Lisbon, Portugal street

Portugal Economic Sentiment September 2018

Portugal: Consumer confidence and business sentiment slip in September

According to the National Statistics Institute’s (INE) survey of consumer sentiment released on 27 September, consumer confidence deteriorated marginally and remained entrenched in negative territory. The indicator edged down from minus 1.3 points in August to minus 1.5 points in September. September’s reading largely reflected the deterioration of consumers’ outlook over the unemployment situation in the year ahead, marking the fourth consecutive month of deterioration. Moreover, households’ sentiment regarding their personal financial situation over the next year slipped, albeit slightly, compared to August. Meanwhile, households’ perception on their savings over the next twelve months improved marginally and they also turned more optimistic over the general economic situation in twelve months’ time.

The overall economic climate indicator ticked down from 2.5 in August to 2.4 in September. A breakdown of the sectors shows a deterioration of expectations in the manufacturing, services, and construction and public works sectors, and a brighter outlook in the trade industry. A more pessimistic outlook on demand for order books underpinned the fall in sentiment in manufacturing and weaker expectations regarding employment in the next three months drove the deterioration in construction and public works. In addition, firms’ less upbeat appraisal over the business situation in the past three months was behind the dip in sentiment in services. Meanwhile, the improved outlook in the trade industry came on the back of higher optimism over the business situation in three months’ time.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen