Unemployment in Portugal
Portugal - Unemployment
Soaring fixed investment growth fueled the first-quarter’s slight upturn, countering weaker expansions in public and private consumption and a deterioration in net exports. This momentum seems to have been sustained going into Q2. Tourism activity accelerated in April and the contraction of industry eased on a rebound in manufacturing. Moreover, retail sales growth was up in April amid less downbeat consumer confidence and reduced inflationary pressures; the gains could be short-lived, however, as sentiment among households soured in May. In other news, Fitch Ratings upgraded the outlook on the country’s credit rating from stable to positive on 24 May, on expectations of a continued improvement in debt dynamics. Later in the month, Portugal carried out its first ever sovereign debt sale in China’s bond market as it seeks to diversify sources of financing.Portugal - Unemployment Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Unemployment Rate | 16.5 | 14.1 | 12.7 | 11.2 | 9.0 |
Portugal Unemployment Chart
Source: Statistics Portugal (INE).
Portugal Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.57 | -1.90 % | Jul 11 |
| Exchange Rate | 1.13 | 0.65 % | Jul 11 |
| Stock Market | 5,186 | -0.02 % | Jul 11 |
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Economic News
Portugal: Contraction of industrial sector moderates in May
July 1, 2019
The industrial sector showed improvement in May, with the rate of decline easing compared to April.
Portugal: Consumer confidence improves in June, along with economic sentiment
June 27, 2019
Consumers turned slightly more optimistic in June, with the consumer confidence index rising to minus 8.4 points from minus 9.0 points in May.
Portugal: Economy picks up slightly in Q1
May 31, 2019
Detailed national accounts released on 31 May confirmed that the economy grew 0.5% in quarter-on-quarter, seasonally-adjusted terms in Q1 2019 (Q4 2018: +0.4% quarter-on-quarter).
Portugal: Contraction of industrial sector eases in April
May 30, 2019
The industrial sector showed improvements at the start of the second quarter, with the rate of decline easing notably in April.
Portugal: Consumer confidence slips in May, along with economic sentiment
May 28, 2019
Consumers became more pessimistic in May, with the consumer confidence index sliding to minus 9.0 points, down from minus 7.3 points in April.
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