Money in Portugal
Portugal - MoneyThe 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
|Money (annual variation in %)||0.9||4.4||8.9||8.0||8.1|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.45||-1.90 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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February 14, 2020
According to preliminary estimates released by the country’s Statistical Institute (INE) on 14 February, GDP grew 0.6% in quarter-on-quarter, seasonally-adjusted terms in the fourth quarter, up slightly from the third quarter’s revised 0.4% expansion (previously reported: +0.3%).
January 31, 2020
Consumer sentiment weakened further in January, with the consumer confidence index inching down to minus 8.4 points from minus 8.3 points in December.
January 30, 2020
Industrial production jumped 3.3% higher in December over the same month of the previous year, following a revised 0.4% rise in November (previously reported: +0.2% year-on-year) and marking the strongest expansion in two years.
January 2, 2020
Consumer sentiment slumped in December, with the consumer confidence index slipping to minus 8.3 points from minus 6.9 points in November.
December 30, 2019
Industrial production inched up 0.2% in November over the same month of the previous year, following a revised 2.3% year-on-year drop in October (previously reported: -2.4% year-on-year).