Trade Balance in Portugal
Portugal - Trade BalanceAfter 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 - Trade Balance Data
|Trade Balance (USD billion)||-11.9||-12.6||-16.6||-20.7||-22.8|
5 years of economic forecasts for more than 30 economic indicators.
Portugal Trade Balance Chart
Source: Bank of Portugal (BP).
|Bond Yield||0.45||-1.90 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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January 4, 2022
Consumer confidence was virtually unchanged at November’s minus 19.2 in December.
December 30, 2021
Industrial output increased 0.2% year-on-year in seasonally-adjusted terms in November (October: -6.3% s.a.
November 30, 2021
According to a preliminary estimate, GDP growth lost steam in the third quarter, falling to 2.9% on a seasonally-adjusted quarter-on-quarter basis, from 4.4% in the second quarter.
November 30, 2021
Industrial output decreased 6.7% year-on-year in seasonally-adjusted terms in October, which was a larger contraction than September's 5.6% decrease.
November 29, 2021
Consumer confidence declined to minus 19.0 in November, following October’s minus 11.0.