Portugal: Economic sentiment stable in June
Economic sentiment came in at 101.0 in June, matching May’s reading. As a result, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
On the one hand, sentiment among consumers and in the industrial and construction sectors improved, as did confidence in the retail sector. On the other hand, confidence in the services sector softened in June, offsetting the improvements.
Considering indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index decreased in June.