The consumer confidence indicator in Portugal fell for the seventh month in a row to -33.1 in June of 2020 from -29.1 in the previous month. It is the lowest reading since December of 2013 due to the coronavirus crisis. Expectations continued to deteriorate regarding the country's economic situation (-55.8 vs -49.7 in May); major purchases (-43.7 vs -40.6) and household's financial situation (-19.3 vs -16.2). The current assessment of household's financial situation also worsened (-13.7 vs -10.1)
Consumer Confidence in Portugal averaged -17.58 points from 1997 until 2020, reaching an all time high of -0.80 points in November of 1997 and a record low of -46.80 points in December of 2012. This page provides - Portugal Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
Consumer Confidence in Portugal is expected to be -14.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Portugal to stand at -10.00 in 12 months time. In the long-term, the Portugal Consumer Confidence is projected to trend around -12.00 points in 2021 and -10.00 points in 2022, according to our econometric models.