The economic climate indicator in Portugal fell for the fourth month to -4.4 in June of 2020 from -3.2 in May, reaching the lowest value on record as businesses continued to be affected by the coronavirus crisis and the number of new infections in the country continues to rise. Confidence deteriorated among service providers (-52.9 vs -39.6 in May), manufacturers (-31.7 vs -26.8), constructors (-29.1 vs -24.3) and retailers (-28.3 vs -21.4).
Business Confidence in Portugal averaged 1.66 points from 1989 until 2020, reaching an all time high of 5.10 points in March of 1989 and a record low of -4.40 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 July of 2020.
Business Confidence in Portugal is expected to be -2.60 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 -1.20 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.