Money in Portugal

Portugal Money | Economic News & Forecasts

Portugal - Money

The economy looks to have grown at a moderate pace in the final quarter of 2019, although likely continued to outstrip the Eurozone average nonetheless. Industrial production rebounded in November–December—driven by an improving manufacturing sector—with turnover expanding for the first time since May 2019. Furthermore, merchandise exports accelerated in October–November, propelled by healthy intra-EU trade, while tourist arrivals continued to increase robustly in the same period. That said, tepid retail sales growth amid a slackening labor market, a reduction in household credit growth, and more downbeat consumer confidence in December all suggested private consumption faltered in the quarter. In other news, the government’s prospective 2020 budget was approved by Parliament on 10 January. It projects a small fiscal surplus of 0.1% for the year, which the majority of our panelists see as mildly optimistic.

Portugal - Money Data

2014   2015   2016   2017   2018  
Money (annual variation in %)0.9  4.4  8.9  8.0  8.1  

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Portugal Facts

Value Change Date
Bond Yield0.45-1.90 %Jan 01
Exchange Rate1.120.65 %Dec 31

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