The economic climate indicator in Portugal increased to -0.5 in September of 2020 from -1.3 in the previous month. It was the highest reading since April but remains pre-pandemic levels. Sentiment improved among service providers (-27.7 vs -37.7 in August), traders (-9.7 vs -13.8), constructors (-14.4 vs -17.9) and manufacturers (-14.3 vs -17.3).
Business Confidence in Portugal averaged 1.67 points from 1989 until 2020, reaching an all time high of 5.10 points in March of 1989 and a record low of -4.30 points in June of 2020. 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. Portugal Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Business Confidence in Portugal is expected to be -1.60 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 -0.50 in 12 months time. In the long-term, the Portugal Business Confidence is projected to trend around 0.10 points in 2021 and 0.80 points in 2022, according to our econometric models.