Unemployment in Portugal
Portugal - Unemployment
Growth crept up in Q4 2018 to conclude a solid year of economic growth, although more moderate than that of 2017. The pick-up was owing to the external sector’s less severe drag on growth compared to Q3. Despite slowing global growth and geopolitical uncertainty, FDI was likely robust in the year and continued to support the country’s export-oriented sectors. Going into 2019, prospects appear dimmer. In January, consumer confidence slid to a nearly two-year low, while the economic climate indicator also inched down amid growing concerns over the Eurozone’s broad-based slowdown. On the political front, the Socialist party is currently leading polls ahead of the 6 October general election. However, the effects of chronic underinvestment in public services, along with the recent resurgence of protests by public sector workers, raise uncertainties over the outcome of the vote.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 | 1.31 | -1.90 % | Mar 11 |
| Exchange Rate | 1.12 | 0.65 % | Mar 11 |
| Stock Market | 5,184 | -0.02 % | Mar 11 |
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Economic News
Portugal: Industrial sector contracts at sharper pace in January
March 1, 2019
Portugal’s industrial sector contracted at a sharper pace in January amid a broad-based slowdown in the Eurozone, marking the third consecutive month of decline.
Portugal: Economic growth rises marginally in fourth quarter of 2018
February 28, 2019
Detailed national accounts data, released by the Statistical Institute on 28 February, confirmed that the economy picked up slightly in the final quarter of 2018.
Portugal: Consumer confidence continues to tumble, while economic sentiment sees marginal improvement
February 27, 2019
According to the National Statistics Institute’s (INE) survey of consumer sentiment released on 27 February, consumer confidence deteriorated for the fifth consecutive month in February.
Portugal: Economy picks up in Q4 2018
February 14, 2019
According to a flash GDP estimate released by the National Statistical Institute (INE) on 14 February, the economy picked up in the final quarter of last year, with economic growth in quarter-on-quarter, seasonally-adjusted terms inching up to 0.4% from a 0.3% expansion in the third quarter.
Portugal: Contraction of industrial sector eases in December
January 30, 2019
Portugal’s industrial output fell for the eighth consecutive month in December, although the rate of contraction eased markedly.
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