Portugal: Economic sentiment eases in August
Economic sentiment fell to 100.9 in August from July’s 101.3. That said, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected improved sentiment in the industrial and construction sectors. Less positively, confidence in the services and retail sector softened in the surveyed month. Lastly, consumer sentiment weakened in August.
Relating to indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index increased in August.