The consumer confidence indicator in Portugal increased to -8 in July 2019, the highest since January, from -8.3 in the previous month, boosted by an improvement in household financial situation over the past 12 months (-3.3 vs -3.4) and major purchases climate (-26.6 vs -28.4). By contrast, there was a deterioration in expectations over the next 12 months regarding the financial situation (1.9 vs 2.2) and the country's economy (-3.8 vs -3.4). Consumer Confidence in Portugal averaged -17.77 Index Points from 1997 until 2019, reaching an all time high of -0.80 Index Points in November of 1997 and a record low of -46.80 Index Points in December of 2012.
Consumer Confidence in Portugal is expected to be -10.00 Index 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 -9.00 in 12 months time. In the long-term, the Portugal Consumer Confidence is projected to trend around -6.60 Index Points in 2020, according to our econometric models.