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.