Money in Portugal

Portugal Money | Economic News & Forecasts

Portugal - Money

After a rebound in Q2, activity lost steam in sequential terms in Q3 amid slumping fixed investment. More positively, despite slowing down, private spending still grew robustly amid a swift inoculation campaign. Meanwhile, rebounding exports, bolstered by increased tourism activity, also supported the quarter’s reading. Moving on to Q4, available data points to upbeat activity, with the Bank of Portugal’s daily economic activity indicator slightly above Q3’s levels up to mid-December. That said, the indicator points to a rapid deterioration towards the end of the quarter amid a worsening health situation, with slightly tighter restrictions in place from 1 December. Moreover, high electricity prices have hurt industrial production in October–November. In other news, the government has announced tougher restrictions from 25 December, which will dent activity somewhat at the outset of the new year.

Portugal - Money Data

2015   2016   2017   2018   2019  
Money (annual variation in %)4.4  8.9  8.0  8.1  6.5  

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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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