The economic climate indicator in Portugal edged up to 2.2 in January of 2020 from 2.1 in December. Confidence improved slightly among retailers (2 from 1.6) and both manufacturers (-3.4 from -4.3) and constructors (-9.3 from -11.6) were slightly less pessimistic. On the other hand, confidence fell for service providers (8.2 from 10.1). Portugal Business Confidence - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Business Confidence in Portugal averaged 1.69 points from 1989 until 2020, reaching an all time high of 5.10 points in March of 1989 and a record low of -4 points in November of 2012. This page provides the latest reported value for - Portugal Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Business Confidence in Portugal is expected to be 1.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Portugal to stand at 1.80 in 12 months time. In the long-term, the Portugal Business Confidence is projected to trend around 1.80 points in 2021 and 1.60 points in 2022, according to our econometric models.


Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Portugal Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.10 5.10 -4.00 1989 - 2020 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-10-30 09:30 AM Business Confidence Oct 2.1 2.2 2.1
2019-11-28 09:30 AM Business Confidence Nov 2.1 2.1 2.2
2020-01-02 11:00 AM Business Confidence Dec 2.1 2.1 1.5
2020-01-30 09:30 AM Business confidence Jan 2.2 2.1 2
2020-02-27 09:30 AM Business confidence Feb 2.2 2
2020-03-30 09:30 AM Business confidence Mar 1.9
2020-04-29 08:30 AM Business Confidence Apr
2020-05-28 08:30 AM Business Confidence May


News Stream
Portugal Business Confidence Rises Slightly in January
The economic climate indicator in Portugal edged up to 2.2 in January of 2020 from 2.1 in December. Confidence improved slightly among retailers (2 from 1.6) and both manufacturers (-3.4 from -4.3) and constructors (-9.3 from -11.6) were slightly less pessimistic. On the other hand, confidence fell for service providers (8.2 from 10.1).
2020-01-30
Portugal Business Confidence Remains Weak
The economic climate indicator in Portugal came in at 2.1 in December of 2019, the same as in each of the previous two months and remaining at levels not seen since March 2017. Confidence deteriorated among retailers (1.6 from 2.2 in November) and service providers (10.1 from 11.4) while both manufacturers (-4.3 from -4.4) and constructors (-11.6 from -11.9) were slightly less pessimistic.
2020-01-02
Portugal Business Morale Steady at Near 3-Year Low
The economic climate indicator in Portugal came in at 2.1 in November 2019, unchanged from the previous month and the lowest since March 2017. Confidence deteriorated among manufacturers (-4.4 vs -4.2 in October) and constructors (-11.9 vs -11.7) while it improved among retailers (2.2 vs 1.8) and service providers (11.4 vs 10.4).
2019-11-28
Portugal Business Morale Lowest since 2017
The economic climate indicator in Portugal continued to decrease to 2.1 in October 2019, the lowest since March 2017, from 2.2 in the previous month. Confidence deteriorated among manufacturers (-4.2 from -4.1 in September) and wholesalers & retailers (1.8 from 2.6) while it improved for service providers (10.4 from 9.9) and constructors (-11.7 from -12.7).
2019-10-30

Portugal Business Confidence
In Portugal, the National Statistics Institute (INE) economic climate indicator on three terms moving averages is calculated in order to receive a timely composite indicator for the several sectors of economic activity. It is estimated using balances of questions from the Manufacturing Industry (1179 companies), Trade (1102 companies), Construction and Public Works (822 companies) and Services (1427 companies) surveys. The calculation is based on the factor analysis and the estimated series (the common component) is calibrated using the GDP change rates. The use of moving averages smooths out the series by removing the irregular movements, allowing the detection of the short-term trends.