Portugal: Consumer confidence steadily pessimistic in August
Consumer confidence came in at minus 31.1 in August, matching July’s reading. Pessimistic perspectives on future big ticket purchases offset improvements in households’ views about their own and the country’s economic situations.
Meanwhile, the three-month moving average of the economic climate indicator came in at 1.7 in August, below 1.8 in July. Looking at the details of the print, only the service sector registered an improvement in sentiment; confidence indicators worsened in manufacturing, trade and construction.
Consumer confidence came in at minus 31.1 in August, matching July’s reading. Pessimistic perspectives on future big ticket purchases offset improvements in households’ views about their own and the country’s economic situations.
Meanwhile, the three-month moving average of the economic climate indicator came in at 1.7 in August, below 1.8 in July. Looking at the details of the print, only the service sector registered an improvement in sentiment; confidence indicators worsened in manufacturing, trade and construction.