeat in October, with the consumer confidence index climbing to minus 6.6 points from minus 7.2 points in September.
October 30, 2019
Industrial production continued to fall in annual terms in September and at largely the same rate as the previous month (September: -5.2% year-on-year; August: -5.3% yoy).